


QW-Trading
Position based on Support , Resistance and Moving Avarage Analysis
Towards the end of last week, we saw some weakness on the US dollar across many of its pairs. This has given us some signs the dollar strength and bull run may be running out of steam but I would not short the US Dollar just yet. This weakness saw this pair gain 50 PIPs on Friday which gave a strong finish for the week. So far today there has not been a lot of...
GBP/JPY has had a pretty decent run from the weekly rejection of 145.00 not too long ago. Since the pair remained above the daily moving averages, price retaliated fiercely against any intraday 'bearish chop' ultimately pulling the pair higher and higher, having little remorse for short sellers. From here onward, a reversal is anticipated, or a pullback at least...
AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer , after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provide us with a valid trend direction and trade set up. With multiple confluences aligning, I still favour a run back...
On the weekly timeframe we can now start to the see the long wick spiked rejections that have been occurring for 3 consecutive weeks now, as the price has attempted to break below the 0.7400, although failed. This suggests that there could be a slowdown in market momentum with the potential pressure being released by the sellers. The pair had consolidated for a...
Spotted a Descending Traingle on USD/CAD. This is a quick TA , nothing special. I don't like to over complicate things, just my style.
TSLA Stock has lost more than 9% in two sessions after second-quarter deliveries fell short even as company met a key production goal.
Trend still bullish. Ride the wave, easy pips.
USD/JPY tested the prevourious support zone and bounced out. I expect the price to go back to the Monthly Avarage. 1:3 Position
Yearly & Weekly trend remains Bullish. It will either break the trendline or move towards the monthly average!
Hammer candlestick has hit the buy zone FX:GBPUSD and the bearish pattern looks like its reversing and breaking the trendline . Next support will be around 1.33085 , if we break this level I expect it to near 1.34400 again.
My first kind of TA ever.. Please don't laugh at me , I know its noob and its my first. Advice is very welcome! I want to learn as much as possible :)
Failed attempt to break higher as we have reached the daily resistance at 110.70/80 region. Choosing the next direction is difficult on this pair.
1 : 6.3 , Position Great Profit potential