Simplertrading
AUDCAD IF this Then that Hey guys, if you can't tell already, i make trading simple. IF this Then that. Here Audcad broke a right shoulder with this strong bullish impulse move IF the market decides to come back down and retest i will take the buy- but where is it going? If you look ABOVE your head there is of course another H&S pattern that has not given us the Right shoulder yet, which is where i would sell, however if AC wants to continue to be bullish and break structure we'll just take the Buy. 50 pip zone... are you okay with catching potentially 50 pips up and 50 pips down. :)
-PGP
EURUSD LongSome nice clean and simple analysis. We can see that the price has closed above previous resistance levels, came back down to retest that area and formed a nice little triangle at the same time and is now at the end of the triangle. Should we see a break above the triangle we can expect this pair to keep moving to the upside. My targets for this pair will be around the previous resistance areas.
USDCHF LongPretty simple idea. I'm looking to go long on USDCHF, the price is moving in an uptrend and where the next touch of the line is looking to be is also a pretty solid support zone and also the 38.2% level on the Fib and will most likely be at the 20 level on the RSI or even lower. This is looking to be a great opportunity to buy.
Will bitcoin break the resistance? Support and resistancesBitcoin testing "Resistance #1", if it breaks my next target is around 11690 USD
The upwards trending resistance line which goes through "Resistance #1" is important too, if it breaks I think we will see a parabolic movement to the "Resistance #2"
If Bitcoin fails at "Resistance #1" i'm looking for retracement back to 7900-8450 USD support zone
I think that upwards trendline on the RSI is so important, last time when it's broken to the down side Bitcoin dumped too.
Bullish triangle pattern on BitcoinThis is a plain and simple pattern. No need to complicate this. If BTC breaks the upside with quotes over ~8300 USD the bullish trend will continue (more likely). At least until ~9000-9400 USD
If the unlikely scenario happens that BTC breaks to the downside (like ~7200 USD and lower) we'll see further falling prices.
USD/JPY Long PositionFX:USDJPY
Entry Level: 109.850
TP: 11.850
SL: 108.42
Ratio: 2:1
Based on the daily chart, the price has closed at a key support level which it hit in mid september 2018. Note that after that it hit that resistance level, it went on a major bull run, which saw the price go from a low of 109.900 (current), to hit highs of 114.00 !! In addition, the current candle is a long wick, signalling a potential reverse as buyers are coming in. US-China trade talks are close to reaching an agreement, which should see the dollar rise back to its average moving price ranges.






















