Opportunity to hop up the dollar depression of the #trumpleaks
After the break out of the low prices one may plan to bet on a continuation of the dollar weakening. I would love to see a 38.2% retracement into this nice resistance area in order to hop up a continuation trade
Nice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday. Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting...
... now resting in support area. The US Dollar is being punished by the markets today!
EUR is pretty strong on many pairs but on almost all pairs there is some major resistance ahead. On EUR/GBP I took an early countertrend trade. Price is no entering a resistance area on the 240M timeframe. Nice area for countertrend traders who chase a 382 retracement
On the break of the downtrend line I am pretty comfortable in taking partial profits on the BatPattern completion. Hedging for a short day trade and then building again for the upside. Trading plan is important but I also believe in active trade management!
I love trading forex due to many reason one being the high volatility. You almost always get second chances for entries and exits. Prices tends to oscillate around their "fair value" al to more than in Stocks or ETF´s. There is almost no pair the rallies 50% in a year. While there are scenarios for early exit, one should only execute such planed exceptions right?...
I really like Monday´s and planning my upcoming trading weeks! Sorting out strategies and plans how to target the different pairs on my watchlist. There is always so much excitements! fFamous German writer Herman Hesse quoted once: "Jedem Anfang wohnt ein Zauber inne" (Every beginning hold its own magic)
As advised early this year on twitter and Facebook... now strategy plays out! Stay tight if invested as summer will bring the planned capital gains as well as a nice and juicy dividend!
Waiting to get long Crude at a cheap level for some time. Price didn´t yet made it into my entry area around 45$. Recently price showed 2 technical signs of short-term downtrend which made me confident to see lower prices. 1) break of uptrend line and 2) break of last swing low. Looking for price to hit 45$ before rally may continues toward 60`s
Retracement wave A completed in support area. Price is currently regaining forces and has overcome to inner downtrend line. On the 240M I am looking at a BatPattern for a short day trade.
Finally Gold trades above the inner downtrend line. Chasing B of the correction leg. Probably at the mid- or outer-trendline
Great profits on the pair for May. Now looking at a Gartley pattern that just triggered!
First target almost achieved. After TP a short order is triggered on the BatPattern. Doesn't´t happen all the time but when it does its amazing!
After the second round of the 2017 Frenchelections profit taking put the EURUSD under pressure. Price is now resting in the support area and potentially form a double bottom Observing the most recent downtrend line for a rally continuation
Looking at the downtrend line
Significant rally into the next resistance (red) provides a short opportunity around 50 to 70 pips Price may consolidate and then continue rally or continue underlying downtrend. Either way, chances are good to chase the new 240M high that is likely to form in the red zone for another 50 to 70 pips
No matter where the market is going? With a multiple Strategy System you can create opportunity in almost any market condition. Here, red short ABCD and orange long Gartley to name only 2 of the upcoming opportunities. My preferred package is mid-term trend-following + short-term anti-trend + Simple & Advanced Price Pattern. ROI +/- 200 pips p.a. and per FX pair,...