aud/usd market has been bearish for a while, we see price retesting at a previous resistance zone followed by a strong bearish trendline in multiple timeframes, indicating market's volume has a higher probability towards a lesser price. Let's see how the market plays out.
please keep in mind i dont day trade stocks, if i would i would take this trade, apple has been unbelievably bullish for a long time in multiple timeframes from high to low, price has retested a previous resistance zone which is now acting as support, giving us a long opportunity, lets see how it plays out
eur/chf market has been bearish for a while now for higher and lower time frames, we see the same trend for several days on the 1 hour timeframe, i believe this would be a decent entry point so i went ahead and placed some positions short, lets see how the market plays out
nzd/usd market has been bearish for a while as well, we start to see price decreasing and breaking support zone as it leaves it previous lower high from the trendline, i placed a few positions for short, if and when price starts to fall a bit more we can even place more positions to sell in order to increase profits, do keep in mind to keep proper risk management...
eur/usd market has been on a bear cycle for a good amount of time on lower and higher time frames, market seems to be respecting a bearish trendline and we see price has recreantly decreased, and even broken a support zone which is not acting as resistance, i took some short positions here, we will see how the market plays out
eur/nzd market has been bullish in higher and lower time frames, price has come back to a previous resistance zone, stochastic is indicating a over sold market, so i placed some long positions here, we will see how the market plays out
gbp/chf market has been bearish for a while in higher and lower time frames, we notice a strong trend line being respected, price has come back to a previous support zone which is now acting as resistance and the stochastic indicates market is over bought, i placed some sell positions here, we'll see how it goes!
market conditions for gbp/chf in the higher time frames has been bearish for a while, with that being said if we zoom into the lower time frames we can see a bullish momentum that has lasted for almost 2 months, a strong trend line is being formed, price has come back to a previous resistance level which is now acting as support (support level also matches with...
usd/jpy market is another market that has been bullish overall, as price comes to a recent support zone, rsi indicates a oversold market (indicators are never 100%), my assumption would be price is ready to buy again, when market opens next week, depending on the price at the moment, an opportunity for a buy should be available
going into the lower time frames in the nzd/cad market we can start to see volume building up and the trend getting stronger, i am holding few positions for a buy, we will see how market plays out
going back to the basics, audusd market has been bearish for a while in higher and lower time frames, price has come back to a previous resistance level and market currently indicates it is overbought, as i try to catch the swing, hoping price respects the level previously respected
eur/chf market has been a bearish market for a while, price seems to have come back to a previous support level, hopefully it will bounce back and respect it as a resistance level
aud/chf is another market that has been bearish for a while, even on higher time frames. Price has come back to a previous support level which is acting now as a resistance level, following a strong bearish trend line. I placed some positions for short, lets see how it goes.
I took some positions short on eur/chf last night and price did not respect the resistance level, i sold some more positions now as price has come to the right level, we will see how it plays out
took some positions short here, price has been bearish for a while, higher time frames have been bearish as well, price has a strong bearish trend line and has retested to a previous support level which is now acting as a resistance level, market is also over bought at the moment on the stochastic, all signs point to a sell for sure, we will see how this plays out...
not the happiest with this entry but still a solid trade, if you enter around the time of this post you might have a better entry than mine, lets see how it goes!
