Hey traders! Looking for a long breakout here, but only after breakout is confirmed. This is my favorite trade of the week so far. We have a potential flag accompanied by a completed EW triangle. I would like to see it break out during the late Asian session and continue through to the London and NY opens, but I will enter at any time as the support zones are...
Hey traders! Lot's of SMA resistance here at this level. To add to the short bias, the short term trend is down and support is diluted down to 2:1 R/R. I will likely keep the trade on through TP if the timing is right, should the breakout occur at all. Updates to come. Happy trading!
Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!
Handle risk with caution, weekly timeframe is definetly not what i like so it can turn out to be a loser, but those sometimes turn out to be huge if momentum proceeds so a smaller risk can still do well.
new trend potential if support holds above trading range.
Switched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
In this trade I'm aiming to ride the continuing uptrend to the next swing high.
If I'm right it'll continue through the old high on its way up to the high set back in late April. Stop is set below current swing low as indicated by the bottom of the red box. Take profit is set at next swing high (green box). I'm not confident that this trend will continue beyond...
AUDCHF seems ripe for a short on the 4H time frame. I make no recommendation on entry point.
1. Established down trend on weekly chart.
2. Price struggling in a band or resistance on daily.
3. 4H time frame shows an early signal of a trend change (Aroons have made an ideal cross at 50 for the bears)
4. Stops can possibly be at 0.75500 which equates...
on the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart.
To find out more about my...
I've been eyeballing 0.87600-0.88200 for a while. Why? Its a major resistance level from year 2013 and we're going strong towards it. Since its an important level it also acts as a magnet, and thats why I want in on the ride.
Sure, we could see a bigger retrace before we finally hit this level, but I dont want to risk missing it.
Why am I entering now? We see...
Copper is currently sitting in a monthly range between $2.300 and $2.000 and forming a bearish consolidation pattern following the sell off from 2015 highs at $2.940 formed back in May. Price is sitting below two multi-year bearish trend lines and holding the low of $1.936 set in January 2016. Possible scenario here is a break of the wedge to the downside below...
Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity.
The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once...
This is an interesting setup for a short on the EURUSD. I've made my probability estimates based on standard indicators:
2. Aroon 19 (a customised version).
4. ATR stop-loss by Vervoort.
Key features - all considered together:
1. Established down trend is re-established by price falling below EMA50 on 4h.