TrainingTrader

TrainingTrader

Previous trade was invalid as price formed a triangle and broke upwards. Formed a inverse head and shoulders with a neckline just formed. Price need to break above neckline to be bullish Moving into triangle = bearish Current: Neutral. waiting for set up

TrainingTrader Updated 

USDSGD peak as the USD strengthen and the SGD weakened due to the coronavirus situation happening in SG. However price is weakening as price broke below the uptrend channel, retested and formed lower lows and lower high. (a new downward channel) Price has been respecting this new downward channel and just recently reversed from the trend line and 50EMA @...

TrainingTrader Updated 

Price has finally broke and managed to stay above 50EMA @ 1hr Price to enter 1] Now 2] When price fall back to support (previously resistance at most recent swing high) 3] Price rejecting 50EMA @ 1hr For Longer term trade. Reversal fully complete when neckline is broken and stay above the zone highlighted.

TrainingTrader

Price has a clear bearish pattern. Head and shoulders Retest of neckline and got rejected Rejection of 50EMA @ 1hr / 30mins Am expecting price to do a minor pull back to the resistance line and WILL ONLY ENTER when there is bearish candle sticks confirmation near or at resistance. Take profit @ the support line 0.8496 region

TrainingTrader Updated 

Reason: Reversed from 50EMA - Daily Reversed from Fib retracement 23% Reversed from key support level (previous resistance...first retest) Power of 1 (50EMA) - 30mins / 1hr (stop loss just below this level)

TrainingTrader

Broken support (bearish) Fib Retracement - price retraced to 61% and hit trendline resistance and reversed (bearish) When the downward channel broken towards down sell (very bearish!) Price is already in lower high and lower low pattern HOPE IT FALLS TO 1300~ GOOD PRICE TO BUY!!! this is long term view / setup

TrainingTrader Updated 

Price action respecting the downward channel. Price failed to stay on top of the EMA50 line Short all the way down to 0.105 (TP), while preparing to go long after.

TrainingTrader

1590~1600. the important price level that i will be looking at. 1] uptrend - bullish, above 200MA 2] 50% FR point 3] Previous highly important "top"/resistance turned support 4] will look for simple confirmation to get in i believe this is a very rigged market. do always place a stop loss and trade safely.

TrainingTrader Updated 

TRADING OIL: BUY THE DIP Will long: half of my usual position size now @ 58.80 half of my usual position size @ 56.25 usual position size @ RSI 1HR <28, 4HR <30, 1D <30 two times my usual position size @ 50.00 The current world news has been very uncertain with lots of tension which supports the likelihood of oil price increasing in the long term. however it...

TrainingTrader Updated 

In the 4 hour time frame, you would be able to see price is consolidating near key level. Supported by the previous days of reversing and failing to break further below after the break of 1485~ In the 30 mins time frame you would be able to see price is hovering near the previous high. Stop loss near at below the 200 EMA @ 4 hour time fram and below the previous low.

TrainingTrader Updated 

OANDA:BCOUSD CRUDE OIL INVENTORIES REPORT OUT LATER Current outlook: LONG Oversold under: RSI : 30 Mins RSI : 60 Mins RSI : 4 Hours. Price range now is also near support level. Market looks dangerous to go long but will be entering it to try and get pullback profit. TP: 63.30 Position duration: ~14 days