Simple swing trade idea. GBPJPY(GAP down) 1) Why long? Most of the time, when price gap down it will fill back the gap. 2) Price touched 50% fibo in my Oanda chart. Beware of 2 EMA now price are ranging in there. Will it break up higher? if price formed a bearish candle in H4 chart in range on 2EMA. Will close the trade. Trade with own risk. Happy Trading
Simple trade idea . why long? 1) Price came back to support 1.41429 around this price again and ranging. 2) notice there is a green down trend line, if it break will go higher just like previous pattern. 3) LH and LL formed but not yet complete with HH. 4) notice at the box, its double bottom. Will long once the down trend line break with small lot, after it...
Simple swing trade idea. Why long? 1) LH LL HH HL formed. 2) price could not go lower 1.339 and hovering around 1.04311 previous support, and formed LH LL HH HL its strong indication it will go higher. 3)Price now above 2EMA and 200 SMA. Trade will own risk Happy Trading.
1) HNS pattern formed 2) pirce failed to break 145.2 & 148.0 short once price break neckline. Happy trading.
Why long? Simple swing trade idea. 1)LH LL HH HL formed. Price broken LH and formed HH and then followed by HL formed above 2 EMA. HH break mean break down trend line as well.Which mean trend change. 2)Price bouncing above previous support zone at around 0.71615 and then formed LH LL HH HL, higher probability to long . Trade with your own risk. Happy...
Simple swing trade idea: 1) Big trend is down. 2) 4H chart price in Channel. 3) price rejected on support 1.20846 , now heading to confluence resistance 1.23286. If it break up the resistance + down trend line long. 4) if price rejected on resistance with candle confirmation short it. Trade with own risk. Happy trading.
Simple swing trade idea: Price has been bullish and now exhausted. This trade dint spot for HH LL LH. why short? 1) Flag has been broken. 2) price react on the down trend line. 3) Price close below 200 MA. 4) Look on weekly candle compare to other candle, current candle are the most bearish. 118.315 target are confluence key area. trade with your own...
Simple Swing Trade idea. (Short) Previous post i'd mention that there is HL(114.7) and HH(118.5) formed , and let's wait for HL to be break then find for short. But price ranging until it formed new HH and HL. Price failed to break up 118.6 (resistance) and price break down 115.9 (support) now close below. Strong short trade. More confirmation to short...
Simple swing trade idea. Current trend UP. ================= 1) Price respectively bouncing up on both EMA. 2) 118.171 are weekly previous support, now became resistance. Price seem rejecting on that price. 3) Trade only when price break HL , retrace and continue to break down HL.(114.676) Trade with your own risk. Happy trading. Regard, Insane_Trader
Why short? 1) Price could break 1.71993 for few weeks , because there is confluence key resistance. 2) price ranging around red EMA for weeks. 3) the trend is still now. Short now. Trade with your own risk. Happy trading. Insane_Trader.
Simple swing trade idea. 1) Price break down trend line 2) Price failed to go lower 143.150 and close above it. 3) Price close above 2 EMA. indication of trend going to change. long once price break LH. Regards, Insane Trader.
Simple swing trade idea , Main trend = down. ========== Looking for reversal. -------------- 1)LH & LL formed. Price broken LH(1.402xx) 2) Down trend line broken up. 3)Price close above 2 EMA , indication for trend change? When to trade? ------------ 1)Currently price hovering above LH, But it will retrace back and create HH & HL.(refer to arrow) 2) Once price...
Simple Swing Trade idea. 1) HH are confluence resistance on weekly chart. Price Rejected and formed an bearish engulfing on HH. 2) Uptrend line broken. 3) Once HL broken again , instantly short. Trade with with your own risks. Happy Trading. Regards, Insane_Trader