Pretty self explanatory trade. We've been in a long term down trend for awhile now and recently broke the support level and closed below it on the daily chart. At this stage I'm just waiting for a pullback and some signs of entry to get short on this. I'll be looking for a long term trade on this heading towards 29.77820 level
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression...
Recently we've seen AUD/NZD gain a nice bull trend from its lows at 1.03549 with a 300+ pip move to the upside. Currently price is testing the 1.06950 zone with a triple top in play. Al-thought on the lower time-frames we've had a nice bullish trend, I'm still playing this trend on the short side based on the weekly trend being under the 200 EMA at this very...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel....
This pair has much better market structure than the GPB/AUD in my opinion. If i'm going to take one of them, it's this one... We can see the pair has had a nice rally to the top of the trend line now putting in a new re-test of the descending trendline. I'll be looking for short trades early in the week on this market. What tops this off is NZD is now hitting...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...
A tasty trade setup based solely on timeframe agreement and price action. Daily showing signs of bearishness and reasonable signs of reversal. H4 and lower timeframe give good timeframe agreement to short. Stoploss above Friday's candle give a decent sized position to allow for a 1:1 reward to risk or beyond. Sorry about the mic pops in the video!
I've still got my eyes set on buying Gold when I see the right opportunity to do so. At the moment I don't have any open positions on the metal however I do have a long bias back to 1600 level. Price is in a nice uptrend and we've fallen back down to our buy zone. I'll be watching this over the next few hours to see how we react within this zone.
Currently respected the bullish harmonic formed Friday thanks to President Trump. GO TWITTER!! In consolidation preparing for the next move. If it can break the weekly 26130, and break resistance at 26438, looking to revisit 26724 or 27061 for the bull TPs. If goes bearish after consolidation, will head down to 25080 monthly SR. Long term tp 24295. On the...
1H analysis is indicating a short term uptrend to create the next LH to proceed downwards as the higher timeframes suggest, we'll carefully watch it as it continues upward and await a transition down again
4H is main timeframe of analysis as on daily we have created a level of support, saw a breakout of resistance on this same timeframe now awaiting price to form a Higher Low
With price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at...
Trade setup to short based solely on timeframe agreement and price action. DAILY good signs of bearishness and signs that price could be oversold (based on linear regression channel) H4 broken support which was holding up the price HOURLY Started to show lower lows and lower highs. Entry based on seeing reversals off of either the upper linear regression...
Hello and welcome to my Trade Idea of the currency pair NZD/USD. Let's start with the Top Down Analysis. Monthly: Monthly is bearish. Weekly: The weekly timeframe is in a very strong downtrend. Daily: Daily is also bearish with as good as no retracements. H4: On the h4 timeframe we see a trendline and a support area. I expect a break to the...
Hello and welcome to my Trade Idea of the currency pair NZD/JPY. Let's start with the Top Down Analysis. Monthly: Monthly is in a very strong downtrend. Weekly: In the weekly timeframe we see that the price breaks the lows and close under these. As well the last weeks had 2 big bearish candles which confirm that the trend is bearish. Daily: The daily...
Hello and welcome to my Trade Idea of the currency pair NZD/CAD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a strong downtrend. Weekly: The weekly timeframe shows a nice bearish trend. Daily: Daily is bearish too. H4: On the H4 timeframe we draw the pennant pattern and wait for a breakout. Have a nice day.