stormbijan

stormbijan

Beautiful downtrend. Possible opportunity to Short! 1. Wait for price to fully retrace to strong resistance level. 2. Price should begin showing weakness ( reversal candle/retest ) to resistance. 3. Could ride down to first TP point, or second.

stormbijan

I prefer to trade the simplistic route. Therefore having a few confirmations stacked such as : 1. Price being in a new downtrend, actively making lower highs, and lower lows. 2. Price doing its last retracement, and making its way right back to a previous support now as resistance. 3. Price respecting that resistance, and forming a wick candle right at that...

stormbijan

Breakout long for NU, as price has begun a small uptrend pattern on the last leg, quickly approaching the neckline of resistance it will need to break to truly breakout. A buy at the support ( along with confirmation of price printing a reversal candle ) would be a safe entry point! #HAPPYTRADING

stormbijan

EUR/USD can be very volatile, so the set ups I look for on this chart tend to be quick scalps that provide safe entries with low drawdown. I see an opportunity on the Daily chart; candlestick with lots of wick printing at a heavier support level that price may not break. A retest or two on the hour/4h chart will be confirmation of reversal most likely! #HAPPYTRADING

stormbijan

DAILY LONG OPPORTUNITY... WAIT FOR PULLBACK TO SUPPORT LEVEL. COMPLETION OF RETEST TO THE NECKLINE OF THE DOUBLE BOTTOM.