retest

ENTER 9.57 STOP 9.82 TARGET 5.88

Short after price break the wedge and retest the structure.

LONG GBPUSD retest of long term trend-line with divergence.

Here's something that we just took a look at in the Live Room, while watching Yeelen's Testimony. EURNZD (Which is a pair I don't trade, for those who think I trade every idea that I post) is has rallied toward previous structure highs and is now retracing back down into the previous pennant pattern highs. Although I wouldn;t be looking for a full trend ...

This morning I fired off an idea to our Syndicate members looking at a short opportunity on the AUDCAD. What I was looking at was a bearish Bat formation that would also double as a potential trend continuation trading opportunity based off of my higher timeframe analysis. Although price provided us with a pain-free move to our initial target level it looks as if ...

-Potential breakout from bearish trend - Crossover in 1hr & 4hr MACD confirm this breakout - Be wary of retest of the daily resistance which I will look out for before taking position - Be wary of economic data coming out of the US 19th July 2017

GBPUSD broke a very key level last Friday. As expected, price has now corrected and returned back to the broken resistance. It should now retest as support, and continue higher. I will be waiting for a confirmation before entering long.

lets see what will happen in the new week

- Potential Short position as trend retests the breakout trend line - will look to take the position once I get additional confirmation of bearish move through a moving average crossover and a bearish candlestick pattern in the 1Hr timeframe.

- Trend breaks out of pennant formation and breaks past daily - the trend has now retested the new daily support which I believe will lead to a bullish movement towards new resistance - will look to take this position if the next couple candlesticks signal bullish movement in the 4Hr timeframe

This is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish ...

A long opportunity has presented itself on the 4H timeframe of AUDJPY. It meets all the rules for my strategy: Trend: it is with the trend (shown by trendline and 100 EMA) Value: it is at strong previous resistance Trigger: Hammer formation Risk: 1% Reward:2.6% Targets: Take targets at previous structure Stops: underneath previous structure with some room ...

Beautiful downward channel here that broke out in a bullish manner. A re-test was expected, as was successful as the channel boundary is now acting as a support. Long are heavily favored here with risk:reward looking very attractive. Enjoy

ENTER 40.00 STOP 38.45 TARGET 53.70

SHORT TRADE ID ORDER TRIGGERED

Price has broke and is retesting monthly level. I will be looking for entry signals on lower timeframes like 1H or 2H weekly res. 0.90 target

I entered long after retest on lower time frame monthly levels as targets. (entering on daily close)

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