Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour...
Hi All,
Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon.
Be patient and ride the waves... StopLoss is...
I have noticed a Fake-out of the down trend line. This gives us an opportunity to go in and ride the wave down. I got in around 107.700 my Stop Loss is around 108.300 and so you can see on screen my Target is around 105.300.
Take your time, be patient and stay alert for the break of the Neckline.
We are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there...
USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!
Today price rised up on the Counter trend line, but didn't made a higher high. Price got rejected and now I suspect price to move lower and break the Counter trend line. I already opened my trade so for now I will just wait and see what happens.
Keep you posted!
Afgelopen week hebben we een flinke spike gezien in de prijs en ik verwacht een retracement terug naar een bekend S/R level van 0.85800. De eerste tekenen van een Counter trend zijn al zichtbaar, vandaar dat ik mijn trade al geplaatst heb. Mijn risico is zeer beperkt, want mijn StopLoss zit net boven de top van de LowerHigh @ 0.87200.
Heb geduld en let op de...
Price is up against some heavy resistance @1.63 and we can also see that Bearish momentum is increasing so I guess we will see a further decline in Price in the next few days. Crucial is a break of the trend line on the other hand if there is a break of the counter trend line I will close the trade manually. I hope my on screen analysis is clear but if not feel...
I have been keeping my eye on gold for a while now and I suspect that we will see a Retracement coming next week. The Counter Trend Line has been respected for more than two weeks now so it's just a matter of time before we will see a break of the Neckline.
Remember, Patience is Key!
In the image above you can clearly see a prime example of a double top which indicates a Reversal is coming. This pair is still in a Up Trend so I expect a short retracement down just like you see on the chart happend end June and July. The execution of this trade will take a view weeks I guess so a lot of patience is needed.
Price found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
On the daily chart we can clearly see a Higher High is been made. On the 4 hour chart we can see that price finds support @0.683, this could be a nice window of opportunity to get in a quick long trade to 0.691. For beginners who are new to Forex trading this is a nice setup to trade, very low risk if your trade size isn’t too big. You will see this setup unfold...
On the daily chart you can see a Up Trend started on December 2018. Price bounced up from the trend line last week, so I expect a move up at least touching the last Neckline @1.63. Today we will see if Price really found support @1.61. I already opened my trade with a SL @1.605 because Price could jump up very fast very soon.
I will just wait and see. Be patient...
Lets get back to the Markets I really know, Forex. I was waiting for this window of opportunity to come along. I opened my trade @1.103 and set a TP @1.093 SL @1.107 so we have a solid Risk/Reward-ratio.
We can clearly see resistance @1.107 and the overall Trend is still Down, so I expect Price to go down and find support @1.093 again. After that we will see if...
Normally I only trade Forex pairs and it has been a while since I last traded any indexes. But I was strolling through markets and saw this opportunity so I analyzed quick and opened a short trade @7216.
My quick analysis
The Market has reversed at the end of July and stayed in a Down Trend ever since. Now we can clearly see Resistance @7305 so that gives us...
Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line.
Just be patient and see what happens...
Price have shown a nice move back up through various resistance lines. Now we see a clear level of support @1.195 and I expect a move up to @1.212
Just be patient and let's see what happens.
Een paar dagen geleden is de "Neckline" gebroken en daarna heeft de prijs geen "Higher High" meer gemaakt. Dit geeft ons een indicatie dat de prijs verder zal zal gaan dalen. Wellicht een goed moment om een trade te plaatsen en te zien wat er gebeurd. Tenminste zou de prijs vandaag een "Lower Low" moeten maken.
