After a nice rally up and a small retrace there's a opportunity for a long position. We can see a HH and a HL, we could be looking at another HH which could lead to some nice opportunities. Let's see what happens
- Price just made a Higher High - Stochastic indicate overbought Entry - Waiting for the price to retrace toward the resistance area - Wait for a bullish candle to form on the zone - Planning an entry around 1.33000 after a bounce off the zone Exits - S/L below resistance area - T/P at next zone
The market has been choppy since a while now and recent highs of 1.123 have been touched, in other words a lot of over buying. My usual analysis has confirmed my decision to sell and bag some pips with the TP and SL provided when price consolidates itself.
The last 12 hour candle didn't manage to break support, current candle shows continued buying. If we get a higher high later today or probably tomorrow, enter for a good 1:2.4 RR trade. Be aware of USD news this week for increased volatility, particularly NFP on Friday.
1) Trend since this year is bullish and has followed pitchfork to median consistently. Reversal to median is highly likely (historically) 2) On higher high the move up is highly probable 3) Candles printing some selling rejection at major SR zone. Reversal can happen. Enter a buy order on higher high, This can take time to form(!). Be aware of lots of USD news...
Facebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls. Lets look at the daily time frame. Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98. Adding confluence there is also a bullish cypher...
Overall view on USDCAD. However still be careful with the high impact news.
Google C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs. Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 715 before moving up again to 750+ 715-750 is a 5% move hence i am interesting in buying at this price with reward skewed something 1.5:1...
FX:EURUSD Price seem rejected from the ascending channel resistance and initial support would be the Monthly RES @ 1.1350 with a 61.8% Fib Level , it gives an extra confidence for the uptrend bias. Meanwhile price also maintained above a rising TL (black color) & price will be having the 3rd touch on it with either a break/bounce we're ready for action....
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
Long term trend is bullish, this pair just bounced from the trend line and has a strong doji signal bar indicating reversal to the upside. Move into the trade with a stop well below this candles low. This trade is good for a 1:3 RR ratio. Comment's or idea's, please do post them below :) Thanks!
A longer term outlook on this pair. It has posted higher highs and higher lows over the course of the last half year. Last month and this month it seems to be breaking out of its ranging behavior from earlier this year and looking to make moves upwards again. On the Daily we see seller rejection with the long wicks and an indecision candle forming, the channel...
On the 6 hour there's a pinbar with a long wick down suggesting good selling rejection. If price makes a higher high, enter and there's a good 1:2.6 RR trade to be made until it hits the next Support and Resistance level. Comments, suggestions, etc. Please do post :) Thanks and good trading!
This pair has bounced off this price zone twice before in recent time. There's a pinbar on the 6 hour and with a good higher high move up there's a nice entry here possible for a 1:5 RR ratio trade Thoughts, idea's, please do let me know. Thanks for reading!
Price is moving around a SR zone at this moment, let's see it breaks it first (and retraces back) before entering this trade. Then there's a likely move to the channel top. Looking left of the chart there's another SR zone around 128.5, put your TP in this area. Comments or idea's? Please do let me know. Thanks for reading!
Likely a move towards the channel top is expected, on the 8 hour a pinbar is forming. If price moves further up for a higher high a good conservative 1:2.7 RR ratio trade can be made
There's a triangle formation forming, if this channel breaks and we see a higher high. That opens up a good 1:2 RR trade Comments or idea's, please do post. Thanks for reading!