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AUDUSD [1-3days view]1st Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 Short order was triggered yesterday after market pulled back to the descending trendline resistance (dotted line). Market however surpassed this line and seemed to be heading for a bullish breakout... However, it reacted just nicely below the resistance at 0.71852 (thick neon blue line) to form the right shoulder... despite the spike, my position was not taken out and I held onto it. Here we see that a head and shoulders patterned has formed. The right shoulder being classically lower than the left shoulder. Market is also now below 55 period EMA. Market then puked further making my position extremely profitable after one whole day of waiting. I moved my trailing stop lower to protect profits. My trade is now risk free and profitable. Will look to scale in to this trade when possible.
Short
by laughingchartist
GBPNZD [1-3 days view]Short GBPNZD Entry: 1.90535 SL: 1.91 TP: 1.855 Entry was triggered overnight due to the spike, which also coincided with the pullback towards the descending trendline resistance. Now market reacting below the descending trendline. Bearish divergence noted on 21 period RSI RSI also reacting below descending trendline resistance where market reacted in the past. Because of the quick move in my favour, i moved my trailing stop lower to protect profits and this trade is now risk free.
Short
by laughingchartist
AudChfA potential short opportunity on AudChf. Price has been sold off on the Daily time frame and hitting the next key support zone. What I will be looking for is some deceleration and slow down on the Daily chart along with the 4 hour. I would like to see a double bottom pattern form on the 4 hour chart for conformation of a reversal, along with a break and re-test of the 1 hour chart. Before looking to go long I would also like to see it line up with any fib zones for extra confirmation of a trend change. The more confluences the better!
Long
by mattmach
DXY Previous idea invalidated. POSSIBLE RETRACEMENT SETUP.My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks. Always remember that structure takes precedence over fundamentals. Fundamentals coincide with structure.
TVC:DXYShort
by marcopips
Basic Technical Analysis 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Basic Technical Analysis Interpreting the candlestick This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen that the vertical axis of the chart helps in providing information on the prices of the FOREX whereas the horizontal axis represents the time period. The green candles are the representation of the advances of the currency and the red candles, on the other hand, represents the decline in the value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical line represents the wick. This chart helps the investor to forecast the future price movement of the FOREX. Charting systems In the mind of a few people, charts are the exemplary image of the trader’s speciality. The experienced eye can make ups and down. Charting is a questionable piece of the fund. Future research is probably going to reveal things about outlining that would amaze people today. All things considered, even individuals who eagerly restrict the training are ought to be acquainted with the essential techniques of charting.
FOREXCOM:XAUUSDEducation
by SMPTrader
Weekly Analysis - NEO BTCHello guys I'm starting a weekly analysis on the top 10 marketcap cryptocurrencies, to stay updated and practice. Here is for NEOBTC. NEO is looking like it is about to bottom out, so it might be a great buy opportunity for a swing trade. However on the 4H chart we see a descending triangle which is a bearish sign. Also for such a rally like in december 2017 to happen, I would like to see volume going up more than that. So right now, I'd be patient untill we break out of this trangle, while keeping on eye on Volume. That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it :p Feel free to comment your opinion and thoughts ! ------------------------------------------------------------------------------------------------------------------------- My WebSite - Automated Strategies with Backtest and Alert Setup Accepting commissions : TradingView pinescript development, reverse engineering
by cyatophilum