Nick1upTrading

Nick1upTrading

AUDCHF has broken out of a little over a month long consolidation and is currently pulling back to retest the former resistance as support. I am looking for a rejection from this area with both target areas marked. As always wait for confirmation for entry and manage your risk accordingly. Happy Trading! -Nick

Nick1upTrading

Price is currently breaking out of a Rising Wedge (waiting for confirmation on the daily close). So I am looking for a retest of the wedge if we do confirm, and the low side of the previous consolidation is my target. Trade smart, wait for confirmation, and manage your risk! Happy Trading! -Nick

Nick1upTrading

We have broken out of a Symmetrical Triangle on the 4 HR time frame, a retest of the previous high is very likely here and that is marked as my first level. Next up is my upper horizontal trend line which is a very important level in my eyes, its the measured move from the triangle break and also a very well established horizontal support/resistance. If we...

Nick1upTrading

CADHKD has spent the last month consolidating and has now broken above the 5.74200 range that has been tested as resistance several times. Looking for a pull back into this range and rejection. Short/mid term targets are marked on the chart. Happy Trading! -Nick

Nick1upTrading Updated 

Waiting on confirmation but so far it looks like CHFZAR is rejecting from this previously broken support. Wait for confirmation for an entry! -Nick

Nick1upTrading Updated 

Waiting for a break down or break up on the hourly time frame, I am biased to to the downside since we are still in a downtrend on the higher time frames. Wait for a break and retest for entry. This is a very simple trade to manage risk on. Happy Trading -Nick

Nick1upTrading

Lots of confluence in this area, downtrend resistance line, horizontal resistance line, and if we confirm a local top here we will have bearish divergence. This analysis is on a daily time frame so be patient and WAIT for confirmation. If price breaks and closes above the upper box and diagonal a change of trend is likely. Happy Trading -Nick

Nick1upTrading

After a 4 month long bull run and having a nice little pull back it seems like we are ready for take off again! We have formed a new up trend on the 4HR time frame with higher highs and higher lows and have just broken above a resistance level, I am waiting for price action to reveal its self with a rejection of this area and we are off to the...

Nick1upTrading

GBP/USD has changed its short term down trend, look for a retest in the lower resistance area. If that area holds the first target is likely. Pay attention to price action after the first target is reached and lets see if the bulls can take back over! Happy Trading -Nick

Nick1upTrading Updated 

A very simple trading idea just like pretty much everything I post, 4HR downtrend and breaking a horizontal level. Look for an entry on a pull back to the upper blue box area. Manage your trades! Wait For confirmation! Happy Trading -Nick

Nick1upTrading

We have started an uptrend on the 4 hour time frame with a series of higher highs and higher lows, if this next 4HR candle closes above 107.550 i will be looking for a retest down into the lower blue box area. Take profit range will be the upper blue box. Happy trading! -Nick

Nick1upTrading

The previous 4 HR candle closed with some bearish pressure, I am waiting on this current 4 HR to close below as confirmation. We are in a down trend on the 4HR time frame and have just pulled back and its looking like we will have some more continuation to the down side.

Nick1upTrading

The chart says it all, we are in a clear down trend on the 4 hour chart and have broken down from a previous support level and currently heading back to retest. As always wait for price action before entering any trade and manage your risk accordingly. -Nick

Nick1upTrading

Stop gambling! I see this all of the time, too many new traders using max leverage on every single trade. Do you want to see steady growth in your account? Then stop here and let this really sink in, use the same amount of risk on every trade. For example, if your risk is 2% of your account size per trade then make sure no matter where your entry is your...

Nick1upTrading

On my previous analysis we saw that USDMXN put in a bottoming formation and it looked like we were seeing a change in trend. Well that bottom has turned into a Cup & Handle formation. I have the measured move marked as well as what could potentially be the path it takes to get there. As always MANAGE YOUR RISK! Formations, patterns, and ANY other strategy does...

Nick1upTrading Updated 

Its really hard to think bearish after an impressive 45% rally, the blue box on my chart is my area of interest. If we can close above I will have a bullish outlook, rejection and follow through and I think its possible we will revisit the lows or potentially even lower.

Nick1upTrading Updated 

Upper blue box meets depending trend line, I will wait to see how price develops at this area. If we get a rejection here a trip to the lower blue box zone is likely.

Nick1upTrading

Price has put in a bottoming formation and is currently breaking out of it (not yet confirmed). With a confirmation close above the lower blue box I would expect a retest of the lower blue box are and some continued upside.