Lets see how this pans out image

EUR/USD 5min - Trendlines and Pivots

I can now see 3 ways to interpret this channel now which is not a good sign. It would have to be a break of the lowest channel trend line which would leave approx 20 pips to S1. Still 'expecting' a break down, if it breaks up again then I will have ...

EUR/USD 5min - Trendlines and Pivots

Expecting a pull back at the pivot but sitting on the side lines at the moment. image

EUR/USD 5min - Trendlines and Pivots

Poor short entry - wait for close next time! image This pattern is also a bearish wedge, which combined with negative divergence points to a break down at some point.

EUR/USD 5min - Trendlines and Pivots

-12. Broke my own rules - it wasn't a disciplined entry as the candle didn't close below the line.

EUR/USD 5min - Trendlines and Pivots

Short at 63 with a 12 pip stop.

EUR/USD 5min - Trendlines and Pivots

Looking for a short on the break of this trend line.

EUR/USD 5min - Trendlines and Pivots

Here's how the Euro looked for me today. I took the first entry on my live account and observed the second. I use pivot points to inform exits. The first is a break above the trend line in the morning which I entered long on the retrace. First ...

Trendline Break (The Only System You Need)

Here is a great example of exactly the kind of trade I like taking, I had half an eye on it but no desire to take further trades after banking 25 pips. You can see these breakouts before they occur. The price action fails to make convincing new ...

EUR/USD 5min - Trendlines and Pivots

This is some move - I would be surprised if we didn't make it to 1.3937 now but I closed at 1.3920. I know what happens when you get greedy and leave that much on the table, you get punished for it. Looking a bit like a reversal candle too. +25.5 ...

EUR/USD 5min - Trendlines and Pivots

OK first entry was expecting a bounce from the upper trend line and WPV. It needed a clean bounce, a break through would have been bad news so I acted fast and managed to get out with -4. A break instantly triggers a break out trade so it was ...

EUR/USD 5min - Trendlines and Pivots

Stop on second lot moved up to 90 to lock in 10 pips.

EUR/USD 5min - Trendlines and Pivots

Great break out! Half closed at 1.39 with the rest targeting 1.3936

EUR/USD 5min - Trendlines and Pivots

Stop at breakeven, will close half at 1.39 if we get there, the rest can ride to the DPV.

EUR/USD 5min - Trendlines and Pivots

OK, long slightly early at 80.

EUR/USD 5min - Trendlines and Pivots

Will go long if it retraces to the upper trend line, 78ish, with a 12 pip stop.

EUR/USD 5min - Trendlines and Pivots

Stopped out manually - 4. Looking to reverse long.

EUR/USD 5min - Trendlines and Pivots

Short at 76, 10 pip stop.

EUR/USD 5min - Trendlines and Pivots

Chart. Waiting for a break out. I don't take shorts from descending channels so it would have to be a break up for this . image I would consider a short from the upper trend line and the WPV. 1.3876ish.

EUR/USD 5min - Trendlines and Pivots

There's the break up. I would typically wait for a close of this 5 min candle, look to get in as close to 1.3924 as possible, with a 12 pip SL and a target of 1.3948 (WmR1) That would be a RR of 1:2 so quite acceptable.

EUR/USD 5min - Trendlines and Pivots