Simple head and shoulders pattern on 1 hr. TP down at big resistance zone. You can wait for a break of the H&S and retest also which is more conservative. Let me know your opinion on this trade.....
My trading style is about 85% technical analysis, and I find the simplest way to trade with just levels and support and resistance. Taking two positions on this, the first being around 1.23 TP, in which I will move my stop loss to break even for the longer trade and let it play out to its next level target. Let me hear your comments or any advice on how you...
From top down analysis, down to a 5 min double top. Price has reached a resistance zone, looking to take it back down to the next support zone. Taking 2 trades, first TP at 1:3RR, then move to breakeven. 2nd TP at next resistance.
Longing EURAUD Double bottom off of the support Trading to the next range. Taking two positions. Moving stops to breakeven after TP 1 hits. Let me know what you think...
Shorting from top of trend line. Fibonacci puts it in the 78.6-88.6 range, stops above it. Moving stop loss to BE at 1 R Let me know what you think about this setup.
With the recent bullish flag breakout, USDCAD is now retesting the top of the flag. Taking a very small stop loss due to the fact of the current Ukraine business going on, and USD has been somewhat volatile. It has touched the bottom of the trend for the third time and has also rejected the -0.272 fibonacci. Taking profits at 3 stages and moving stop to BE at...
Long EURUSD. Came back into big up trend and is rejecting golden zone in fib. Looking for a quick correction up to resistance and -.27 zone. BE at 1 RR. Follow my twitter for more plays like this!
Adding a position to AUDUSD. It has touched and rejected the golden zone on fib. Targeting -.27 level Follow here and twitter for more trades.
AUDUSD has touch the top of the trend line and quickly pulled back. While also placing the Fibonacci, we can see it was shorted in the golden 50-61.8 zone. In its previous 1 hr uptrend, this Friday, it has broken the trend and is now heading down, hopefully towards the bottom trend line for its third touch. TP is at the -.27 level and may take half off near 4...
Shorting EURUSD, following trend lines, as it rejected the top line. It also rejected the 78.7-88.6 fibonacci level. Targeting the -.27 level on fib. Breakeven at 1RR.
This is one of my first real trades on XAUUSD. Fib hit the golden zone twice on the hourly. TP at -.27, taking half off at 1 RR
Rejected trend line three times for triple bottom. Scalping up for a 1:5 RR
Shorting EURGBP. Looking at another fake breakout. Fib is in 0.786-0.886 zone. Shorting all the way down to -0.27 level. Small stop loss. Like and comment your thoughts on this play.
To me this looks like a double bottom, or a stop hunt. Will take profit on the way up.
AUDCAD is in a long downtrend. While trading with the trend, (on the 4hr timeframe) AUDCAD has made a consolidation, broken through it and is now retesting it. On the 1hr timeframe, AUDCAD has made a double top. Entry on red candle. Stops above support zone. Targeting the next demand zone for a 1:3 RR. Moving stop to break even at 2 RR. Give this idea a like if...
Shorting GBPUSD Failed to break through resistance on 1 hr. Made a double top also. Targeting next resistance going down. 2 RR Setting sl to break even at 1.5
Longing GBPJPY due to a bounce on support. Inverse h&s on 15min timeframe. Targeting 2 RR, will move stop to breakeven at 1 R
GBPUSD has hit the top of the trend line and is showing strong RSI divergence on the 4hr and 1hr timeframe. On its last 3 higher highs, it shows RSI divergence on the 1hr as well. Targeting major OTZ for 3RR. Breakeven Stop loss at 2 RR