The rate hike is expected to arrive at October or December. Both points are possible resistance breakouts. There's also a selling opportunity if the trendline breaks below. www.federalreserve.gov
Both scenarios are plausible cases. If the USDOLLAR ( US Dollar Index ) breaks out above the resistance line it has been holding for some time, the trade will go all the way down. If the GBP show some strength and the dollar gets it's temporary weakness the upside is has a higher probability of happening... Tight stops, 0.7% equity risk.
Considering the USDOLLAR Index is approaching it's trendline, we should see a resistance test in the next few days. If there is a rejection, the position will be increased. (From 0.5% to 0.9% total equity.)
Short squeezing exit. Long on trendline breakout, ride it out. Stop-loss and Take-Profit are placed inside the chart.
Quick 3:1 scalp long bias after trendline break. 0.7% equity risk.
Short at resistance rejection Long at trendline touch Short at trendline break
There are currently no trades open on the Nikkei 225. I'm just sharing my current important levels and the main trendline . I'll wait for one of these important blue resistances to break or reject the price before I get in the market. I'll update with a new trading diary if I get in a trade.
There's nothing much to add for this. Stop on break-even .
For those who are not familiar with the pattern: www.nobrainertrades.com Short on trendline break or upper resistance rejection . (Second case: keep your stops tight.) Long on upper resistance breakout. (Less chance of happening)
I sense it's a little bit risky because the entry is right where was the previous resistance/support (an important level overall), but the risk is adjusted and I feel confident about it.
As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about: The US Dollar Index ( USDOLLAR ) may breakout the resistance and go higher Or it may get rejected at the resistance and come back all the way down Considering both...
After opening a long at the trendline break on 17233 , I'm waiting for the resistance breakout to keep it open or for the rejection plus the trendline break to reverse it. If it respects the trendline, there's the possibility of adding up to the position and letting it ride until 17763 or 17979 . My stops are positioned where I began the trade, so it's...
Here's my third chart of my daily series where I day-trade the Nikkei 225. After a 100 points loser and a 800 points winner trade, I'll wait for this trendline breakout. (Or resistance, if it insists on going to lower levels, which I doubt right now .) My orders are set on the following ranges (blue squares) with its respective numbers of % importance: ...
From the fundamental perspective there's no ground/reasoning to this trade, so I don't feel a lot of confidence in it - given the R:R and lower lot size -, all traders should watch the pivot levels on the way down tho.
Just some Support/Resistances study plus Price Action. There's no swing bias, it's all day-trading.
Although I have am sort of skeptical about the trading analysis of triangles, this one holds very high hopes on it's outcome. Remember the UJ is highly correlated to the S&P500 and other US indexes nowadays, so any sudden moves on the equities markets will be followed by this pair as proxy. I'd say the breakout is bear biased, considering the market condition...
Position R:R etc is in the trade idea. After 50% of the movement towards my goal the stop is set at break-even.