alex29cdo

alex29cdo Updated 

Trend pattern of higher highs and higher lows point towards a new higher high within the pair, opened a long position at the beginning of the newest higher low hoping to see the fifth touch on the top trend line. Stop loss has been moved to zero and profit is currently £20. TP1 - £30 TP2 - £40

alex29cdo

Today I placed a short trade on the EUR/USD major pair, the trade was signalled from a symmetrical Triangle pattern entering the trade at the top of the fourth trend touch, breaking down to TP1 retracing and then carrying on to hit TP2

alex29cdo

The symmetrical triangle pattern has reoccurred and is showing signs of breaking down even further in the USD favour, profit target 1 for this trade is £20, profit target 2 is £40, stop loss is £20.

alex29cdo Updated 

I published my idea from the early stages of the symmetrical triangle, I opened a short position at the top of the 5th touch, within an hour the price fell and broke out down to the next support level. Profit, £40 Risk 0.5% SL £15 TP £40

alex29cdo Updated 

Per my last idea the trend seems to be following into the footsteps of a symmetrical triangle rather than descending, either pattern looks to be preferring the short position

alex29cdo Updated 

This could be a load of rubbish as we all know but if the current trend proves to be a consistent trend that we have all seen with triangles, this looks like the most viable way of a downtrend we can predict... hopefully we can see a breakout today from the descending triangle, the ghost pattern I have put on is for visual aid only.

alex29cdo Updated 

The analysis in my previous post was correct, shorting the EUR/USD resulting in a £44 profit, it’s currently bounced off of the Next major support level, on target to reach TP2. Stop loss still at zero however closed half trade at TP1

alex29cdo Updated 

Although I would like to see the Euro soar higher, could this be a major indication that the Euro might start to reverse? I’m going to monitor the EMA closely on this one to choose my entry point but I have a feeling if it does not make new highs, sellers are going to step in sooner rather than later.

alex29cdo Updated 

Waiting for a potential short entry for a day trade, potentially a swing if prices keep falling.. clear indication of a market reversal from the triple top also

alex29cdo

Analysis shown previously that breakout was probable to the downside, if it breaks Support 1, trend may continue to support 2, Profits on this trade so far £23

alex29cdo Updated 

I entered a short position just after price got rejected at the top of the channel on the 1D I am currently at a profit of £25.. half way to TP1, stop loss has been moved to break even however had my stop at the top of the bullish tail.. hold position until I reach TP1 and wait for the retracement.

alex29cdo Updated 

See my previous idea for analysis

alex29cdo Updated 

I’m no expert but this looks like a great time to go short, analysing the chart the sellers are clearly in control and a head and shoulders pattern has formed, this is usually a bearish pattern. Stops and TP are just an example.. happy trading and sorry if I am wrong

alex29cdo Updated 

I think now would be a good time to consider selling off on this huge bullish trend, it has hit a milestone in price and I am fairly confident we can see a retrace in price. Now would be a great time to make this decision, quite an aggressive trade but a confident and probable trade to say the least. Short the Euro? Tell me your thoughts..

alex29cdo

Massively over bought Euro is showing signs of weakening, a descending triangle has formed and maybe the start of a bearish trend, let's see if the probable becomes a reality.