There we go! A Big big win to end the week! Very happy today
The price just touched the support and spikes up to touch our target!
NZD/USD Weekly perspective. Simple Weekly fib D2 extension confluent with resistance. Also if you check are NZD/USD daily post we also have another fib targeting the same resistance therefore this is are next target for NZD/USD Only looking to long this pair waiting for the perfect opportunity patience pays!
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...
Just a short trade review which should emphasize the absolute necessity of your trading plan! Just FOLLOW YOUR PLAN! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
On FX:EURUSD , the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then...
Finally a win. Weekly was making lower highs and lower lows - great downward trend. Downward trend had broken then longer term underlying monthly up trend. Took the trade off the 4HR - Saw a mini head and shoulders pattern emerging and thought Id risk getting in early and the formation of the top right shoulder.
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in...
Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Reasons for 1.Price has been stuck in box range for a few weeks now 2. 1.08000 Level is a strong level of support as the past has shown 3. Price has put in a bullish hammer and a bullish engulfing 4 .Price also put in a sign of reversal with a tweezer bottom 5. All these signs signify a reversal and possibly momentum to the upside
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
Also another sell setup 1. price has come to previous structure and shown a huge bearish candle 2. price put in a bearish engulfing candle 3 price is downtrending 4.previous candle was a doji on the daily previous candle was a bearish hammer sign of more sellers in the market :)
So .... 1.we have a strong trend line acting as RES 2.we had a fake break out 3. price has dropeed after the retest of trendline 4.bearish engulfing on previous 4hr candle 5.daily candle is a bearish hammer
Entered this trade just few hrs ago and the Target was hit just couple of mins ago! Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already. Attached to this is original post...