Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...
USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance. I'm waiting for the Break & Close out of the Wedge on the 60min before I enter. Stops - 1 ATR Above the Breakdown Bar Target #1 - Measured move of the Wedge Target #2 - 78.6% Fib Retracement You can you also use just...
Here is a Bearish TCT setup on AUDUSD. I'm looking to get back in the direction of the overall trend which is bearish. There is also a POTENTIAL Bull Bat lurking down at the lower levels that we can keep our eye on. I took this @ Market. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext. This also lines up with a...
Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...
The Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
PRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC...
LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES...
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it,...