Hello!!! this trade Is nice, let me take you through the pros and cons. Cons: A trendline with only 2 touches I don't even need to explain how silly this is. I labelled this as supply which is very silly considering that there was no big moves after the breakout of this level. Pros: The pivot was on the right trade but this trade was forced.
I got in this trade because I got in other trades that bought JPY
Hello I lost 1R on CADJPY This was a trendline breakout not completely classic but it is classic. Divergence It missed my TP so sad simple and nice This trade was influenced by news
Hello I had an idea that the SL hunt for this head and shoulders will happen. With this trend and its retest the plan was easy.
Hello unfortunately I could not record this trade We had 3 touches on the trendline which spiked my interest for a traditional trendline breakout strategy. Then another retest with another trend. This trade was largely influenced by NEWS
Hello there :) We are in a downtrend but with the inverse head and shoulders the chances of us continuing down are very slim. Yes we were unable to break the neck of the head and shoulders but we were unable to see bullish momentum either... This is how the retest looks when paired with the RSI. It is a divergence indicating weakness for selling. ...
Hello traders this is just a simple head&shoulders trade. It is clear that we have a head and shoulders here but if you dont like head and shoulders there is something else... A nice level that has been support for quite some time now. I am expecting this level to become resistance. Another thing I love about this trade is the position of the pivot point...
Hello traders lets dive into it: What we have here is a wonderful trend with more than 3 touches. we have again a level of resistance that was both support and resistance. We also have a divergence at with a tipple top. We can also identify that this is a clear downtrend when we look at the 4H tf. The last and most important of all is the pivot...
Hello traders lets jump into it Supply D1: We have a nice supply on D1 that gave us a very wonderful move, this is the base of our trade. Momentum on 4H: what we have here are steeper and steeper pullbacks (Note that line 1,2 & 3 are parallel), you can clearly see that the trend is losing momentum and I want to take adv of that. We also have a Lower...
Lets dive deep: We broke out of this trend and now I'm expecting a retest and some bullish momentum. Divergence
This is a classic trendline breakout We have here a pre existing trendline which we will use for our break and retest. I will be waiting for the break and retest If it breaks out today which is on Monday. My pivot point allows for me to enter on this retest that is occurring right now. My SMA also on the right spot
I'm selling EURCHF mainly because of this flag which might be a continuation If it breaks out today which is on Monday I will be waiting for the retest. The Pivot and my moving average are exactly where I want them to be.
This trade can be paired with my EURUSD trade ( but they are totally different setups. Double/Tipple Top: This is a sign for a reversal especially how it is happening on the top of the trend. Divergence: This divergence can indicate loss of momentum. Trendline: This is a valid trendline with more than 3 touches. Break and retest to be expected
Hello traders I hope you are having a wonderful week:) This is a very nice trade: The ZONE(Supply): We have this nice zone here some of you might call it supply. It can be observed that every time we gen near the ZONE we see a lot of bearish power. The Triangle: This Triangle is neither bearish or bullish as it is a neutral pattern but if we...
Hello traders this is my head and shoulders back test I usually back test my strategies every 3-6 months because they usually change and I often adjust them. This back test is based on Major pairs only from 2023-2024 For my head and shoulders strategy to be effective I will be implementing a few rules: For TP Hit I will measure if the head and shoulders...
Hello traders this is a simple break and retest trade AS you can see price has been trading under this level for quite a while now and I think it is now time to buy. I think price will retest this zone which it has been struggling to break.
Hello traders this is a very nice setup. Simple Head and shoulders retest. Most traders put their Sl there and that is where I want to enter. If my plan fails that is plan B. The weekly pivot looking nice.