Just took this long position, I'm going to try and take it up to 28000 but there are some problematic areas on the way up that I will be carefully monitoring.
Still too early to make any decision but this is what I would like to see.
I've been waiting for an opportunity to short this down trend for a while and I think the time has come. I'm waiting for the test,I don't want to see the market shoot up from here, I would much rather see a struggle, like a type of doji looking candle or something before I can enter. If the market decides to run away without giving me a test,I'd rather let it go...
I've noticed what looks like a range developing in the context of an overall uptrend. Seeing price has dropped towards the bottom of this range and is now starting to retrace really deep,I'm beginning to sense a turn in the market. I see the strength of the buyers,I want to now see weak sellers before I can enter this trade. You can see what I mean on the chart.
This pair is still in a downtrend,so I'm am still looking for a short opportunity as long as the market does not break above the purple line.I've been stalking the buyers momentum and watched as each swing has faded and become weaker,followed by a strong move down fully engulfing the last buyers swing in two candles. I am expecting one last push from the buyers...
Seeing as though the market is below the purple line (1HR resistance) I'm looking for an opportunity to short this pair. The last breach the market made on this pullback was were I marked it with the dotted line. From what I can see the market came up and then halted near the purple line for some time which looks like the momentum has faded. What I'd like to see...
Mmmmm....This one has become very interesting,what i thought was a channel seems to now look like a beautiful wedge. With a break to the up-side,could be very profitable but entering now could be risky without seeing the test and not to mention Mister BIG Purple Line. I'm not going to enter just yet but I have marked out my entry,stop-loss and exits already as an...
Coming in from a down-trend,I noticed this channel develop. Once I saw price break 15min support (horizontal dotted line) and hold for 2 candles,I pulled the trigger :) stop loss,entry and take profit are marked.
As you can see,a clear down-trend,which means I only want to short this thing. The pullback came in nice,slow and weak. I really like it when they do that,followed by a strong move down telling me that the down trend wants to continue. Please take me with you Mr Downtrend. My stop loss,take profit and entry are visible. I'm fairly confident on this one but will...
Now that I see the market has pulled back into this range,I'm considering shorting as close to the top as possible. Knowing that the trend is up,this one carries some risk,so a few things need to be considered. Firstly price needs to hold convincingly below the short blue line,secondly because its counter-trend, my stop-loss needs to be set to break-even as soon...
I have the 4HR support marked out with the pink line,seeing as though price has failed to breach below it,this pair still wants to go long as far a I can see. The 1HR resistance marked with the purple line is now broken and price is holding above it which means it too, wants to go long. I can also see price struggling to make it back down to the 4HR support. My...
I have noticed that JPY has been strong against all the other currencies and this particular pair looked the best to me. The purple line above is the 1HR S&R. Seeing as though the market has breached it and is holding below and paired with the strength of the Yen,I'm looking to short CAD/JPY. Ive noticed on the 15 min,a range has developed,so I'm thinking of...
I've got the 4HR S&R marked with the pink line,seeing as though the market is below it,I'm only looking to short this pair. I see the pullback on the 1HR,slow and weak which I like to see on a pullback followed by a strong move down. I'm gonna go short once I'm satisfied the market is holding below the 1HR resistance line marked purple.
Ive marked the 1HR resistance with that purple line and I like the way the market is approaching it,very slow and weak following a sudden strong move down. will see how the market tests, I want to see weak attempt to go long,then I will short.SL and TP is already marked.
I can see the market holding above the 4HR support(bottom line) and ranging as their are no new highs or lows. Market seems to be respecting S&R. Will wait and see how the market approaches support.