Technical Analysis
2.1 Chart Setup
2.1.1 Timeframes
Daily (D1): Determine the overall trend.
H4: Identify key zones (demand/supply) and levels for setups.
H1: Find precise entries and confirm momentum.
M15/M5: Use for scalping or refining entries.
2.1.2 Indicators
Demand and Supply Zones: Mark areas of high buying and selling pressure.
Fibonacci Retracement: Identify key retracement levels (50%, 61.8%).
50 EMA: Confirm trend direction.
Trendlines: Dynamic support and resistance.
Range Detector: Identify consolidations and breakouts.
2.2 Trading Rules for BUY
2.2.1 Primary Condition
Price must be above the 50 EMA on H4 or D1.
Price should approach a demand zone.
2.2.2 Entry Confirmation
Look for bullish candlestick patterns like:
Bullish engulfing
Hammer
Morning star
Ensure confluence with Fibonacci retracement (50%, 61.8%).
2.2.3 Additional Confluences
Weak USD on the currency meter.
Risk-off sentiment (e.g., geopolitical tension).
2.2.4 Entry Strategy
Place buy orders near demand zones or Fibonacci levels.
Use pending orders slightly above bullish patterns.
2.2.5 Stop-Loss
Below the demand zone or swing low with a buffer of 10-20 pips.
2.2.6 Take-Profit
First Target: Nearest resistance level.
Second Target: 1.618 Fibonacci extension level.
2.3 Trading Rules for SELL
2.3.1 Primary Condition
Price must be below the 50 EMA on H4 or D1.
Price should approach a supply zone.
2.3.2 Entry Confirmation
Look for bearish candlestick patterns like:
Bearish engulfing
Shooting star
Evening star
Ensure confluence with Fibonacci retracement (50%, 61.8%).
2.3.3 Additional Confluences
Strong USD on the currency meter.
Risk-on sentiment (e.g., rising equities).
2.3.4 Entry Strategy
Place sell orders near supply zones or Fibonacci levels.
Use pending orders slightly below bearish patterns.
2.3.5 Stop-Loss
Above the supply zone or swing high with a buffer of 10-20 pips.
2.3.6 Take-Profit
First Target: Nearest support level.
Second Target: 1.618 Fibonacci extension level.
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