krissur

krissur

#Multitimeframeanalysis : On the weekly chart we can see price reacted to the trendline already connecting with 3 tops. The #pinbars support the idea that price is moving away from the trendline. On the daily chart we can see support got broken and is now acting as resistance also making lower higs and lower lowes. In todays post I want to sow you how I then...

krissur

#weeklychart : Like most major #currencypairs the #AUDUSD moves in clear waves and @priceaction is easy to read. Here we can see that price seems to have shifted from a Downtrend to an uptrend. #dailychart : When we thought AUSUSD reversed it came down one more time. After that we can now see higher highs and higher lows again so the trend on the daily chart for...

krissur

Reversals take time. The Dollar Index has been bullsih most of 2018 and it is now showing signs of slowing down, consolidating and/or reversing to the downside. Ofcourse this will offer great opportunities for the dollar related currency pairs. Last week the trendline on the 4 hour chart got tested and rejected but at the end of the week it got broken again....

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OIL just moved into a major support zone where price is likely to react (it somehow did already). I would like to see more price action confirmation to be calling this a reversal. On the 4 hour chart price is still making lower lows and lower highs and a trendline is also still supporting this direction. A break of this trendline would signal a reversal for me...

krissur

NZDCAD moved to the downside in a very clear channel and has now broken out with some strong green bullish bars. My bias shifted to long so I'm looking to get in to the upside. Take a look at my previous idea where you can see I called is early and made a great run/profit.

krissur

USDCHF is yet another USD related pair that has been trending for some time but now it has come to an end. And since “the trend is our friend until the end when it bends” we closed our long positions and are now looking for short positions. Next week we will get more information on the new horizontal support and resistance lines as well as a new trendline.

krissur

Bitcoin did break out of the downward trend and rallied a little bit. Right now price is moving in a sideways range. There're two of ways to trade it: a) Stand aside untill price starts trending again (breakout) b) Trade within the range. (long or short as long as your stop is set outside of the box in case price starts trending again) Keep it simple!

krissur

Price broke out of the channel with a strong green bullish bar! Momentum shifted to the upside for now. I closed my short positions and I’m starting to enter long positions from here. Watch price action closely to draw new support and resistance areas and trendlines to know where price is at to manage your risk.

krissur

They say never fall in love with a stock… Well Mastercard, I love you. I made so much money of off this stock! And we’re about to make more. Wait for it to pull back into the trendine again, go long and Swing your way back into profits again! No need to make things complicated, watch price action, look for reaction zones, manage risk and become consistently...

krissur

Keep it simpel, EURCHF broke its trend (for now) and is looking to head back to the bigger time frame trendline. For now, I’m short. Price got rejected at the 1.20 level, for those of you who don’t know that’s the level where the Black Swan event started a couple of years ago. This is a level where price rejection was expected and now we can see it’s actually...

krissur

GBPCAD look strong moving up but “The trend is your friend until the end when it bends”. Well, that time is now. Price even broke the 1.76000 trendline on the bigger time frame. I’m looking to get in SHORT on the first pullback. Probably around 1.76400. TP 1: 1.68000 TP 2: 1.59000 Also check out my analysis on the GBP Futures:

krissur

The Great British Pound is not so great anymore. Terrible numbers hammered price down and now it also broke some critical levels. Now that 1.3730 is out of the way I’m looking for a pullback into these levels to get ready for trend contuniation (short) on different currency pairs. I’ll link this chart to some setups we’re seeing now.

krissur Updated 

A pullback within the uptrend channel. Wait for it..... wait or iiiiit.... ;) Better price for going long is there, manage your risk, plan your trade and trade your plan

krissur Updated 

The Dollar Index (DXY) has been in a long term downtrend and once again price has reached the trendline. Will it break? That’s the big question Forex traders are looking at right now. Price has been in consolidation for a long time and if the trendline breaks we can start to see the DXY trending again and this time that will be to the upside. I prefer to see a...

krissur Updated 

We saw a strong move up on friday. Overall ths trend shifted not to long ago so getting in on this trend is very interesting from a Risk-Reward perspective. I want to see if price breaks the the 4 hour inner trend resistance before going long. a second and even better entry would be aroun the support trendline on the Daily chart. I'm looking to go long on this one...

krissur Updated 

Here I start to look for clues to get back in to the upside. Price action on the 4 hour chart need to confirm that move and the trendline needs to stay respected.

krissur Updated 

It looked like the EURGBP was going to break out of the range and start trading lower but after a fake break out momentum didn't pick up and with recent GBP bearish news price has turned around. Looking for a pullback to enter with a Profit target at the upper side of the channel.

krissur Updated 

On the weekly chart we can see price is moving within the 0.72000 and 0.78000 area. Price already turned around. With price currently at 0.74750 there is enough room to the upside. On the Daily chart we can see price just finished a pullback and is now moving back up again coming from the supporting trendline. Horizontal support is at 0.74150. Therefor with...