CromerKing

CromerKing

We've had a nice long downward move on this pair and I think it's about time for a new leg upward. Start to buy this pair around here. As you can see from pervious lows there's no real rush, it tends to wallow before making a a bigger move. DCA / Grid (Mean reversion) entry approach to this trade.

CromerKing

So we've hit the bottom of a channel here and it's been a hard fall down, I think it's time for longer term longs, great risk reward entry point right now.

CromerKing Updated 

This pair have been moving down for a long time but within the down trend there are up swings and this is what we've been waiting for. Looks like there's finally a fundamental move to hopefully initiate the next upward leg. If you're conservative then wait and buy on any pullbacks, or if not enter long now and hold.

CromerKing

This is a simple stats based short idea, the consecutive candle count is nearly at a new record high, last time it was this high was back in 2017 so these opportunities don't come up often. Mean reversion is coming so let's make some hay while the sun shines :) Start entering shorts now and then enter more if it goes higher, don't go crazy mind, it's all about...

CromerKing

Simple technical analysis here, price has been wallowing around these lows for a while and it's the bottom of the higher time frame channel, great opportunity to start buying here with great risk reward. Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a...

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.