LockoTrades

LockoTrades

I am entering a long position on EURAUD, based on the fact that the daily candle will close with a long lower wick, and very small upper wick. This indicates to me that the downtrend could be retesting the trendline, or finished completely. Volume is also much lower, which shows that price action will correct back up. My trade is as follows: Enter 0.54267, Stop...

LockoTrades

I am entering long on NZDCHF for the following reasons: - We are in a current downtrend. - The previous daily close is a bullish candle, a long lower shadow and tiny upper shadow. - Price is predicted to pullback to the trendline here, at the very least. My trade is Entry 0.54340, Stop Loss 0.54040, Take Profit 0.54650, 1:1 RR. This is considered to be a swing trade.

LockoTrades

An uptrend was broken many days ago. We are now seeing multiple rejections of the resistance. There is also a discrepancy between the volume and candlestick movement. Downward pressure is beginning for the downtrend.

LockoTrades

We can see a nice bounce off the resistance zone on the weekly timeframe. I am entering a short position aiming for an RR of 1:2. I am hoping that price will drop down to touch the black uptrend line.

LockoTrades

Whether you are a swing trader or a day trader, this is a great entry point for a short position. Price is retesting the old trendline that it broke, which gives us the option to trade the consolidation and also a long term downtrend hold. 4h timeframe analysis.

LockoTrades

After breaking a significant trendline on the 4h chart, price has been consolidating before starting the new downtrend. Entering right here can set you up for a nice swing trade with potential for a high RR if held all the way down.

LockoTrades

Trend broken, consolidation box broken. Riding it back down to the lower FVG. 4H timeframe

LockoTrades

We can see on the 4H that the downtrend has been broken, waiting for a confirmed retest of the old trendline before entering. We could see consolidation for a little while however. Swing trade.

LockoTrades

The 4H Trendline has been broken, we can see a double top. I am expecting this to at least come down to the last touch of the previous uptrend. Might be too late for snipers but swingers can still enter.