Short on Aud/Nzd SELL SELL SELL !!!Reaons for
-Firstly we are forming a triangle
-We have just bounced of the trend line with a bearish engulfing
-Also a bearish hammer has been put in place
-We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again
Price action leaves clue in structure :)
If we go to the daily Timeframe we can see
-Lots of long wicks to the upside suggesting more selling pressure
-Price bouncing of trend line acting as Res
This setup aint the best simply because we prefer setups that include breaks of trendlines or triangle formations etc
but it will do as theres not alot going on in the market and lots of news about
altho its a good setup just not as many confluences we would like
our entry 1.07731
Happy trading :)
Winning
Long on EUR/GBP BUY BUY BUY !!!Reasons for
- We are clearly up trending
- We are putting in higher highs and lower highs
- We are getting nice swing highs and structure
- Previous 4 hour candle was a bullish hammer (Bullish candle)
- We have nice long wicks to the downside which signals more buying power
- We are above key level of 0.75000
Daily
- We put in a huge Bullish engulfing last week Friday
- Today we are forming a bullish hammer of the Daily candle
- We are riding the trend which is bullish
- Remember the trend is you're friend
weekly
- We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see
- on the weekly we cleared major level off 0.75000
Long on EUR/USD BUY BUY BUY !!!Reasons for
1.Price has been stuck in box range for a few weeks now
2. 1.08000 Level is a strong level of support as the past has shown
3. Price has put in a bullish hammer and a bullish engulfing
4 .Price also put in a sign of reversal with a tweezer bottom
5. All these signs signify a reversal and possibly momentum to the upside
AUD/USD: Tradetostart WEEK 7 I am back with more analysis.
Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly.
U can find the other "tradetostart's" on my instagram : FXB_Buddy
Check it out! The link to my website is also on there.
SHORTING EURGBP AT RESISTANCE, FIBONACCI LEVEL AND "BROKEN FANG"The EURGBP0.18% has multiple times had trouble with the dashed blue line (both now and in the past, go the the 4hr chart!) but has recently broken through it and is now coming back up. We look to short it when it comes back into the 0.7155s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs.
We are also in an obvious downtrend on this pair as can be seen on the pink lines indicating lower highs.
Our stops go above the resistance level and I'm hoping to catch a 1:3 on this one as price should come back down to at least 0.7126. Moving my stops to breakeven when price hits 2/3 of profit.
Good luck everyone and as usual, hold your thumbs!
$GOLD Short Opportunity. Im looking to short gold below the 1178 support level. This will be an attempt to catch price action fall to the 61.8% Fibonacci Retracement level which is at 1164.70. A failure of this Fibonacci Support level to hold will see a drop lower to the 76.4% Fibonacci support level of 1157.83.
My stop loss will be placed above 1196.
We are currently stuck in a range of 1182.68 and 1193.79. We need to break out of this range and I want to catch a ride to the downside.
Have fun and enjoy.