CromerKing

CromerKing

Really like the idea of shorts on this pair for a number of reasons, well 2 mostly! Firstly we're back up at the top of a descending channel and this pair has been falling for a long long time. And more perhaps more importantly is that the consecutive bullish candle count has never been this high since 1993 - it doesn't happen often and when it does it falls over....

02:53

CromerKing Updated 

As per the video I think EURCHF is at a good place with great RR to enter some short positions. For months the trend has been downwards and I'm hoping to catch that trend again down to the next point.

03:27

CromerKing

As per the video idea price action is at a perfect place to sell, great risk reward. we've seen some lower highs and we are at a place now where it could sell off again.

CromerKing

As per my longer term EURJPY video idea last week I have now entered short waiting for the 73% fib to be hit which is my preferred level on retracements. It's a longer term trade so need to let it play out

01:41

CromerKing Updated 

As per the video entries around now or next week looking to hold on to the short for a while stops where you're comfortable but great risk reward.

02:00

CromerKing Updated 

Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.

04:35

CromerKing

As per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.

02:48

CromerKing

As per the video we're at a point for a long entry on the next leg up then we wait for breakout situation. Price action has till now respected the dynamic trendlines. OK risk reward, maybe worth waiting to see if price dips down into the dynamic support zone, depends on your rules of course.

CromerKing

I've been tracking the selling of this pair for some time and I think it's time for a correction. Yesterday we saw a big sell off presumably to clear out some stops which lead to buyers coming in and an interesting daily candle close. That's just the story but if you're looking for technical evidence it's lining up nicely with the parallel dynamic...

CromerKing

For a longer term trade this has buy and hold written all over it. Firstly look at the pattern repeat (green ellipses) as buyers take positions and build. Then look at the last two weekly candles. In addition if you go down to a 4hr chart you'll see how today it's nicely pulled back to touch the trendline it broke out of last week. As for targets I'm looking for...

CromerKing

I have 2 strategies one is the 73% fibo and the other is trendlines with similar rules. Sometimes you can be closed out of one only for the other to become valid and rules are rules, you need to take the trade. So here we go long for a 7-1 RR ratio back up to the 38.2% retrace. Most likely if it comes good I'll take some off and let the rest run up. I'm long now...

CromerKing

Buy low sell high the saying goes and what a great opportunity on this pair for just that. Plus meeting the rules for entry on a geometric trendline and fibo zone notably my preferred 73-78.6 for a nice correction long on the daily chart. Great risk reward on this one, that's what we like.

CromerKing

We've seen a break of the downward trendline and now we've had a retarcement into the 73% zone, my preferred area to go long. This is a perfect set up for me to go long and a great risk-reward to the 38.2% fibo retracement line of the downward leg. Potential for this to go further.

CromerKing

With a few hours to go it looks like we have an indecisive weekly close in the form of a Doji candle. In addition during the week my eyes spotted this Gartley advanced pattern which whilst not something I really trade any more I will note it. A chance to go long at the open on Monday if the weekly candle close still stands with a great RR and a longer term play.

CromerKing

Short this pair based on lower high and the trendline. Simple fade short trade down to make a new low. Today's candle must close bearish for it to be a goer.

CromerKing

Simple high risk reward trade off the dynamic lows and a previously untouched area of support. This trade could well turn into a nice swing trade if we see a break out of the downward wedge but can look at that if it happens. If I get a close today on the daily below the low then will close the trade.

CromerKing

After a break of the inner trendline which you might consider a median line in a channel forming a new higher high we now see a pull back and the line now provides us a place of dynamic support which we can go long off of. We may well sell a dive back below to the 73% mark which Is my favourite zone to go long from. Difficult to put a RR on it as it's a moving...

CromerKing

We've seen some rapid bullish movement on this pair over the past few weeks, almost 10 weeks straight up. This pair is well overdue a major correction and I really like this area to take a short. We're just about on the 886 reversal on what is a HTF bearish chart. Until price action breaks those previous highs this is still bearish in my eyes and this area gives...