NZDUSD BUYThe price has just broken a strong bearish trend line and this bullish formation broke its previous resistance and is trying to set it up as a floor, since its new floor is also at a fibo level
Simple
EURUSDDouble top formed, and price is resisting the area marked orange. I do believe there will be one more bounce at the bottom of the trend line so take profit could be set lower.
Keep it simple and be one step ahead.
GBPUSD LongTrendline has been touched again, further news will be manipulated in order to reach the selloff zone (marked orange). Nice simple low risk trade.
Be one step ahead.
Keep it simple.
Dollar Bearish
Monthly chart shows the completion of a right shoulder. Bearish momentum starting now.
USDCAD 4HR SHORT TERM PROJECTIONPrice chopping around a few key levels, USD high impact news announcements coming in tomorrow. Will be watching while keeping a close eye on the dollar index. Short-term view remains long, as of now.
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
