MitchellShoesmith

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About me University Student with an interest in trading and the forex market. Will be positing my ideas here, I am open to feedback as i am still learning!
Joined
Follow me on Instagram for more regular posts: ms.fxtrading
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPUSD 14% | 9 EURUSD 9% | 6 EURCAD 7% | 5 NZDCAD 6% | 4
MitchellShoesmith MitchellShoesmith EURGBP, 120, Short ,
EURGBP: EUR/GBP - SHORT
19 0 6
EURGBP, 120 Short
EUR/GBP - SHORT

DESCRIPTION OF TRADE ON THE POST FOR MORE TRADING SETUPS AND INFORMATION FOLLOW ME ON MY IG ACCOUNT - LINK IN BIO!

MitchellShoesmith MitchellShoesmith EURAUD, 240, Long ,
EURAUD: EUR/AUD - LONG
38 1 9
EURAUD, 240 Long
EUR/AUD - LONG

Late publishing but EUR/AUD long - key support of 1.39000 rejected on the pullback after creating a LH. We have now broken through the 2H 200EMA and currently sat just below the 4H 200EMA. 61.8% fibonacci retracement too coincide with further long entries and a CTL break on the 1H time frame to add to the long list of confluences.

MitchellShoesmith MitchellShoesmith AUDNZD, D, Short ,
AUDNZD: AUD/NZD - SHORT
44 0 8
AUDNZD, D Short
AUD/NZD - SHORT

New trading strategy i am testing out on the recommendation of another trader. Key resistance level at 1.10 which triggered short entry This key level of resistance also coincides with the weekly 200EMA and a CTL. Exhaustion of the bullish run. Lets see how this one plays out!

MitchellShoesmith MitchellShoesmith EURUSD, 240,
EURUSD: EUR/USD - LONG
84 0 12
EURUSD, 240
EUR/USD - LONG

Trendline breakout on the 4H time frame, bullish momentum on daily and weekly after 1.0500 held as strong support. Expecting a small pullback/correction on lower time frames and a rejection off 61.8 fib level inline with 1.05800-1.05900 support level before a bullish trend continuation. This is on my watchlist for the early part of next week! For more trading ...

MitchellShoesmith MitchellShoesmith GBPCHF, 240,
GBPCHF: GBP/CHF
38 0 7
GBPCHF, 240
GBP/CHF

Heading towards some critical levels now on GBP/CHF and expecting some big moves ahead and we have a few scenarios that are possibilities on where this pair is going. Currently there is a lot of bearish bias on all GBP pairs so a break below the symmetrical triangle and another bearish leg to monthly support at 1.19260 is more than possible. If we do break out ...

MitchellShoesmith MitchellShoesmith EURJPY, 240, Long ,
EURJPY: EUR/JPY - LONG
44 0 5
EURJPY, 240 Long
EUR/JPY - LONG

Really like this EJ long setup - missed first long entry at the break of the trend line. I will be now looking for a retest of the key 1.20800 support level. A retest of this level will trigger longs to 123.200 for me.

MitchellShoesmith MitchellShoesmith GBPUSD, 240, Long ,
GBPUSD: GBP/USD - LONG
43 0 7
GBPUSD, 240 Long
GBP/USD - LONG

Looking for a potential long on GBPUSD. Still awaiting confirmation but these are the key confluences so far and the key confluences i will be looking for prior to an entry: Key Confluences: Daily rejection from 61.8% retracement. Yellen speech on Friday caused dollar to weaken in anticipation for rate hike Entry Criteria: Wait for a break and retest of ...

MitchellShoesmith MitchellShoesmith EURUSD, 240, Long ,
EURUSD: EUR/USD - LONG
66 0 7
EURUSD, 240 Long
EUR/USD - LONG

Upon the announcement of a most likely rate hike I believe we will see some pricing into the market based on the technicals present right now. We have strongly rejected 1.05000 support and formed a double bottom, and appear to be breaking out of the 4H TL. I will re-visit this trade after the weekend and on market open on Sunday! Hope everyone had a good ...

MitchellShoesmith MitchellShoesmith GBPAUD, 120, Short ,
GBPAUD: GBP/AUD - SHORT
17 0 8
GBPAUD, 120 Short
GBP/AUD - SHORT

My view of GBP/AUD - as we can see we have respected a key level of 1.64300 on multiple occasions and currently we are retesting this resistance. 4H candles show lots of indecision and a possible exhaustion of the previous bullish run from recent lows of 1.62000. Daily TF also adds confluence with a doji formed on yesterdays daily candle. On the 1H TF it is clear ...

MitchellShoesmith MitchellShoesmith EURAUD, 240, Short ,
EURAUD: EUR/AUD - SHORT
29 0 7
EURAUD, 240 Short
EUR/AUD - SHORT

Another potential short for the week ahead.... I will be looking to go short on a CTL break and close below the 4H 200EMA. We may see this corrective structure continue to the upside to 1.44800 and retest resistance and then break to the downside. Target set at daily support of 1.41300 For more trading ideas follow me on instagram: Link in BIO

MitchellShoesmith MitchellShoesmith EURUSD, 120, Short ,
EURUSD: EUR/USD - SHORT
94 0 12
EURUSD, 120 Short
EUR/USD - SHORT

Potential short setup on EUR/USD into the upcoming week. We have had a nice rejection from the 78.6 fib on the daily time frame and a big bearish move on Friday down to previous daily support of 1.05200. We are now sat at this key daily support and a break below this level should result in some new lows. We have had a CTL break and a MA crossover on the 2H ...

MitchellShoesmith MitchellShoesmith AUDUSD, 240, Short ,
AUDUSD: AUD/USD - SHORT
28 1 6
AUDUSD, 240 Short
AUD/USD - SHORT

We have a great potential short set up for AUD/USD... We have a 50% fib rejection, which also corresponds with a 200EMA rejection and a daily TL rejection to add confluence to this move. Also, we have a 2H MA crossover and the 4H MA are looking like they are about to cross to the downside too. I am waiting for a CTL break before entering to make this set up ...

MitchellShoesmith MitchellShoesmith USDCAD, 60, Short ,
USDCAD: USD/CAD - POSSIBLE SHORT
29 0 4
USDCAD, 60 Short
USD/CAD - POSSIBLE SHORT

On the one hour time frame we have a breakout of the corrective structure / consolidation period to the downside, however now we're touching a key support of 1.33600. I will look to see what PA does around this area to see if i can get an entry. If we bounce i won't take the trade long. However if we break below support, i will be looking for a retest before going ...

MitchellShoesmith MitchellShoesmith EURCAD, 60, Short ,
EURCAD: EUR/CAD - SHORT
19 0 3
EURCAD, 60 Short
EUR/CAD - SHORT

I posted a high time frame shot of EUR/CAD shorts however i have been unable to get an entry until now. Corrective structure breakout, MA crossover and a break of the key 1.40300 daily support should see further downside momentum. We may see a small pullback to retest 1.40300 but it should be all bearish from here. Target set in line with -61.8 fib of 1.38720. ...

MitchellShoesmith MitchellShoesmith USDJPY, 240, Long ,
USDJPY: USD/JPY - LONG
27 0 5
USDJPY, 240 Long
USD/JPY - LONG

The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry. MA crossover on 4hour TF showing confluence to the upside. Wait for CTL breakout to go long. Target: 118.600 just below -61.8% fib. Follow me on Instagram for more trading content: Tag in BIO!

MitchellShoesmith MitchellShoesmith NZDUSD, 120, Short ,
NZDUSD: NZD/USD - SHORT
14 0 4
NZDUSD, 120 Short
NZD/USD - SHORT

Bearish bias on NZD/USD with the continued dollar strength into the new year. We had the breakout of the triangle structure on the 1H time frame which would have been an ideal entry however i am now short on the 4H breakout of the longer CTL with downside targets of 0.68600. A break below 0.68550 could seen further downside movements. - Other pairs i am ...

MitchellShoesmith MitchellShoesmith EURUSD, 60, Short ,
EURUSD: EUR/USD - SHORT
174 0 10
EURUSD, 60 Short
EUR/USD - SHORT

I still have a long term short bias on this pair after breaking down below a key support of 1.05200 with the daily and weekly candles still looking very convincing for a big short. Lower time frames i have missed this entry here which i would've taken on the CTL break on the 1h TF. However if this moves the downside i will look at PA around the 200EMA and 38.2% ...

MitchellShoesmith MitchellShoesmith EURCAD, W, Short ,
EURCAD: EUR/CAD - BIG SHORT
54 3 8
EURCAD, W Short
EUR/CAD - BIG SHORT

First of all Happy New Year everyone, i hope everyone had a great 2016 and is looking forward to achieving their goals in 2017. Now, back to the analysis: EUR/CAD: W - 200EMA REJECTION, DOJI HIGHLIGHTING 1.42000 REJECTION. Expecting big shorts on this pair of the next few weeks downside projection of 1.35200. I currently haven't got an entry signal on the ...

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