This pair got a nice move back up last week before ending up testing tenken sen and the kumo here. We do have an early kumo twist to a bullish cloud and we are currently hold at the top of the kumo which is coinciding with tenken sen support as well which is typically a very strong support level. Both kijun sen and tenken sen have flattened out a bit here...
Last week in the membership we were looking for a good size drawback but this sentiment was invalidated when support held on the daily chart. We are now looking to get into a trend continuation if we can catch a nice bullish breakout of the kumo. In addition to the breakout I also want to see that kumo twist complete and a golden (TK) cross to complete for the...
We saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll...
Long position. Adding more positions.
Last week fundamentals started to come a little more into play as we saw the Yen try to regain some ground here. We've started to move sideways and I am looking for a break of price structure to coincide with a bearish kumo twist and kumo breakout to look at enter a short position. The trade is setup for my medium term target, but I've also drawn some shorter term...
If you're in the mentor membership this setup will look familiar. We've already capitalized on the move down as you can see from the completed trade on the left. No we'll be looking to capitalize on the move back up. We got a nice little rebound last week and are close to a kumo breakout. I am looking for support to hold at tenken sen to get in a long entry. If we...
Long position. Adding more positions.
We've been on a nice bearish breakout and we've broken previous price structure lows so I am expecting some more bearish movement with this pair. I am setting an entry as a break below our current candle, but as an alternative we can also look for a rise and rejection at tenken sen since we've been holding it so well on this bearish trend. I am targeting the flat...
With the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our...
Another GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't...