Flag/Wedge/Consolidation - whatever you want to call it, this pattern usually results in a positive continuation. 2 Unit Play 1st TP at 1.3759 and move SL to Breakeven 2nd TP at 1.3768
Inside bar signaling further downside. Stop is above mother bar and TP at major support
Two plays, both with the same entry. One play is short term while the other is more longer term, reflected by the wider stops and take profits. Reasoning is that there might be a trendshift with the broken upwards trendline. Yesterday's candle was an inside candle which might be a sign of further downside. Limit sell orders about twenty pips away but within...
Short on retest of the neckline - I will set an order until the NPP number and if it is not hit before the number, then I will wait for the news. My view is that the number will beat expectations and the dollar will rally. If dollar sells off, then we could possibly get a better entry, given that the price doesn't exceed the right shoulder.
Inside bar today, possibly signaling a bullish movement next week. It also broke out of the trendline. Stop placed below the "mother" thursday bar. Taking profits at the resistance. Long limit is placed about halfway down today's candle because the RR would be too low if we enter at the current market price. ideally the PA retraces a bit and then closes in the...
Seeing another confluence of support, trendline, and the 100ema. This worked well last week and may or may not work again. It already bounced off the support a bit today, creating a tail (but the candle has not closed yet). Might be a good idea to go long at the support aroung 92.63. Stop is placed below the tails. Going long until the recent highs. Please...
Seeing a long tail at the major resistance at 1.0550. You could also do a limit order at the resistance to further reduce the risk. The major risk in this trade is the bullish trend. If this pair does go down next week then think about taking profits, because in the end, the trend always prevails. Stop is above the tail and taking profit at the recent...
Yesterday's candle closed with a long wick on the major support. We are going long again on the basis on the range. The major trend is bullish and the market has been consolidating for the past month or so. The risk is the triple top, which is why our target is at the top of the range. Please leave your comments and opinions!
The obvious risks are the Head and Shoulders and the recent double top, but I think there is a good RR available by playing the range. A tight stop of 40 pips and a target at the top of the range for 200 pips.
Bearish engulfing two candles ago and insde bar yesterday. Shorting until recent lows. Stop aboev the daily yesterday high
Retested the neckline of the double top but rejected with the bearish engulfing candle. We are targeting the 550pip range of the double top, which is at 1.39.
Tail on thursday, red on friday and gap down today. Gap was filled recently so we will go short now unitl the major support
Bearish for a few reasons: Tails at the end of last week at the dynamic 200SMA resistance Gap down to begin this week and already filled the gap Trend is heavily against the trade
Looking for short for the following reasons: Rejected at the 200sma on Thursday last week Gap down today and filled the gap at a major support/resistance RSI Divergence The Double Bottom has already played out
Time for a reversal. Today's candle opened up with a gap down. It recently filled the gap, so now we are looking for a lower move. Targeting 300 pips at the lows