New Zealand dollar lately is dynamically appreciating comparing to other currencies. There is an interesting opportunity to open short position on EURNZD. Price reached Kijun line and then rebounded from it. In this place a bearish pin bar was created, I marked it with an arrow. I opened short position with a Stop Loss just above signal candle, and the target on...
If you're in the private Mentorship Memberhsip, we've already hit this trade for 130 pips on Friday. I am looking for a trend continuation off a tenken sen bounce. If price rises and gets rejected at teneken sen and our bearish confirmations remain I will look to enter a sell, targeting 1.7300. If our bearish confirmations change or price doesn't get rejected at...
This pair is in a bit of a transitional period, with both the daily and the 4 hour chart hanging out in the cloud right now. On the 4 hour we are looking bearish so I will look for a bearish entry. If we can get a bearish kumo breakout and the rest of our confirmations hold, I will look to enter a sell at 112.41, targeting 111.79 If our bearish confirmations...
This pair dropped to support at the bottom of the cloud last week before rallying higher. Looking at the daily we still have a lot of bullish signs so I'm looking for a long entry. If we can get a kumo breakout and our other bullish confirmations remain I will look to enter at .9932 targeting .9976 and 1.0025 as my TP1 and TP2. If any of our confirmations change...
At night there was a break out of bullish Kumo cloud. Right now, we can see small bearish reaction. Maybe there will be an opportunity to open longs. We just have to be careful about Chikou Span setting, currently there is no way to enter long position, maybe in near future it will change.
AUDJPY price is above respected resistance from the daily chart. The break was quite strong, currently we can expect bearish correction and retest of mentioned level from above. If in this place there will be any buy signal, I would be happy to enter longs.
GBPJPY - on the H4 chart we can see, that price is sliding on the edge of bullish Kumo. If in this place there will be any clear buy signal, we can open long position targeting the resistance in 152.90 area. We just have to be careful about reward to risk ratio, it has to be bigger than 2:1.
CADJPY - rise is above important level 88.10. What’s more, currently there is a slow break above bullish cloud going on. If in this place any buy signal will show up, we can open longs targeting resistance from daily chart next to 89.50.
AUDCHF - On the H4 chart we can see, that after today’s gains price is above bullish Kumo cloud. If current cloud will close above this zone, it will be a signal to open long position. In addition, Tenkan-sen just crossed above Kijun. The target for gains is on the another resistance in 0.7575 area.
This pair has been riding in the cloud for a while before finally getting a kumo breakout. This combined with the bullish TK cross we just had, as well as the kumo twist back to bullish, lead me to believe this pair could be headed up. I am targeting the previous high as my TP at 134.23 and setting my stop at the TK cross. If our bullish confirmation signs change,...
This pair has been trending bearish over the last week, and I am looking for that trend to continue. I'm looking for a tenken sen bounce trade here. I am targeting a strong support/resistance level below as my TP at 1.1708. If my bearish confirmations change then this trade will be invalidated for me.
This pair has tried pushing down on support here and has been failing to break it. We entered back into the cloud last week with a show of USD strength from NFP. Looking at the daily chart, price is holding at tenken sen which is about where the flat part of the cloud is on this 4 hour chart screen shot. There are two possible outcomes for this pair to...
On the H4 chart we can see, that AUDJPY came back above bullish Kumo cloud. Currently it is sliding on the Chikou Span A line. If in this place there will be any buy signal showing up, we can open long position with the target on the resistance in the 86.10 area. We have to be careful about Chikou Span line. Currently it is below the price and it doesn’t look like...
Price after bearish break from bullish Kumo successfully retested this area. Maybe in this place there will be any sell signal, then we can consider going short.
On the H4 chart we can see, that the price broke out of bullish Kumo and below daily support. This level is not defended too strong, there are breakouts, but despite that it is a great place to look for a short opportunity. For instance, if current bearish candle will end in a form of a pin bar, we can think about opening short position targeting another support.
On the daily, price is still running in the cloud, indicating we're not quite sure which way the long term trend will go. That being said, there is still room for price to move to the upside here. I am looking for a buy off of support at the cloud or kijun sen. I'll target just below the previous high, but I may just close half the position there and let the rest...
This analysis is coming from the daily, but a 4 hour chart can be used to help confirm an entry. I am lookign for a trend continuation trade here since all signs are remaining bearish. I am targeting a level of previous support as drawn out on my chart. We may get some movement to help boost this trend as well with the passing of the new tax bill. If our bearish...
This pair was heavily affected by news last week before starting a free fall. I am watching to see if we hold support at Kijun sen to consider a buy for a trend continuation. If price does not hold at kijun then this trade will be considered invalidated. I am also watching to see if the future cloud remains bulliish and our other confirmations change. If the...