The 3 yen pairs I watch GY, EY and UY are showing rejection and reversal patterns from key levels.
Possible resumption of last weeks up trend?
irishtoffy
Possible resumption of last weeks up trend?
irishtoffy
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DislikedEA reached key level and now shows divergence on H1, so what do you think about a short possibility? There also happened to be an AB=CD completion at this level of previous move {image}Ignored
DislikedGBPCAD has been in a very nice channel on daily. Price is touching the lower channel right now. Maybe a good time to dial down to find long entry. Very interested to see if it can break that very strong top resistance. {image}Ignored
Disliked{quote} How do you find a market entry= after finishing the retracements.....or what other area to look forIgnored
Disliked{quote} Direwolf I would wait. A tiny bit of possible divergence on 1H chart and potential double top. For now I see bear. {image}Ignored
Disliked{quote} How about being a buyer after some pull back? Stops should have been clustered at previous high (left end in the image) and it could be targeted (stop hunting) before going down.... EA 4H {image}Ignored
Disliked{quote} Sweet! How did you pull that trade off? I don't see and entry on my chart unless I got in on the 3rd candle and then I would be nowhere 75 pips in profit. You must have got in when the 2nd candle was still active or something.Ignored
Disliked{quote} EJ 12 Mar: first, we must believe in that setup and there is no invalidation. then look for an intraday trade setup on H1 and use those intraday support and resistance like previous D Fib retracements levels. A Fib 38/50 entry is my favourite. you can better time an entry with smaller initial SL by using a M15 entry with the 5SMMA PAC.Ignored
DislikedEA channel update week 11: My favourite way to draw price channels has been using swing points and TDI confirmation. {image}Ignored
Disliked{quote} How about being a buyer after some pull back? Stops should have been clustered at previous high (left end in the image) and it could be targeted (stop hunting) before going down.... EA 4H {image}Ignored
Disliked{quote} If we draw channel the same way as suggested by Phx62 on daily for H4 trading then the end result will remain same as you mentioned. Please correct me if I am doing something wrong. {image} {image}Ignored
Disliked{quote} There is no correct or wrong way to draw any price channel on our charts. What is important is what is our approach to determine our price channels. Most price channels are draw using trend line as the base line. The most common method is to identify the price trend. If there is a major trend, we can then draw the major trendline on our charts. With that major trendline, we can then draw a parallel line to thart major trendline and that become the channel line. The placement of the channel line can be determine using the next swing high...Ignored