Against trend but long after 200sma support held recently
AGU - Head and Shoulders and Inside Bar Target = 100 Also, I'm guessing it will retrace to neckline. I am entering now however because of today's inside bar.
The 1.6430 resistance has been giving the pair some issue. Perhaps it will form a triple top. Given that, this trade is still against trend. targeting the major support at 1.6222
Tail at a major resistance. Targeting next major support at 92.30 area.
Bearish tail on the last weekly bar at a major resistance/top. Looking to retrace to 128, the next big major support.
The 200EMA has not been kind to this pair, serving as stiff resistance on each test since 2011. Although the recent bull run has been strong, I am bearish for this week, looking for a retrace. There also seemed to be a double bottom the formed with last week's breakthrough of the neckline at 1.57, so that'll be interesting to watch. Because of the double bottom,...
Two tails now at a major resistance. Seems like bulls are losing momentum. The 200ema is providing some support but hopefully wont hold. If price breaks below that then next major support is .7500. High take profit trade and fairly long term. Be willing to hold for a few weeks for price to play out if necessary. But we also have a tight stop not too far away from...
Inside bar yesterday. The inside bar from three days ago worked really well, so let's see if we can continue the downtrend. Looking for about 100 pips.
Going short after the pinbar which touched the 100EMA. Against trend. Also key to note, is the double bottom from August. As a result, this trade is fairly risky, but let's see if it can continue its major downward movement from the start of 2013.
Pinbar at major support. Trend is heavily against the trend, which increases the risk. As a result, we need a high RR and a tight stop. Target 2013 highs at 1.0550 and stop below the yesterday's low.
I don't trade gold, but I see a nice setup with a good R/R. Long after the bullish tail last friday.
Opened trade before close on Friday, but forget to publish on here. Got in at 106.82. At a major major resistance, but trade is with trend and the tails signifying the buyers might be gaining control to push it up. There was a false breakout last week and then a pull back. Hopefully we can breakout for certain this time
Did not enter a few days ago when the pinbar actually happened but feel okay about it now. Against a heavy bullish trend however. 1.4775 was a major top back in May as well.
Bullish tail on yesterday candle after buyers at the 99.00 mark, signifying that we probably won't go lower from there. Looking up now - next target is overcoming the major resistance at 99.90.
Short after inside bar - there have been multiple ones in the past week but I was not too comfortable with the past ones because of the trend. I am getting in on this one, because of the tight close stop above the mother bar. Short until the major support
Seeing a pinbar from yesterday - probably should wait for confirmation, but then we would enter the trade too far away from the support.