HERE IS A SIMPLE CHART OF WHAT I'M EXPECTING FROM THIS PAIR FOR THE NEXT DAY OR TWO. THE PAIR IS AT IT'S EXTREME TOP, BUT SADLY THERE CAN BE MORE STRETCHING ALL THE WAY UP TO 120 BASED ON HIGHER TIME FRAME ANALYSIS. BUT I'M NOT OVERLY CONCERN ABOUT THIS MOVE SINCE IT IS NOT SHORT TERM. FOR NOW, MY PRIORITY IS FOCUS ON DOWN MOVES. IN OTHER WORDS, ANY +50 PIP MOVES...
Bear without comment from the 1339$ at 07.13.2014 we are up once of the mm50.After the ema30 has allowed vendors very good entries, demonstrating the strong presence since beginning of trend. For some days we are seeing an increased presence of buyers causing sorties over the ema fences without closing after, a kind of rounding bottom or double bottom formation...
After a great day with long EURUSD. i Think the marked will make a other positive move during the night and in the morning. Entry Push back to support. Stop: Tight. 10 pips under entry, because of all the events tomorrow. Target 1.3000 minus some. Psy resistance. News makes me want to get out before the come. This is my own notes!!!
Newsday aint good for Trading, but i think this can be done. Set my entry, sl and tl. Lets hope for a smooth newsevent
I DON'T MAKE IT A HABIT TO TRADE C-D IN PATTERNS BUT THIS ONE IS WORTH LOSING.
FOR THOSE WHO LOVE HEAD AND SHOULDER HERE IS A POSSIBILITY, THOSE I WOULDN'T BE TOO QUICK TO PLACE LIMITS WHEN TARGET 2 COMES IN PLAY. I'M PRETTY SURE WHEN PRICE GETS TO THAT POINT ITS AIM WILL BE TO MAKE HIGHER HIGH.
POSSIBLE PATTERN IN PLAY FOR THIS PAIR, LETS SEE HOW IT PLAYS OUT.
Double Top and Entry at 1.0980. Stop Loss at 1,1000 Move to Break Even at 1.0960 Take Profit at 1.0920
The very first trade idea...so go easy on me guys. This here is a Perfectly executed 2618 Trade. Double top confirmed, price broke neckline, price rallied back up to 61.8 Fibonacci retracement of the swing low triggering the trade at 1.96387 (spread included) with 1:1 R:R... Trade Plan: Stops placed 10pips from the first leg's highest high...T1 currently 26 pips...
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea). Bases :Bias, Channel, Stochastic RSI SHORT SETUP IF price reaches 0.86962 THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151 ____________________ Signls IF This Stochastic RSI crosses the 80 oversold zone it will be a...
After looking at the recent candles, they show increased buying pressure in the 1.3563 area. Over all it looks as though price broke to the downside after being in a range within a larger downtrend. That said this trade is a counter trend trade and is a bit risky, so I will use a very tight stop. please comment / criticize
Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price...
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.