A solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time. Many newer traders set too ambitious profit targets expecting the trade to be "the big one" and hoping it will help offset the losses they have...
No description needed just me posting for my own record and commentary to watch and see how it plays out. Orchid (OXT)
A solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time. Many newer traders set too ambitious profit targets expecting the trade to be "the big one" and hoping it will help offset the losses they have...
Price is in need of an exhaustion after the Aussie produced its impulsive break below.
AUDUSD has been creating a bull flag for the past several days. Price has been supported by the 23.6% of the entire move which is also confluent with 50%. Price bounced from this strong support level and now we expect continuation to the upside possibly as high as round psychological number 0.70 which is confluent with the 61.8% and the -27% extension of the...
From the impulse wave down in Q2 we see HBI made a .382- retracement before making a 1.27+ extension. Again from the impulse wave down in Q3 Hanes retraced again .382- it is now consolidating and interestingly we are one day away from the time period it took for HBI to breakdown in late June, early July; will history repeat itself?
In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month. On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again! I also picked...
podemos observar claramente cansancio del la tendencia alcista, divergencia en 4h y 1h, y en m15 y m15 confirmamos con shift of momentum en el rompimiento de la estructura alcista. (M5 shif of momentum entry)
If the market is going to hold support, this is the zone it should do it! I bought in this zone, and my stop is under $7200 (just outside the extension zone). Any move lower and I wait for 5 to 6k. Thoughts? ** not financial advice **
Hi Guys, here's a view on GBPAUD where I believe that from a 70.70 % retracement level around 1.84955 we have a good chance to go down to an extension of 1.272 to around 1.72000 area. 900+ pips possible. Good Luck.
AUDJPY would have to fall a little lower to around 71.287 which would be the 70.70 % retracement of the recent upward movement. From there we might rise to 75.731, which would be the 1.272 extension of the same leg. After that ,with hopefully a win of 440+ pips, there might be a chance for a fall back to 69.210 which would be the 1.118 extension of the recent...
This is pretty nice. :-) I see a chance to LONG to 0.67769 which is (only) around 90 pips, followed by a SHORT to 0.65984 which could be 175 pips and then the huuuuge LONG to 0.6934 which would be around 340 pips. Good Luck.
WAITING FOR A LITTLE UPSIDE PUSH ON EUR/USD TO TAP THE FIBONACCI 61.8 TO LOOK FOR POTENTIAL SHORT POSITIONS ON A SMALLER TIMEFRAME #tradesafe
This is a tricky one and I might totally be wrong about it BUT I think that there is a chance that AUDUSD will go back up to 0.69615, being the 70.70 % retracement of the last bigger downmove. After that it might go down to 0.65587 which would be the 1.272 extension of the last bigger downmove. This making the final drop before a major rise up up up. Good Luck!
price rallied to the downside and tested a key weekly level of 0.99000, however daily rejections at this price region with bullish candle suggest strong institutional demand that may be dominant over the bears. Price could reverse and form a new lower high at the highlighted region as the 3rd drive, also in confluence with MA acting as resistance in addition to...
#VET_Update #VET is looking very bullish once again after our call at around 90 sats on May 27 is showing a good progress breaking out of the formed downward channel trend on the daily time frame. For now we might see some downward push downs which might further go down to the area between 98 sats - 100 sats for a testing of the line which was the resistance...
This analysis that I have made is to retain insight into what can happen, to look back at what happened afterwards and to look back when I discover a similar case. I do not give advice as to what someone from this analysis should do or imply. It is an important reminder for myself about what happened.
Ok, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave. So there are 4 good reasons why the price is going to reach my (A) correction. 1. If you take a look at the red trend line, price has crossed over and it is going to use that red...