Triangle forming on the 4h after breaking a new high Plan:Wait for price to hit the bottom of the triangle Enter long at 55.4 on the retest of the previous structure TP at 57.5 SL 54.5
Price is approaching resistance. Wait for retracement before taking long continuation trade at the half body of the daily range. Enter at 1.29722 SL 1.28737 TP 1.31624
A potential reversal is about to occur at the 61.8 retracement level. Wait for 4h bearish signal. Entry 111.364 - 111.664 SL 112.100 TP1 110.510 TP2 110.049
Prices has dropped heavily over the last few days. Expecting a reversal to happen soon Plan: Wait for reversal signal (Inside bar breakout, Bullish engulf) Enter between 0.67277-0.67021 SL 0.68854 TP1 1:1 TP2 0.68278
Wait for 4h reversal signal in our potential entry zone. Enter between 1.5904 to 1.60172 SL 1.60172 TP1 1:1 TP2 1:2 TP3 1.55905
Wait for retest into 1.3187-1.3256 Short on 4h reversal signal Stop above 1.32895 TP1 1:1 TP2 1.29039 TP3 1.27487
Wait for retest of neckline Enter on reversal signal between 8.4376-8.4942 Stop above 8.53589 TP1 1:1 TP2 1:2 TP3 8.05430
Head and shoulders breakdown Wait for retest Short at 8.4374. Stop above 8.52951 TP1 1:1 TP2 1:2 TP3 8.05430
Factors involved: 1. Head and Shoulder Completion visible on Daily 2. Well respected ascending Trendline 3. Triangle Consolidation 4. Supply zone Potential Trades: Case 1: Bounce up from Trendline and supply zone Long with confirmation Case 2: Breakdown from Confluence zone Short during retest #tradingwerks
Prices has completed it's first upwards impulse move, I'll be waiting for a retracement to the 0.5 - 0.618 fibonnaci tracement zone for a entry signal on the smaller time frame before taking a long. Target is based on most recent high and length of the first impulse move (AB=CD). Stops below the 0.5 retacement. Enter between 0.9885 - 0.9855 Stop loss 0.9830 TP 1...
Prices has succesfully broke above the previous start of the bearish move and also broken the descending trendline. Currently rising with high momentum. I'm waiting for price to retrace before riding along the uptrend. Confirmed direction - UP Target - 0.7232 Enter between 0.7189 to 0.7174 Stop - 0.7170