Clean wedge break on the EURUSD hourly. Should be good for at least 3/4 retrace of the wedge. Easy simple and to the fact. Pips.
As all of you know I am short the NZDUSD due to my previous chart, however I wanted to get a closer look as well instead of just the monthly chart. Here on the 8 hour we have what looks to be a Head and Shoulders pattern. Now before i say anymore, I will say these pattern in my eyes are not the best patterns due to overthrows and neckline rejections. A neckline...
I think that the person you know that made lots of pips off this pair since January probably got into a simple trend line break. If you look at the chart there is a very clear sign of a huge bearish move. The price had been building on a steady trend and then once this TL broke in January, the exact time you said he started making those pips it had a long way to...
Another trade i posted long ago, pretty much following the exact path I said it would. Clear overthrow situation on the bottom which is very common for this pattern. The price action looks ripe for adding into the position at this point for target number 2. (TGT 1 was on the downside which was already met)
If you look back on my charts I posted this around 2 months ago. I decided to repost because I felt it was still worth new faces seeing. The pattern as stated previously clearly corrective, I knew it had one more move to the upside so I allowed it the time it needed to get there. Yea I know most of you hate being in trades for long amounts of time, and to be...
I posted this chart at the print of the last monthly, I had a feeling leaving such a nice candle we would get a nice big move back up to scare away all the shorts, however keeping the stops above the previous monthly candle would have kept you safe in this position. After a trend line is currently on the verge of breaking at this moment on the lower time frame, I...
Im still neutral on this trade for now, but I really like to play neckline rejections on head and shoulder patterns. I didnt catch it in time this round, but i will watch for a break north to get long.
I think the EURGBP has some downside here, I would like to at least get a retest of the shown trend line on the chart to begin with. At this point Ill watch for a break back down or a bullish candle closing above the trend line. Provided we break back down under the TL I will aim for 2nd listed target on chart. If we get a nice bullish candle off the TL I will...
Why mess up a good thing? The AudCad has been breaking trend lines with proper follow through. I think if we get another break Ill short it again looking for lower.
I think this setup for a long on the Peso is perfect trade for those S&D traders. Bouncing off an old high now and we have a shaved candle a couple candles back as more evidence for this trade.
Cheeky little trend line trying to break here. I do not truly believe AUDCAD has any real short term direction so I will take this short trade that offers a decent R&R. Parameters listed on chart.
One of my favorite trades is trading to the trend line. Lots of people like to wait for breaks and retest and I do too. But another way to get some pips is to make the trade to the trend line. In this case ill take a long to the first trend line listed. I will then close my position and look for a break to get long to the 2nd listed rectangle. On the other side if...
I have been wanting the GBPAUD to go up for a couple weeks now and it has kept creeping on down. I haven't been able to pull the trigger yet but my new hopes for this set up is to get long when the price action gets into the lower rectangle possibly creating a bottoming formation here. I expect to get at least to the top of the pattern before price hopefully...
I am watching this big descending triangle on the 8 hour charts for now, i will watch for a break to be sure but to me its looking bearish. Again i wont make that decision until a break is made. Patience is key.
Ive been posting about the EurNZD long and NZDUSD short opportunities for quite awhile now, but being that we are at the start of a new month and got the prints I was foreshadowing, I deem it neecesary to post again about the trade. We have this very clear corrective pattern on the monthly, FOLLOWED by an amazing candle on the monthly close. The trade is already...
This is a smaller time frame trade but still relevant, Watching for a break to decide direction. Wont be tons of pips, but pips nonetheless:)
I like the possibility of an ascending triangle here on the daily. Ultimately I would like to see a move to my first rectangle, an overthrow to the bottom of the ascending, and then a move back up through the potential inverse neckline. Coincidentally the Inverse HNS target is the previous larger time frame Head and shoulders that is still yearning for a retest. I...