We are currently on a Key Sone abd we are looking at a bullish move. Risk Reward is 1:5
Am in the trade currently. We are in a key level, We are looking at price going down to the demand zone.
We can see the formation of a a reverse head and shoulder. Therefore, let us see how price reacts to the previous key level and see a confirmation sell candle before taking a sell position. Note: First sell Set-Up has a risk managemenet of 1:2 while teh second is 1:3. Or you can take your first tp in the first set up and see if price reaches the second tp.
This analysis is for tomorrow. Waiting for price to react with key level and give us a confirmation before taking a sell position.
We are expecting more bullish movement. However, after price moves to the previous day key level, we are expecting a bearish break from the zone before entering a sell position. Note: It is adviced that you risk 2% of your capital. R:R is 1 : 2.5
We are looking towards price testing the lowest low of yesterday before going bullish. We will be taking a 1:11 for our risk reward ratio.
These are multiple sell setups. The Dollars keeps getting stronger and the war keeps getting more.
It is best to use a tight stop loss as this reduces the risk while trading.
If penant is broken downward, then we are looking to see the completion of a Head and Shoulder pattern.
On the monthly timeframe, we are looking towards a sell next month and upper because we currently experiencing a strong rejection.
We are looking towards a break and close of structure of either of the support i=or resistance created by our fibonnaci levels before an entry.
On a long term, we are looking to see a 300% move. However, we are in a resistance zone and we are looking to see either a breakout or reversal from the supply zone.
On the 4H timeframe, we are on a downtrend. We have a double top which supports the sellers. Asides that, a wedge has been formed which supports the fact that we are soonest heading to the 0.5 Fib level. For conservative traders, wait for the break of the lower trendline of the wedge and enter sell trade at the retest of thesame line which will be possibly at the...
We are looking to have price to retest the 0.786 Fib level before moving towards the support (Sell) on monday. If price breaks the 0.786 level, then we have to wait for price to break the upper trendline, then we place a long entry.
We are looking forward to having a long entry which will last till the middle of the week or the end. Then we will have a deep fall. But if we want to be more careful, we will wait for the break and retest of the white trendline. At that point, the head and shoulder pattern will have been completed.
We are taking profit at the 0 level of the fibonacci retracement tool. However we can set our Take profit 2 and Take profit 3 at the -0.272 and -0.618 levels of the Fibonacci retracement tool too.
We will be reaching the support level. Trade. However there is a possibility of a break and retest which will mean the beginning of a long bullish trend.
Waiting for the pullback then enter the buy trade. THE JOY OF THE LORD, LET IT BE YOUR STRENGTH.