- Price broke EMA (25, close) on the upside - Approaching resistance level at 1.60004 - Wait for retest followed by a bullish candlestick (Bullish candlestick should break resistance level)
- Price approaching EMA (25, close) from the upside
- Price has been ranging between 109 and 110 for the past few days - Downwards retest on EMA (25, close) not strong enough - Need a long bearish candlestick or break on the upside to indicate a direction
- Broke above EMA (25, close) Watch for: - Retest at EMA (25, close) with the indicator holding as support and a bullish candlestick - Price action at key resistance and support levels 0.68455 & 0.69293
XAUUSD recently reached its highest point since June 2018 and since then its been having a mini consolidation unable to break above into the next zone. Currently, all the signs are pointing to sell. Here's why: - XAUUSD has broken the EMA (25, close) twice in the past two weeks on the 4-hr chart - Stochastic Oscillator and RSI indicate that the pair is overbought...
1-hr chart EMA Strategy: GBPNZD Short Trade Entered @ 10:00 PM Sunday 30/12/2018 Checklist for Short: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as resistance - 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern 5. Long Upper Shadow, Short Lower Body - Risk - Holidays, so charts might be funky
4-hr chart EMA Strategy: GBPNZD Long Trade Entered @ 9:00 PM Wednesday 26/12/2018 Checklist for Long: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as support - 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern - 5. Long Lower Shadow, Short Upper Body Risk - Holidays, so charts might behave funky Note - Move SL...
30-mins chart EMA Strategy: GBPJPY Long Trade Entered @ 9:30 PM Wednesday 26/12/2018 Checklist for Long: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as support- 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern - 5. Long Lower Shadow, Short Upper Body Risk - Coming off of a previous uptrend - Price could form a...
30-mins chart EMA Strategy: GBPJPY Long Trade Entered @ 10:00 AM Wednesday 26/12/2018 Checklist for Long: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as resistance- 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern 5. Long Upper Shadow, Short Lower Body - Risk - Pair might not break out of consolidation
1-hr chart EMA Strategy: GBPNZD Short Trade Entered @ 11:00 AM Wednesday 26/12/2018 Checklist for Short: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as resistance - 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern - 5. Long Upper Shadow, Short Lower Body Risk - Holidays, so charts might behave funky
1-hr chart EMA Strategy: GBPNZD Long Trade Entered @ 12:00 AM Monday 24/12/2018 Checklist for Long: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as support - 3. Last Candlestick longer than the previous - 4. Reversal Candlestick Pattern 5. Long Lower Shadow, Short Upper Body Risk - Christmas Eve, so charts might behave funky
1-hr chart Retest Strategy: GBPNZD Short Trade Entered @ 7:00 AM Friday 21/12/2018 Checklist for Short 1. Retest at resistance - 2. Resistance holds - 3. Reversal Candlestick Pattern - 4. Long Upper Shadow, Short lower Body 5. Bullish Doji
1-hr chart EMA Strategy: GBPJPY Short Trade Entered @ 9:00 AM Friday 21/12/2018 Checklist for Short: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as resistance- 3. Reversal Candlestick Pattern - 4. Long Upper Shadow, Short Lower Body 5. Price broke through support from consolidation zone -
1-hr chart EMA Strategy: EURUSD Short Trade Entered @ 11:00 AM Wednesday 19/12/2018 Checklist for Short: 1. Retest @ EMA (25, close) - 2. EMA (25, close) holds as resistance - 3. Reversal Candlestick Pattern 4. Long Upper Shadow, Short Lower Body Risk - Price needs to break EMA (25, close) on 4 hr chart and close beyond previous support level
1-hr chart EMA Strategy: EURUSD Short Trade Entered @ 8:00 AM Friday 30/11/2018 Checklist for Short: 1. Breakthrough EMA (25, close) - 2. Retest @ EMA (25, close) - 3. EMA (25, close) holds as resistance - 4. Long Upper Shadow, Short Lower Body - Risk -Market could be in a consolidation zone Note Move SL to breakeven once price is 20-30 pips in profit
Long Retest Strategy: GBPNZD (Not EMA) Checklist for Long 1. Retest at support - 2. Support holds - 3. Reversal Candlestick Pattern - 4. Long lower Shadow, Short upper Body - 5. Bullish Doji - 100 pip TP based on 4-hr chart Could set TP to 50 pips for shorter timeframe (1-hr chart)
-Broke out on the downside then retraced upwards -Seems to be a trend with symmetrical triangles How to account for this? -Wait for price to retest