Life_In_Forex

Life_In_Forex

ADA looking fundamentally good with the release of smart contracts, set to see a big movement up after a bit of a drop due to overbought. 60% rise expected meaning for a great risk reward!

Life_In_Forex

We're seeing all indicators show us a long term trend reversal is close, traders should wait for a reversal of price and see a rejection to confirm downtrend. We've seen a a double top of price on weekly, this should be a nice long trade.

Life_In_Forex

14/06/21 NZDUSD Long trade idea, RSI has hit bottom and we've price resist key area of support, squeeze downwards now dying off and momentum meter showing NZD gaining strength with USD losing it. Trending down so conservative TP, riding wave up until confirmation downtrend will continue. MACD also dying off from short. R:R = 2:1 Risk allocation 0.5% GL

Life_In_Forex

We've seen an engulfing bearish candle for the last daily close, RSI looking high and MACD divergence, convergence are crossing as well as squeeze dying off. Already in a down trend so trading with the trend, we've set a conservative take profit but will trail stop if the market chooses so, could be a long one this trade as it's intraday. R:R = 2.5 Risk...

Life_In_Forex

If we see the weekly close above the up kumo then there has been an attempt to retrace back into the cloud which price would have rejected, we could potentially see a breakout above the cloud and maybe even an ATH. Squeeze momentum at the start of strength.

Life_In_Forex

Price rejected off up kumo off ichi cloud. Momentum meter showing AUD falling from strength whilst USD rising, Last candlestick to form is bearish englufing which is a good sign of more downward momentum. MACD about to cross lines. Risk Allocation: 0.5% R:R = 2 GL

Life_In_Forex

We rode this wave up, now time to ride it down! RSI coming from overbought, Squeeze momentum dying off and about to see crossing of MACD. Traders can wait for confirmation of downtrend of current resistance area to get an entry point. Green lines confirm different take profits at key areas of support. Risk Allocation 1% R:R - 2.8 GL

Life_In_Forex

GBPAUD short idea 31/05/21 Momentum meter showing GBP losing strength and AUD gaining. RSI near to topping out on daily chart, same for 4H chart. Squeeze dying off as well as MACD lines crossing. Green lines represent points of expected support and other take profit point traders can consider. Risk Allocation 1% R:R = 3.1 GL

Life_In_Forex

AUDCAD Long idea 31/05/21 Multitime frame analysis, on the daily we look like we may get a crossover soon of divergence and convergence lines, on the 4 hour we have seen a nice shooting star where price has attempted to break lower. Green lines are areas of resistance that different TP's can be set. Even though the trend is down, RSI on the daily has pressed low...

Life_In_Forex

Seeing exhausted strength from NZDUSD's recent moves up. USD gaining strength and expected continuation of trend down to major support level. RSI on way down as well as crossing of lines on MACD Expecting to fall into a bigger consolidation. Risk Allocation: 0.5% R:R = 1:4 GL

Life_In_Forex

RSI Been staying around the 70 level, looking for a mini short with potential to go further. Squeeze momentum dying off, divergence looks about to cross on MACD. SL set just above area of resistance we're at now, expecting a pullback of price to 0.618 fib level. Trade can then take profit and allowed to run for other TP's whilst stop loss is set to entry. Risk...

Life_In_Forex

Momentum meter showing NZD having superior strength, looks like there will be a little more squeeze. RSI heavily overbought, traders should wait for a rejection off resistance/50% fibs and confirmation before taking trade. AUD looks to be gaining strength but could die off quicker than NZD so is VERY IMPORTANT to wait for rejection. NZD has been in a downward...

Life_In_Forex

AUD looking to gain more strength whilst USD looking in decline now. Recent candlesticks rejected move down, good sign of continued strength upwards. Tight SL as USD could turn around. RSI trading midrange looking to head higher. Squeeze momentum starting to turn bullish. Take profit just under key area of resistance. Risk Allocation: 0.5% R:R = 1:2 GL!

Life_In_Forex

Momentum meter showing JPY weakness and USD gaining strength from weakness. We can see descending triangle pattern forming, prior to triangle, price was uptrending, expected continuation as selling squeeze is dying off. RSI pushing upwards and big doji formed on last candlestick. SL set below resistance area, TP set conservatively below a double top of previous...

Life_In_Forex

AUDCAD Long 4H Cad on momentum meter dying off from highs and AUD gaining strength from lows. MACD weakness dying off and looking to see a crossing off the two lines to indicate upward momentum. Squeeze dying off from drain downwards. RSI has spent some time low and precious candle we're seeing a nice doji formed. Risk Allocation: 1% R:R = 1:4 GL

Life_In_Forex

GBPJPY Short, Seeing key area of resistance near current price, Momentum Meter showing GBP weakness after strength and JPY strength after weakness, squeeze dying out and seeing RSI becoming overbought. Risk Allocation: 1% R:R 1:3 GL

Life_In_Forex

Seeing Price action give some good shooting stars to keep above Up Kumo of Ichi Cloud, price trading above Kijun-Sen, RSI at 54. Expecting price to breakout of downwards trend line and double top exit point. Risk Allocation: 0.5% R:R = 1:18 GL

Life_In_Forex

Good morning guys, Nice little trade here to take NZDJPY back up to area of resistance, Squeeze dying off from sell, Momentum Meter show JPY signs of weakness from strength and vice versa for NZD! MACD about to cross line from a sell. RSI at 42. Expecting price to come back above trend line. Price could very well touch trendline and continue downwards. Risk...