Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Another great time for long opportunity for EURCAD As mention on the chart, the buy opportunity has triggered since the time price broke up the triangle pattern SL: 1.4500 1ST TP: 1.5400 2ND TP: 1.5890 HAPPY TRADING :)
Risky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering. Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go. Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Breakout with high probability of short term bullish gain for $NZDUSD
If today closes as a pin bar rejecting .66300, it would be a good opportunity to go long. Despite fundamental news about China crashing, the price was already affected by that.
Breakout of triangle towards the short side as predicted
Closed short $NZDUSD at 0.6699 for +17 pips profit!
Symmetrical triangle formed on the 15 minute chart. High probability of bearish breakout.
Price is Ranging and we can we can expect a bounce from the Demand Zone. If Zone holdes We will time entry to go LONG on 1H chart after first Heikin closing green. Target 1: 0.76 Target 2 0.775 Target 3: Weekley trend line Set stop loss at 0.758.
AUDUSD is corrently trading in a nice downtrend, and as piphunters we then look for SHORTS. But currently price is trading an a close proximity to a string demand zone. So if you are already short you can stay long. But we can not enter short until we see a Norse setup BELOW demand zone. If price fails to bread demandzone, then we can start considering LONG if...
GBPAUD is a very bullish pair currently, piphunters will wait for price to bounce from trendline and timing entry on 4H or 1H chart depending on volatility. Daytraders could take this retracement as an opportunity to go short, but piphunters are conservative and we will trade in the direction of the trend :) If price break daily trend line we must look for...
EURGBP have been ranging since Mars, we are currently trading the upper level close to resistance (EMA633 4H/Supply zone) This is a nice (School book) setup for a bounce back down. Since we also see a bearish flag there is a good possibility that the pattern will breakout south. Piphunters will enter SHORT on this trade after close of ONE significant red Heikin...
GBPJPY are retracing back down to the daily support line. You can take this as a counter trend trade and a bounce trade, back DOWN to the daily support area.. When hitting daily support line, we look to long entry according to Norse trading rules (see previous posts). Be aware of the week double top forming, so we need to keep that in mind if something doesn't...
NZDCAD has been in a weekly uptrend since its market intruduction, will the trend line be intact? For restrictive swingers we do NOT look to go long until we break 4H trendline with a Norse style(EMA12/36 cross over and new higher low) confirmation. Intraday traders can look to enter in smaller time frame (M5-M15) to find Norse Style entries. Rember: 1)Entry...
GBPNZD are trading in what i choose to see a bearish expanding channel. And we are currently at the roof of that channel. Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :)) We are looking to short when...
Saw a similar image somewhere, so I tried to mimic it :) Anyway this is pretty much my logic when I started trading 15 years ago. Any one recognizing them self :)
Price has broken upper daily trend line and the 4H lower trend line seems to be intact. Entries can be timed on the 4H chart or the 1H chart. we missed the 1H sweet spot, but Piphunters will enter long at close at current 4H candle, IF it is a bullish candle of considerable size. Long: SL @ previous candle low (~1.3430) TP1:85 TP2:170Pips. Last lot leave as a...