matt_forex

matt_forex

Price was in an uptrend, then began to move sideways, but within the preexisting uptrend. Price broke out of the range, but this break was false. Since then price has made a higher low, but also lower high. indicating the possible formation of a triangle. A break of the trendline I would be looking to see price approach .8924, if price breaks to the upside I...

matt_forex

Price was in a range from the 6th to the 12th, when it broke out. The break out move was a measured move of the prior range. PA then declined to the support of the prior range, and once again tried to break out to the upside of the range, but was strongly rejected. PA is currently pushing against the resistance point of the prior range, which also happens to...

matt_forex

After the strong rejection @ .86, waiting for PA to move back to the trendline will offer a better R:R. over all NZDUSD is making new 2 year highs.

matt_forex

See notes on chart. Also, ES is making a 3rd wave, it may pull back a bit after bouncing off resistance @ 1842.75 area. This would create a good place to enter, with a target of 1905-9. If the trendline is broken or price action moves sideways for 80+ bars the trade is invalid.

matt_forex

The 50 % fib re-tracement level taken from the Nov low and the Dec high creates a confluence with the .618 fib level taken from the most recent move up (feb low to feb High) Half of a normal buy position will be entered once price action retraces to around 138.317, the other half will be put on once price reaches the ascending trend line, with a break of the TL...

matt_forex

Waiting on a pull back to the rising trendline, before buying.

matt_forex

Bounced right off the trendline

matt_forex

Waiting for a pullback to the missed pivot at around 1.0901, where there is strong resistance, before shorting again. But first PA needs to break this resistance zone.

matt_forex

Price Action is bouncing around two fib retracements, and can't seem to stay above 1.3569 resistance. You could say the small up trend is a bear flag, but time wise it might be too long. I took a small short.

matt_forex

If price can break the the dotted line / congestion I'll be looking for the upper 93.'s as a target.

matt_forex

I haven't been posting many of my trades lately. Here are my last 2. I have been really enjoying the action in the Aussie lately.

matt_forex

EURUSD broke the trendline, bounced off the 50 fib retracement, which created some divergence (yellow lines). I am waiting to see what the EURUSD does as it approaches the prior trendline. Comments are welcome

matt_forex

RSI diverging from PA. as well as a possible measured move down.

matt_forex

Price action is approaching a trend line that developed in early Oct. i'm buying as price action approaches the TL, with support below in the form of Fib retracements.

matt_forex

There is slight divergence on the dollar index, which is converging with a support level.

matt_forex

There is some RSI divergence. waiting on a pull back. Before deciding what to do.

matt_forex

waiting on a pull back to buy

matt_forex

Currently waiting to see what happens here.