LAfxtrader

LAfxtrader

Sell the breakout

LAfxtrader

Cotton has been bouncing off support since July and I have been waiting for a breakout to buy.

LAfxtrader

SOLD THE BREAKOUT

LAfxtrader

If price breaks the trend line i will short

LAfxtrader

If price breaks the trend line, I will be shorting GBPUSD

LAfxtrader

Price has reached an important level after we have sold. Bullish hammer has formed

LAfxtrader

SIMPLE PRICE ACTION

LAfxtrader

Simple resistance rejection trade.

LAfxtrader

This is a simple price action trade off of a major resistance zone. I will be trading this based off the daily and weekly time frame. SMALL LOSS - HUGE REWARD

LAfxtrader

Simple price action

LAfxtrader

Trend reversal with price below the cloud on the 4 hr and a kumo twist on the 4hr, daily, and weekly. We will be looking for price to touch 1184 - 1175

LAfxtrader

Broke 618 fib so next point will be our major support zone.

LAfxtrader

We tested the 50 fib with failure, lets see if it breaks 618

LAfxtrader

RESISTANCE BOUNCE, BOLLINGER BOUNCE, AND BEARISH PINBAR

LAfxtrader

we are at 07 lows, do you see what happened in 08 when the collapse happened? What do you think will happen when our economy collapses again and we enter hyper inflation? Commodity prices SOAR! You know we have a bond bubble, student loan bubble, auto loan bubble, our economy is in major debt! So what happens when we go bankrupt? Our paper assets are gone. Clear buy

LAfxtrader

SHORTING off of previous resistance

LAfxtrader

There's two possible ways this trade can play out. 1. Head and shoulders is complete on a support zone that has been respected in 1999, 2004, 2008, and Today. If we break that major support we will look to hit the red rectangle zone and pullback to our now major resistance down to 98.874 2. We have a bounce off of the respected support to 101.942 then to 107.423 then 124.0

LAfxtrader

HEAD AND SHOULDERS ON MAJOR SUPPORT ZONE