DocWonmug

DocWonmug

We’ve been in a channel since 2 Sept 2019. Current PA is stalled at the channel midline and has entered a symmetrical triangle. I’m looking for an upside breakout and a continuation to the top area of the channel. Here’s the 1D chart so you can see the whole channel.

DocWonmug Updated 

In a DT since 16 Oct 2019. Probable LL formed. RSI and PA has broken across trendlines. Waiting for PA to show support on the trendline (shown on the 1H). Approximate entry shown. A long trade here is counter-trend so look sharp.

DocWonmug

4H possible DT. Probable new LH. Breaks in RSI and PA trendlines. Waiting for 15M to show a break of the entry point. Trade as shown has a poor RtR.

DocWonmug

4H UT in a channel since 21 Oct 2019. At the top of the channel with a tweezer top. Looking for an imminent break in RSI and PA trendlines. Approximate entry shown with TP and SL.

DocWonmug

We are getting very close to a significant SR zone. I’ll be looking for a break in the RSI and PA tendlines. I’m not sure yet on TP and SL. Here it is on the 4H where I usually trade. Although I will be watching the RSI trend on the 1D.

DocWonmug

I usually trade on the 4H but I am showing this on the 1D to see the horizontal channel in relation to the falling and rising trendlines. The two trendlines are converging near the top of the channel. I will look for break downwards across the trendline and a break in the RSI trendline on the 1D chart. There are a few major economic events coming up to so we have...

DocWonmug

Good RSI and PA breaks across trendlines. Looking for a retest of the 61.8 Fib support line.

DocWonmug Updated 

Break in the RSI and a probable new HL in the UT since 2 Oct 2019. Previous RSI breaks correlate well with PA breaks in this pair as seen since the UT started. Good R to R of 1.64.

DocWonmug Updated 

Good breaks in the RSI and PA trendlines, along with the PA breaking and closing above the SR zone from 12 Sept 2019 HH. Also, the current probable HL is on the support trendline that you can see on the 1D chart.

DocWonmug

UT on the 4H since 9 Aug 2019. Potential new HH. Potential break in the RSI. Looking for better RSI break and PA break. About 2:1 R to R as shown.

DocWonmug Updated 

Ongoing 1W and 1D UT’s. Good RSI break, waiting for PA to break trendline and also break the SR from the double top 13 March and 6 may 2019. The weak link on this is there is a 4H UT since 30 July, but the latest HH has not formed. This trade if taken would assume the UT has broken. You can see the double top and the lack of the HH on the 1D:

DocWonmug Updated 

Classic head and should formed during a downward breakout of the 86% regression channel from 7 Aug to 28 Oct 2019. I want to see if the PA respects the resistance trendline from the right side of the head and shoulders. If so, we may see a DT firming up. The head of the H&S is also a triple test at 0.76349 on 4 Feb 2019 and 23 April 2019. Sorry for the teeny tiny...

DocWonmug Updated 

Good breaks in RSI and PA trendlines. We are in a wide channel since 12 July 2019, and although it did not hit the top of the channel a downturn may occur. Here it is on the 1D showing a resistance trendline, and where my TP comes from.

DocWonmug

There was a 97% regression channel from 4 Oct to 20 Oct 2019, followed by an ascending triangle. I will be looking for a breakout on the topside of the triangle. Sorry for the teeny tiny chart – I am working on my laptop. I wanted to show this on the 4H chart where I usually trade.

DocWonmug Updated 

This pair has been in a 1D UT since 26 Aug 2019. Probable HL on 31 Oct 2019. Looking for PA to re-test HH at about 83.554 less a few pips. Keep an eye on the RSI and PA trendlines and exit if they break.

DocWonmug

I’m not sure if this is significant, but the RSI has been in a tight channel since about 16 Oct 2019, the same timeframe the PA has also been in a tight channel. The RSI just broke above the channel. Does anybody have any comments on a channel on the RSI? Is there any significance? I believe I will look for a PA break above the channel and consider a long trade....

DocWonmug

The PA is ranging just above a major SR zone with the last previous low at these levels on 9 May 2017. Current PA has formed a fairly tight channel since 17 Oct 2019. The high on 12 Aug 2019 is a double top with 31 Aug 2017, with the previous market high before that on 5 Oct 2009. I will be looking for an RSI break on the 1D to see if the PA turns up away from the...

DocWonmug

4H UT since 26 Aug 2019, with converging support and resistance trendlines. Probable new HL. Break in the RSI trendline. This trade has a thin R to R of 0.94, but looks right for SL and TP levels. Here is the daily chart to see the converging trendlines. Kind of interesting that the resistance trendline started back on 25 June 2019 and 18 July 2019 as support.