NZDJPY headed south last week across the board as RBNZ Wheeler Jaw boned the Kiwi, We now find a class A Bullish Divergence on the 60 min chart. We will see as the market open if the Kiwi will pull back some. Think there will be many moves in this pair to trade and I will grab what I can both north and south on the chart. GBPAUD / Short which has a Bearish...
This is a mere example how I put various indicators together in order to plan and execute shorter term trades. First of all I scan various pairs across AUD, JPY, EUR and NZD to see the ongoing trends. With Rob Bookkers Knoxville divergence indicators I might find good class A diveregences (bearish or bullish - it doesnt matter as long as I know) On the chart I...
See notes on chart - Happy trading
Indicates underlying weakness. Bulls are exhausted.Warning of possible trend direction change from uptrend to downtrend. see notes on chart
Just love when a trade comes together directly after you placed it. Have a few of these going now and hope some of you saw these opportunities as well.
Bulls are exhausted.Warning of possible trend direction change from uptrend to downtrend.
Indicates underlying strength. Bears are exhausted.Warning of possible trend direction change from downtrend to uptrend.
This pair correlates with the S&P500 and it looks like a nice trade is lining up
is wave 5 on the daily coming to an end and on a bigger time frame like this weekly - it looks like wave 4 is coming to an end. Either way we should see the DXY start correct itself going south a bit. Dollar bulls are not easily stopped but lets see,
A new 3rd wave building or.. do you see what I see. a wave 3, 4 and 5 complete on the daily as well as an ABC and another wave 1 and 2, now building on wave 3 on the weekly time frame. This one will shoot for the stars a well and I will be in on this at first available pullback. NB. I use the Elliot wave indicator available here at Tradingview.com and the...
Current highs lines up with previous highs in June which it didnt manage to break and makes me watch it closely. Everyone rides on Yen weakness right now but if this one will bounch then it will be good trade. Worth the risk for me at least.
Awesome R/R as I like em but I will place the Stop a bit higher to protect against being stopped out due to post FOMC volatility. There is a clear risk that the Swiss Franc will make another push to the upside and stop me out but I do not expect it to be able to stay there for long and will just re-enter the trade as I see a another good leg lower.
The Pound has managed to close over major resistance and there is stilll room for it on the upside. On top of this we will also see the effect of the Scottish vote today which with a no-vote will cause a good spike to the upside. However, I watch the daily and weekly charts closely which already are way overbought and are waiting for a good push south to short...