Keeping it simple. Multiple long positions expected to be taken over the coming couple of weeks through to FEB Attached LTF charts in a photo - not sure if we will see the pullback to entry on my lower timeframe charts. Need a channel break and retest to confirm but MACD divergence on 5m chart is giving us a clue we may see some small pullback before a push to...
Hi Friends. Its been a while since I last posted a trade setup and I would like to think my trading has improved significantly in my absence from TradingView. Next week I am looking at shorts on GBPAUD. Looking nice on all time frames I use to be honest. M W D 4H 1H and 5 Mins. Approaching monthly resistance zone highlighted by the blue rectangle area. ...
Last week we saw an upside breakout of our accumulation/consolidation zone between 1.16600 and 1.17200 with price accelerating up to 1.18400. The close of trading last week on the market left us at an interesting level where, in my opinion, we could see 2 possible setups. A break of the CTL and weekly resistance pushing price back up to retest last weeks highs...
Price peaked at 1.97 with a nice evening star candlestick pattern. We then dropped down to the 127.2 leg of the last wave to form the start of the new channel we are currently in. d leg confirmation at 1.96600 making the channel parallel. Looking to short on confirmation and retest and rejection in confluence with tl and 50% fib level.
need to break rectangular zone before taking any short positions.
Wow what a week, 5/5 loosers! this is my setup for GU.
Will enter this next week as we have seen price come back to test the rectangular range and a nice daily closure rejection. The zone has been in use for a very long time if you look back through the chart. Now that we have had a confirmed retest and a rejection in my opinion we are now 'eligible' for want of a better word, to make new higher highs....
May see a bit more consolidation in range before downside so will wait for a break of 1.28200
Aussie monthly – testing support area around .77500, also in confluence with red TL and beginning of a high price volume area. Weekly – Support zone highlighted and confirmed by recent weeks PA interacting with the level. MA cross and rsi looking to conincide with pa too. Daily - PA double bottom on support area failing as yet to close below red TL I have...