Major trend line pressure acting as critical resistance level.
First target at 61.8% fib level and beyond.
Looking at a 1:1.5 risk reward.
Stops above highest high.
Awaiting further confirmation before entering into the trade.
Bearish bias on GBPCAD.
Moving closer towards it apex with evident bearish signals in play,
Lower highs and lower lows following a clear correction phase.
Targets 1 & 2 clearly shown. Price action discount everything. Strict 3/1 risk reward ALWAYS.
Work in percents and pips NOT money. Psychology is key.
Awaiting a clear sell signal.
EURUSD exhausted following a rally towards weekly resistance,
fibonacci retracements are targets 1 & 2 at 50% and 61.8%.
Price action creating a bearish picture as mutliple doji's have formed,
along with the stochastics shifting down in divergence from overbought,
this confirms my short position.
Continuing the downhill momentum with the increased USDOLLAR strength.
Price action giving me clear signs of a further push towards the monthly resistance level,
here we may see a reversal start to form along with further economic activity this week and next.
1:1.7 risk reward. At your own discretion.
Looking for traps. Don't get drawn into piling on lots...
AUDUSD formed a rather large triangle,
the breakout is imminent as spikes and price action are confirming the reversal.
The big picture showing that this is just waiting to explode to the downside with key levels put in place.
3:1 risk reward with firm not trailing stops. MA's also confirming this downtrend on smaller time frames 1/4/8 and daily all showing...
Buyer optimism and momentum meeting strong resistance.
Shorting the bounce off major level, back towards the 10400.
Along with the stochastic levels rapidly approaching overbought,
thus confirming further my position when this level is approached.
a triple top formation seems to be forming on a longer time scale possibly this pattern leading to a large...
Continuing the downtrend on this pair.
The trend is your friend.
Observing how this pair flow and the way buyers and sellers pessimistic nature is controlling the direction of the market.
Using technical analysis and key levels to allow me to find hard stops and changing points in the structure of AUDUSD.
High probability to the downside with a hard 1:3...
USDCAD short analysis,
Continued ranging market in the long run,
a bounce off major critical level resulting in downward momentum,
price action playing its part as a major influencer in the execution of this position,
correction towards the shaded blue is TARGET 1 (130 PIPS).
Price action at this point will confirm movement to the downside further or if...
USDCHF daily candlestick close below ascending trend line,
confirmed by the cross of the ma's at that particular point,
clear divergence shown on the stochastics,
leading to a high probability of a continued downward spiral towards targets 1 + 2.
Price action on smaller timeframes to confirm my position to the downside.
High risk/reward at 1:4
Break out trend line along with the retest,
doji's forming below the break of the trend line following the retest.
Confirming my short position in gold.
2:1 Risk reward in play.
Awaiting further confirmation through price action to confirm entry.
EURUSD bounced off a critical level,
starting to form a nice gartley pattern with the final D leg in creation,
this confirming my position along with the divergence of stochastic,
and the aligning of the moving averages.
Target 3 being my final and realistic target given time.
Fundamentals for the coming week will no doubt give price the boost it needs...
Increased downward momentum following break of up trend,
confirmed with a divergence of stochastics,
as well as what likes like a progressive downward spiral confirmed with MA's.
Following a bounce of critical monthly level.
Short stops in place with a reward/ risk 4:1.
Expecting large movements for the coming week.
GER30 looks set to have reached overbought conditions,
with multiple confirmations resulting in my short position,
1. A critical level being reached resulting in the beginning of a double top formation,
2. Overbought levels with a divergence imminent,
3. 200ma acting as a key target level at 3 with near to 500 pip potential.
Risk management level put in...
GBPEUR looks to continue its push to the downside following,
a break and a 4 hour close below the;
1. trend line and 2. the 61.8% fib level.
Confirming this is the breakout retest of the 61.8% level
a major critical level along with the further confirmation from
the moving averages which reflects the average consensus of value in price.
Ger30 reaching overbought levels along with critical levels being reached,
high probability of a reversal to the downside over the course of the week.
Price action confirming my short position as well as a harmonic pattern looking like its in the process forming.
Further targets will be decided upon just before completion of target 1.
A break above the...
Ger30 has reached overbought levels on stochastics.
Alined with a bounce off both and major critical level and a bounce off the 61.8% level,
along with a bounce off a major trend line.
This leading to a very high probability that a reversal is in taking place with;
Targets 1 & 2 in place,
Price action at Target 1 will determine whether I take profits.