Looking to trade the bounce off the major support (marked the false breakout with a yellow box) Now that the impulse move has shown a retracement pinning the 61.8 Fib level making it good for a buy with a strong risk to reward ratio... I am buying at market price @ 0.70628 and TP @ 0.71601 (resistance) and SL below the low @ 0.70454 The market offers no...
Resistance tested as support and a buy signal (hammer) has printed. I am buying @ market price 111.379 with TP @ 111.986 and SL @ 111.059 Stop just below the support and take profit at the resistance level
Price has been hanging around the supply zone for a while so I have been looking for clues to short. We now have a small support that was broken and tested as resistance plus a bearish engulfing pattern has printed Short @ market price 146.935 and SL above the high of the bearish engulfing pattern @ 147.935 and TP at support lower down @ 144.584 Don't bet the...
There was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed. Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal... Shorting at market price 1.93895 with Stop loss placed just above the bearish engulfing pattern at...
Price has reached the resistance level and printed a doji. Given how close this is to the complete high I am shorting NOW at market price 1.33655 for a good risk to reward ratio... Enter @ market price 1.33655 with Sl only 24 pips @ 1.33891 and Tp lower down @ 50% fib retracement of the bullish move @ 1.32548 (109 pip target) I am prepared to risk the 25 pips...
Shorting at market price 127.128 now False breakout indicated by key level on D1 and W1 timeframe Stop just above the high at 127.613 and Take profit provisionally at 126.197 (previous resistance level)
The resistance level has been pinned and price is around a key supply zone on the Daily time frame - I am shorting at market price with: Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and Take profit lower down at the support level at 0.99256 This trade offers a 1:3 RRR Don't bet the farm and always...
This is a classic example of the TLS trading system using price action: Trend = down Level = resistance Signal = bearish engulfing (and a hanging man with confirmation) Stop loss @ 1.32199 and Take profit @ 1.30871 30 pip risk for 100 pip reward Dont bet the farm and always exercise healthy risk management :)
When checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking...
Going long on USDJPY 1. Price pinned the 50ema 2. Bullish engulfing candle pattern completed My stop is a tad below the moving average at 110.110 and take profit below resistance at 111.042 This set up is purely based on doing buys if price is above the 200ema using it as a trend filter and then the 50ema for entries targeting previous highs. This trade has a...
Breakout occurred followed by a re-test of the support as resistance. I am shorting @market price 1.87689 with my stop placed above the resistance level at 1.88672 and my take profit provisionally @ 1.84539 just above the support when using the swing low on the left marked with a yellow bar Don't bet the farm and always exeercise healthy risk management. This...
USDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control.... Note the following: 1. Trend line broken to the down side 2. Support re tested as resistance and the candle popped a wick to the up side (clue) 3. 50 ema broken... I am shorting at market price @ 1.000281 with TP...
FX:AUDUSD Trend = up on H4 + D1 I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly. I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach,...
OANDA:XAUUSD Notice how the resistance level aligns with the 61.8% fibo retracement? I will be looking for a buy signal within the 1296 - 1301 range More details to follow!
FX:USDJPY Welcome back to a new trading week :) Following some bullish trade ideas from last week and the week before, long orders were closed with little profit as the charts slowed down on the bulls and started to bring signs of bearish price action to the charts... I have applied the top down method in analysing to find on W1 and D1 time frame corresponding...
FX:AUDUSD After the massive wick I have been looking for a decent entry to go long. (I use the wicks as indicators - spike to the low, price goes up - spike the high, price goes down) Now checking on H4 I see a clear opportunity with great up side potential. 1. Trend line broken on H4 2. Bullish engulfing pattern printed on D1 (on support) 3. Hammer printed...
Breakout from the bullish flag pattern on H4 Open buy @ market price 109.738 Stop loss @ 109.067 below the low and Take profit at previous resistance @ 110.513 Note the hammer that pinned the 21 ema - buy signal... Don't bet the farm and always exercise healthy risk management.
FOREXCOM:XAUUSD *Trend bias = up * Good support @ 1280 * Bullish engulfing pattern completed and we have the wicks indicative of new lows being rejected Going long @ market price 1285.53 with Stop loss below the lows @ 1275.84 and provisionally targeting the 1296-1300 level Don't bet the farm and always exercise good risk management.