Good evening from the UK I have decided to capture a snap shot of the weekly time frame. As you can see running in an upward channel we have 3 success full swing highs and the 4th was held at a monthly resistance not allowing another bull run to the upside with buy exhaustion coming into play around the price of 1.88700.
Highlighted is a Double top with last...
Good evening from the UK as you may have seen on my Instagram story (travis_duncz) I entered short on this pair. CADJPY for the month of March we have been in a downtrend. I have a had a breakout of a trend line with a strong bullish candle on Monday April 1st. However i see this as a false breakout. Many traders would presume the momentum would of continued to...
- 3rd level consolidation
- multiple tests of the high
- wait for sell entry signal
* watch out for key news releases on Wednesday
- t1: 0.98033 -> 50 ema
- t2: 0.97416 -> 50 fibonacci retracement from start of cycle
- t3: 0.97020 -> 50 fibonacci retracement from 21 sept low
Target 1 hit - channel break measured move
Target 2 - next key price level
Target 3 - measured move from previous range break - coincides with 0.236 fibonacci retracement
Wait for break below 0.382 - supported on lower time frames
Supported fundamental analysis - rising dollar
I just shorted AUDUSD. Why? becaue; Price is showing wickness on a strong resistance level. The fact that this resistance level influence price almost everytime encourage me to short without waiting for any other confirmation signal. Meanwhile, I placed my SL too far for the price to hace enough space to breathe.
It might be a bad idea to go short if we look at...
- Clearly price is putting in lower lows and lower highs (Clear Downtrend)
- Price broke key level at 120.00 A week back so we maybe heading to next key level ?
- Price has put 3 touch on short term 4 Hour trend line
- Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to...
This time, I am not showing you a trading plan. But I want instead ask a question to all of you that are following my profile.
By Arrows I marked on charts some supply levels for potential sell trades.
- Where would you risk SELL TRADES in this Trading Scenario and with which Risk Margin?