conappleton

conappleton

Here's a trade setup that I was looking at earlier today. Unfortunately I missed out on the big move due to work commitments, but no matter! I'm interested to see how price reacts when it reaches the next key level @ 116.200. There's a few scenarios that could play out here, I'll break them down below. Scenario 1 We see a move past the last peak and a...

conappleton Updated 

Here's a trade that I took yesterday on AUDJPY. Currently +38 pips in profit and trade is developing nicely. We have broken below a major key level of support, and currently retesting this level too. We look set to respect this retest and continue moving to the downside. I will also be setting my stop loss to entry and removing all risk from this trade.

conappleton Updated 

- Respecting 0.786 fib level at a KEY level. - Bullish engulfing formed over night. - Bullish pressure breaking out of this consolidation zone. - Next key area is 1.08140, so there's a lot of potential for a move to the upside without much resistance.

conappleton Updated 

- Double Top pattern - Rejecting a key resistance level - Bearish Engulfing candlestick

conappleton Updated 

Here is a trade I am looking to enter on USDCAD. My current bias is BULLISH, here are my reasons why; 1) Touched a key level and currently failing to break below. 2) Spinning top candle forming may indicate a move in the opposite direction, as selling momentum has slowed down. 3) We have seen multiple touch and bounces to the upside at this area before. 4)...

conappleton Updated 

Here's a trade I've taken on GBPUSD. 1) Clean BEARISH rejection from major key level. 2) Recent BEARISH candles are being met with indecision candles, which indicates to me that the market wants to reverse in the opposite direction. 3) There is no clear uptrend in this area, so I predict a push down to 1.28900, then we may be looking to either go bullish or be...

conappleton Updated 

- Closed above a key level (indicating a good level of support). - Recently created a HIGHER LOW. - Dragonfly & Bullish Engulfing formed over the last few days. - 20 EMA just below price. (High impact AUD news tomorrow may have close correlation with NZD price action)

conappleton Updated 

Here is a pair that I am watching closely... I have outlined three different routes that price could take from here. The main factors that will be deciding the next move from here, are as follows; LONG - At the top of a key ranging area, with a lot of BULLISH pressure to move upwards. - Recent HANGING MAN candlestick could indicate move higher. - Although a...

conappleton

Here is a trade I was looking to take on USDCAD yesterday, I believed we had a strong chance to push higher, with 1.32500 becoming a new level of strong support at a key level. Unfortunately my analysis was incorrect and price made huge moves to the downside today. I'll be looking at price tomorrow and see if we can create a pull back. If we do, this could set...

conappleton

I've taken a SHORT position on AUDJPY - here are the reasons why; 1) After a failed trade this week, price has clearly broke trend and then respected the retest, putting confidence on my BEARISH bias. 2) Chart is forming a possible head and shoulders pattern, it's looking like we are currently forming the right shoulder, which indicates a move to the...

conappleton

I have entered a long position on EURUSD for the following reasons; 1) Jumping late on this move - but I still believe there's a lot of potential for moves to the upside in this bearish market. 2) Recent touch of trend line and strong rejection indicates moves higher. 3) Close above fib 0.618. 4) Close above 20 ema supports bullish bias. Let's see how this...

conappleton Updated 

Looking at taking a SHORT position on EURGBP. 1) Strong bearish trend, nearing a touch of the 4HR trend line. 2) Good level of support at 0.91200, with fib level just above, this correlates well with the trend line too. 3) Looks like we have some bearish candles forming on the lower time frames (possibly a hanging man) As always I will wait to see how price...

conappleton Updated 

I'm looking to BUY AUDJPY in the near future. We are currently seeing a double top forming at the 76.000 area, with price making an aggressive rejection, failing to break and make fresh highs. 0.382 fib level has been a reliable key level in the past, and as acted as both strong support and resistance. I'll be placing an order at 75.630, here are my reasons...

conappleton

EURCHF short term

conappleton

I believe that we will see a retest at the 76.700 resistance area, then a break of trend and a shift to the downside. Please let me know your thoughts.

conappleton

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