NZDCAD has been in an uptrend since the first week of November. In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs. This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading...
Greeting Traders. We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen. when the blue line crosses the downside of the red line, the movement of the market will be down Right now I think the movement of the market will be down. Thank...
Well let's try this again: Entry: 105.57 (Buy Stop Limit) SL: 105.30 (Sell Stop) PT: 106 or higher (Sell Limit) Of course all this hinges on the fact that we get renewed bullish momentum above the cloud support. If not the "setup" is cancelled and we wait for the next 4 hr candle to give us further insight.
We got the pull back from last time short her's another decent entry for shorting again. Again use decent money management. enter using bollinger bands at 5 mins for exemple the upper bands should serve as short entry zone to minimise loss. you can 0.1 and keep adding until one you have a full one lot entry and be confident when the momentum has fully shifted....
It looks like bulls are ready to buy lower again. my entry is invalid if we cross 1.17650 (which was yesterdays long target) so how do we play this? in order to ensure the most gains possible you have to keep a watch at the 1 hour cloud, if ever the price enter the one hour cloud and closes one candle inside the 1 hour the setup will automatically be invalidated....
Hello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of...
Hello my friends, Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday. It is now floating +100 pips so better set your SL to entry now for a risk free position. Let's continue with today USDJPY entry. I am favoring USDJPY to go lower as price now below the kumo cloud on 4hr tf. All confirmations needed...
Guys there are quick bucks to be made here bulls will attempt a reaction today from yesterday's massacre we can profit from it now before indecision phase takes over. again i will use 1 lot with proper risk management, i won't stay in a loss if it goes against me see you later
following fridays pump the price could go test the last ground to either form a higher low or who knows? break it and go form a lower low way lower. as always use sound money management i will short with one lot to the mentioned area. my stoploss is very very tight i won't hold a loss. I'll keep updating on the idea during the trading session. feel free to reach out.
Hello my friends, Another nice setup come to my screener is EURNZD pairs. It looks like there is a SHS pattern forming and we could see price rotate lower soon. Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside. Notice also price below the kumo cloud and it is red colored. Parabolic SAR...
Hello my friends, Another possible setup for GBP cross is GBPCAD pairs. I am looking for a sell position in this pair as my screener showing this pair could go lower. Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area. Noticed also it looks like this pair making a double top pattern and i think price already...
Hello my friends, Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position. For today i am taking another buy position with GBP cross pairs. This time is GBPNZD. Noticed that price above the green kumo cloud on 4hr tf and parabolic SAR below the...
This pair has been trending up over the past week and I am looking for a chance to get long. We are about to test tenkan sen and test the trend support. If we hold I'll be entering my buy for the levels I've drawn out. I'll continue to take partial profit and adjust my stop as this progresses. If we fail to maintain our bullish trend or our confirmations...
Similar to our previous setup and to the EUR/USD setup this week, I'm looking for longs. Ideally we will get a re-test of the level I'm drawn out and will show some support to get into my buys. I've drawn out a couple of levels for partial take profit on the way to my overall target. If we fail to get a good drawback for entry, or if our confirmations...
This pair found support at the kumo last week before breaking back out and rising bullishly. I am looking for an entry for a bullish trend continuation. Ideally if we can get a drop back down and re-test previous resistance I will look for buys for that level to now be acting as support. All other ichimoku confirmations remain bullish as well. If we fail...
Hello my friends, Another trade to take for today is this EURCAD pairs. The setup looks like EURAUD and i am gonna take a sell position as well. All the requirement for selling this pair are also met on the 1hr chart so we will sell on a retracement of last 1hr candle close. Sell EURCAD 1.5530 Stop loss 1.5565 Take profit 1 @1.5495 Take profit 2 @1.5460 RR...
Hello my friends, This week is not a good week for me so i don't trade many positions. I also got some position taken out by SL or closed at entry. For today i only gonna trade lightly as the market going sideways and quite hard to follow. EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair. I will wait...
in the recent past, when we see a Ichimoku Cloud break in the VIX ( Volatility S&P 500 Index ) we see a strong acceleration upwards. The most recent example of this was on 13 Feb 2020 Inversely proportional to the VIX , the S&P 500 Index had a significant breakdown, represented on 21 Feb 2020 Since COVID19 outbreak, governments around the world have been...