Looks like we could go back to resistance at 1.5200 and the missed daily pivot. Watching the 60m for entry
I'm thinking about the giant wedge on the weekly chart. Where's our breakout? The missed daily pivot above is close enough to tag and then head south to the 3 missed below. I'm watching the 60m for entry for anticipated move down.
OK, this giant wedge has formed and we could an explosive trend one way or another. Watching this develop.
OK, 12 days ago I took a long that worked out nicely. Now let's take a 1st entry short. If you want a stop put over high on 24th.
Ken Roberts used to teach the 1-2-3 back in the day.. (90's?) I think we are approaching a big bear. This short pays nice interest and I'm thinking what everybody is thinking. It just rallied today to hit a missed daily pivot. Now the missed pivots are below. Watching 60m for entry. Possible to get to 18.0 quick, pause, and then 17.0
A chunk of resistance at 1.2845ish on the 480m I'm watching. Now we have some signals for an early entry. Early entry gives you a smaller stop loss if you use them.
We got what we need for entry. MA cross, retrace and OS! Check out 480m to see what got us here.
I don't always like these rising wedges after a down trend but we got the signals. Check the 480m I tagged for the overall pic. Giant M
I've been waiting for this. I'm watching 60m for entry now.
We got the MA cross, retrace, and almost OS so I jumped in.
Well this looks just about textbook. I'll try not to let it worry me. Our trend MA cross, break down with a retrace, and oversold %R. I was watching for this. See the 480m. Great risk/reward if you are into that.
So I got a MA cross and oversold together, but I usually wait it retraces under the MAs. Entered with small position. The 2 missed daily pivots are great targets which usually don't get left untouched for long. Check my 480 for the bigger picture.
I'm watching this for an entry to the downside on 60m. Bounce off resistance and trend line break.
I'm actually watching the tea cup on the 480m but this presented itself to the downside. Tight stop if you want.
So I have a friend who loves teacups. I don't necessarily trade them, but dang this is textbook. I am actually in a short trade but will be watching for an entry back up...
Earlier I posted 2 long term charts anticipating this trade. I like being long this pair because its a descent carry trade. MA cross, retrace, and then oversold. That's my entry. Looking at 2 targets.
Alrighty, I'm trying this one again. My 1st entry was good a couple days ago but I got out early for some reason. These pivot targets are still sitting waving at us..