Renforex

Renforex Updated 

Yes, probably. Price has reached the top of the current ascending channel. Couple this with the bearish divergence shown on the chart above, shorting seems like an easy choice to make. Or at least taking profit at this area if you have been long all morning like I have. The first target is shown. If the price reacts strongly to this resistance then it will be a...

Renforex Updated 

The word technical analysis is thrown around all the time. Whether it be related to a chart with 5 indicators and an animal shaped pattern, a randomly drawn 'fib retrace', or when a new trader identifies his first semi-accurate trend line... Well here is an example that I think may be more useful for some members here who look at charts to learn and get ideas...

Renforex Updated 

Right now. Take your hard earned pips and be happy.

Renforex Updated 

We can take a long here. Our MAs are showing a good buy signal that coincides with the breaking and testing of the descending channel we have been trading in for the past while. Ren MA: Green is above red, while red has crossed above blue during in time with the channel break.

Renforex

Haven't kept up with posting here as I could've guessed. Too busy pumping out signals elsewhere. Medium risk. Medium/High probability.

Renforex

I will outline the "buy signal(s)" I will use as confirmation to go long. Waiting for confirmation doesn't always get you in at the perfect price. But attempting to catch the falling knife is never a good strategy, even if you succeed sometimes... In the long run, waiting for confirmation is best practice. (Especially if you also trade non crypto assets) 1) Right...

Renforex

Posting one trade on Monday like I mentioned last week. We have been shorting NZDUSD for a while, but now is also a good time to re-enter to squeeze some extra pips out of this trend.

Renforex

Nice little long here that could prove to be profitable with a low risk. See you guys next week.

Renforex

Have been too busy with business to log in here and post any charts. I'll start posting one or two a week again. Just posting this chart to say that really... It'll probably be Tuesdays I'll log in from now on.

Renforex

This channel has been playing out for a while. How much loner? :)

Renforex

The green horizontal line would be target number 1.

Renforex

We have been making some good pips with this channel. This chart shows our initial target for the next long.

Renforex

A little short.

Renforex

Probable and likely. Apologies for the lack of description here. But rules are rules and I'm on my last warning.

Renforex

Here

Renforex

We have been trading this channel for a while and it has paid off. It's worth continuing until this trend reverses convincingly by breaking under.

Renforex

A low R:R trade on USDJPY for this week.

Renforex

Check the "related idea" below to see part 1.