Trade Idea

[trendLine_Trader]

shandy

i think we are experiencing a shift in channel on daily
more over, 4hr have strong confluences

1, head and shoulder
2. bullish gartley

[shandy]

No bullish trend line but the bearish trendline was broken and the market is now testing at support. This trade was taken base on support.

Ah yes, silly me!!

[shandy]

Welcome back Mike

Now now boys, no arguing.....

[DRA]

Will we see a bounce at this level?
The weekly chart is at a major support level we might get a short term bounce before a break through if any.

Daily chart is at an extension from the previous swing, the bullish engulfing bar on the daily signals a possible reversal.
Short entry taken at yesterdays daily close. Stop is place below the low, target 1.5900.

[DRA]

Daily chart showing reversal candle formation at support. Long entry taken on 4H chart. Stop place at the previous low, targeting the 127 fibs.

First half closed @ 1.6172, 157 pips gain. Stop move to break even.

[DRA]

Will we see a bounce at this level?
The weekly chart is at a major support level we might get a short term bounce before a break through if any.

Daily chart is at an extension from the previous swing, the bullish engulfing bar on the daily signals a possible reversal.
Short entry taken at yesterdays daily close. Stop is place below the low, target 1.5900.

Didn't have to wait long for this entry to profit. First half closed @1.5774, 171 pips gain. Stop move to b/e.

[kassydee1]

good job man, keep pipping

[poca]

looks like a good trade.

[nev]

Loving the clear concise entries and decent gains definitely encouraging stuff for a person trying to gain confidence for a strategy that's a little more long lived than the odd 20 pip intraday scalps

[DRA]

First half closed @ 1.6172, 157 pips gain. Stop move to break even.

Second half close @ 1.6287, 272 pips gain.