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!
Last visit Joined 9 months ago
Follow me on Instagram for more regular posts: ms.fxtrading
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPUSD 14% | 8 EURCAD 8% | 5 EURUSD 7% | 4 NZDCAD 7% | 4
MitchellShoesmith MitchellShoesmith GBPAUD, 120, Short , 18 days ago
GBPAUD: GBP/AUD - SHORT
17 0 7
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 , 2 months ago
EURAUD: EUR/AUD - SHORT
28 0 6
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 , 2 months ago
EURUSD: EUR/USD - SHORT
90 0 11
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 , 2 months ago
AUDUSD: AUD/USD - SHORT
27 1 5
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 , 2 months ago
USDCAD: USD/CAD - POSSIBLE SHORT
26 0 3
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 , 2 months ago
EURCAD: EUR/CAD - SHORT
19 0 2
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 , 2 months ago
USDJPY: USD/JPY - LONG
26 0 4
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 , 2 months ago
NZDUSD: NZD/USD - SHORT
13 0 3
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 , 2 months ago
EURUSD: EUR/USD - SHORT
174 0 9
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 , 2 months ago
EURCAD: EUR/CAD - BIG SHORT
54 3 7
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 ...

MitchellShoesmith MitchellShoesmith GBPUSD, 60, Short , 2 months ago
GBPUSD: GBP/USD SHORT
42 0 4
GBPUSD, 60 Short
GBP/USD SHORT

Posting this one a little bit late but i am currently short on GBP/USD with downside targets of 1.21750. There was a nice pullback to the 78.6 fib level and a CTL break and nice bearish 4H close. Lets see how this one plays out. For more regular posts follow me on instagram: Instagram: ms.fxtrading

MitchellShoesmith MitchellShoesmith EURCAD, D, Short , 3 months ago
EURCAD: EUR/CAD - SHORT
36 0 7
EURCAD, D Short
EUR/CAD - SHORT

Potential for a nice short trade of 200 pips or more from this setup. Just broke out of the daily corrective structure to the downside. Now in a period of consolidation and moving sideways in the market. Will be looking for a break of the consolidation on the lower time frames to get an entry on this one. Let me know what you think.

MitchellShoesmith MitchellShoesmith NZDCAD, 60, 4 months ago
NZDCAD: NZD/CAD - SHORT
16 0 0
NZDCAD, 60
NZD/CAD - SHORT

NZD/CAD is also in a period of consolidation, looking for a breakout of the corrective structure to the downside. My long term bias is this is a bearish pair and will look to enter short on the breakout.

MitchellShoesmith MitchellShoesmith EURCAD, 60, Short , 4 months ago
EURCAD: EUR/CAD - SHORT
39 0 1
EURCAD, 60 Short
EUR/CAD - SHORT

Looking for a bearish move from the breakout of the corrective structure on the 1 hour time frame. Already had one big breakout from previous wave, looking for further downside movements. Target it -27% fib around 1.44100 level.

MitchellShoesmith MitchellShoesmith GBPAUD, 240, Long , 5 months ago
GBPAUD: GBP/AUD - LONG
123 1 6
GBPAUD, 240 Long
GBP/AUD - LONG

Inverse H&S formation on the Daily TF which we have just completed the RS and are currently in the BUY ZONE. Upon the break of what was acting as a previous support (now resistance) of 1.70525 I will be looking for a long entry. Most likely looking for a break above the 23.6 fib. Just over 2:1 R:R Ratio, will keep my eye on this as the day progresses.

MitchellShoesmith MitchellShoesmith EURNZD, 240, Long , 5 months ago
EURNZD: EUR/NZD - LONG?
10 0 0
EURNZD, 240 Long
EUR/NZD - LONG?

Just had a breakout of the TL, anticipating a pullback to around the 50% fib after the rejection of the 61.8% fib at which point i will look to go long to the 78.6% fib. Trading TL's / Waves / Fibonacci / MA - ALWAYS looking for confluences!

MitchellShoesmith MitchellShoesmith GBPCHF, 240, 5 months ago
GBPCHF: GBP/CHF - Close To Go Long
7 0 1
GBPCHF, 240
GBP/CHF - Close To Go Long

Potential to go long on a reaction of the previous support/TL. I will more than likely look for a strong rejection on the daily TF to go long. However another possible point of entry to go long would be a clear breakout above the 78.6% fibonacci on the lower TF and a cross of the 240 TL. Let me know your thoughts.

MitchellShoesmith MitchellShoesmith GBPUSD, 240, 5 months ago
GBPUSD: GBP/USD - LONG
73 0 5
GBPUSD, 240
GBP/USD - LONG

Adjusted long entry after we didn't see the break of the 61.8% fibonacci as shown on previous post. Will now be looking to enter long on the rejection of the TL. Let me know your thoughts.... breakout or reversal?

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