Kiend23

Kiend23

This was very unfortunate as i was wicked out by just 1 pip only to see the market play out in my direction. Reasons for entry were: -Uptrend Price was holding structure support well on 1h with 4H failing to close below. - 38.2 fib lining up nicely with my support -Double bottom -Risk on so AUD strong and JPY weak Lessons Learned: Stop over complicating...

Kiend23

I entered this trade with the following confluences to back my bias up: - Clear descending channel - 61.8 respected lining up nicely with a touch of TL - Broken and retested structure (support turned resistance) - Multiple wick rejections to the upside on 1H - Well under the 200 EMA - Good close back Below 50 EMA Entry was on the bearish engulfing from the 61.8...

Kiend23

Price had been consolidating for a month and had a strong daily close above the resistance. My entry was the second retest of the support so the double bottom. It was risk on however the DXY was having its pullback so that may have been the cause for getting stopped out. I entered after the bearish engulfing on the 1H which shown failure to close back below...

Kiend23 Updated 

Ended up taking a sell for the following reasons: -Descending channel being formed - 61.8 fib being respected - Descending TL touch - DXY broke a key daily resistance Lessons Learned: When taking entries based off the 61.8 alone, use 707 as guidance for SL placement

Kiend23 Updated 

Price broke the descending channel however still held this resistance which was also 707 fib and creating a double top. Entry was the 4H bearish doji showing the res was holding. The DXY also broke a key daily resistance so correlating to NAS down. Lessons Learned: Not much it was more of an unlucky trade, stops were tight but safe just above 78.6 fib and...

Kiend23

Major double top on the 4H however price failed to close below the support i had drawn. Was waiting for either the break or bounce and obviously we got in the bounce (Buy). Reasons for Entry: - 4H higher low created - still in uptrend despite the double top we still didn't break the major structure - 1H failed to close on 2 occasions but it was a heavy sell...

Kiend23

Beautiful entry from the 61.8 wick spike which was also my support, TL touch and was the bottom of the range. Unfortunately the DXY broke a key daily resistance hence the push down to taking me out at BE. Looking back at what i could learn from this is that its just in a range and they're more risky so maybe wait for the break above or below unless price action...

Kiend23

Last week we saw some bullish moves in the DXY but still failed to break any previous structure. We can see the major double top to this daily resistance which is also a daily 61.8 fib which is what we like to see! Especially moving with the trend there is so many reasons just on the technical side for the $ to continue is fall. However as always we plot all...

Kiend23

My bias is neutral here we will have to be patient and see what happens. If this long term descending channel is broken and retested along with our 4H resistance which is also 23.6 short term fib is broken then we can look long upto the long term 61.8 reversal fib as a lot of sellers may be interested there. For sells I would be looking for a continuation of the...

Kiend23

Simple break and retest of this resistance turned support that lines up nicely with the 'golden zone', also failing to close below. Buys look really good here but it would be on a sunday night and we dont trade then further highs to be expected as the dollar plummets also. Sells aren't valid for me untill we see a major reversal or recovery in the Dollar which...

Kiend23

Clear uptrend however we are failing to close above this resistance around 1.375. Buys are preferred especially with the DXY falling with nothing right now to stop it. If we were to take sells it would be based off GBP weakness rather than USD strength. Buys look really good on that TL touch that lines up with long term 38.2 fib, short term 61.8 and my support...

Kiend23

Same scenario as AJ however, simply waiting for a break and retest of either side of consolidation range i may take a buy on the touch of this 61.8 fib depending on how price action presents itself again buys preferred but both scenarios plotted as always

Kiend23

Simple as waiting for a break and retest of this consolidation range, with a months consolidation were due a big move, however i do prefer the buys with the DXYs downward outlook.

Kiend23 Updated 

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