fib5 retracement of previous downflow. week to week it is a down week, so my SL will be placed above last week. I am prepared to add on 2nd rally so I will be holding my first short position
I see a h1 channel emerging with 2 day bull trap. There is macd divergence but it is flattish at the moment. Price currently found support on a d1 Trenline ( black) I have entered a first position and should there be a retest at the blue circle, I will have more entries at the right shoulder. this may run contradiction to the other EUR crosses which i am shorting.
Has the downtrend changed? Right now, price is at a confluence of f6 , day trendline and ED channel resistance. A break means a new ERA but I am more bias for a short which is with trend but against momentum. I will be waiting for a h1 channel setup for specific quantifying of SL and EP. Right now this h1 setup is not fully formed yet.
this is big picture for my basis to short. I see strong resistance and my bias is to short. But right now I have no h1 setup to have a specific EP , SL N TP.
Currently at a day channel top and there are evidence of new high halted. I am waiting for the a 2 weeks high to be flushed before adding full size positions in. Long time wise, SGD will be strengthening. On h1 setup, I will be looking for a channel break which has Macd divergence now. If a right shoulder/ retest cna be made it will be even more excellent.
It is not wise to short against USD crosses as USD is currently very strong. However there is currently a macd divergence on h1 and I am keen to document the reliability of h1 setup as a standalone trading oppoturnity. A prudent entry will be to wait for test at 21.408. Really there is no hurry to get in here as it is countertrend. Staying patient is the way to go.
this is a h1 channel setup with mixed big picture for me. I have finally found the macd configuration for me and it is good to use this from now on. I will be tracking this as it should have already been triggered at 0986
On a higher timeframe, AUDJPY's direction might not be clear at the moment. This short is just based on a recent downmove which had retraced and halted at current f6 level. A day bull trap has been completed together with macd divergence so this was what got me interested. However I do want to see some testing at 9740 to ascertain that I have put in at least a...
A potential DT is forming now and it is encapsulated within a flattish channel. This channel has a macd divergence as well. However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips. Looking for retest at 4371 is more feasible and allows pip risk to be minimized. Tp1 at neckline Tp2 will be lower if this DT materializes.
Just playing simple and following the 5 weeks uptrend. Week to week price registers a higher low. For past 2 weeks , price consolidating within a channel , like a bull flag. Happen to have a d1 line chart support at 4425. Day close below 4395 will raise the alarm for me. There may be spikes here n there so I do not wish to get stopped out in this manner. There is...
5 weeks of uptrend, I am going to play dumb and follow the weekly trend. Last week did not seem to have any bearish impulse move for me, and I have found d1 line chart support at 9597. There is a 8 day bull flag channel. A pity i do not have h1 access, as there is also macd price divergence which convinces me this channel is meant for future upthrust. i will also...
week to week cadjpy registers a higher high and has been trending up for the past 5 weeks. I do not wish to try to pick the top. Instead I look to continue to trade with the trend. Right now there is channel forming , sort of like a bull flag. There is also a price macd divergence so I am looking forward to see a subsequent up move. In the blue circle, I am...
week to week is down and this week I am just loking for a retracement from a downflow and look to get into short. I have a day line chart resistance and will be looking for a divergence setup to go short. I hope price continues to trend as per last 10 weeks. A small divergence is observed but the price peak is rather flat at the moment.
This is an obscure pair but basically trying to play out the USD strength story.Although USD is strong, some USD pairs do not trend as nice as others, or some become stagnant in a week while others USD X continue to trend. Having displayed such a nice n stable uptrend, I will be looking for trend resumption after a nice consolidation with a multi day bull flag h1...
I have several resistance confluence , double fib confluence of f6 2 weeks high resistance , a h1 channel and potential hns right shoulder with potential divergence. I want to monitor how price will react at this confluence and I will be looking for a good bull trap to trigger my short
finally a h1 setup has taken shape after price decided to test the big channel top. on lower time frame , a multi day bull trap has been formed and there is a channel within channel confluence already completed , with macd divergence to support. Since I already have prior entries few days back, I will continue to hold and add on shorts within the orange zone. On...
shown in the chart will be 2 boxes , blue and red. Blue denotes a strong bullish expansion week, and thereafter price consolidated for 5 weeks. The chart pattern looks to be distributive in nature, and it is confirmed with a bearish expansion week. Right now price is back at the neckline. I will like to see this as a retest of this distributive strucuture and look...
catching the falling knife this is not good and not the best of confluence. At the very high weekly timeframe this is still down so I am trying to batch in my positions for this pair. However week by week momentum is clearly still up. Macd divergence shown.