Break or turn? — Cable just hit a visual support area. Let's see what happens next.

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Hope everybody had a great weekend. Here are a couple of early trades. First one is after cable meet support at Fridays low. It then made a higher swing low and a 76.4% retracement at the xx80 psyche level. Bought after price ...

Psych Levels, Pivots, and Trendlines - Resurrected

Signing off — Nice trade EV! Excellent candlesticks analysis as always. Got call it a day earlier today. Gonna go out. Good luck with your trades EV! See you tomorrow.

Psych Levels, Pivots, and Trendlines - Resurrected

Could have been a nice trade. I was looking at it but saw the potential resistance area above it formed by the falling TL and xx80 psycle level. I decided not to take it and just wait. If it breaks above the falling TL (as it has), I thought that ...

Psych Levels, Pivots, and Trendlines - Resurrected

Looks like the rising TL has been broken. Might be a good idea to see how price reacts at the rectangle's area, IF IT GETS THERE, since it's a confluence of the rising TL, falling TL and the xx80 psyche level. Edit: Wow! It cut through it like a hot ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Nice trade EV! Excellent timing on your exit. Took the same trade from 1.5573 down to 1.5543.

Psych Levels, Pivots, and Trendlines - Resurrected

Another continuation? — Looks like cable might meet resistance at the confluence of MS1 and the falling TL. Let's see what happens.

Psych Levels, Pivots, and Trendlines - Resurrected

Watch out for HSL on downtrends — Here's another fib trade that didn't quite got to my target. After cable met a resistance at the falling TL and made a gravestone doji candle and LSH. Sold after price crossed below the candle. Pulled the plug ...

Psych Levels, Pivots, and Trendlines - Resurrected

Another fib trade — Great trades Islander! Here's another fib trade. Cable met resistance and made a LSH at the confluence of the 61.8% retracement and psyche level-1.5650 just below the falling TL. Sold after price crossed below the lower ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Here are a couple of fib trades. After a rally, cable made a LSH and a 50% retracement. Sold after price crossed below the low of the inverted shooting star. Cable then formed a symmetrical triangle at M5 followed by a break ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trades Islander!

Psych Levels, Pivots, and Trendlines - Resurrected

Another one... — Here's another fib trade where cable made a 76.4% retracement, a hammer candle and a HSL. Bought after price crossed above the high of the 3rd candle in the higher swing low. TP was placed and hit just below the confluence of ...

Psych Levels, Pivots, and Trendlines - Resurrected

ABCD — Here's a small ABCD trade. Bought after price bounced on the broken falling TL making a HSL and a 38.2% retracement. TP was placed and hit just below a falling TL at the confluence with the xx20 psyche level.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one EV! Good morning to you too.

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Here's a trade based on a bounce off the confluence of the rising TL and psyche level-1.5700, where cable made a higher swing low and a hammer. TP was placed below the falling TL at the xx80 psyche level. Notice that although ...

Psych Levels, Pivots, and Trendlines - Resurrected

Have a nice weekend EV! See you next week.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade EV! Looks like we're on the same trade EV but different TF and analysis. .. I was looking at this as a higher swing low and a bounce off the rising TL. (sorry for the small chart, wanted to show the TL). Bought ...

Psych Levels, Pivots, and Trendlines - Resurrected

Just got back at my screen — Excellent analysis EV! Looked like a symmetrical triangle broke down in cable. It found a support at the psyche level-1.5700 then formed a hammer and might pull back. Let's see how this reacts with CP and the ...

Psych Levels, Pivots, and Trendlines - Resurrected

In an ideal Hammer candle we would usually see a long lower-shadow, with the body above the 50% of the candle without an upper-shadow (or a small upper shadow). In an ideal bullish piercing pattern, like on the chart below, if we negate the bullish ...

Psych Levels, Pivots, and Trendlines - Resurrected

BTW, using EV's Multiple Candle Blend Visualisation (good thing I remembered that), a bullish piercing candle formation which has 2 candles would be equivalent to a hammer. .. Am I right EV?

Psych Levels, Pivots, and Trendlines - Resurrected