CromerKing

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...

CromerKing

I've been following this pair since the last bullish weekly close and added to my position on when it touched my prefered fib zone pull back this week. Now with a second bullish weekly close a reversal looks really on the cards. There are still a couple of entry opportunities. One is at market open with stops below the last weekly low, maybe not for the risk...

CromerKing

Very simple geometric trendline failed attempt to break leading to a short swing trade.

CromerKing Updated 

I spotted this idea on the weekly chart but there is important detail on the Daily. So we have price action having been kept below the weekly 200MA and then sliced through the rising trendline it has turned and come back up to test the outside of the trendline which is also near to another touch of the now falling weekly 200 MA. Looking for a Fibo 38.2 (RR of...

CromerKing

We got a lovely rejection wick off the daily on Friday and it beautifully bounced off the 200dma and a falling trend line. Great bit of confluence. Stops above that wick and shoot for a 50% retrace on that type of move the 50 back gives us a RR ratio of 3.5-1. Might even get down to previous lows if wanted to stretch for longer targets but don't be greedy.

CromerKing

Very simple trade what you see idea, break above support, quick test and then go long for 100 pips up to next support level.

CromerKing

PA has struggled on the weekly leaving some nice wicks. Looking at the Daily time frame it's easy to see some levels. I'd prefer to see the shooting star from 2 weeks ago get tapped on the inside (as often happens) then go short but if wicks are your thing and it works for you then go short now. I've then got my eyes on the level that has acted like a magnet for...

CromerKing

Currently got an outside channel test which even if it breaks above there's that huge downward trendline not far above which is bound to give us some resistance. Break above and then a test of that we could be looking at continued bullish action. Look for the cheap trade with tightest stops on the test of the trendline if this is the case.

CromerKing

After the bearish cypher pattern is close to completing its 38.2 retrace, what's next? Right now it's at an interesting point as it rests on top of the downward trend channel and takes a breather. Quite simply we need to wait and see but it's certainly an area of interest. I'll be looking to price action to look for a good entry either way.

CromerKing

Downward channel, PA hit top and given us some wicks. expect it to come down and finish it's downward movement to hit the 38.2 fib retrace.

CromerKing

Like it says it the title here we see a break above that resistance level, then a rounded return to test that past level and I'd hope to see it take off from here. Up to 2300, the next even handle level.

CromerKing

If we get the break below this level that's been tested for a while look for PA to come back up and test that level before entering.

CromerKing

Try a short off this level with stops above the thrust candle PA back to previous lows, swing trade really may have to hold a few days. i don't liek that it's already tested but as it's only second time, first wasn't quite close enough so it's worth a pop. Could hang on to the slighter higher level of .7230.

CromerKing

We're almost at weekly ATR level, that means PA has traveled near to the normal distance for a week based on 20day ATR. It's also a great level for structure, looking left. If we get a breakthrough then there's the pullback entry option to go long