popesalmon

popesalmon

NY IMPULSE SCALP TRENDING

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Price previous night took a big dip, creating a clean candle zone. At around LDN session, I saw some upward momentum and a breakthrough hence I entered as I would anticipate a mirroring price action. SL: was below the previous-previous vector as a precaution and also because I anticipated TP: is placed based on 1hr timeframe. I entered 2 positions with another...

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my trade idea

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If price close on these key zones look to short/long as indicated by blue lines

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Price failing to break through the resistance but also is respecting the trendline. A possible burst may occur soon.

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Loser Exited the position when price whipsaw back into range 2 mins prior to closing. Retracement was too much.

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Same set up as last night but just much betterr confluences.

popesalmon Updated 

Entered the position as price broke the previous resistance as it would indicate a continuation of the trend. This is also indicative through rejected wicks.

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Price floating at frequency line. Waiting for next few candles to unveil itself.

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News caused the bearish momentum, it touched the lower parallel line making it a valid confluence to the trading signal for long. Price later climbed up and touched the inward frequency of and also touched the underthrow of a sloped frequency line.

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From all the previous 4 candles, price has been ranging, my speculation is that if previous candle closes above the key level and engulf all the candles on the left, price will be pushing to the upside. This is under the fact that EURUSD has recently broken its major trend resistance level. The market has also been moving in an orderly fashion so there's not much...

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Speculating a long position if price hits the given criteria

popesalmon Updated 

Price has recently broke above a key level, and retested. With a strong rejection and a bullish engulfing candle. Now price has come back to retest the Pitchfork drawn. I have placed my Long entry as I am speculating an attraction to the next zone (which was previously a Head & Shoulder.

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has the same equal length. With also a relatively similar ranging charateristics. Pasting the linework on the current candle yields the exact length needed to touch the Monthly Trendline.

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Price has been forming a Pennant so there's a possible burst in momentum. This means that I will be looking closely for a possible entry to the bias side. Otherwise on Price has been forming a bullish wedge. Price has also been travelling towards the support area as marked and drawn out. I will be looking to place a long position once the price is clearer.

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Price is entering the key Supply & Demand zone. It can go either way. Price has broken above the cloud and that signals a potential long trade. All the while, rejection on 8th June suggests a failure to breakout from the zone. Next few weeks should decide the coming trend of this currency pair.

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Price retraced down and started to push back up, by using the fib retracement we can see that the level is at 61.8%, hence to why im speculating a long position. This is not to mention the expanded pivot confluence with the Fibonacci and kijun-sen. Target is set at 161.8% but will be target dynamically adjusted once it passes 1.5 ratio Third confirmation or the...

popesalmon

Applied negative extrapolation to plot the pitchfork on. Showed a good sign of respect. and because it reverses from the upper parallel and plus the fact that it's respecting the Fibonacci anchor points, I placed a short to the 0.5 ratio The price will likely still continue to trend upwards until hitting the significant high. Therefore this is a quick trade...