THE AUSSIE TRIES TO FIGHT ITS WAY UP BUT REMAINS BEING A SELL ON EVERY PULLBACK RIGHT NOW PRICE FIGHTS TO DEFEND AND STAY CLEAR OF THE 0.69 LEVEL. IF THAT BREAKS - THEN WE MIGHT SEE 0.55.. NOT THE BEST TRADE TO BUY AT THIS POINT FOR OBVIOUS REASONS. WITH SO LIMITED UPSIDE AND BIGGER DOWNSIDE RISK LURKING AROUND THE CORNER STILL. I WILL BE ON THE SIDE LINE...
TO EVERY RULE THERE IS AN EXCEPTION TO THE RULE ) HAVE JUST POSTED A FEW PRETTY EASY WEEKLY PIVOT PLAYS..THEN I CAME TO THIS ONE ) NOW SCRATCH THE WEEKLY PIVOT GAME DIRECTLY ON THIS ONE ) HOWEVER, A SIMPLE TREND LINE DID THE TRICK HERE. SO JUST HAVE THE RIGHT TOOLS AND THE TRADE IS YOURS THIS ONE HAS A LOT OF GROUND TO COVER TO THE UPSIDE BUT HAS PRETTY...
3 TRADE IDEAS ON ONE CHART, ARE YOU READY ) 1. CATCHING THE KIWI TOPPING OUT AT EITHER THE WEEKLY PIVOT IT IS APPROACHING AT 0.8520, OR UP AT 0.8740 AND SELL IT. KEEP IT ALL THE WAY DOWN TO THESE ROUGH TARGETS 0.78, 0.74 AND POSSIBLY ALL THE WAY DOWN TO 0.70 2. GRAB THE NEXT PULLBACK AND IF 0.8420 HOLDS THEN GO LONG UP TO 0.8740 3. PLAY THE RANGE OVER AND...
WEEKLY CHART TARGETS NEXT DOWN SIDE TARGETS 0.60 AND IF THAT IS TAKEN OUT THEN 0.54 NEXT UPSIDE TARGETS 0.66 AND IF IT WOULD SUCCEED TO STAY ABOVE THEN 0.73 LET THE WEEKLY PIVOT GUIDE YOUR NEXT MOVE
HOW TO TRADE A TRICKY PAIR SEE THE WEEKLY CHART TO LEFT PRICE IS AT CROSSING ZONE WITH A LOT OF DOWNSIDE PRESSURE STILL. ITS ALSO AT ITS CURRENT MEDIAN FAIR VALUE BUT COMMODITY BASED CURRENCIES (THE CAD IN THIS CASE) DON'T TEND TO RESPECT ITS MFV - IT WILL RATHER GO FROM ONE EXTREME TO ANOTHER. PRICE IS FIGHTING LIKE HELL RIGHT NOW TO PICK WHICH OF ITS TARGET...
MY NEXT GBPAUD TRADE IS A SELL CAUTION - CHOPPY PA REQUIRES STRICT TRADE CONFIRMATION RULES FOR ENTRY! BE READY FOR PRICE TO CHOP AROUND THIS WEEKLY PIVOT LEVEL A BIT. PRICE MAY BREAK TO THE UPSIDE AGAIN BEFORE IT CLEARS THIS LEVEL - SO BE PATIENT. MY PENDING ORDER IS JUST UNDER THAT PREVIOUS LOW AND WITH THE INITIAL STOP OVER THE 2nd PREVIOUS HIGH TO...
THIS WHOLE TRADE IS BASED UPON WHAT I SEE ON THE WEEKLY WHERE GBPNZD STILL HAS TONS OF UPSIDE POTENTIONAL BUT IS ALSO IN A PULLBACK MODE. THIS LEVEL BELOW IS IMPORTANT AND ONE CAN TAKE SEVERAL TRADE OPTIONS BASED UPON IT 1. EXPECT PRICE TO BOUNCE AND CONTINUE ITS WEEKLY UPTREND. 2. EXPECT PRICE TO PULLBACK TO THE UPSIDE A BIT THEN HEAD DOWN AND BREAK IT....
My trade idea right now. Will sell up there as price completes an over-and-under pattern. Will be ready for price trying to make a new high but it doesn't change my plan. Once target 1 is hit I want to see price crawling under my trend line and go for target 2. Expect price to go up and fail to make a new high once again to trigger a better sell off. Will...
PRICE IS AT AN IMPORTANT CROSS ROAD ONCE AGAIN AND RIGHT NOW BETWEEN THE MONTHLY PIVOTS WHERE THE LOWER LEVEL AT 1.10 LINES UP WITH THE TREND LINE TRACKING THE PREVIOUS HIGHER LOWS AROUND 1.1050 (DEPENDING ON THE TIME SPAN FOR PRICE TO TEST THESE LOWS AGAIN) AS ALWAYS, A RE-VISIT LOWER MAY GO FAST AND DRAGHI WILL SPEAK ON WEDNESDAY - OR PRICE WILL DANCE ALONG...
See entry, add-on and TP levels on the chart Price may bounce right at current level but that aint the trade, so be patient
Knowing whats ahead makes you trade on the right side of the market. Knowing how to know whats ahead is another ball game. But here is one option that i take myself. Most traders cant see this one coming and will join very late in the game. and then they will post trade ideas stating the obvious as always. I choose to post the trade now so you can get your...
Price at interesting level. Still a possibility to buy lower but be ready for price to break above the monthly pivot as well. doesn't matter which way it takes as one has 2 options to trade it ready
Referring to bigger time frames makes this one a bit challenging to trade, just like GBPNZD. This since both pairs keeps on pushing higher when a bigger pullback is over due. Anyways, I let the PA and the pivot levels guide me to trade it on smaller time frames like the 60 min See my bigger TF charts for more guidance to trade this one on a longer term.
very interesting zone. Next few hours will lead the way. 2 options to trade as always and a trade plan for each. Use the levels to your advantage
Watch this current zone. An over-and-under pattern and fib 261.8 lurks below and the Weekly pivot is the magnet above. Either way PA choose it sets a the path for the Yen crosses this week.
IT ALWAYS LOOKS SO NICE AND NEAT TO PLOT A TRADE LIKE THIS BUT TRADE IDEAS LIKE THIS ONLY WORKS FOR THE PATIENT TRADER. ESPECIALLY ON A PRETTY CHOPPY PAIR LIKE GBPUSD. ANYWAY, I PLAN TO WAIT FOR A BETTER DOWNSIDE PRICE TO GO LONG AGAIN. HAVE HEARD A LOT OF TALK ABOUT 1.48 BUT MY ENTRY IS AROUND 1.49. NEEDLESS TO SAY, BUT THIS PAIR IS A SELL FOR ME UNTIL I...
THE VOLATILITY ON THE STOCK MARKET WONT GO AWAY IN A HEART BEAT. HENCE MY INTEREST TO BUY SOME GOLD. I WILL BUY ON THE NEXT PULLBACK AND HAVE TO CLEAR TARGETS ABOVE. OVERALL I AM SHORT ON GOLD OVER LONGER TERM BUT WE THEN TALK YEARS. THIS IS JUST A SHORTER TERM PULL BACK TRADE I DON'T MIND TO TAKE RIGHT NOW.