Retracement to 50 EMA - GBPUSD - Short ContinuationThere has been a retracement to the 50 EMA on the GBPUSD. Also, prices have retraced to the 50% Fib level. For a short entry, wait for a breakdown below the bullish corrective trendline. For an earlier signal, you can wait for a breakdown below the corresponding bullish corrective trendline on the Momentum as it usually precedes price breakouts. Happy Trading! :D
Exponential Moving Average (EMA)
NZD/USD downtrend developingHello,
NZD/USD downtrend taking shape, price is pulling back, will look for short position as soon as pull back momentum will decrease, probably rejecting 50 EMA and 0.382 fib, even though given the current acceleration I'd say it could even reach 0.5 or 0.618, while waiting for Fed's rate hike.
Either way keep your eyes peeled and be ready to get in the trend!
gbpjpy monitoring currently GBPJPY is near a key weekly SR level, I would remain bullish for intraday positions because the daily bearish block has been violated with a clear uptrend channel. Many confluences. Overall on the monthly this is bearish market but my inner trendline on the daily has been violated confirming my short term bullish perspective.
Furthermore, on the 4hour chart I would like to see if the breaker is respected or violated. If it is violated price would have to close outside of the 4 hour inner trendline and i would collect profit at 138. If the channel remains strong and weekly SR is violated i would buy pullbacks.
NZD/CAD Short on pullback Hello, a lot of pairs are curently pulling back from recent runs, giving us good opportunities to enter following the momentum. Waiting on NZD/CAD to reach 0.382 fib, which would coincide with 1H 200 EMA and daily 50 EMA with 20 EMA possibly crossing it.
Hope you liked this idea, wish you all good luck!
NZD/USD approaching support Currently have this pair on my watchlist for the upcoming week. Should price continue to move downward breaking the 200 EMA, I'll enter short beetween 0.70500 and 0.69600, coincident with the head and shoulders neckline, on a doji/pin bar candlestick. I will then consider to take profit / scale out around 0.6700 in case the upward-sloping trendline will provide strong support
Hope you liked the idea, wish you good luck!
USD/CAD Long after pullback Hey guys,
currently watching this pair, waiting for a pullback on the recent breakout. DXY at 100.00 resistance would suggest a temporary pause for USD rally. I will consider entering long should the price reach 0.618 Fibonacci level, also meeting the major trend line and possibly the 20 EMA.
Hope you enjoyed this, good luck and trade with care!
2017 the return of the BitcoinTo many people Bitcoin has died several times over. But Bitcoin doesn't really care about them, it's been trending strong for the last year. We have a nice setup in the making playing off of the long term trend. If you been waiting 580's may be an excellent entry. SL will be under 200EMA.
If 200 EMA fails, lower high confirmed and new lows will be tested.
Copper Long after pullbackHey guys,
this is my view about copper, I will wait for a pul back and price deceleration before entering long.
Depending on how price will behave around 2.4500 I will decide if entering straight away or, should it break 2.45000, I will wait for it to pullback to 2.28500.
As always, wish you good luck!
Bearish Setup on NZDUSD Weekly ChartA current short setup with the NZDUSD with a bearish engulfing pattern on the weekly chart following the previous shooting star pinbar on the weekly chart. These have strong confluence as they are at the 50% fibo retracement level and also at or below the 200EMA. As a speculator, I speculate we will see this return to or go near to the previous low of 0.6200.
USDCAD bearish currently in trade Last weeks weekly low has been touched and there is no sign of price going any further then that level apart from the last big wick.
Enough bullish liquidity has been created along with tons of accumulation giving us enough juice to short towards the DAILY SR.
Price is touching 20 EMA so should retrace.
daily and weekly bullish blocks have been violated whilst last weeks lows are being respected.
EURUSD Close below 50EMA (Trade Idea)EUR/USD Short Idea just less than 1h till close of 4H candlestick.
If 4H candle closes below 50EMA
Stop Order 3pips below low of the "Signal Candle"
Stop Loss 5-10 pips above of the "Signal Candle"
TP Previous Swing Low appx 200pips
PS Just and idea wait and see the price moving!
www.ibrokers.ee
EUR/AUD short bounce of 20 EMA Greetings traders!
Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area.
Hope you liked this idea, thanks for the support and good luck!
Copper headed to 2.26Hello traders!
As you probably noticed Copper broke out the asymmetrical triangle started back in June 2016, also crossing the 200 EMA. Given the strong momentum I think it's possible that price will raise higher and retest the previous swing high reaced in mid July. Of course there's a possibility of false breakout, in that case I think price will go back to meet the 50 EMA and bounce again or continue down to meet the lower side of the triangle.
Hope you liked this idea, wish you all happy trading!
EUR/CAD short setup Greetings traders!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.
Hope you liked the idea, thank you for your attention. Happy trading!
NZD/USD Short into bear channel Hello traders!
Currently watching NZD/USD; the previous trend was exhausted and abruptly reversed on 09/08/2016, crossed the 50 EMA on 10/04/2016, now possibly entering into a bear channel after rejecting the 20 EMA. Still waiting to enter as it's possible that price will move sideways; if that will not be the case I'll enter short setting a first t/p at 0.70 then see if a reversal patter will show, along with substantial deceleration.
Hope you like this idea, wish you all happy trading!