Dollar has met a clear support level based on 4hr and daily support and resistance levels. If support Breaks, next level is 96.2, and third VERY bullish order block is at 94. If you are a swing trader, place stacked buy orders at 96.2, 95.4, and 94
Easy set up to trade here. We have a clear downward trend forming on USDJPY and a nice range for multiple short opportunities. We have price coming back up to touch a major former support level, now turned resistance. This resistance level coincides with a diagonal resistance from its current down trend range. Easy 500+ pip short
There is a clear confluence of horizontal and trend resistance. I'll be opening short on GBPJPY on Monday. 160 is the first target. 2nd target is 148
Alright guys, for all of you day traders who like flipping every few hours, there is potential money to be made. Under the premise of keeping things simple, just trade 1 and 2 hour charts for now. Buy long once you get a close above the moving average and sell a few hours later once you see reversal patterns. We are experiencing higher lows, so we may have...
I've recently decided to simplify my trading. I had always looked for volume changes, complex patterns, and using fibs like Leonardo Pisano Bigolo. I work 80 hours per week while being a full time graduate student. I could no longer justify the countless hours eyeballing charts. So for now, I'm keeping it simple. Buying long when above EMA with MACD confirmation....