Gap A difference between the previous period's close price and the next period's open price. Even after 12 years of trading I still have the same passion for the market as at the beginning.
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In our opinion, this is just a great opportunity for sales. Yes, technically, there is an uptrend in the dynamics of oil, and market sentiment is in favor of purchases, but these are all temporary phenomena and we will further explain why. Let's start with the reasons for the current growth. A potential unified gartley is near completion.
A high probability of price to decline after the sell zone is hit. Price is close to 3 strong resistances: Besides RSI is at overbought 79 level. Thus, waiting a local correction in a couple days.. Most of the time, when exchange rate broke such key levels, it moves far higher, because big players need a lot of efforts to break such levels.
It needs a lot of volume. They do it for profit, that's why they will move it up. Safe entry with little risk and High reword, we can open after Watch top for sell and add more on lower time frame once you see continuation patterns.
Follow me on lower time frame for updates on lower time frame. For support give likes, comment on this trade setups and follow for more trade setups thanks. I think its gonna be modeling of first Arrow mentioned in the chart when the price come back on the trend line its time for a short term long because of not finishing the time of modeling be awake: Given that technical indicator on both the daily and the weekly time frames still remain bullish, it is likely that the pair continues trading in the one month ascending channel within the coming In volumes window look for the period of low activity.
This will be represented by low volume for prolonged period of time, coupled with EMA lined from slowest at the top to the fastest at the bottom. Signal always comes with growing activity represented by increase in volume and complete reversal of moving average position to each other.
Signal comes once all of the EMAs are aligned from fastest at the top to slowest at the bottom. Price will close above upper envelopes line. We enter the trade once all this conditions are met. Stop loss is placed below bottom envelopes line. We will exit the trade in profit once it closes back under the upper envelopes line.
Price will close below the bottom envelopes line. Stop loss is placed above upper envelopes line. Price will close below bottom envelopes line. We will exit the trade in profit once it closes back above the bottom envelopes line. This type of trading requires some skill. This situations in forex are often somehow messy and trader needs to react quick and be able to adapt his position to market situation. Profit should be taken quick, and especially in volatile market.
For example this could be both profitable and losing position, depending on traders' ability to recognize growing volatility fast and being able to exit the trade at top of the spike, instead of being greedy and waiting for volatile trade to develop further. Full time trader and web developer since My two biggest hobbies are trading and web development. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most: We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing.
We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market.