Forexeducation
gbpnzd long term sell#gbpnzd is currrently sitting near a weekly resistance of 1.94516 and is retesting the area. It had a clean break to the downside, is retesting, and if the ceiling holds, could mean months of bearish momentum. With the setup that i have made, it is about a 300 pip risk before the Stop loss and a 2,250 pip gain down to the previous low of 1.68607. I think if you are a long term swing trader this could be your money trade for the year.
Trading idea Gbpjpy h4 by theforexscalperTrading idea on gbpjpy h4 by theforexscalper, wait for confirmation.
eurjpy trend continuationim expecting the trend to continue bearish for this pair. Here we have a highly respected resistance line and after this exhaustion, i believe that pice will continue to the downside
nzdchf sell bearish engulfing daily this pair is dropping at least to the trend line. nice triple top!
gbpjpy clear channel trendgbpjpy is trending down inside a beautifully respected parallel channel. i'm expecting this trend to continue with the weak sterling and continue to the bottom half of the channel. finding suppoot around the 1.36 levels
nzdcad head and shouldersNZDcad has been in the process of completign the head and shoulders pattern for quite some time and i believe it is ready to make its drop. current price should hit its head and then fall down to .895 levels and below.
GBPCAD LONGSwing trade again here. The pound has been rallying and can also see break out of resistance. This has now been tested and confirmed to be the new support. long this with a tight stop and move stop with every new swing created.
GBPUSD Swing tradeHere can see a retracement after a rally. Found support again after a profit take a looking like it will go long.
AUDNZD ShortThis pair is often in a range so this is a prefect trade to take. Can see support has held again and closed below. Quick Support and resistance trade.
EURJPY [Monthly] Are we going to see 115 ?Jpy begins 2019 with a boost, negative sentiment dominates but from the perspective of this high TF ( monthly chart ) I would avoid price chasing. Would prefer to fade the rally towards 127,50ish
USDJPY [Intraday] Sell rallies towards 113,50 ?Better sentiment at the begining of the week ? If so we may see rally towards 113,50 and we would like to sell into that rally.
Education post 22/100 – How to trade with the trend?Check our post how to draw HH, HL, LL, LH and then compare with trend line. You will get very good trend presentation.
For confirmation also add MA 21 and EMA 8 indicators and check if the ema's crossed.
Check the example above to see the 3000 Pips trend move.
EURJPY [Intraday] Looking to sell rallies 128,60/80looking to sell rallies towards 128,60/80 with 127,60/126,20 and 125 as possible targets
Education post 19/100 – How to trade With Moving Averages?There are no trading strategies that will generate a profit every single time, but there are some really basic strategies that can produce some pretty good results.
The Key to Success
What you are basically trying to do is identify pairs that are in strong trends on two longer time frames, and then enter a position when you get an EMA crossover in the same direction on one of the shorter time frames because this is an example of a high probability trade.
This is a lot more profitable than sticking to a single time frame, and is a strategy that many people, including myself, use to generate profits on a regular basis.
Exit Strategies
With regards to exit strategies, you have many options. One option is to run the position until the EMAs cross back in the other direction, ie when the trend runs to its conclusion, which can sometimes yield huge returns, but another option is to look to make a certain number of pips per trade, and move your stop loss to break-even as soon as it is in profit, which is another good strategy.
Final Thoughts
The point is that there are many ways that you can profit from the EMA crossover strategy, and the great thing is that you only really need to use two simple technical indicators.
You don’t need to stick to the 5 and 20-period settings either because you may find that you get equally good results from using a 10 and 20-period EMA crossover strategy instead.
Similarly, if you take a long-term view, the golden cross (upward crossover) and death cross (downward crossover) of the 50 and 200-day EMAs can be even more profitable if you wait for a pull-back and enter at the right time because the resulting price moves can be thousands of pips.
NZDUSD Range?The entrancement came right back into the range thereby putting the buy on hold and looking at possible sells within the range
EurJpy Short Downward channelNice lower highs and lower lows in downward channel
if price action suggests, could be nice short in this asian session
no news so pure technical trading tonight
EURUSD [Intraday] 1,13 ... Where from here ?We were correct last time when we expected 1,12 to hold ( check it here )
Are bulls strong enough to hold 1,13 this time ?
If yes we may see rally twds 1,1500/50.
On the other hand break and daily close below may expose 1,1200/1180 and even 1,10.
All in all 1,13 is key not only from intraday but med term perspective ( in our opinion )
FTR AUD ShortMultiple entry points on audusd this morning with the fail to return candle stick pattern (highlighted in yellow circle)
Nice downward momentum coming off a double top paired with dollar push today
EURAUD [Daily] Buyers below 1,56 & sellers around 1,59Short term bulls may try to find support right below 1,56 and if thats the case rise towards 1,59 will be possible.
So, we are looking for rejection below 1,56 on a smaller TF.
Also, We would like to use eventual rally as selling opportunity.
Will update ( if possible )
