How to Create no-fail support for Forex trades?
Down here you can see I want something like this and create a support fails support and then we go to the top to get the continuity, some formations like that would be perfect here, this kind of formation here would be what I’m looking for right, so this is yeah, this is The kind of formation I’m looking for where we create the support go back down and then close over the boom, this is the kind of thing I’m looking for to zoom in so you guys can see it a little better.
How to Create No-Fail Support in Forex Trades?
That’s what I’m looking for right because we have had a big push down here so it could end up turning into a downtrend and if this ends up if it were to sell off we would probably start selling below this 30-minute support and maybe below this box if I pull A box like this is where our cells are likely to come below here, so again we need a structure either way here we need a structure right in both cases we need either a structure to continue to the bottom where we’re trying to create support, and this is the support that we failed at.
When we buy, we don’t realize that failure, and then we go down to sell or we need support that doesn’t fail and then we buy once it’s proven to us that it doesn’t fail and we buy back into this resistance and we’re likely to continue here and we can start to see I mean we need to Staying above the 200 level here, the 200 level every time we stay above the 200 level, you can see that we find support and we end up going higher here, and when we eventually find support in the case of an uptrend once we start to fall below the 200 level, We usually see these big downward moves.
Trade Forex downtrend of the short-term market
You can see this is happening here, this one here didn’t get much of an extension but we ended up in a downtrend in the short term, and I didn’t get as much of an extension as these two iterations but what we can see is after we get back above we find support again Above 200 here is where our support goes back above 200 or something similar here is where we find support around the 200 level and then we get the next stretch so to be bullish I want us to stay above 200 here once we start to drop below 200 now.
this is where I’m starting to be more annoying but both ways as I said, we need some kind of uh we need some kind of structure here without structure it’s not happening we’re right because we need to see, we need to know what the price wants to It does it here, we are at the support. If the price wants to continue rising from here, we will see the previous support and we will see a retest, not a retest.
Why Should a pullback fail to exit a Forex trade?
But we’re going to see it pull back now so the pullback shouldn’t fail, and then we can see this uptrend if not, we’re going to see a continuation below the lows here, so, either way, this structure is going to give you a pivot point to play above or play below on the right and that’s what We need it at the moment, we can’t play above and play below because the move has already happened, and this move that happened near the bottom was your entry signal there as soon as we close below, the close was for one hour.
The 30-minute close was clean and simple for the sell-off here, so the move has been made, and now as we approach the chart, we have to understand that this move has already been made, so we continue to move forward for the theForex tradingLet’s take a look at what he was doingForex trading, or is it going to remove the graphics here, we start on the daily time frame, our daily is close to bullish I think yeah, so the daily candle close is still bullish within this range, and that’s a nice little bullish close of the candle even though it closes back within the range if we can Breaking the daily high, I expect us to at least retest the daily resistance, we will probably get a little bit of continuation above it just depends on us.
Grab liquidity while exiting the Forex market
If this were to happen, this would happen to be this being a liquidity grab, okay, you know, this would be a liquidity grab off the lows and then continuing to the upside up on the 4-hour time frame here we can see that we’re closing out that weak bearish here we have kind of What are these lower highs and lower lows, so we have to keep that in mind, we have to look at that, we have to keep that in mind uh with these lower highs and lower lows uh that’s the only concern here.
I think we’re technically mixing buys here, the buying ranges aren’t the best here as you can see, we’re buying this 4-hour resistance and things like that, yeah we have three 4-hour resistances in a row uh so they’re not the best ranges but from Possible to buy here for sell-offs, I think sell-offs will make sense below this previous 4 support that I marked which should remain 15 minutes, yeah if something gets below that, I feel like sell-offs will make sense H I think selling into the range So early, I want to see it press 4 reject our resistance and then we can sell into the range because then we retest our resistance, it will show us that the price is failing and then we can look for the wick to fill.
Summary
I think it would make more sense to see something like this, to sell in this range here and then we could look for sell-offs below the 47s here, realizing it’s a mixed bias, what is the 24-point range, yeah we could look at it something like this Like, you know, yeah, I think that would make more sense, I would like to see this kind of this push up a little bit of a retest and then we reject the right otherwise the selloff would make sense when we break out of this range here, it would make more sense so now for For purchases today For purchases.