The Aussie Dollar was ranging for a couple of days after a strong bullish rally and had broken above the consolidation zone yesterday around the end of the NEW YORK SESSION. Price has since then made higher highs and higher lows and is now retesting a new support. We know this is a bullish market so we of course are only looking for buys. This setup has...
After price made a n extreme high during the asian session 2 days ago, price action has been bullish and has broken above that new high. On the 15 minute chart here we can see that Price is now retesting that major high with confluence with the golden fibonacci zone( the 50% and 61.8%). I will be waiting for price to come into the zone and give me some entry...
EA has been in a continous downtrend since the beggining of the year. On the 2H timeframe, price action consolidated for a while before breaking beow and retesting the new resistance it was now under. Price has now fallen below again and made a lower low and is now coming back to retest the previous lower low. There is also confluence with the fibonacii golden...
Breakout of the Descending Channel. There was a retest on the smaller M5 time frame.
Price broke out of the channel. TP is 30 pips which is the length of the flag pole. Price also retested the channel also. This is a great risk to reward trade. Lets see if profit targets get smashed.
After Price has made multiple attempts to try and break through this resistance level, I will be taking a short position here. My TP 1 and TP 2 are marked. Clean chart, simple analysis, Use risk management
EU has currently been moving in an ascendingchannel but has broken out an retested the trendline on the m15 chart. Ill take a short position if price closes below the lower wicks on the trendline retest. I will be targeting the bottom of the h1 trendline.
Clear break and retest of a previous significant level. There has also been confluence with the Fibonacci golden zone. Price should reach TP 1 which is the -27.00 extension quite easily because it formally wicked there before. That means that price has now wick to fill . Once the 0.00 extension is hit, I will set trades . both position to breakeven to protect...
Price is currently full of downward momentum. My bias is that price will continue to somewhere in the 1750 zone tonight or tomorrow. Price has made a nice little support on the m15 chart. The support is valid because the price has pushed up twice from the same area with major rejections. I have sell stop orders below the support, right beyond the lowest wick...
The double top that I thought price was making has now been formed. Price has also closed below the lowest candle which can be classified as a breakout. I belive that price will continue down for around 75 pips. After price is halfway there, I will set the trade to BE , and close some profit but ultimately I belive that price will fall here.
Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes...
The asian session has just opened. During the New York session price was able to reach the previous high. After a candle that doesn't have a shadow was formed at the high, a setup was begging to grab my attention. Afterwards there was a doji and a bearish candle afterwards. This is the makeup of the Evening Star pattern. My Bias is that this is a soon to be...
Price is currently testing the high with the opening of the asian session. There has been a hanging man candlestick formed. I will be going short here. Very SIMPLE.
Price has finally broken the trendline and is now retesting it. This is my other trendline strategy that I don't normally use but here is a perfect setup for it. Price is also below the 50 and 20 ema. My first TP is 30 pips. After 30 pips is acquired Ill set stops to breakeven and let the trade run to the final target of 50 pips.
Clear breaout from the ascending channel that GU has been traveling in for a while now. We have now got a nice break and rates with confluence from the golden Fibonacci zone. I will be entering a short here to target my -27.00 extension. I will set the trade to break even once 0.00 is hit and close Position 1 after -27.00 extension is hit. Im gonna let the other...
There has been a major break and retest shown on the H1 for GBPCAD. I have been waiting patiently for a nice entry and I have finally got my signal on the minute 15 Fibonacci retracement. Price has wicked my golden zone and is now beginning to fall away. My first TP will be at the -27.00 extension. Once TP1 is hit , I will set trade to BE and let the rest run to...
The descending Channel has now been broken out of and retested. I am getting my entry on the 15minute timeframe. I am planning to hold this trade for some days and possibly until next week. TP 1 AND TP2 are marked as they are the next support and resistance zones. Once TP 1 is hit. I will close half of my position and let the rest run on breakeven. Lets get in...
Overnight during the London session price was able to test the major 4hr Ascending channel trendline and the minature 1hr ascending channel Trendline. After finding a break and retest of the trendline from the bullish rally to the trendline, on the m15 chart, I will be going short here and will be targeting the bottom of the channel. If price hault at a support...