Looks like it's bouncing off a resistance, overall trend is down, looking to sell down at this point. Let's see how it turns out over the next couple days.
This trade is not active yet please wait for the entry point and then open the trade.
Price is in between the 50 sma and the 100 sma Short Trade If price drops below the 50 sma in less than 8 bars Then Sell Stop @124.49 Sell Take Profit @ 124.00 Long Trade If Price stays above the 50 sma for over 10 bars Then Buy Stop @ 124.95 Buy Take Profit @ 125.30 SL 20 pips below or above 50 sma depending of a sell or buy Watch Macd for direction
Step #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platform come with default moving average indicators. It should not be a problem to locate...
FX:CADJPY Is starting a bearish impulse. The RSI is overbought and CAD stregth index is stronger than JPY
Hi guys, heres a short set up on UJ. As you can see, price is respecting the 111.40-111.50 level. This level has held firm in the past as a previous resistance and it is also matching up with my fibonacci reversal level of 78%. Not only have we got these the 2 confirmations, our trendline is matching up nicely with the prospect of a third bounce, which I believe...
For British pound and Australian dollar pair on one hour timeframe we can see Ascending triangle . The pair has recently reached its lower low on the four hour timeframe and it’s made its way to the upper side of lower heigh We are waiting for a break out from a resistance level which is located by 1.8475 once we see a breakout and a retest then we may look for...
FX:GBPCAD The price is on the 61.8% fibo retracement, GBP strength index is lower than CAD strength index and RSI line is being maintained in oversold. The price could reach 61.8xa to complete a gartley harmonic pattern or continue dropping to 161.8 fibo extension of second wave and 78.6xa fibonacci retracement
AUD/CAD on a 4-Hour time frame we're looking for short positions after a re-test at the end of the week. the structure broke through the higher low end to the resistance line at 0.9474 for the following week we will be looking for a possible retest and break through to the downside and hopefully hitting our take profit at 0.9425
The YEN pairs are all setting up for this same move. EURJPY has a large space to work with and a good Macd to help with the stop Long Trade Buy Stop @ 124.97 Buy Take Profit near the 50 sma @ 125.67 If Macd drops below Red signal line close trade SL @ 124.25 Wath Macd for Bullish confirmation
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD...
AUDNZD is hitting the resistance and the trend line from bottom. So there is a possibility that the price will move up a little, hit the resistance and go down. FX:AUDNZD
Focusing on this level (shown in purple). If a break of this level -- looking to short to next structure.
Pair is in a range Price failed a bullish breakout attempt Watch Macd for confirmation of direction Short Trade Sell Stop @ 1.1327 1st Sell Take Profit @ 1.1295 2nd Sell Take profit @ 1.1255 Find your SL
I entered on a Sell limit @ 1.3295 after FOMC news Sell Take profit @ 1.3237 from previous resistance level Find SL above closest resistance level
Price in a range Create fib levels at Swing Low and Swing high 23.6% fib has created a resistance level - several failed breakout attempts Price has created mini lower lows and lower high Decision point at sup level and trendline for price direction Short trade setup 1st Sell Stop @ 1.3225 2nd Sell Stop @ 1.3195 Sell Take Profit @ 78.6 fib level around...