gerharddp43

gerharddp43

Here is my hypothesis on why I took the trade, 1) Pair in a descending channel since 25th of March 2) on the 8th of may the pair printed a substantial bullish pin on the daily 3) Bullish pin pierces my support area of 0.8814. 4) PA did not pierce below support to go and test the channel support 5) As per my trading system I enter on 50%'sh retracement of...

gerharddp43

Here is my hypothesis on why I took the trade, 1) Pair in a descending channel since 25th of March 2) on the 8th of may the pair printed a substantial bullish pin on the daily 3) Bullish pin pierces my support area of 0.8814. 4) PA did not pierce below support to go and test the channel support 5) As per my trading system I enter on 50%'sh retracement of...

gerharddp43 Updated 

Price went and tested the Ascending channel support at 83.8. entered a small short as a front-runner to channel support at around the 82.2 area. Will re-visit the trade idea then to either close or add during bearish break of channel support. final target at 77.22

gerharddp43 Updated 

Set pending sell order at retest of 1.3050 area after daily close back in to channel, and below resistance zone of 1.3050

gerharddp43 Updated 

Possibility to short from 50% retracement of D1 Pinbar on yesterdays close. Even though this is a counter trend position against strong upward momentum a reversion to the mean is due, as price action is somewhat overextended against the mean average As long as the daily close below Resistance Zone 0.68090 and 0.68317 my conviction will be towards a bearish...

gerharddp43

Short on 4H Close below Ascending Channel. GBP Pairs showing substantial volatility

gerharddp43 Updated 

the AUDJPY uas been advancing in an ascending channel since January 9th, yesterday's close saw a marginal bearish break of the ascending channel. confirmation to the down side will expose Support Zone 76, followed by 73. Trade time anticipation 11 tol 15 days. a close back in the channel will negate the bearish conviction and expose 78.7

gerharddp43 Updated 

NZDUSD Short

gerharddp43 Updated 

Looking to enter on retest and respect of 1286 support area, which is also the 61.8 FIBO of 2018 swing. target set on 1296, 1300, 1306, 1324, etc etc. the 1286 support zone was strong in the last few sessions. the two ascending channels also indicate a conviction to a bullish break, if the 1286 support area can remain intact,.