Michael_Harding

Michael_Harding

Taking a look at the daily timeframe, this pair seems to be losing bullish momentum. Oscillators are also confirming. With that said, I plotted out a 1:2 Risk to Reward Setup with Stop Loss above the most recent high back in last May. That's it - That's all Trade Safe

Michael_Harding

This trade plan consists of 2 possible entries First entry begins now on the long side at 61,897 SL: 60,768 TP: 64,407 This is a 1:3 Risk to Reward Setup Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407. Something to...

Michael_Harding

There's been a confirmed bullish breakout from the descending channel of resistance. This breakout could spark renewed enthusiasm to push higher towards the 50% fibonacci level that I plotted out on the chart. The reason I'm targetting the 50% level is because it will likely coincide with the 100 SMA once we reach that level causing a confluence of resistance....

02:14

Michael_Harding

Reasons I'm bullish include: * Strong rejection candle on the weekly timeframe * Bullish breakout from descending channel on daily timeframe Will we see some follow through momentum?

02:33

Michael_Harding

Follow up video from yesterday's Loonie forecast. See previous below

00:56

Michael_Harding

I'm expecting to see some strength with the Canadian dollar following the jobs data on the economic docket. Reason being is because I believe the Loonie is oversold and a little surprise to the upside may trigger some bullish momentum. Trade Safe

01:53

Michael_Harding

All timeframes show gold is holding above the 200 SMA which is a strong bullish indication. Furthermore, correlating assets such as BTC, US30 and DXY also confirm that gold is likely to continue higher. My bullish target is around the 2400 level. At that point, we need to wait and see what happens with our fundamentals. Trade Safe

Michael_Harding

Taking a look at the daily timeframe, price action continues to trend lower in the bearish channel. In the event we get another daily candle that closes below the last, I would expect to see further downward momentum towards 55,000, and then 52,000. Stochastics is overbought and RSI is holding below 50. These are 2 additional technical confirmations that this...

05:41

Michael_Harding

This is such as simple strategy that anyone should be able to perform. Just wait for the 8:am EST candle to close - whatever color it is will point the direction to trade. Use a profit target of 100 point and a stop loss of 100 points. If you get stopped out, the next day, double up. Avoid trading Wednesday's for best performance. That's it - That's all Trade Safe

05:02

Michael_Harding

Today I'm explaining a very simple strategy that I use for trading US30 during the NY session. Basically just wait for the 8:am EST candle to close Once the candle closes, if it's red, you would enter a sell position with a 100 point profit target with a stop loss at 100 points as well. If it's green, enter a long position with a 100 point profit target and 100...

02:08

Michael_Harding

Following the U-shape reversal on the 15 minute timeframe we had pullback to the 38.2% Fib level followed by a bounce to the upside. This indicates further upside is likely and I would suspect another leg up as the same size as the U-Shape reversal impulse. That's it - That's all Trade Safe.

03:02

Michael_Harding

This is video number 3 of 3. Watch the last two in the links below to gain insights on how I trade economic reports such as the Australian CPI That's it - That's all Trade Safe

01:59

Michael_Harding

In this video I explain how to wait for the bullish momentum to stall out to then consider some short selling scalp trades targeting on 10-20 pips. That's it - That's all Trade Safe

06:21

Michael_Harding

At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.

02:39

Michael_Harding

Taking a look at the daily chart, I am looking to go how. However, I want to see how this instrument trades following tomorrow's PMI data from the US. On my chart I plotted out an AOI level which would be nice to test. If that happens I'll be looking for bearish stalling action on the small timeframes such as the 5 min to scalp a long entry. That's it - That's...

04:22

Michael_Harding

Taking a look at Gold metals, we had quite the correction in the past 24 hours so I'm now looking to bottoming action to scalp trade on the small timesframes. This video explains a quick in and out strategy that I use when bottoming or topping action has been detected. Little by little with small scalps actually yeilds greater profit in a shorter period of time...

03:24

Michael_Harding

So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...

Michael_Harding

Taking a look at the 15 min timeframe, price action is beginning to show signs of bottoming action. I'm now waiting for break above the descending resistance in this bearish channel to consider a long position. That's it - That's all Trade Safe