HassanShams

HassanShams

BULLISH BIAS: 1. Bullish trend line. 2. Projection achieved of previous bear trend. BEARISH BIAS: 1. Bearish Divergence on Klinger. 2. Major bear trend. 3. Approaching resistance zone. 4. Indices are favoring bears. Trade Triger: Short at the indication of a bearish candle on 15m chart.

HassanShams

Bullish Bias: 1. Declining channel broke and projection is making a HH. 2. At FIB support 3. No Divergence in Klinger. Bearish Bias: 1. Overall Bearish Trend. TRADE PLAN: Sell by Market TP at 1.11536 SL at 1.12994 R/R: 1 Lot: 0.18

HassanShams

Made a shooting star and then started making LLs and LHs. Trend seems to be reversed. Market is taking small Correction from a FIB support. Shorting on the indication of a bearish candle. SL at LH. Not setting TP because the idea is to ride the trend.

HassanShams

Trend Reversal happened on 14th Nov. Making a Bullish Trend. Entry green candle. SL at recent HL. No TP, because idea is to Ride the trend.

HassanShams

A strong FIB level has been broken. Taking Long entry with SL at the Old resistance now acting as support and TP in the FIB zone as shown.

HassanShams

There is a series of HHs and HLs. Therefore, entering at the FIB support with SL at Below Support. No TP level, because motive is to ride the trend.

HassanShams

The market is in range bound at FIB S&R levels. Therefore, shorting AUDNZD for scalping.

HassanShams

The market is currently range bound due to very strong support, (previously that caused rally). So, if it breaks this support, the next support is at 1.30542. Therefore, waiting for the entry.

HassanShams

So, there is an old Resistance acting as Support. Taken with TP at next FIB resistance and SL below lower FIB support.

HassanShams

There is a series of LHs and LLs. There is a shooting star candle at the Fibonacci Resistance.

HassanShams

So, there is a resistance level where there is undecisive candles. Also, the trend line shows that it will trace back to the lower trend line.

HassanShams

There is a series LLs and LHs, and at the hourly candle it is struggling to break the 4 hour Resistance.

HassanShams

There is an inverted hammer at the support. TP at the retest and SL at the below support.

HassanShams

There is a bullish hammer at the daily support level. Trading with a Risk to Reward ratio of 1. If it gets rejected it will retest at the daily support below.

HassanShams

I have taken short trade in LTF on the basis of Dow Theory and Evening star candle.

HassanShams Updated 

In 4 hour candle, there is a bullish hammer after the correction. Therefore, I have entered at 0.99086.

HassanShams

This is my week 2 trade analysis for the pair AUDUSD. There seems to be an accumulation phase from 13th Oct to 21st Oct. Now the recent candles suggest an upward trend, whose confirmation is required when it will break the previous LH.

HassanShams

This is week 3 of my trading and I am simply using Dow theory on 4-hour candles. I need to familiarize myself with this pair, therefore I will keep watching for opportunities and how this pair behaves.