Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
UK 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
I found this pattern with the Harmonics.app Harmonic Scanner
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see rules on the charts
see the main chart for rules and instructions. This is not financial advice.
Wait for price to break ceiling or floor then retest before entry.
Please follow the rules
Ensure you manage risk accordingly! ALWAYS WAIT FOR THE BREAK AND RETEST ON THE 1HR!
Please allow a break and a retest see my zones previous to see previous touches
Draw these within your own trading view charts and ensure you set alerts to make sure you are notified when the price breaks either zone.
This is for educational purposes, top down analysis from the 4hr, zones refined on the 1hr with multiple S&R areas on the back test.
Using price trap with all my trades has proven consistent and profitable, feel free to follow me on my ideas.
Using Price trap we are able to trap the price, waiting for a solid break and then a retest before entering the trade. No break and retest - no entry.
Awaiting the next move from this pair. Always follow proper risk management
.01 - 100 GBP
.02 - 200 GBP
.03 - 300 GBP
.04 - 400 GBP
.10 - 1000 GBP
10 - 15 pips in profit = Set 2 pip stop profit
1st Order = 30 pip take profit
2nd Order = trail stop profit
30 pip stop loss no matter what.
Example of Twin Trading:
1000 GBP in account =
.05 + .05 = .10
1. Wait for a break of support (floor)
With the Harmonics scanner detecting a sell I have trapped price within the two zones. Once a zone has been broken await the retest before entry.
With USDJPY continuing its downtrend, there could be further opportunity to catch more pips.
With the harmonics system indicating a buy, this could be a nice trade setup. Using the price trap strategy, this allows me to predict the next move with confidence.
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Wait for the retest to take place, feel free to use a FIB tool for a more precise entry. If it does not retest the zone - DO NOT ENTER!