Trueman23

Trueman23

After at least three failed attempts to break the last high price is back at the bottom of this nice big range and almost at the support zone Whats possible: 1) Price goes on with its downward move and breaks n close through the support zone , indicates that we could try to short this pair 2) price gives us a bounce and gets rejected by the support and gives us...

Trueman23

Since October 2016 - Summer 2017 we were more or less in a nice upward trend which slowly turned into a big range as you can see last try to break the summer 2017 High failed and on its way down price breaks through a nice upward trendline ( a nice short trade by the way) Now we just testing the low of the range outside of the trendline which could lead to 2...

Trueman23

Price broke above this s/r zone to the upside and already retested it from above as you can see. Iam looking for a short if price can break the zone and gives me a close below . My target for the short trade would be the rising trendline . If we arrive at the TL i wil look for: A) break and further downside move B) rejection and and a move to the s/r zone to...

Trueman23

For a long and continuation in trend direction I would like to see that price bounce from the s/r zone + the trendline (double confirmation) could be tricky to play but that depends on price action we will see in this area . Alternative i have the short scenario on my list with a valid break n close below the s/r zone + trendline (again double confirmation)...

Trueman23

Support zone tested multiple Times Take a look at the Moving Average from below it almost matches with the support zone which makes it extra "strong" and gives me extra confluence Now as always we have 2 possible scenarios 1)My favorite is the long here after price gets rejected by the support and the MA a strong momentum bar to the upside or a nice Pinbar with...

Trueman23

1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure...

Trueman23

We are in a clear bearish market and going down since around 1year The last weeks we can see a correction in direction of a previous s/r zone which was respected several times before price was able to break it down + extra confluence by a trendline with several touches. Now again we have 2 scenarios which could happen here. 1) Price respects the s/r zone + the...

Trueman23

It looks like a classic top pattern for me . We see price found reistance in form of a double top right at a previous swing high which provides this resistance area. I look for a short trade after price breaks n close below the double top neckline (support) . Looking for a target at round about 1.54500 area. If price cant break below i look for the other direction...

Trueman23

We have a well respected s/r zone here which was tested 3times from above before breaking Now we just saw the first test from underneath on the daily Timeframe. The interesting part is that price is forming a SHS formation right under this s/r zone while the Head already retested it . Such a formation on a location like this is a great sign that we may see a...

Trueman23

-we have a Daily Pinbar -The Pinbar is forming right on a s/r zone -we have a Trendline wich is almost confimed by the 3rd touch waiting for a follow through candle in daily Timeframe to give us a"real" confirmation of the Trendline the other possibility is a break of the s/r zone and the Trendline to the downside and shorting this pair to the 0,9700 level as a...

Trueman23

We are just about to break the upward Trend here and price already breaks the rising trendline on friday. Just below current price we can find an interesting s/r zone which needs to break before i consider a short entry because price could easily find support here and start to push up again . Without this s/r zone i would enter this trade depending on the monday...

Trueman23

We are moving in a bigger range here and it looks like we are on the way to the top of this range again. Price just pulled back to a well respected s/r zone and i will look for a long trade after a bullish reaction right on the s/r area ( MA gives us also kind of dynamic support here if it can hold) The other scenario is a short trade in case price breaks the...

Trueman23

-falling Highs -confirmed falling Trendline -confirmed rising trendline as a possible entry trigger for a short I look to enter a short trade after a nice bearish candle breaking and closing below the small rising trendline Alternative i would consider a long entry after a valid break n close above the bigger falling trendline ( for extra confirmation i like to...

Trueman23

we see price is near a confirmed resistance area where it shows strong reaction to the downside before -we also see a rising Trendline (very steep) -also 2 pretty nice supply zones (the 2 highs to the left) I look for a short entry in case of a strong bearish candle which breaks n close through the rising trendline Alternative a long entry is justified after a...

Trueman23

-we see this trendline but it is not confirmed right now we need to see at least one strong bearish candle to see this TL as confirmed -we have a S/R area below price and i want to see a clear break here before considering a short entry -short after a break or waiting for a pullback into the S/R zone to enter. In case of a break we have again a lot of space to...

Trueman23

the question is can we break through the neckline and close below it ?! If yes we have a nice short trade here with a lot of space to the downside. What i also like for a short is the 200 sma lines up with the neckline and in case of a break i see this as an double confirmation. On the other hand a long scenario is also possible. We already see a bullish...

Trueman23 Updated 

-We see a pretty nice SHS formation while price is breaking through the neckline support -the rising Trendline is already broken this indicates a possible shift in direction -we also have a falling rsi divergence giving us some more confirmation patience is the key so as long as price didnt break the neckline there is no need to do anything a new higher high will...

Trueman23 Updated 

-we see 3th touches of a falling trendline ( 3 touches means the TL is confirmed) -price had formed some nice wicks to the upside right at the TL also a supply zone (Bearish evidence) -now i want to see a clear and strong break of the S/R zone right below price again patience is key and as long price stays above the S/R zone i will sit on my hands a break above...