1. Good RR 2. EMAS trending in a bullish pattern 3.Price action off the structure 4. RSI strong movement upwards 5. Respected trend line 6. Hourly chart price action also signals strong bullish bar and good bullish price action 7. Hourly chart TDI signals strong momentum
Previous me would have just shorted this pair. Consolidation has been going on for months and we see a first break of the triangle. I will wait for a a retest and a more favourable setup, given also that today is friday not really a good day to be holding positions over the weekend.
1. Good EMAS Trending bullish 2. RR is alright but could be better 3. RSI is heading up 4. 4hourly chart has strong RSI and price action 5. Break of trendline 6. Broke out of Asian Range *Buying into a demand zone so size properly.
1. Divergence on the hourly 2. RSI going down 3. EMA Crossover 4. Channel trendline broken 5. Major resistance on top *RR not fantastic, propose to size down
1. Good EMAs trending downwards 2. EMA Crossover 3. RSI Going down 4. RR is good with stop at 1.6723 TP at 1.65542 5. Broke Asian Range * Early on the trade with assumption that 4 hourly chart red candle with a strong closes bearish body SO SIZE APPROPRIATELY * Do NOT really like to trade non USD pairs but this is a good setup
1. Bearish Pins since last week. 2. Broke short term trend line. 3. RSI Decreasing 4. EMAs clear downward trend 5. Good RR * EMAs not in a clear downward trend on the 1 hour chart, suggest to size down by a bit.
1. Good RR 2. Broke Structure 3. Would have preferred emas to be fully in line but price action shows good strong break above 200 EMA 4. Broke triangle trendline 5. Hourly chart shows bullish Pins 6. TDI and RSI looking good towards the bullish side.
1. EMAs are moving up 2. RSI and price action has consolidated for a week and a half and 4 hourly and hourly price action are looking good with EMAs showing good support. 3. Demand zone held up well 4. RR could be better so not putting on full size with this. *Fundamentally, stocks are bearish now and I would see money moving more into gold prices.
1. Price action broke asian trading range 2. Short term set up with decreasing RSI 3. EMAs show a clear reversal towards down side 4. Trend Line broken * RR is not ideal, sized down due to some existing exposure in short GBPUSD as well.
1. EMAs are showing a strong downtrend 2. Price action shows rejection from trendline 3. Lower low being formed 4. Fundamentals point towards weaker GBP * RR is not Ideal, do make sure you lower position sizing.
1. Broke Trendline 2. Multiple higher high attempt in Price action but fails and now we can see a lower low 3. RSI decreasing with RSI over bought a week a go 4. EMAs crossing over with the price action breaking through the EMAs. ** Fundamentals play strongly in pulling the trigger as we foresee weak oil prices remaining depressed for a while.
1. Rejection from trend line 2. RSI Decreasing 3. Break of asian session 4. Moving averages showing a good down trend 5. RR is good for this set up
1. Price action bouncing off moving averages 2. Good higher high candles bouncing off structures 3. Rsi is moving upwards 4. Good risk reward 5. Triangle break out on the 4 hrly chart. * Fundamentally I am expecting weaker USD thus more money moving into gold
1. Finally a close outside trendline and triangle 2. Previous 3 times price action has not been able to close outside the trendline. 3. Broke inner shorterm support as well with lower low of candle price action 4. Good risk reward 5. RSI crossed below 50 as well
1. RSI is clearly declining and below the 50 level 2. Break of trendline (Bearish Flag) *Important to note that trendline has been violated before and thus breaking of trendline does not signify a huge factor 3. Lower low price action of candle stick 4. Higher time frame shows lower low candle stick and bearish price action 5. RR is good **Position size was lower...
1. Good retracement to 0.618 2. Higher Close of previous High in hourly chart 3. RSI is rising up and not over bought 4. Broke Trend Line on hourly chart
1. Retest of trend line after broken out of triangle 2. Good FIbb retracement of 0.5 to 0.618. 3. Structure support * Structure has been violated a number of times so do not place as much importance on this structure *Wait for Close of 4 hour or see if any buy signal in the 1 hr time frame.
1. Oil is on a downward trend and has retested a broken channel and now is with a heavy short bias, thus CAD should weaken as well. 2. Price broke out of structure with a clean close on the 4hrly. 3. Wait for retest of the structure and short. 4. Daily Chart shows a number of pin bars with short bias.