IntelliTrade365

IntelliTrade365

This green support zone may hold price and cause it to push back up against our short position. I'm still holding but adjust your trade as you see fit by either tightening the stop loss, taking partial profits, or exiting completely. I'm still holding.

IntelliTrade365 Updated 

BOUNCED OFF 1.8300 ZONE. SELLING DOWN TO 1.8100 ZONE WITH TARGET AT 1.8115.

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YET ANOTHER RETEST OF .8920 SUPPORT AREA AFTER THE DOUBLE TOP?! INTERESTING. I'D WANT TO SHORT THIS, BUT KNOWING THIS MARKET, IT COULD START A MOVE DOWN AND SUCK RIGHT BACK UP INTO THE RANGE. ULTIMATELY I THINK WE'LL SEE MORE DOWNSIDE THAN UPSIDE FROM HERE, BUT WHAT DO I KNOW? :)

IntelliTrade365 Updated 

Since the last EURCAD idea, this pair pushed further to the upside and pierced the resistance the 1.5040 resistance invalidating the stochastic divergence. Price has since bounced off of the 50% fib/prior support turned resistance at the 1.5060 area. It couldn't stay above it for long and fell right back down below. So I'm staying bearish on this pair down...

IntelliTrade365 Updated 

CHFJPY IS CURRENTLY AT A S/R LEVEL. ASSUMING SWISS FRANC CONTINUES ITS PURGE LOWER EITHER AT A FASTER RATE THAN THE YEN IS, OR IF THE RECENT YEN BOUNCE SENDS THAT CURRENCY HIGHER, WE'RE PLAYING A SHORT ON A BREAK OF THE 111 HANDLE. THERE IS A TREND LINE NEAR THAT AREA, SO ASSUMING IT HAS ENOUGH POWER TO BREAK IT, WE ARE TARGETING 110.55. STOP IS ABOVE THE UPPER...

IntelliTrade365 Updated 

UPDATE TO EURCAD SELL IDEA. TAKING SOME PROFITS IF WE GET BACK DOWN TO 1.4980. FINAL TARGET AT 1.4925.

IntelliTrade365 Updated 

This 1.3375 zone has been tested multiple times in March with the first key bounce down taking place in January. I'm going with the already prevalent upward motion here playing the long as a continuation off of this key area. Target sits around 1.3445, about 70 pips from the zone where a down sloping trend line may intersect with price to form the 3rd hit of what...

IntelliTrade365

Retest of 38.2% fib/support confluence area possible & maybe even a move down to the 50% fib/polarity level confluence zone. Staying bullish down to the 50%. If breaks down past 50% zone, bias may change. No entry yet. Waiting for another sign of this area holding. Want to be careful on this due to the obvious support level here. Smart Money knows there are...

IntelliTrade365 Updated 

REASONS FOR ENTRY: 1. 38.2 FIB 2. POTENTIAL RESISTANCE TURNED SUPPORT (POLARITY LEVEL) 3. STOCHASTIC BULLISH HIDDEN DIVERGENCE TARGET: AROUND LAST SWING HIGH & WHOLE NUMBER 147.00 (146.90 FOR SAFETY)

IntelliTrade365 Updated 

1. REASON FOR ENTRY: SUPPORT 2. REASON FOR ENTRY: STOCHASTIC OVERSOLD 3. TARGET: TRENDLINE 4. TARGET: PREVIOUS SUPPORT 5. TARGET: 38.2 FIB

IntelliTrade365

1. REASON FOR ENTRY: RESISTANCE 2. REASON FOR ENTRY: STOCHASTIC BEARISH HIDDEN DIVERGENCE 3. TARGET: SUPPORT

IntelliTrade365 Updated 

1. REASON FOR ENTRY: SUPPORT 2. REASON FOR ENTRY: 61.8 FIB (WEEKLY TIME FRAME) 3. REASON FOR ENTRY: STOCHASTIC BULLISH HIDDEN DIVERGENCE 4. REASON FOR ENTRY: HAMMER AT SWING LOW FOLLOWED BY BULLISH ENGULFING CANDLE 5. TARGET: 61.8 RETRACEMENT OF PRIOR DOWN SWING (1.1350)

IntelliTrade365

TRENDLINE + RESISTANCE/SUPPORT?

IntelliTrade365

LONG AT TREND LINE TOUCH

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WATCHING THE TREND LINE BUMPS

IntelliTrade365

Hourly chart shows good short off trend line. but it may get support from 200 Day Moving Average. If shorting, target should be just before 200 Day MA

IntelliTrade365

Head & Shoulders pattern on the 4 hour GBPJPY. If price returns to 180.90-181.34 area, short to 177.57 with a stop above 182.80