CHFJPY is currently looking good for a bullish move. In my previous mark up, i mentioned i would be keeping an eye on how price reacted around a daily timeline i plotted. ( I have attached that mark up below) As you can see, price broke above that trendline and continued to move higher until we reached a point of resistance where price as i would see it retraced....
We have seen price rally bullish and we may see price continue after price finishes what i see as a retracement. I have marked the grey line at 50% fib retracement and we see price is also creating bullish divergence. Grey line - Entry Red line - SL Green line - TP Risk exposure - 1% Risk to reward - 1:2
In my previous post i highlighted that CHFJPY had the potential to continue moving bearish. However since then , price moved higher than anticipated and is currently trading at 0.618 fib retracement level of the entire bearish move downward. I see potential for this pair to continue moving bearish as it is currently testing and trading a daily trendline with...
As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line. Green line- Take profit Grey...
As previously highlighted, we saw a potential bearish move on this pair. During the past week, USDCHF began to push lower and it is currently at a point of support where we may see price retrace to gain some momentum before prices continues to to push lower to our TP and to another strong point of support which is at the trendline. Entry - Grey line Stop loss-...
Price made a bullish run and met resistance before the Swiss Franc pulled back bearish (50% fib level) to the point of support where price is currently trading. From this level, price has the potential to move Bullish to the price level i have marked with the green horizontal line which is 100% of the 50% fib retracement. Entry - Grey line Stop loss - Red line...
Price broke bearish and retraced bullish. I have marked the grey line which would be a 50% retracement of the bearish move. Price has formed bearish divergence and potential to move bearish towards to green line i have marked. Risk exposure - 1% Risk to Reward - 1:2 Happy Trading All.
Price is currently at the 50% Fib level of that bullish impulse so there is a potential extended bullish move to complete 100% of the retracement. Bullish divergence is evident. SL has been marked. TP has been marked . Risk exposure - 1% Risk to Reward - 1:2 Happy Trading ..
Price is showing increasing pressure from the bears and has the potential to retrace the marked grey line which is 50% fib level of the bearish impulsive move. From there, i can potentially see the bearish move continuing and completing 100% of the retracement at the green level which is the marked take profit. I will also be looking out for bearish...
Looking for a 50% retracement on this trade to enter at the grey line. Entry - Grey line Stop loss - Red line Take profit - Green line Risk exposure - 1% Risk to reward - 1:2 Happy trading :)
Grey line - Entry Red line - Stop loss Green line - Take profit
Price has currently retraced to the 50% fib retracement level and Bearish divergence is evident. Price is currently looking good for a potential push lower to the price level i have marked with the green horizontal line. Entry - Grey line Stop loss - Red line Green line - Take profit Risk exposure - 1%
We can currently see this pair retracing thus gaining momentum and also creating bearish divergence for a potential bearish continuation. We can see the same setup on USDCHF. The grey line has been marked at 50% fib level of that bearish move. Should price move to the red line which is our SL, this would invalidate our trade idea. Our tp is marked at 100% of the...
Inverted head and shoulders forming on the 1hr time frame. Price is approaching the 50% Fibonacci retracement level and forming bullish divergence.
As you can see, price retraced creating a good buying opportunity. Price retraced 50% of the Fibonnaci retracement and met some solid support at this level. From this point, price has potential to carry on moving bullish to our Take profit. Price and RSI have also created bullish divergence, which we would use as confirmation. The stop loss would invalidate...
As you may have already gathered, I am a Bullish Trader. My edge is bullish, so I only buy and I don't sell. EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do...
Once again guys, we have another beautiful set up here.. oh btw, if you don't follow me already.. HIT THAT FOLLOW BUTTON. Right,Right.. Let's dive into the technicals. We have a nice Bullish run before price reaches that point of resistance where price starts to retrace bearish. As you have probably gathered, my strategy is simple and I would recommend everyone...
A decent opportunity for USDCAD has opened up on the 1hr . I will be looking for price to retrace 50% of that Bullish impulse. Should price move to that zone, i will be entering with 1% capital risked. Both Stop loss and Take profit have been marked with a risk to reward ratio of 1:2. Remember to always manage your risk on every trade because no trade is...