Price reached resistance trendline on the daily chart Initial bearish engulfing candle last week, then 3 bullish candles followed by a break of resistance trendline, however this can be said for UJ as well, and that's going up. Upper wick of that candle is longer than the body, so i'm inclined to go short on NZDUSD Very weak USD due to news today, I take it as...
If you look at the related idea you will see the profits made from the previous AUDUSD daily trade. This trade uses the exact same blue line as entry point for the short. Place stops above blue line and enjoy the ride down with me once again. Do not be alarmed if the trade heads to the blue line again. Every pass under the blue line is another entry point....
4H Gold Chart, also watch it at daily chart huge breaktrough monthly resistance and support, bounced of weekly support and now againt at monthly resis so i opened a short position at 1188,83 0.3lot
As you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol) Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered: -...
If breakout 1.58639 , Sell GBP/AUD until 1.50000, maybe 144700
Possible Bat Pattern formation on the daily chart. IPDE, expecting the market to hit my D leg which is 88.6% retracement for market to rally back up. * If a new C leg is form and its higher than my previous highest close, trade wont get activated. Lets wait to see how the market reacts in the next couple of days (*after the weekend) and hopefully enter this...
EURUSD is currently trading within a Potential Reversal Zone (Major support level). We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2. If price does not break TP 1, we expect it to continue on its downtrend...