I have reduced the silly indicators. Basically I am only using charts patterns now.
This also means that on the weekly we can see that it closed a doji star the previous week after a down trend. This is a very bullish signal.
Chances are high that the next weekly candle will close in the green.
A weekly candle rarely goes straight up or down during the 5 days it...
AudUsd on the weekly time frame closed a doji last week. But its not a clear version of a doji that you want to base a reversal sign on. So I moved down a bit
to the daily time frame to see if it gives a more clear indication.
The daily has 2 options and the right option will most likely be confirmed on Monday's close. If Monday's candle closes above Friday, than...
Simple setup that will give at least 60 pips. EURUSD has broken from the upper range so its very likely that it will continue up a bit more or a lot more. The indicators are also looking good.
Buy around 1.2230
Take Profit 1.2285 minimum. Best is to keep raising your stop loss and follow the move further up to 1.24-1.26
Stop at 1.2160
AUDUSD on the daily time has a beautiful upwards trend that has been going on for some weeks. It looks like it might soon reverse in at least a corrective down wave.
Sell at: 0.7980 and or at 0.8022
Take Profit: 0.7813
Stop at: 0.8050
Currently more room down seems to be ahead for GBPUSD. Dont buy until it has hitten the first or 2nd lower range and you see a green candle being created on the lower range. This is a possible bounce back sign. If its a red candle and the lower range breaks then sell it all the way down!
USDJPY remains bearish. On the 4 hour chart Ive laid out the next support levels and the current trading channel. Dont buy USDJPY untill the upper range breaks. Tell that moment it remains a sell with a stop about 15 pips above the upper range.
Use support levels as your take profit or as level to aim at a bounce back up.
On the 4 hour time frame for USDJPY it looks like it will go down a bit more to touch the support after that it might bounce up to the upper range.
Sell with take profit 111.15
From there buy with take profit 112.10
On the daily time frame NZDUSD has reached a nice resistance. The indicators also have seemed to reach their top and are running out of steam reversing back down for a next bearish wave.
How ever its all still fresh.
If youre an early bird you could sell NZDUSD now with a 70 pip stop loss and target 0.7025
If you prefer less risk then wait for the next daily...
On the daily time frame AudCad is looking at further down movement. The lower range has already been broken and the indicators show power that might also break the support. So AudCad sell position can be profitable to hold for 1-2 days.
TP: 0.97 > 0.9645
On the daily time frame for UsdJPy we see that it has been trading in a tight range for a while. Also we see
that the current candle is above the upper range. This is an indication of a possible break out. Since its the daily
time frame we need to wait till the end of the day and see if this candle still is above the upper range. If its not
then it could be a...
EurGbp at the 1 hour time frame is nearing the lower range and also a support levvel. Chances are price will bounce back up from this level.
Wait for the next hourly candle, if its green its a bounce back and high chance of next 2-3 candles also being green, so take a buy.
If its a red candle and breaking the support then its a nice sell entry. So on market open...
EurUsd on the daily time frame is showing a nice bearish set up. Todays red candle looks like a rejection of the resistance confirming further down movement,
The first sell target will be the lower range, once that breaks youre looking at the next support level around 1.1864
Entry: Current Market Price
TP1: 1.1980 TP2: 1.1875
Oke so this idea is maybe a bit unclear, but I publish it anyway so that tomorrow evening I can look back and see how it evolved.
At the moment the daily time frame is a clear short, if you plan to hold your position for a few days then dont even think about buying it.
The 1 hour time frame looks more interesting, as you can see it has developed a so called...
AUDUSD shows a nice buy setup on the daily time frame. As you can see the range is narrowing from 2 perspectives. Its also reaching a support level. All this together can lead to AudUsd bouncing back up.
Open: between 0,7535-0,7570
TP: 0.7640 TP 2: 0.7710
USDJPY on the daily time frame seems to have entered a new down trend. You can see that the lower range of the previous uptrend has been broken and its now forming waves of the new down trend.
So what your now basically are seeing is the a blue print for the new trend. Since its now at the stop of it close to the upper range and the Stoch is very bearish its a...
USDCAD on the daily time frame shows a nice buy setup. As you can see it has already broken the upper range which is a nice bullish signal. Then we notice that its currently at a resistance. When you see how Stoch and ADX are shaped it looks like theres enough power left to break the resistance and head up further. Stoch is about to make the bullish crossover and...