I see some upside on this pair. I am a USD Bear but it's sold off so much lately, I am looking for a hedge to the upside. 1. MACD Divergence 2. RSI Oversold. 3. Price at a strong support area. .5% Risk 2:!RR - Happy Trading!
I see price slowing on WTI /USOIL: - Shooting star formed on the 1Hour, -MACD Divergence (developing) -RSI Overbought -At resistance area, -2nd Resistance pivot.
I am seeing a short here: 1. Price has pulled back up to the 78.6% Fib level, but the 61.8% level if observed from a daily. 2. MACD divergence 3. Price has broken out of the main uptrend channel from last week. 4. We have a candle closing on the 4 hour to suggest a price reversal. I would call this a Harami being forced to be technical. Ideally a "Tweezer or...
I'll look at this pair next week, I see this as a highly probable trade idea. 61.8% Fib level. The 4 Hour is already finding mild support there. 1% Risk 2:1 RR - Happy Trading!
1:1 Risk Managed fade trade here. Price has pushed so strongly in one direction, I'm looking for it to relax. simple 1:1 RR ratio. Good Luck!
The Swedish Krona you ask! This pair is a heavily traded exotic, and setting up nicely for a long "scalp" . 1. MACD Divergence, 2. RSI Oversold 3.4Hour engulfing candle 4. Did run up after that engulfing candle but has pulled back to give us a better entry. 5. So close to support, I obviously like to see it even closer....but. 1% Risk 1.5:1RR -Happy Trading!
I'm looking for downside on this. I entered at the 61.8% level, a limit order that hit, I see this as a pullback from a recent strong drop. 1% Risk, 2:1 RR - Happy Trading!
I see some reasons to long this pair: - MACD divergence, especially on the 1 hour. -I see price dropped after a news catalyst a couple days ago. -RSI is hover in and at a "oversold" area. -Market is developing a "tweezer bottom" All this is lending to a high probability setup for the long 1% Risk, 2:1RR - Happy Trading!
I will not trade this pair....but I do see it selling off more this week. Everyone loves chatting BitCoin...I just don't see the massive run up...yet. Price has broken below a wedge, and then blew through the daily 200ema, I see it in a consolidation area. -Happy Trading!
I think I'm going against the grain here? I have a bias to USD weakness. I think it will happen quickly...the recent news events have failed to "whipsaw" around...I can't put my finger on it...but the market feels jittery to me. I am making a call for USDCHF to the downside...breaking though this level of support on the index and this pair. I have done well this...
I see price breaking this channel for more downside. I'll trade this in another vehicle. -Happy Trading!
I'm hedging this trade, short to the 50% fib area then a long. I see USD weakness, but I see the JPY weakening more. Inverse H&S on the daily, trading this small scalp to the downside and a limit order to long. Let's get to it this "weak" 1% Risk, 2:1RR -Happy Trading!
Just trading the price action. 1% Risk 2:1RR - Happy Trading!
Silver has had quite the run up as of late, I am seeing a shooting star on the weekly. I will be looking for an entry to the downside but, As with precious metals....I'm a perpetual Bull. Silver has broken a 200EMA on the wekly....notable indeed. I meant to post this to my idea yesterday...but, I've reloacted to Costa Rica from Canada and well, had to go surfing...
Looking for a break, CAD news early tomorrow morning, I will have a look after the news event.
I may set a limit order for this trade. Just scrolling through my charts, I see a potential here. Ok so, price has hit a support area on the daily after quite the sell off. A "High Wave" Candle has developed, traders will take notice of that. There has already been a Bullish push up, I would want to see relax a bit. Dropping down to the 4 Hour chart we have a...
A quick little scalp trade to the downside. This would technically be called a "Bearish Pennant". Price has reacted at the 50% Fib level on the daily, and on the 4 hour. Risk management and quick stops to protect ourselves. .5% Risk 2:1 RR - Happy Trading!