On the hourly time frame, spotted this by chance. Hit a resistance point and looks to be following in the footsteps of a previous drop.
Basic market analysis, like most of my trades. The double top and current red candle forming suggest a price drop.
Jumping in on a buy, this is after analysis of previous market patters, which suggest the price should now go up.
Similar chart and analysis to my AUDCAD buy. Hopping on the reversal after hitting resistance.
Great trade so far, again, I missed this trade as it hadn't reached the entry point yet, I'd placed an alert at just above the entry point to signal the drop, however I missed the alert coming through. Very annoying as its looking great so far, not going to enter the trade now as Its too far past the entry.
Double top has made me enter this short, jumped onto whilst a red candle confirmed the drop off. Someone in TV chat pointed out, can't remember the name but thanks!
I currently have an alert set for 0.89500, where it has previously resisted, Once I get an alert for that price I will set another alert 0.89750. This is because I don't want to open a buy too early, and this level is where I will buy as it would confirm the price action.
Looking for a short on AJ due to it reaching a resistance point, may have entered too early, but only time will tell...
Jumped in on this due to it looking to following its price history from previous.
The price hit a level of resistance at 1.94000, now recent movements have given me the impression it will follow the trend of last time it hit those levels, where it then pumped.
Got kicked out of this trade whilst making the post, however waited for another entry on this.
I caught the drop on this for the way down, hopefully going to ride the way back up.
I have shorted for 200 pips on this, so far so good!
EURGBP short, with the famous double top, struggling to break resistance then followed previous market history with a drop.
Recent daily movements on AUDCHF have been very consistent, looking to catch a buy on it by the end of the day, I've set my TP a bit lower compared to previous highs, due to the high getting lower.
I made a setup for this trade last night, however I didn't place it as I had a comfortable profit of about 2% for the day and was going away from my desk, annoyed I didnt place it, however its still nice to see your analysis being correct! Very nice trade, not dipping into the L area and just tipping over the TP before reversing.
Entered this trade with two positions, 1st TP was equal to my SL in terms of pips, which hit and then made my other position risk free. Although It was risk free, I ended up closing for a profit, which now would've been double what my first TP was.
Been watching this all day, had one succesful trade and one bad trade, this should hopefully top the day off, finally getting to the 1.22500 level ish and not breaking the resistance, so we should see a sell. 1st TP at 1.22240, if hits that then I will make second positions SL BE so guaranteed profit.