Cac 40 Index: Broken out and heading for 5790-5860 range, with 400 to 500 points upside still left in it in near term. Get long before the weekend and ride the rally, or sell into strength come Monday
The Rules of this Trading Strategy Are: Step One: Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade) Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80 or higher.) Step Three: Wait for a...
Hello traders. Eur/usd overview for the week ahead.Currently price react of 61.8% Fibb level. We have well formed channel and head and shoulder pattern. From now on we looking at either respecting the second shoulder and 61.8% level , price breaking the channel and looking for Buy scalps on 15m chart along the way. The second scenario is if price does not respect...
Wait for a channel bounce and look for opportunities to short this pair!
So based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected
NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not...
haha got to love weekends and openings. Another reason why i teach people to not leave trades open over the weekends when they are technical and looking at timefreams lower than the 1D
This could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further. Liking this for a short on Monday Scalp opportunity: TP1 0.764 Larger swing: TP1 0.76164 TP2 0.757 TP3 0.74
Retracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps. Will see how we go on Monday If you wanted to be conservative, you could just wait for it to bounce off the bottom of...
Waiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214. TP1 1.412, TP2 1.404
Potential short term reversal off of descending trendline on nzdusd. Friday momentum can play a factor into pushing this to the upside as traders look to close short positions (buying back their short sells)
Seems unlikely to complete, due to the multiple rejections at the trendline, however it is a possibility.
Before every week of trading , I like to sit down and check out what the markets will be doing this week , and how I can ease into the earlier part of the week without losing money. The Us Dollar is the perfect currency because we have several major components at our finger tips. the Dow (above) is the first one we will talk about. This week the Dow is moving...