EURUSD's daily candle closed above the 5 EMA on Friday, August 11th. Therefore, I think it will close above the 5 EMA again. I will use fibs and fib extensions for order placement. Fib extensions range betwwen -4.236 and 4.236. Each fib line will contain 2 trades. One trade will have a 20 pip stop and a 60 pip take profit target. The second trade will have a...
Candlesticks analysis on the daily time frame suggests that this pair may want to go up for at least the next few days.
I am bullish EURTRY for Friday 8/11 because yesterday's daily candle closed above the 5 EMA after having previous candles close beneath it. This pair has an enormous spread and thus I will not be trading it! However, I think it will go up!
AUDCAD closed above the 5 EMA after closing below for one day. Therefore, I am buying today, Friday 8/11/2017 only. I will be placing buy orders at each fib and fib extension level between 4.236 and -4.236. Each trade consists of a 20 pip stop and a 60 pip take profit target.
The daily candle closed below the 5 EMA on Wednesday August 9th 2017. I expect price to close below the 5 EMA again. Therefore, I'm selling for the day Thursday August 10th, 2017. I am selling between 1.20 and 1.145 for today only. I will be using fib retracement levels as entry points. The fib is derived from Wednesday's range and the levels extend all the way...
The daily candle closed below the 5 EMA on Tuesday August 8th 2017. I expect price to close below the 5 EMA again. Therefore, I'm selling for the day Wednesday August 9th, 2017. I am selling between 1.22 and 1.135 for today only. I will be using fib retracement levels as entry points. The fib is derived from Friday's range and the levels extend all the way to...
The daily EURUSD candle closed below the 5 EMA on Monday August 7th 2017. I expect price to close below the 5 EMA again. Therefore, I'm selling for the day. I am selling between 1.195 and 1.162 for today only. I will be using fib retracement levels as entry points. The fib is derived from Friday's range and the levels extend all the way to 4.236 and -4.236....
The daily EURUSD candle closed below the 5 EMA on Friday August 4th 2017. I expect price to close below the 5 EMA again. Therefore, I'm selling for the day. I am selling between 1.24 and 1.12 for today only. I will be using fib retracement levels as entry points. The fib is derived from Friday's range and the levels extend all the way to 4.236 and -4.236. Each...
Monthly candle analysis suggests that USDJPY could stay below the 5 EMA. Therefore, I'll be looking for bearish signals on the daily time frame for this pair. If a signal is generated, then I'll look to make entry on the 15 minute chart during London. I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
Monthly candle analysis suggests that NZDCAD could stay below the 5 EMA for the month of August. Therefore, I'll be looking for bearish signals on the daily time frame for this pair. If a signal is generated, then I'll look to make entry on the 15 minute chart during London. I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
Monthly candle analysis suggests that CHFJPY could stay below the 5 EMA this month. Therefore, I'll be looking for bearish signals on the daily time frame for this pair. If a signal is generated, then I'll look to make entry on the 15 minute chart during London. I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
Monthly candle analysis suggests that AUDNZD could stay above the 5 EMA this month. Therefore, I'll be looking for bullish signals on the daily time frame for this pair. If a signal is generated, then I'll look to make entry on the 15 minute chart during London. I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
Daily candle analysis suggests that GBPNOK is ready to make a move lower. I will be accumulating short entries on the 15 minute time frame. 10 pip stops, 50 pip take profits for each entry.
Monthly candle analysis suggests GBPCHF could make a move up. Why would GBPCHF move up when GBP is economically weak? I don't know. However, the chart suggests that it MAY happen. Therefore, I will be looking for long signals on the daily time frame. If I get a signal on the daily, then I'll move the 15 minute and try to make entry during London.
Monthly candle analysis suggests EURNOK may move lower. This together with Brexit turmoil and economic instability in the world will help propel this pair down. This instrument is now on my watch list for the month of August. I'll be looking for short signals on the daily time frame. Once I get a signal I will attempt to make entry on the 15 minute chart during London.
Monthly candle analysis suggests that this market may move lower this month. This is due to how price behaved around the 5 EMA in July as well as economic uncertainty keeping GBP weak. This pair is now on my watch list for the month of August. I'll be watching the daily time frame for short signals. Once I get a signal on the daily, I'll move down to the 15...
If price closes above the 5 EMA, then I expect it to do it again. With that being said, EURUSD closed above the 5 EMA on the daily time frame. This suggests a continuation of bullish moves for Thursday 8/3. Therefore, I will be looking for long entries within the support of market structures as well as price action around the 5 EMA on the 15 minute time...
USDCAD closed above the daily 5 EMA suggesting a bull market may be beginning. I will be looking for buy opportunities on the 15 minute time frame. Support levels within the market structure together with the 5 EMA will be target entry points. I am risking ~0.0075% of my account value to gain ~2.5% per trade, if trades hit take profit targets. Stop loss...