Last week GBP went out of control and complete hit the above the trend line - I assumed it should take few days or week, but it turn out great BOMB!
This one possible stay bull if it want to break out the line where previous resistance level or going down as well. Im hope for bear and same time - WAIT for confirm.
Thumb if you want to be team with bear? Again...
Waiting for market to open again and see for the next possible of bear (Wait for confirm)
Today and Tomorrow might be the slow market due to USD and CAD's holiday. Japan's bank close tomorrow as well.
Thumb if you think it should go bear after confirm
I don't trade yet, but it is good practice for me to wait for retracement then go with impulsive move.
Patience until gold possible fight near the yellow line then possible lost by the battle. Price action is the key to know where it will throw in the towel.
Bear/Bull then Bear. Again - not confirm until you see price action appear as well.
Thumb up if you...
50MA is our hint to see bounce and also follow trend line as respect. Bull is on our team.
Green zone is where you should take profit as well then wait for farther notice with debate of price action
Thumb if you agree
As I showed recently with 15M time frame setup (USDJPY which it was mistake - it is USDCAD)
Anyway, this is what look like when zoom out on 1H and amazing how it shown reason to cause trigger with yellow box.
Usually hard to catch trigger when come with large time frame, but the small time frame can catch wedge that cause trigger on M15.
Again this is just...
This is my new trail and give a good test to see if it will meet my plan as well. I don't tend to use 15M chart, but Im very curious about the result.
Best recommend is using "top down chart" to analysis, but this one just one chart testing. Let's see if result get any better. Thumb up if you think it is possible lower Supply and Demand.
When the market open...
Hey everybody! Im sure you enjoy my chart lately. I noticed I got more follower since. You might notice this one is different than my all preview charts. If this improve my skill then I can say "I DID IT!"
if you are curious about new strategy? Message me and I will be happy to share PDF as well. This is my testing trail since I just learn it in less 24 hours....
Sell since it shown "double top" on weekly and daily chart
4H and 1H timeframe show down trend
It gonna be long ride on it.
Apparently best time to sell since retracement worn out at this moment
thumb up if you agreed