A good swing trade can be taken once it closes above the given resistance zone, can take targets till previous high. Not a advice, just sharing my views.
NZDUSD has already broken out fairly well out of its descending trendline and currently due to USD strength, it has fallen this week to around 70 cents. This fall offers a great opportunity to trade this pair LONG as the RISK TO REWARD RATIO is highly feasible TECHNICAL ANALYSIS 1. PRICE BROKE OUT OF A STRONG RELIABLE DESCENDING TRENDLINE ON BOTH DAILY AND...
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 0.70650 STOP LOSS: 0.71250 TAKE PROFIT: 0.70050 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 152.930 STOP LOSS: 154.150 TAKE PROFIT: 151.720 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.24360 STOP LOSS: 1.24940 TAKE PROFIT: 1.23790 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 113.170 STOP LOSS: 113.770 TAKE PROFIT: 112.570 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
A potential H & S pattern seems to be developing on weekly TF on AUDUSD. The blue lines represents concrete psychological support and resistance drawn from monthly charts. The right shoulder is yet to completed here! Shall it complete, we need to wait for vital confirmation: the monthly candle needs to close below 0.7000 level. After this a SHORT trade can be...
TRADE TYPE: BUY LIMIT ORDER TRADE DIRECTION: LONG TIMEFRAME: W ENTRY PRICE: 0.70870 STOP LOSS: 0.68600 TAKE PROFIT: 0.73100 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
Its a good pattern that has developed on this pair. To be able to trade this with certain confirmation, we need the daily and 4H candle to close above 1.25000 resistance. After this a LONG trade can be taken to target 1.26500 Monthly R1 pivot. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY...
Higher high at 1.42300 area could become a realistic target if the monthly candle closes above 1.4000 psychological resistance. Once this happens we can take this pair LONG to target 1.42300 higher high depending on Risk to Reward ratio. But before this, the descending channel must break convincingly. for this to happen we need strong impulse move which would...
On the DT frame, it has a bullish continuation pattern of the head and shoulders. Over the right shoulder the price action has answered the calls of the bulls forming an upward trend and a break and retreat of the 50EMA, 21EMA AND 180EMA. Buying 20% now and another 40% at the break and retest of $5.5 resistance zones. 40% as the Elliot waves progresses. We could...
Current RISK ON mood in the markets should likely propel AUDUSD higher as the economies around the globe try to recover. As china is dependent heavily on Australia on trade matters, we have every reason to believe that the AUSSIE will likely gain ground as the recovery in the Chinese exports continue. So from technical point of view, the question that arises is:...
AMEX:GLD weekly looks bullish. 20 EMA crossing back above 50 EMA with MACD crossing positive. It is just shy of breaking the top trendline so it might be wise to wait for that before going long. Last week's bar was a bullish outside bar right on top of both EMA's.
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.36410 STOP LOSS: 1.36930 TAKE PROFIT: 1.35880 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
Currently EURUSD is confined into a nice clear descending channel. However as the price approaches crucial 1.15000 monthly support, the RSI is indicating positive divergence. If the daily candle clears the descending channel and D EMA, we could expect this pair to climb towards it next resistance of 1.19000. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS...
TRADE TYPE: BUY LIMIT TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 1.23970 STOP LOSS: 1.23500 TAKE PROFIT: 1.24420 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
Hi Traders, This is my view on this pair for the next days on #SPX500 using my 2 intraday strategies. (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will...
TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.85000 STOP LOSS: 0.87000 TAKE PROFIT: 0.83000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade Full analysis behind this trade available in the related links below