bullish idea, there's lots of space to the upside and plenty of orders to take off the initial news burst. as long as we move up follow the plan. if we move down, and only if you are not already in a position, i'd take smaller longs and add later only if it comes back to the initial idea. if price falls to the depths of hell, well, fine. just short the first pull...
Just a quick recap of what the market did and my thought process behind trades that I took.
Looking to get long the pound as the yen should continue to weaken.
Looks like a day trade or a small swing. Use risk management
looking for bullish price action on dollar yen after the lows of the year are liquidated. Always risk according to your plan
Looking for yen strength in all pairs. Mega risk off mode. Free money come take it
Check the chart. Pretty simple entry and pattern. Short stop below a bearish pattern forming on a lower timeframe
Price broken down strong and is now in a correction formation, look to limit short at the top or sell stop at the break of bottom
Like most Yen pairs we are seeing strength from our Japanese friend... Look for more movement down.
We've made some clear technical moves on the chart. I'm currently short the dollar. Look for good movement in Aussie, Silver, possibly CAD and Oil as well. If you're not already in I'd look for opportunity early in the next week's session.
We had a corrective structure up, with an impulse down followed by a correction sideways. Sell stops below the lows and wait for the break.
Currently looking for strength in USD pairs. Looking for weakness especially in NZD and AUD, along with Gold and Silver.
A few decent buy points here. You could buy now. You could buy on the breakout of the reverse head and shoulders. You could buy on the overall pattern breakout. F at $14 is probably your best risk option, although the reward for buying at such high probably is less than it is now. If you're a contrarian then shorting from the top of the current channel makes...
15 min time frame. green line is start of this week. Singular lines mean patterns only visible on smaller time frame, more lines mean you can see on 1hr, 4hr, etc. Circles are entries, the lone X down there is the one exit for the short. Maybe if I markup usdcad I'll see better timings for my entries....
look for the trendline to break to the bottom side to get traders in short then long at the local support area with a stop below the lowest wick.
We are now short biased on EURUSD. The dollar roared last week and if you didn't catch the last trade set up you missed out big! (shoulda followed me) But fear not, this weeks major move is starting to shape up. With no pressing news this week the trend should continue down. This setup as shown itself as a possibility. A small head and shoulders has appeared on...
Ever see price nearing a zone of interest and wonder when is the right time to get into a position? Try scaling in! Taking a few smaller positions as price moves into your area can allow you to get into a trade while managing risk along the way. This can help you to not miss moves by waiting too long AND to not overleverage by taking a large position too...
Price is slowly inching our direction shorts! Looking for downtrend to continue and first major pullback around 1.205