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The808trader

A Kicking Kangaroo? - AUD/USD Ichimoku Long Trade SetupThis pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on how that situation develops. With NFP also coming down the pike, we will need to be aware that it could affect things drastically as well based on the data that is released and how the market receives it. If we fail to break price structure resistance to our entry level, or if we break down lower out of the current consolidation area, this setup may become invalidated.
Long
by The808Trader
2
Kiwi Ready to Rise? - Ichimoku NZD/USD Long Trade SetupThis is the same setup as last week as we continue to watch this develop. We have formed a new higher lower but I still want to see that break of price structure resistance before I open a long position. There may be some volatility this week as more Trade War rhetoric is hashed out by the Trump administration. It may give us the push this setup needs to get a bullish breakout. If we can't break through that price structure resistance or if we break back down below our new price structure lower high, this setup may become invalidated.
Long
by The808Trader
1
Fear to Prevail? - Ichimoku Gold Long TradeGold has been finding some support and forming lower highs. As we progress into this upcoming next few weeks I am looking a bullish kumo breakout combined with a bullish kumo twist for a chance to get long. I've drawn out some target I'll aim for along the way should it progress the way I'm looking. We may get another push down to test tenken sen before the breakout so we'll need to watch that interaction closely. We also have a holiday on monday with memorial day and the PM of Britain has stepped down so we may see a jump right out of the gate ahead of thin liquidity and the uncertainty in the Brexit situation. If we fail to hold support or get the kumo breakout, this setup may become invalidated.
FX:XAUUSDLong
by The808Trader
2
Kiwi to Fight Back? - Ichimoku NZD/USDThis pair has been on a bearish for a long time and but it has finally made a move up and into the kumo. I am watching for what will probably be another drop and test of support then we can look for a kumo breakout. I am also waiting for the kumo twist to complete as a further sign that the kiwi may finally start to try and claw it's way back from these fresh lows. I've drawn out lots of targets to aim for should this actually get the bullish breakout and entry we're looking for. If we fail to get that move up or if support does not hold, this setup may become invalidated.
Long
by The808Trader
2
More Yen over GBP? - Ichimoku GBP/JPY Sell SetupI am going to keep this setup from last week, so if it looks familiar, it should! We've already hit our first partial take profit level and I am still keeping my bearish bias looking for more chances to get short. We can do that by waiting for a drawback for better sell near our original entry, or a break down lower below price structure. We have plenty of room to fall and with May resigning it may give us a big gap down over the weekend, so we will have to be really cautious with this one!
Short
by The808Trader
6
USD to Recover? - USD/JPY Ichimoku Long Trade SetupFor this pair we've gotten some mixed signals but overall it is trying to head back to bullish. This setup is going to take some time to validate so it's more of a futurecast vs something we can try to hop in right away. I need a couple more confirmations to help confirm this bullish bias include a bullish kumo twist and a bullish kumo breakout. We're still a little ways from that but I want to watch this one develop as the longer term bullish implications may carry us a ways if we get it. I've drawn my entry at a flat kumo area which signifies a significant level of support and resistance. An alternative entry if we fail to rise that high is to enter on a bullish kumo breakout where my stop loss currently is, so we'll have to watch to see how this progresses. If we can get those confirmations I'll look to get long, and I've drawn out my longer term target as well as some partial take profit levels to aim for along the way. If we fail to get my final confirmations or break through resistance, this setup may become invalidated.
Long
by The808Trader
1
Euro Weakness Still To Come? - Ichimoku EUR/USD Short Trade Our Bias has shifted to looking for bearish entries as this pair continues to decline. I am looking for a drawback entry and rejection at tenken sen to look for my short entry, but as an alternative we can also trade a break below current price structure. I've also drawn out some partial take profit levels along the way to aim for, should I find a good entry in the first place. If we fail to find a rejection at tenken sen, or fail to break below current price structure support, this setup may become invalidated. 
Short
by The808Trader
Yen to do the Pounding? - GBP/JPY Ichimoku Short Trade SwingThis pair has been trending pretty strongly in a bearish fashion and I am looking for some entry to get into a trend continuation move. I've sen this entry at a break of current price structure lows, but an alternative entry that would give us an even better risk to reward would be a drawback to and rejection at tenken sen or kijun sen. Either of those entries will be enough validation for me to get short. I've drawn out my longer term target as well as partial take profit levels to aim for along the way. If we fail to get the rejection or break price structure support, this setup may become invalidated. 
Short
by The808Trader
2
Continued GBP Weakness? - Ichimoku GBP/USD Short Trade SetupThis is the same setup from a week ago, but I am continuing to look for more entries as we try to break down price structure support. I entered off the setup last week but I will be locking in some profit if we continue to fall and continue to take additional small positions if it progresses down. I would issue a word of caution as we approach fractal levels and the flat kumo level to the left of price as those levels are typically tough to break through. If we fail to break that price structure or maintain this trend below the kumo, this setup may become invalidated.
Short
by The808Trader
1
Transition to a Stronger Yen? - USD/JPY Ichimoku Short TradeWe broke this pair down pretty well in the membership coaching call, so it may look a bit familiar if you were in the call. I am looking for a rise up near kijun sen and previous price structure to look for a sell opportunity. As an alternative, if we continue this bearish run right out of the gate at market open, we can look to sell at a break of price structure. It will be interesting to watch as this pair progresses with the increased FED talk about interest rate cuts. JPY and gold tend to be the go-to for investors looking for a safe haven during times of uncertainty, so we may see a slow migration to the Yen over the coming months. If we fail to get rejected or break support, this setup may become invalidated.
Short
by The808Trader
2
Euro to break support? - Ichimoku EUR/USD Long Trade SetupAfter being in a period of consolidation we're finally seeing an attempted move to the upside. I am looking for a slight drawback and support to hold for a chance to look for a long opportunity. As an alternative we can also wait for a break of our recent price structure high (which if you look left of price, you'll see we were rejected at previously as well). If we fail to get a good drawback and support candle for entry, or if we fail to break previous price structure resistance, this setup may become invalidated.
Long
by The808Trader
1
Silver to Shine? - Ichimoku Silver Long Trade SetupSilver has been slowly but steadily falling over the past two months or so but we have finally gotten a bit of a kick up here. We are close to a bullish TK cross as well. I am looking for a drop to support for a buy entry. I've drawn out some partial take profit levels and a medium term take profit level to aim for. This analysis does conform with fundamentals that silver is undervalued as well. What we have to be careful of is wanting the technical side to line up with the fundamentals, we need to be patient and let the market vet that out for us as we continue to look at the technicals for the shorter term outlooks. If we fail to get a drawback for a good long entry we could also consider a buy above the recent price structure highs. If either of those two scenarios play out, this setup may become invalidated. 
OANDA:XAGUSDLong
by The808Trader
More Aussie Weakness? - Ichimoku AUD/USD Sell Trade SetupWe caught the beautiful drop a couple weeks ago and we're going to look for more bearish entries as long as the market shows us our bearish confirmations. I am looking for a nice rejection at kijun sen for a chance to sell. Ideally we would see that right away, but news may push price around and this may end up becoming more of a sell stop entry later in the week. Either way, if I find a good sell entry I'll be aiming for our recent price structure lows, then even lower price structure lows from a couple months back. If we fail to hold at resistance or to break lower, this setup may become invalidated. 
Short
by The808Trader
Pound Strength To Continue? - Icimoku GBP/JPY Long Trade SetupThis pair made the bearish move we were looking for before finally finding some support and rising over the past week and a half or so. We went into the kumo, broke out, fell to test support, and have now started rising. I am looking for that similar drawback and testing of support for a chance to enter into a buy. I've set my entry level near the wicks of the previous resistance we saw. This is not a setup that I will be setting a limit order for, I will need to watch to make sure that we see support form at that price structure level before I dive into a new position. If we can form a good support candle there or show some good price interaction at that level I will get long, hoping for my long term swing target I've drawn out. I also have some partial take profit level I'll be aiming for, should I get a good entry. If we fail to get a good drawback, resistance doesn't hold, or we lose our bullish signs, this setup may become invalidated.
Long
by The808Trader
Kiwi Fighting Back? - Ichimoku GBP/NZD Sell SetupThe Kiwi finally started showing some bite last week as this pair dropped down and through the kumo. I am looking to see if that trend will now continue. I would like to see a re-test of the kumo and a good rejection to enter a sell. If we can get that drawback and sell entry then we still have some good price structure to aim for down below. If we fail to get a drawback for a good entry, we could alternatively enter below the recent price structure lows should we piece that level as well. If we fail to fulfill either of those scenarios, this setup may become invalidated.
Short
by The808Trader
Yen Making A Come Back? - Ichimoku USD/JPY Sell TradeThis pair had been in a consolidation zone for over a week (shown as the blue box) and we've finally broken out below it. I am now looking for a confirmed bearish kumo breakout to enter a sell. I've drawn my entry point at a flat area on the kumo that also lines up near the end of the wicks of the failed bearish moves we've already had. My longer term target was drawn out previous price structure and a flat kumo, as well as a kumo twist. If we fail to get the breakout or close below the flat kumo we want for entry, this setup may become invalidated.
Short
by The808Trader
Brexit Concerns Still Felt? - Ichimoku GBP/USD Sell SetupGBP/USD has continued it's bearish form with all the fundamentals working against it. Brexit concerns will continue to weigh on this pair until a final deal is made. I am looking to hop into this GBP weakness at a break of price structure lows for entry. I've drawn out some partial take profit levels to aim for a long the way as well as my longer term swing target I am looking for. If we break up above kijun sen, or our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
1
Sour Kiwi? - Ichimoku NZD/USD Short Trade SetupThe Kiwi has been in a nice bearish trend here and it looks to be holding. I am looking to hop in the bearish trend here for a continuation setup. There are two ways to enter this one but I've drawn the one that is waiting a little longer for confirmed moved down, which is where I've drawn out my trigger for entry. As an alternative we can watch for a drawback up to kijun sen and enter off if we see a rejection. This setup also comes after last week's bullish attempt was invalidated and failed. I've marked a longer term swing target as well as some partial profit levels to aim for a long the way if we get the breakdown we want. If we fail to break lower or end up breaking through to the upside, this setup may become invalidated. 
Short
by The808Trader
Back to safe waters? - Ichimoku GBP/JPY Short Trade SetupDespite being stuck in a relatively tight zone we have been rejected when attempting a longer term bullish trend. We're now sitting at tenken sen and getting rejected so far; a break down below price structure where I've placed my entry could lead to a nice bearish move, especially if we can break previous price structure lows. If you look to the left you'll see there are two main areas of price structure support I've drawn horizontal lines at. I've also drawn these lines to show partial take profit levels in the case this progresses as we have held those levels previously. If we fail to break those levels we will still have had good partial profit and the wort case scenario is that it retraces and takes the rest of the position out at break-even or slight profit. If we fail to get the drop below price structure at all, this setup may become invalidated.
Short
by The808Trader
Yen to Pound the Euro? - Ichimoku EUR/JPY Short Trade SetupLast week saw this pair finally hit some resistance before falling back down into the kumo. This is a sign that we are currently ranging between trends, and while we have some mixed signals we are looking more and more bearish. I am looking for a bearish breakout entry which will hopefully coincide with a bearish kumo twist for added confluence. I've drawn out a swing target I am aiming for as well as a few partial take profit levels I will aim for, should we get the drop we want. If we fail to drop lower or break back up near the top of the kumo, this setup may become invalidated.
Short
by The808Trader
Aussie Still Reigning? AUD/NZD Ichimoku Long Trade SetupThis pair has been on a beautiful bullish run and we are looking to get into it if our confirmations hold. So far this pair has been holding above tenken sen so I am looking for a slight drop to buy with a stop less set right below that tenken sen line. This one is tight enough that I am not specifically looking for a support candle, just a small drop to get long. As an alternative we can always place a buy entry above this current candle, just be aware that it would give us a slightly worse risk to reward ratio. If price fails to hold support or break higher, this setup may become invalidated. 
Long
by The808Trader
Pound Getting Relief? - GBP/JPY Ichimoku Long Trade SetupThis pair had a breakout last week before being rejected at previous price structure resistance. I am now looking to see if we can hold support at tenken sen or kijun sen for a chance enter a buy. We are maintaining mostly bullish confirmations right now including a recently completed bullish kumo twist. In order to look for a clean buy I really need to a see a good support candle form. Ideally it would have a wick that drops to touch the kumo or kijun sen, signifying that support will indeed hold. If we fail to hold support or show a clean entry, this setup may become invalidated.
Long
by The808Trader
Kiwi to gain some ground? - NZD/USD Ichimoku Long Trade SetupThis pair has held support and moved up in the kumo where price is currently ranging. I am looking for a bullish breakout to enter a long position. I've drawn out a swing target as well as partial take profit levels we can aim for along the way. This trade is currently a bit short on the confirmations I want to see to enter a buy so I am looking for some more bullish confirmations first. For those confirmations I would like to see a bullish kumo twist, a clear bullish TK cross, and a strong bullish breakout at my trigger line. If I can get those then I will buy and monitor as the trade progresses. If we fail to get some of those confirmations, price fails to break higher, or we get rejected, this setup may become invalidated. Patience will be key here!
Long
by The808Trader
1