Price has reached the resistance level and printed a doji. Given how close this is to the complete high I am shorting NOW at market price 1.33655 for a good risk to reward ratio... Enter @ market price 1.33655 with Sl only 24 pips @ 1.33891 and Tp lower down @ 50% fib retracement of the bullish move @ 1.32548 (109 pip target) I am prepared to risk the 25 pips...
Shorting at market price 127.128 now False breakout indicated by key level on D1 and W1 timeframe Stop just above the high at 127.613 and Take profit provisionally at 126.197 (previous resistance level)
The resistance level has been pinned and price is around a key supply zone on the Daily time frame - I am shorting at market price with: Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and Take profit lower down at the support level at 0.99256 This trade offers a 1:3 RRR Don't bet the farm and always...
This is a classic example of the TLS trading system using price action: Trend = down Level = resistance Signal = bearish engulfing (and a hanging man with confirmation) Stop loss @ 1.32199 and Take profit @ 1.30871 30 pip risk for 100 pip reward Dont bet the farm and always exercise healthy risk management :)
When checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking...
Going long on USDJPY 1. Price pinned the 50ema 2. Bullish engulfing candle pattern completed My stop is a tad below the moving average at 110.110 and take profit below resistance at 111.042 This set up is purely based on doing buys if price is above the 200ema using it as a trend filter and then the 50ema for entries targeting previous highs. This trade has a...
Breakout occurred followed by a re-test of the support as resistance. I am shorting @market price 1.87689 with my stop placed above the resistance level at 1.88672 and my take profit provisionally @ 1.84539 just above the support when using the swing low on the left marked with a yellow bar Don't bet the farm and always exeercise healthy risk management. This...
USDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control.... Note the following: 1. Trend line broken to the down side 2. Support re tested as resistance and the candle popped a wick to the up side (clue) 3. 50 ema broken... I am shorting at market price @ 1.000281 with TP...
FX:AUDUSD Trend = up on H4 + D1 I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly. I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach,...
OANDA:XAUUSD Notice how the resistance level aligns with the 61.8% fibo retracement? I will be looking for a buy signal within the 1296 - 1301 range More details to follow!
FX:USDJPY Welcome back to a new trading week :) Following some bullish trade ideas from last week and the week before, long orders were closed with little profit as the charts slowed down on the bulls and started to bring signs of bearish price action to the charts... I have applied the top down method in analysing to find on W1 and D1 time frame corresponding...
FX:AUDUSD After the massive wick I have been looking for a decent entry to go long. (I use the wicks as indicators - spike to the low, price goes up - spike the high, price goes down) Now checking on H4 I see a clear opportunity with great up side potential. 1. Trend line broken on H4 2. Bullish engulfing pattern printed on D1 (on support) 3. Hammer printed...
Classic support and resistance setup. Now that the news is out of the way the markets can resume as per normal (man I dont like the news!) Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450 I am targeting previous support @ 1.66322 and placing my stop above the highs (using the 21 ema as a dynamic level for SL) @...
FX:USDCAD All time frames are indicative of the bulls being in control (H4, D1, W1) so I am looking to buy. *Price has just started pulling away from the 1.331368 level where a candle pinned the support and printing a bullish engulfing pattern (buy signal) Buy order opened @ market price 1.33599 with SL below lows @ 1.32932 and TP at resistance @...
FX:NZDCAD Bull rally trend line broken, price had pulled back up and re tested the level as resistance but I missed the entry. We now have a structure that is offering a second opportunity to short. Sell @ market price 0.90811 SL @ 0.92002 TP @ 0.89497
FX:USDJPY Price has been ranging between the 107 and 114 levels for some time now. * Price is around support plus a buy signal has printed (doji, indicating indecision = bears may be out of steam failing to push price below support) * The weekly timeframe indicates a buy, so does D1 and H4 when looking at the levels marked and how price is reacting So I am...
FOREXCOM:XAUUSD The 1300 level has been holding so with a bearish harami printing at the resistance level I am happy to short this pair: Short at market price @ 1292.71 with *Stop loss above the highs where I will deem this setup invalidated @ 1305.00 *Take profit provisionally at 1259 where the 200ema is currently positioned ** Take note - I have marked...
FX:EURUSD Great breakout candle form the triangle pattern marked up! Shorting @ market price 1.12921 Stop loss just above the recent high at 1.13708 Take profit as projected by the symmetrical triangle @ 1.10388 Don't bet the farm, always exercise good risk management