RETRACEMENT BACK TO 4HR LEVEL PRICE IS EXTENDED. HALF RISK AND QUICK 1/1 RR GIVEN THAT THIS IS NOT A RETEST OF STRUCTURE WITH TREND
DAILY price recently broke through structure resistance. Price is approaching a daily level with some room left to move. Draw back is that we are getting high on the curve. Weekly chart still looks very bullish validating further upside even though high on the curve 4HR recent structure resistance broken 1HR price forming flag patter and testing retest of form...
DAILY price broke major support, and has been basing over the past few days. Major level below which seems like price is gravitating towards. 4HR 50 below 200 ma. Price breaking down through structure support. 1HR price broke support and recently retest the level with strong bearish candle rejecting the level. Trade 1- 1/1 RR 2- 1/1.9 RR
DAILY Pin bar potential but looks like price wants to push higher. Expecting daily bar to close toward higher end of the range if not then will be strong bearish pin bar at the end of the day printed on daily 4HR retest of price structure. One flaw is that we didnt have price move away from structure for a couple of bars 1HR Pinbar forming seems like price may...
DAILY price broke the down trend to the upside. Price also printed a pin bar two days ago evidencing possible demand from buyers. We also have a mini flag pattern. Thoughts are strong momentum do expect major pull backs. 4HR 1hr level aligns with the 4hr most recent high that price broke thru. 4hr price has room to work up to the daily level of supply /...
DAILY price rejecting the 200 ma. Price seems to be in a channel and is respecting resistance. Major wicks showing selling pressure 4HR price evidencing divergence with MACD, higher price highs but lower highs on MACD. Price broke structure low and retested. 1hr price consolidating. looks like it forming bearish flag. Momentum shifting to downside Trade 1- 1/1...
DAILY price has formed a flag pattern. Price looks like it wants to break resistance with room to move to structure above 1HR Missed entry on the 1hr timeframe when price broke and retested structure. 15min Entering on recent break of structure and retest in expectation of larger move forming on 4HR and daily Trade 1- 1/1 RR 2- 1/2.3 RR
4HR price has hit structure support 1HR price looks to be forming double bottom. Massive downward candle was rejected by buyers, potentially evidencing more buyers here. 15MIN we have price divergence compared to MACD with lower lowers on price while MACD creating higher lows. Trade 1- 1/1 RR 2- 1/2.8 RR
Daily price showing exhaustion 4hr prior price structure broken, now level might serve as support and looks like wants to retest the level 1hr divergence with higher highs and lower highs on MACD. Price broke upward trendline Trade 1- 1/1 RR 2- 2.75/1 RR
4HR Resistance/supply zone being tested 1hr price seems over extended with room to drop to lower structure where price broke out, we also have macd divergence 15min price formed a wedge breaking to the downside Trade Targeting 1:1
DAILY Double top, potential to break the neckline. Resting at potential support. Trend is down 50 below 200 1hr both 50 and 200 pointing downward, price touching the 50ma as resistance 15min hitting 200 ma and 50 ema is still below the 200ma. Cluster is present Entry 1/1 Risk to Reward
Daily: downward trend, 50 below 200 1 hr: Lower low created and upper channel hit 15 min: cluster present price hitting 50 ema which is below 200 ema
15-MIN 200 above 50 ema cluster present DAILY price formed double top potential room to the downside TRADE SETUP Stop 15 pips above cluster high PT1 - 1/1.15 RR PT2 - Runner
15-MIN CHART 50 above 200 cluster present DAILY CHART price broke descending trend-line TRADE SETUP 10-pips below cluster low PT 1 set at 1/1.15 R/R PT 2 runner
Daily: Hitting major horizontal structure. 4hr the level is clearly visible 1hr waiting for a break of structure, higher high and lower low for entry. RR: 2.5/1
Daily: Price below the 50ma 4hr: price breaking structure, while also being below the 50 ma momentum to the downside
Daily: price trading sideways, trying to see if price will push to test upper resistance or upper channel. Price continues to stay above 50ma 4hr: Price is above 50ma and seems to be making a higher low.
Long trade setup head and shoulder. Price trading sideways on both weekly and daily time frames