Background: - Yesterday candle close a long shooting star after testing 50MA, daily resistance and trendline resistance - Also noticed that recent daily candle couldnt close above 50MA resistance, showing bear is in control - From July onwards, price has been in a down trend, making lower swing high and lower swing low Entry: - Sell stop placed at about 10pips...
Background: - Daily chart currently forming an ascending triangle - Yesterday candle closed a bullish reversal hammer candle at the trendline support and horizontal support of 43.1 Entry: - Buy stop placed at yesterday candle high @ 46.0 TP: - Set at daily resistance area @ 50.0 (round number resistance) SL: - set at 50% fib of the reversal candle @ 44.5 (0.5...
Background: - Bearish reversal candle (shooting star) off daily horizontal resistance resistance @ 80.7 and presented a bearish divergence formation Entry: - Sell stop @ 79.36 (Trade triggered in the time of writing this) TP: - Set at 78.0 near to 50MA support and trendline support. - This area could be important as we are in a ascending triangle formation...
Background: - Bearish reversal candle after testing daily horizontal resistance of 129.1 and 20MA resistance - The reversal candle also occurred as a fake breakout of a multiday inside candle formation Entry: - Sell stop @ 126.949 (Trade triggered in the time of writing this) TP: - Set at low of the 7 October 2016 candle @ 125.0 SL: - Set at 50% fib level of...
Background: - Bearish reversal candle with bearish divergence formation after breaking out of 104.0 daily resistance Entry: - Sell stop @ 104.48 TP: - Set at 103 near daily 50MA area SL: - Set at 105.1 round number resistance area
Background: - Bearish reversal candle off daily resistance @ 1.71 after previous bearish divergence formation Entry: - Should have entered after 26 October bearish candle but didnt due to multiple on-going trade - After my #CADCHF short - 20 October 2016 trade TP-ed, thus free up a slot for another trade - Took opportunity with the pull back and entered at...
Background: - Multiple bullish reversal candle off the daily resistance descending support - Double bullish reversal candle formed after yesterday hammer candle in the multiple candle inside candle formation Entry: - Long stop @ 1.4315 SL: - 50% fib level of bullish reversal candle or set up candle TP: - Set at 1.456 - possible next resistance area Others: -...
Background: - Key reversal off daily resistance and 50MA resistance Entry: - Sell stop @ 0.7172 (Was triggered in the time of writing this) SL: - Set at 50% of reversal candle @ 0.723 TP - Set near recent daily low of 0.704 Alert: - only 1 reversal candle of the area
Background: - Key reversal bearish candle off the daily channel resistance Entry: - Sell stop @ 0.7512 SL: - Set at 50% of the key reversal candle @ 0.7578 TP: - Just before the daily channel support at 0.735 area Alert: - Only 1 bearish reversal candle, however based on previous action from the channel resistance, only 1 reversal candle to take it down....
Background: - Reenter short after my #CADJPY short - 19 October 2016 was stopped out by 1 pip at 79.41 - Daily reversal candle off daily resistance with bearish divergence - The Candle close below the reversal candle low after the rate announcement showed bear is in play Entry: - Enter market @ 78.756 since market has run quite abit SL: - Set at 79.30, above the...
Background: - Key reversal candle formed at round number resistance @ 80 with bearish divergence - However it is still quite far away from a higher resistance at 81 area Consideration: - Seems like a good set up however no trade taken for this as not to reduce exposure risk to JPY with my #CADJPY short trade still going on..... also JPY news release coming up
Background: - Daily reversal candle off daily resistance @ 79.2, round number area of 79 and channel resistance - Bearish divergence is also observed Entry: - Sell stop at 78.9, low of daily reversal candle SL: - 50% of the entry candle fib level at 79.4 TP: - TP1 at round number of 78.0 - TP2 at daily support area of 77.0 Alert: - Would prefer to enter only...
Background: - Price just hit weekly resistance @ 1.01 with a bearish close for 10 October week - Multiple reversal reaction off the weekly resistance area Entry: Sell stop set @ 0.996 after the 4th daily bearish reversal candle from last friday SL: 50% of the signal candle TP: Set at 0.984 near daily recent support and possible channel support area Alert: - If...
Background: - Bearish divergence - 3 bearish reversal candle at triangle resistance and daily resistance at 1.317 Entry: Short @ 1.3175 after 3rd bearish reversal candle off resistance area SL: Set at 50% of reversal candle @ 1.3245 TP: Set at round number 1.3 before triangle support Alert: Cautious of ascending channel support, to pay attention and future...
Entry: Short @ 1.55959 after 2nd bearish reversal day candle off daily resistance at 1.57093 SL: Set at 50% of signal candle TP: Set at 50% of fib level of 2nd bearish reversal candle