Still holding that long term short bias but am also open to getting another possible buy position.. trading for me is just entering at the most likely areas price moves from and then take what comes off that..
Nice risk reward trade idea off this current 1hr resistance which also lines up with the other pairs I'm looking at (AUDUSD pullback). Morning star formation on the 1hr so we should see price push up from current price!
So price making some nice moves giving us a nice direction for now... ill be waiting for a retracement to catch the next leg up!
Nice move up last night as expected so trade is running risk free and trading above that minor resistance I pointed out, Should see price tap into 0.99 where ill be taking some profit!
Price got messy so I closed my trade a break even, since doing that we seen another attempt to push back up so I will be eyeing out some more buys if price can make a right shoulder rejection off 160.500.
Stalking price very closely at the moment looking for another rejection, coming into London session may be a nice opportunity for price to make a bounce from this support for at least a retracement!
As always make sure stops are at break even if you took buy trades, price is in an area of 2 key levels as highlighted and can do anything from here... (create a right shoulder for a short) or ( continue long term continuation to the upside). I believe price will be slow and will be waiting for a reaction to the fundamentals before giving a clear direction!
Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star...
A bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio...
I have explained I'm looking for a continuation higher on USDCAD so if we can get a little retracement ill be looking to jump on long trades. 1.31000 is the main area I'm looking at so if we see some support or a nice spike into this level ill be entering buy trades!
Ill be looking for further rejections spikes into this highlighted zone for more easy buy trades. Price isn't making any real major moves apart from multiple rejections from this zone.
Looking for price to make an explosive move to the upside off the level we are currently rejecting at 0.68500.. Price already showing signs from the current price action on the 1 and 4 hour!
Price just starting to dig into a nice area of support down at 1.450. On the daily here you can see the nice short position I'm now looking at hedging my last little remained of the trade to now look at buys. A few more candles on the daily to confirm that this level is going to once again show support then ill be entering long term buys with a 50% take profit at...
Price has been trading inside the given Parallel channel for quite some time now . Price recently reached the lower limit of the Channel and got pushed up. Price seems to be retesting the support zone and as soon as the retest of 137.678 zone is done , i expect an upward move considering the fact that 50 EMA on Monthly chart recently crossed 200 EMA to upside . My...
BINANCE:BTCUSDT Nice Scalp BTCUSDT with STOCHASTIC with Risk Reward 1:2
Looking at adding some more buys if given the opportunity, 0.71 is an area Im looking at for a new support to continue the uptrend. I am also looking at the potential for a long term short if we can see a reversal from a further push higher.
At the time of writing this I'm still bearish on the lower time frames but we are now seeing price push into an area of support of 0.7 and is well overdue for a correction back the the upside.
As tensions around the world heat up so does the gold buys... if you traded gold during the trump presidency you know how wild it can be to day trade lol. As we see huge upside expect for some sharp sell offs, that's where ill be looking at adding positions for a lot more upside!