The second video related to fib pullback and Rsi ind. It's important to : 1. identify your tend 2. set the trend line 3. use RSI and Fib to take sell trades
AUDCAD has been trading obediently inside a rising wedge, it seems like we are finally at the tip of the wedge. I am looking forward to see the price break the wedge at the bottom. Trades will be placed right after the break. Wish you all the best. Let's Download Success.
just a quick video on how i executed on this GU trade.Just some small insights into how i take a position.
Continuing with our Daily Analysis requested from followers... today we have Vodafone where after mapping out the key levels we can see potential for a sell off to 82.00 region.
Looking at price making a push to the downside to either give us a nice short back to 0.99 or just catching a small retracement before then moving higher. Before taking this trade I want to see a bit more price action around this resistance area! Looking for even star formation on the 1-4 hr or a right shoulder second rejection..
Welcome back! Let me know your thoughts in the comments! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..
Hey guys, hopefully some of you may have got entry's on this one, I think I've covered it at lest 10 times ahah, if your not in a position look for a retracement and the next leg.. simple market structure!!
Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Looking for a short to start the week if we see further rejection from around the 167.8 resistance.. very early in the week with London session still to come, we may create some momentum from there so no rushing into any trades... 166 immediate target with eyes on 160 if that can break...
Have been watching very carefully around this resistance of 1.38 on USDCAD to see how price reacts. We have now had multiple rejections and another (FAKE?) push through followed by price quickly selling back off... we sometimes see these fake moves (breaking through levels) to catch the early sellers before the big moves happen... is this the situation with...
Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
Still not in a short position but was expecting to see this push down. Just thought id break it down and show the next couple areas I'm interested in, long term I see the trend continuing but ill be looking for longs on the retracement just in case.. always remember to trade with a plan and stick to it!
Price on USDCAD is struggling to break above the resistance of 1.38000, with price looking weak again on the forth rejection. This is creating a right shoulder for a head and shoulders on the 4hr and daily chart. Strength coming back into the USD but the Canadian dollar holding ground for now. Ill be entering shorts with stops tight above the last few rejections...
Looking for shorts but still holding off for now, price struggling around the resistance but also giving no real direction. Ill be waiting for a better move and if you are taking shorts now I would be keeping stops nice and tight! Never forget the overall directions!!
This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on...
Waiting for a bit of strength out of DXY to continue the overall direction on AUDUSD as AUSSIE dollar is showing no signs of life just yet. As you can see I've highlighted an area ill be looking for entry's off the resistance of 0.65. Price should make a move down even if its short term but hopefully we can catch the long term trend continuation!
Looking for the larger move so position myself at the resistance of 1.15 to try and catch shorts.. even if we dont get a big move from here we should see a small move down at the least to respect short term structure.