sam3five

sam3five

supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.supply and demand rules.

sam3five

The highlighted area is a reversal pattern in the 5 minute time frame so my tp is to the previous lower high.

sam3five

We are going long till the marked resistance area.My reasoning is the distruption of the previous double top which didnt complete...meaning the downward trend came to an end.My stoploss is based on the last point that was reached before the trend was disrupted.

sam3five

were in a bullish market structure and we are going up till the next higher high

sam3five

after breaking a resistance and using it as support we are going up to the next resistance level

sam3five

go short

sam3five

GO SHORT

sam3five

WE ARE GOING TO THE NEXT RESISTANCE

sam3five

MULTIPLETIMEFRAME ANALYSIS

sam3five

GO SHORT NOW

sam3five

I AM EXPECTING THE TREND TO GO SHORT TILL THE PREVIOUS LOWERLOW WHICH CAN BE SEEN IN THE DAILY TIMEFRAME.THAT IS WHERE I HAVE DRAWN THE GREEN TRENDLINE.

sam3five

THE TREND BREAKAGE INDICATES THE PULLBACK IS OVER...SO WE GO SHORT TILL THE PREVIOUS LOWER LOW...WE CAN ALSO SEE THERE IS A CHART FORMATION OF A DOUBLETOP

sam3five

IF THE PRICE GETS TO THE GREEN TRENDLINE I HAVE DRAWN I AM LOOKING FOR A SELL TILL I HIT THE LEVEL I HAVE SET

sam3five

GO SHORT

sam3five

GO SHORT.ITS COMING BACK FROM A PULLBACK AND IT MUST CLOSE BELOW THE PREVIOUS LOWER LOW TO FORM ANOTHER LOWER LOW

sam3five

GO LONG FOR SURE

sam3five

PREVIOUS RESISTANCE LEVEL NOW ACTING AS THE SUPPORT LEVEL.GO LONG TILL THE TREND REACHES THE NEXT RESISTANCE LEVEL

sam3five

GO LONG