Technician

Technician Updated 

Quick short term short trade as the price rejected from prior daily highs and formed double top on the four-hour. Short at: 130.90 ... T1: 130.40 .... T2: 129.74 .... SL: 131.25 ... Risk: 2% For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of...

Technician

A key area to watch for the USDJPY. I will be watching the area around 110.95 for a potential trade. A breakout above that area may confirm a bottom for the medium term as the price would complete a triple bottom formation and would target 114.35 main resistance of the overall sideways range. On the other hand, if we see rejection and bearish behavior on the...

Technician

I am waiting for final confirmation to long GBPNZD as the price could be completing a bottom. The resistance of a clear trading range between 1.7400-1.8000 area is being tested. If we break, major upside could follow. In trading, nothing is guaranteed, that's why we use stops. Best Technician

Technician

The NZDUSD completes a breakout below the head and shoulders neckline and support area around 0.7200 i outlined in my prior analysis . I will be looking to short on any minor upside pullback towards 0.7200. Targeting 0.7100 and 0.6975. Best Technician

Technician Updated 

Long NZDUSD at: 0.7265 ... T1: 0.7331 .....T2: 0.7400.... SL: 0.7230 .. Risk for Trade 2% Short term structural break as the price makes a new high above prior high. And that comes after testing the major support level i outlined in my prior idea For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or...

Technician Updated 

Shorted at: 79.25 ... T1: 78.57.....T2: 78.00.... SL: 79.70 .. Risk for Trade 2% Trend resumption after minor pullback as the price broke horizontal support. Falling trend line acting as resistance. For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk...

Technician Updated 

I have Bought EURUSD earlier today for a trend resumption trade, within the context of the overall bullish trend as we haven't broken the structure of the trend.. Multiple rejection on the daily. While FISHER indicator is showing bullish divergence on the four-hour chart. This is also based on my fundamental view on the pair and prior chart i posted here ...

Technician

Here is a real life example of a Downtrend on NYMEX Crude Oil Daily Chart. This example is intended to help you identify the downtrend correctly(Same procedure goes for an uptrend). It might look confusing at first sight. However, if you start reading the chart from the left hand side and move with the price action it will make sense in no time. Check image:...

Technician

If you hit the google search looking for the term “Trend”, one of the first results should be “A general direction in which something is developing or changing.”. And that is common sense and intuitive. The trend is a dominant bias in any aspect of life. For example, we could say that the trend for classic 19th century men caps is strongly dominant these days. And...

Technician Updated 

Key level is being tested. The neckline of the major head and shoulders on the daily chart which meets the 50% retracement level for the overall bullish wave around 0.7180-0.7200. Watching this support for either: 1- A bullish rebound: In case of confirmation of a long trade over the lower timeframe(four hour chart) i will be buying the pair for a first target at...

Technician

Looks like btc is heading for another jump. Today's rejection was perfectly at the rising trend line in addition to failing to hold below horizontal support at 3800 key and forming a bullish hammer candle. The btc trend remains bullish as long as the above support levels are holding. If we break we might get more to the downside. For now the upside is favored for...

Technician

I see oil heading higher in the coming weeks. As long as 46.50 support is holding. Targeting the top of the range near 55 resistance. I have posted several charts on the positive correlation between oil and copper in the past. In recent weeks, copper has been significantly outperforming oil, where i expect this divergence to narrow again and the two to...

Technician Updated 

Shorted at: 1.6230 ... T1: 1.6134 .....T2: 1.5939 .... SL: 1.6297 .. Risk for Trade 2% Trend resumption after minor pullback as the price broke horizontal support. Falling trend line acting as resistance. For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never...

Technician Updated 

Just Bought AUDUSD Long at: 0.7887 ... T1: 0.7959 .....T2: 0.8043 .... SL: 0.7854 .. Risk for Trade 1.5% This trade is also inline with my prior longer term view here For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a...

Technician

Following up on my prior technical view for the AUDUSD, which i published last month here .. The pair has pulled-back towards the previously broken horizontal resistance-turned-support around 0.7835 where it was rejected last week. And that may have confirmed the level as support. The price formed a hammer candle at that support, hinting a potential bounce back...

Technician Updated 

Looks like gold is heading for a retreat. Simple setup on horizontal clear resistance, in additions to bearish divergence on Fisher. The price action friday validated this resistance , as the price formed a shooting star candle. Will be watching the lower time frames as i am Looking to short next week keep posted Best Technician

Technician Updated 

I have Bought AUDCAD for a quick short term trade, within the context of the recent sideways range. The price has also completed a three drives pattern at horizontal support. While FISHER indicator is oversold. Long at: 0.9972 -- T1 : 1.0018-- T2:1.0070 ---- SL: 0.9946 ..... Risk for this trade is only 1.5% of capital. For more details and all Stats goo.gl...

Technician Updated 

Just shorted GBPNZD for a quick trade. Long at: 1.7676... T1: 1.7600 .... SL: 1.7715 .. Risk for Trade 1.5% For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few...