Decent setup !!! Closed trade manually and managed risk correctly by monitoring P.A - exited after bullish hammer rejecting the BE zone!
if we break higher on this reversal it could see a tightening range turn into a change of momentum with short squeeze. if we stay beneath this pivot and trend continuation we should see bottom of envelope and lower horizontals.
GBPJPY has displayed a continuous pattern ..it has mover to retest at 166 wait for a but signal and move up to 177.
Looking to see if we can see a push from the current area or maybe a little dig down into the 0.99 support for then price to continue the upside rally to the last long term lower high... either way we should get a small move up so will look at entering and moving stops to break even..
No trades at the moment but just sharing the area ill be waiting if price can make a retracement to it. If price does make that short term downside move ill update the reversal moves ill be looking for from there and hopefully we can catch that next leg up!
Looking at adding a buy position for price to continue this upside momentum... We are seeing nice signs all ready so the next few hours heading into London session could be a nice time to grab an entry.
Quick Post tonight! Covering the Technicals of AAL ~ American Airlines! Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence! We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking...
Welcome back! Let me know your thoughts in the comments! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
There is a shortage of US dollars. The Swiss National Bank has basically borrowed nearly $6.3 billion from the U.S. Federal Reserve's currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. This is the SNB having to provide liquidity for US-denominated debt holders in and around Europe and...
Hello dear traders. We recently saw that gold has strongly reversed from the 1615 level. I see a break of downtrend structure by forming a new higher low and a new higher high. The Mid-term trend is starting to shift into sideways fading the bearish momentum. Fundamentals due to global status they neglect the bearish bias in my opinion. NFP impacted only for a...
Hello Traders, Just got a short trade at EUR/GBP pair. After tracking this pair all day made decision to jump in a short position, after price been rejected. Thanks
Flags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I...
The US dollar has fallen from its highs, so now I am looking for a continuation higher for the EURUSD.
Waiting for a possible second leg up, or small scalp only. Watch levels on the chart. Good luck traders
This descending triangle pattern on the 4-hour chart of the CAD/CHF currency pair offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line denotes my take-profit level. I will set the stop-loss level to the triangle's...
Welcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...