( +130 x 2) week11 CADJPY h1 1234 pennant continuation pattern momentum trade

MN

very nice big picture with a decade head and shoulders. Undeniable resistance level.

week11 CADJPY mn hns rs 1234 140314

D1

On D1, the resultant test of the ultra resistance level caused a massive move down, forming

a d1 1234 . A tx h4 1234 then retest the d1 13TL.
Shorted at a h1 1234 pennant type of continuation pattern.

Unfortunately , could not rate this A trade as did not find a key level to short from.

week11 CADJPY D1 13TL retest via h4 1234 140314

h1

this is how i entered on h1. I acknowledged that this type of trade may see profit fastest as it is with the “now” moementum.

week11 CADJPY h1 1234 momentum trade 140314

updated 150314

+130 moving with the momentum with big picture in mind. quick profit exit. at 13TL

week11 CADJPY h4 +130 150314

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s