MT-Team

MT-Team

TOPDOWN ANALYSIS: Shows Monthly uptrend INTO a BEARISH FLAG PATTERN ACTION PLAN: 1.) Wait for price to show a break above previous high, then consolidate between monthly bearish flag trend line and show at least one 4h long wick rejection = enter a sell 2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven as we might see a consolidation and...

MT-Team

TOPDOWN ANALYSIS: Shows Monthly uptrend and BULLISH FLAG PATTERN ACTION PLAN: 1.) Wait for price to show a break above flag pattern and retest (then enter with a buy) 2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven (as we near pivot point resistance) (capital preservation is key) MAGIC IF: 1.)If market breaks...

MT-Team

TOPDOWN ANALYSIS: Shows Monthly downtrend = strong bearish signal, and shows a December uptrend = short-term bullish signal ACTION PLAN: 1.) Wait for price to show its true course - with long momentum candles (because holidays can cause consolidation/ pauses in the market) = before making a decision MAGIC IF: 1.)If market trends upward with...

MT-Team

TOPDOWN ANALYSIS: Price is on strong Bullish trend, breaking pervious monthly highs ACTION PLAN: 1.) Wait for price to show one 4h bullish or bearish momentum candle (long body and very short wicks) to confirm market bias MAGIC IF: 1.) If price retraces but shows strong bearish momentum - market has turned bearish and you should look for...

MT-Team

TOPDOWN ANALYSIS: Shows bullish trend being broken (with large 4H candle break below trendline) ACTION PLAN: 1.) Wait for pullback/ retracement to 1.22467 price level 2.) Look for a wick rejection and an bearish engulfing = enter with a 1:3 Risk reward MAGIC IF: 1.) If price pulls back above trendline and consolidates = wait...