KingWenz84

KingWenz84

Ok so we finished the HS idea a little earlier than I published in my last idea. We then had a gap below which we have now come back to fill and have supported nicely. We now have an opportunity to long this pair from the support. My TP is shown on the chart however I do feel we will go higher, but this will be for future trades

KingWenz84

So my last long idea got stopped out. This is my new one... We are still trading within the same range we have been for some time, we have gone back down to re-test the bottom to create a double bottom, which has supported nicely. I am now looking to take this back up with my SL just below the last low.

KingWenz84

So this one is going strong. Like most pairs we had a pullback caused by the news in the US yesterday. however it is worth noting the pullback on this pair was a lot smaller than on others. We have a good opportunity now to add to this trade with a SL just below. It is also worth noting that the MAs have crossed indicating a further bullish push.

KingWenz84

Ok so my last long idea got stopped out. This is my new one. I am still sticking with my overall bullish overview. We had a big pull back caused by the news yesterday however this has now created a HS which gives me a nice 1:3 RR target. Once we hit the target we could break through to head toward my longer term target, or we could see a small retracement.

KingWenz84

So this is my idea on a high time scale. I will be using smaller lots sizes as I expect this to take a few months to complete. You will see we have hit the triple top and have shown strong rejection each time. Overall we have remained in this area for 2 years and I do not see it break up now. This along with the bearish divergence is enough to give me confidence...

KingWenz84

We have been consolidating for the past week of so. I see the break out coming in the next day or so and I expect this break out to be a bearish one. I will post 2 ideas on this commodity, this one and a longer term swing short. On this idea you will see I have put quite a big SL, this is because we could see 1 or 2 moves back up to the top of this area of...

KingWenz84

This is moving nicely, you can see we have broken the level of resistance shown which has turned support. This has given us a good high probability long opportunity which is in line with my previous idea.

KingWenz84

Ok we have consolidated as expected. You will see we have come back down to this level of support which has been tested a few times an held. I am going long for the next leg of the overall bull move.

KingWenz84

I have not looked at this pair for some time but I just noticed we have hit a bounced from a level I highlighted some time ago. I have checked the higher timeframes and this level (yellow line) was important as there was a gap which needed filling. Now this has happened it has opened the door for a move higher.

KingWenz84

SO we are off to a good start with this one. We have moved up to a level of resistance and are trading between the MAs and resistance. Most importantly you will see that the MAs have crossed which is a strong indicator of a further bullish move.

KingWenz84

Just like my idea on GBPCHF, on this pair we are also at the low trend. On USDCHF we have seen the double bottom and have shown nice rejection from the support. I see this turning Bullish for the coming weeks. I will take this up with an initial trade which I will take 50% profit at the first level of major resistance and look to add more positions on the pull backs.

KingWenz84

firstly I realise I have posted a few contradictory ideas on this pair. I'll I will say it is important to remain flexible and realise when one is wrong, which I now think my last short idea on this pair was. I have adjusted my ascending channel based on the last high and the bounce from below which is where I have now put my supporting trend line. I have revert...

KingWenz84

I have found a good opportunity on AUDCAD to long this from support. I will be taking this up to the next level of major resistance.

KingWenz84

We have had a nice push up as expected. I am now expecting some consolidation to bring the RSI level which should enable this to continue to push up. This may give us a chance to scalp. Having said that we do have some big news of the coming days so this could prompt and break out. If this happens I would expect a spike down to gain some liquidity.

KingWenz84

Ok so my last short idea got stopped out. This is my new one. We have come back up to test the previous lower trend line, which to me is a good chance to short this pair with a tight SL.

KingWenz84 Updated 

The last Trade worked out well, I am now going to if I can take it back up, This is the trade I have been waiting for. I am going in 1/2 my normal size with the view of adding either on the double bottom, or the high low. We could also see it move a little lower or simply break the trend line. this way I not too heavily invested until we have confirmation of the...

KingWenz84

So we broke through the bottom of my ascending channel so now in my view we will therefore test the bottom on the previously identified descending channel. I will take another look at the price action when we get down there. but I have shown a couple of possibilities.

KingWenz84 Updated 

Ok, this is my confirmation to short this pair back down to support. So far this pair is moving in line with my last idea.