AUDUSD: Buying at EMA 10 touches. SL is ATR. OA is uptrend.
US oil output in decline, rig count data dropped below 500; these are the two main fundamental drivers of WTI crude oil. I expect to see profit taking in oil longs around the 41-42.50 levels. In FX watch out for CAD and NOK directions.
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...
Caddy approaching serious technical support zone (1,33-1,34) -200 dma + trendline Need to watch for crude oil price as USDCAD and WTI intraday correlation is very strong. Also waiting for bullish reversal candlestick formation, not opening position without seeing that. Fundamentally both US and Canadian GDP figures outperformed, inflation momentum is picking...
Elliott Wave Principle this 'theory' of linear charts. #China & $OIL - these are two indicators which in the next week will lead the markets. This is not my favorite scenario - but carefully short near the #EMA55 would not hurt .... GL! thepatternsite.com
Hi Everybody Hereis my last Lovly Design to make an Easy weekly trade. On the UP it's a Classic Kama line crossing Pivot (Pivot is definitly the more secure Starter point to launch your trade) So at the time it's not crossing nothing to do. On the DOWN it's my 100% Creation Cartoon Trade hahaha It's ::: 2 EMA "Green Mountains" with the same Period and with a...
USDJPY approaching the bottom of the range. Looking to go long to that 123.60 area. Tight stop below 115.70 .
Very good point to go short on GBPUSD, as this level meets the EMA200 and 0.382 Fibonacci level as resistence levels.
Here we have a nice Gartley set up approaching on EURCAD with some nice confluence. Reasons for entry - Gartley pattern (If it completes) - Down trend - Supply zone - 200 Exponential moving average
EURUSD: EMA 50, EMA 200, trendline confluence. SL is ATR. Fibonacci also align at 0.38
EURUSD: EMA 50, EMA 200, trendline confluence. Stop loss is ATR
USDCHF has finally met my set up after a long waiting. The market is on a strong uptrend (based on 200ema) It has experienced a pull back and currently the price is on the buy zone (the space between 20ema and 40ema) There is now waiting. I will take a long position targeting 20 pips. Lets wait and the if the market will favour us.
We're entering a new option chain cycle that will recalculate my cycles for the Cover-Return monetized Intrinsic price- to mid February. Given the recent prevailing bearish move on market performance the cosmic forces that govern Fib Ratios come into play. (Einstein and Planck came to me a dream last night to show me the equations.) The 144/377 EMA sweet spot is...
If price action drops to 0.76013 we will have this bullish bat pattern completed. So putting my buy limit orders now. Hopefully it will be finned by today. I am expecting a reversal to 0.76606 and 0.76966 next.