Ugly chart but its an entry.
I posted earlier 480m chart that had serious resistance in the 1.4870 area. This chart is the entry I use. MA cross, retrace, and then OS.
MA cross, retrace, and a OS and I'm in. 2 missed daily pivots give us nice targets
I'm watching the 60m for entry now.
Open of NY session and we have a signal. MA cross, OS, and missed pivot. Now I usually like to get these signals after lunch or late in the day but this is a clear entry.
A big M with a hammer candle. I'm watching for entry on my 60m chart. I'm usually skittish this pair but dang...
So the MA's had a cross and the pair retraced. I'm in long to missed pivot.
This is interesting. I don't trade just formations, but this caught my eye this morning. I am watching on my 60m chart for an entry.
I find it interesting that 2 missed daily pivots line up with support. I am watching for entry on 60min.
This is why I'm sticking with my 60min entry until wrong
Posting this so I can remember this set-up. Initial Long
I would like to get into this trade and carry a ways. Pays well I am watching 60min for entry
For my trading rules, this a classic 1st entry into a new trend (60min swing). MAs have a cross with initial move and then a retrace. I try to add to these as it moves up and then retraces again. Hopefully, we can get to the 1st resistance (1.7500) on the weekly chart.
The cross of the SMA's and the break in support caused me to look for this entry to the downside.
Interesting set-up. Head & Shoulders with Divergence. Entry will include a break of Donchian Channel, which is my normal trading system. My first published chart, I thought I would give it a whirl.