we are seeing the strength of the bull market. we still can't see the market's strength to fall further. We will consider every price decline as a retracement before the price skyrockets up to create a new ATH once again. as long as the price does not break below 2233.12, we will assume the price is still trying to make a new high
I have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new...
Basic technique. When the price is about to make a fall, the basic structure of the downtrend needs to be identified. The basic structure of the downtrend has 4 important points which are H-L-LH-LL. If we have been able to identify this structure, then we will assume that the price will make another lower low (LL). We will take the opportunity to sell and cut loss...
the uptrend wave is still strong. price movements have shown the same pattern of increase. most likely will go up for the 3rd time. take the opportunity to buy because the momemtum buy is still there.
Never ever give up...price will definitely touch ema50 H1.. it will because it is proven by backrest where is price always return back to touch ema50
twice our setup failed and got SL.. but, don't despair. We will continue to use the same setup because we are confident with our setup. When the price has run away very far from the ema50, the price will eventually touch the ema50 again. This is bound to happen.. DEFINITELY.. We buy and take profit as soon as the price touches ema50 H1.
what is a retracement? A retracement is a price movement that is opposite to the direction of long-term price movement. Usually the price will retrace at a certain level. I take the ema50 level as a target for the price to touch as a retracement. I also call this technique magnetic ema which means that at a certain level the ema will pull the price towards it. On...
what is a retracement? A retracement is a price movement that is opposite to the direction of long-term price movement. Usually the price will retrace at a certain level. I take the ema50 level as a target for the price to touch as a retracement. I also call this technique magnetic ema which means that at a certain level the ema will pull the price towards it. On...
After touch ema50 m30,next destination is ema50 H1.. Price will definitely go down to touch ema50 H1. we can do backtest to see a clear picture of this price action. Basically price will turn back to touch ema50 to make a retracement, so, it is cumpolsory for us to take profit when price just touched ema50.
take profit sell when the price drops touch ema50 m30. the nature of the price will definitely return to ema50. DEFINITELY. So, let's take the opportunity to make a profit from this sure thing. In the analysis, there will definitely be some that fail and get hit by SL. But, never despair, the price will not be able to run away from ema50 forever. look at the...
The nature of the price is that it will make a retracement touching the moving average no matter what the time frame. I chose ema50 as a reference because based on my experience I have seen very good price response to ema50. If you look at the chart, the price once tried to go down to touch ema50 but failed. The price has made a significant increase, and I think...
if price cant break this low, which cant make lower low than this level.. price potentially goes up.. uptrend structure is still valid there
this is my point of view using Daily TF.. support my analysis at m15 earlier.. price always return back to touch ema50
I think it is time to make retracement down to ema50 H4. Risk reward ratio 1:1 is ok.
let's scalping at m30.. there is an AO divergence, so usually the price will pullback looking for ema50.. lets go 1:1 risk reward ratio
Price will definitely touch ema50 again. But when will it touch ema50 again? we have to have another indicator to help us, and I chose AO divergence as an additional indicator. The price will definitely go up to touch the ema50 H4.
To sell, first of all we need to make sure the price has made a downtrend structure which is H-L-LH-LL. Next, make sure the price does not exceed the LH level which shows that the price still has the strength to go lower. Next we can enter with a risk reward ratio of at least 1:1. the price has broken the trendline, however, the price has not yet been able to rise...
The chart has shown a downtrend structure. so, we decided to sell.