Simple
USD/JPY LONG?
Here we have a possible BUY trade @ 111.820 setting up. We are still in a bullish market for now as long as we are above my Breach Line. We see BUYERS came back into the market very strongly @ 111.770. We will be looking to take this trade to 112.780 and analyze price movement at this threshold. If we can't get a breach look out for a major reversal Daily Breach @ 111.385. #SIMPLETRADING
USD/JPY Long Very Simple TradeA clear uptrend on the hourly chart and a simple long position hoping to reach resistance line!
Falling wedge 6:1 RRExpecting the 3rd touch to wedges bottom to be bounce up and after that finally a break above trend line to retest highs. Rectangle represents daily supply zone , where smart money has buy orders. CPI at Thursday should fundamentally support this idea.
Enough talking, trading is simple manage your money and risk.
Trendline and resistance levelYou really cant ignore the strength of this set up, candles are at both a TL and resistance level, so to me this looks like a very clear short oportunity.
Sell Idea on goldPotential sell setup on GOLD. The only thing to be cautious about is that GOLD is in an uptrend on the daily. The DXY (Dollar Index) is also in consolidation on the Daily so we very well could see GOLD rise.
$DNA entry/exitDNA displaying a popular window of opportunity in the December period.
R: @0.098
S: @0.089 (conservative, last 4 hours of trade prior 31/12 close)
Volume still attractive.
RSI above 35 (however, capping at 70 showing overbought signals).
Conservative Strategy:
Proposed re-entry: @0.080
Proposed exit: @0.090
SL: 0.076
Aggressive Strategy:
Proposed re-entry: @0.085
Proposed exit: @0.095
SL: 0.082
EUR/USD - Long If price pulls back into the new zone I have a order set 5 pips above to ensure entry
Target Zone is a fresh zone on the 4hrs chart
The trend is your friend until the end!!We're in an uptrend on the USDCAD 4 hour currently, but are starting to reach key resistance levels.
That said - stay long until the 4 hour is properly broken and then its time for the down trend to start!!
Any trades for me will simply be in a reaction to price movement.
CDNAShort and simple pattern coming up here, 5-7% gain and with how the stock market has been I may just take it, hopefully I see a small pullback to confirm and get in on it.
SAIL upsideUpside potential is very eminent, I'm a simple man, I like my donuts glazed, my meats fully cooked, and a simple trading pattern it may be a bit early to tell but keep this on the look out, 6-10% gains
BAT Short triggeredThe market reversed since our last BAT trade, where we took good profits on the long and were looking to possibly re-enter long.. However, the indicator signalled a short setup, which triggered us into a short a few candles ago. We now have extreme overextension signals, and we're nearing and nearing a support area. Because of these two things I moved my stop to at least break-even. According to the strategy I'll move the stop down further as new signals are printed, or when a reversal candle appears.
We made good profit on the up move (see our previous BAT trade idea of how we played that), and now let's see what the market does for us.
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Stay calm, and happy trading!
Not bullish on BTC (yet..?) - Still on a daily short setupThe alt coin markets have been moving nicely, but BTC still is stuck on its short setup. This can of course change, but at the moment we’re still looking short. We’ll have to wait and see what tomorrow candle brings us, we might get triggered short if the breakout level is broken, or the short setup may be invalidated.
4HR
The 4HR triggered long at (1), reinforced position at (2) and got stopped out at (3) with a tiny 1.7% profit. Trading the 4HR chart you should not be in a trade, and either wait for the daily short to trigger, or take the 4HR long breakout (4).
If you want to try the indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
STRATBTC Bankroll Wizardry idea no.7Breakout out of descending triangle
OBV showing more buying pressure then selling as of late
strong horizontal support
Those who went long BTC? roflBTC Double tweezer top, and RSI losing strength signifies incoming DIP.
Lets see if BTC can hold on to 6.5k and lower 6k range.
Needs to break out 7k range decisively else..... IMO a bull trapSmall break out, low volume. might be a bull trap. lets wait and see. RSI shows that its overbought ( 4hourly )
Unless can make it to 0.5, $7275 range with conviction.
Original count still remains to fall to lower 5k range.
