Another lower high established as prices resist at the 200 day ema. We can take a short trade (min. 1:1 RRR) as we expect prices top move lower. Updates daily in the VIP group chat.
Following the theme of our recent analysis this pair is now moving in the right direction, a long has been taken at 0.65600 S/L 0.6494 T/P 0.66860.
We pride ourselves on consistencet as we always say ‘trade with the trend’ & ‘historical patterns repeat themselves’ so we should be confident of taking a long as further upside propulsion is favoured. Note the MACD is smartly moving to a bullish position. Updates daily in the VIP group chat.
We highlight recent activity and pullbacks from the 200 day ema resistance level. A short opportunity!
Following on from todays analysis we have been triggered into our short trade idea. Clear structure is pointing for a short term price pullback as momentum aids confluences. Short entry level 2.02900 S/L 2.03200 T/P TBC.
Trades the trend breaks really efficiently so we’ll continue following these breaks. Place a stop just below recent low around the new bullish parabolic and respecting the 200 day ema as a resistance level. Updates daily in the VIP group chat.
Managed to get a near 2:1 RRR short set up. Sell entry 146.863 S/L 147.520 T/P 145.670.
Trades our analysis well and we have a new long opportunity in front of us. Respect the 200 day ema resistance level when incorporating your risk reward ratio in your set up.
Long potential in play as uptrend looks to be holding. We can buy 50% here and 50% once strategy conditions are met! Updates daily in the VIP group chat.
We see the widely followed Head & Shoulders pattern formation. A short is preferable as prices close below neckline support level 88.627. Adding confluence is that prices remain below the 200 day ema with bearish momentum.
News will determine the volatility and direction later today but technically we are set up for a long idea. Take ownership of your trading and be conservative in your risk allocation. Updates daily in the VIP group chat.
Long potential as we write this morning where we can aim for a 1.50 to risk/reward trade. Interest rate announcement due overnight so remember to manage your risk and trade proactively.
Current prices are stalling at 200 day ema resistance. Our sell level of interest to enter is at 0.67620 as the parabolics switch to a bearish standpoint. A sell stop pending order can be placed at that level with stop at 0.67960 and target at 0.66850. Updates daily in the VIP group chat.
Clear short set up in play as 200 day ema resistance holds and now momentum turning bearish. A close below the current illustrated uptrend would add confluence for further downside propulsion. Updates daily in the VIP group chat.
CHF weakness early morning brings to the fore a long in AUDCHF to get enthused about. Chart clearly shows how well this trades trend breaks when momentum reverses. Updates daily in the VIP group chat.
Right shoulder of a larger head & shoulders pattern in play......just saying? Once the parabolic SAR switches to a bearish position at 0.85400 level a short trade is preferable.
A buy stop level of 1.12560 is preferable as this is the level where momentum moves bullish with the parabolics - S/L 1.11960 T/P 1.12650. The 200 say ema support level is critical.
Following our momentum analysis this pair has performed well form us. Understanding the analysis and applying the methodology is the way to systematically improving consistency. Prepare, focus & action.