Part_Time_Astronaut

Part_Time_Astronaut Updated  May 16, 2017

Sorry for the delay on this post. Had to draw up the chart hence. Anyways we do see a nice oppertunity to buy this setup and my stochastic seems to be leaving the oversold region. Also a nice PRZ :)

Part_Time_Astronaut Updated  May 16, 2017

Nice support zone. We can expect the market to reverse at this point. Stochastic is also oversold. :)

Part_Time_Astronaut Updated  May 16, 2017

Re-test resistance zone. Inside bar at first top and 2nd re-test at 2nd top. Target:121,527 Always apply risk management :)

Part_Time_Astronaut Updated  May 16, 2017

Strong resistance zone. PRZ so im looking to sell this pair and the previous top we have divergence. :)

Part_Time_Astronaut Updated  May 15, 2017

Price has entered the Fib. levels so we have a nice PRZ in sight. The correction to the downside looks like its going to re-test the bottom support zone before it makes its way up. :)

Part_Time_Astronaut Updated  May 15, 2017

Price should be moving up since it bounced off the bottom trendline. Stochastic leaving the oversold area. We still in the correction trend. :)

Part_Time_Astronaut Updated  May 15, 2017

Trade this setup up with confluence. I'll update this idea on a lower timeframe/chart. :)

Part_Time_Astronaut Updated  May 15, 2017

Lets fill the gap. :)

Part_Time_Astronaut Updated  May 14, 2017

Stochastic oscillator leaving oversold area. Price also bounced off the bottom trendline :)

Part_Time_Astronaut Updated  May 14, 2017

Price has probably reached a lower high and its going to make its way down again. At the previous top we have a nice bearish divergence. The market seems to have retraced within the Fib. zones. If you use bollinger bands in your strategy you'll see that your candlesticks are touching the top bollinger band. There's a lot of confluence in this setup so lets keep watch. :)

Part_Time_Astronaut Updated  May 14, 2017

Wait for the leg to finish retracing before buying. :)

Part_Time_Astronaut May 14, 2017

Price is re-testing the resistance zone. Price is most likely to drop again. We have a nice over bought area on the stochastic. A little more risk is involved in this trade since its on the 15min chart so trade with confluence and only if your trading plan agrees. All the best :)

Part_Time_Astronaut Updated  May 14, 2017

Correction to the downside looks like its over and the stochastic is also oversold. Fib Zones has been reached. Great head and shoulders pattern. Long term buyers. :)

Part_Time_Astronaut Updated  May 14, 2017

Price is currently at a strong resistance zone. We can expect a retracement/correction to the downside before going long again. I'm looking to short this pair when my trading plan agrees. Stochastic is approaching the overbought area. We also have a nice bearish divergence for a sell on the 1 hour. :)

Part_Time_Astronaut Updated  May 12, 2017

Candlesticks are approaching strong support zone. Do not buy until you have confirmed the trend has changed. If the bearish trend passes below the box, consider the setup invalid. Always apply risk management :)

Part_Time_Astronaut Updated  May 12, 2017

Nice Bullish Pattern on the 4Hour chart. Buy the retracement leg before selling some more. Price bounced off a nice support zone. Always apply risk management. :)

Part_Time_Astronaut Updated  May 10, 2017

I'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought. My Target area: 78,200 - 78,000 Always apply risk management. :)

Part_Time_Astronaut Updated  May 10, 2017

Strong resistance and nice bearish butterfly