About meTech guy committed to learning forex trading. I'm very much still learning but I publish my trades and ideas here as a kind of trading journal for myself, but hopefully other might also find them beneficial. Feel free to get in touch or provide feedback.
This pair has been ranging since the beginning of 2016 between 1.0800 to 1.11.
Price has been climbing from the lows over past few days. Strong moves after many days of indecision doji's. Price seems to have currently hit and is retesting the sideways support resistance. I think it will retest and probably break through to the top of the...
Price appears to be selling off nicely on touches of the EMA50. So I'm placing a SELL order at 110.00 (VBRN). SL: 110.85 which has previously acted as support. I think that this SL is very generous, Actually 110.50 should be OK but I don't want to get stopped out.
TP above previous lows @ 106.5.
If we look at AUDUSD on the weekly charts, we can see that the pair has been in a long-term decline, and is currently experiencing a Fib 68% retracement.
However, when we examine the pair on the Daily chart, the short term trend is up since Jan 16, and price could be retracing to Fib 68% (0.7210).
If 0.72100.7200 holds, we could see price go higher. If the...
PInbar on 4hr chart rejecting the 21EMA on the daily chart. There's a chance that I should possibly have waited for confirmation before entering, however it's a very nicely defined bar rejecting a key level.
Bearish pinbars rejecting support at 0.7500 and 21EMA.
Placed a SELL STOP order below previous low as confirmation that price is definitely heading south.
Oscillators are all looking bearish on the 1hr and 4hr charts.
Target set for 0.7400.
Price held on support at 0.7730 and now looks set to climb higher, possibly to retest 0.8080.
I've entered on a 4hr pinbar.
Price has crossed above daily 50EMA
Stoch crossing out of overbought (signifying low swing low is complete)
RSI has broken out of oversold.
MACD looks likely to do the same.
Entry 4 hour pinbar ...
EURUSD has now broken through resistance at 1.143. Momentum looks strong enough to keep pushing higher, possibly to 1.1700 but I have a feeling that some traders may take profits before then so I'm going to set a TP1 at 1.1600.
SL is tucked below the pin bar, 8EMA and previous support level at 1.1430.
I've used the 4hr chart for...
Price is showing some bearish signals such a pin bars rejecting the trend line. One such pin bar was rejecting the upper range of the Bollinger bands. Ideally I'd like the pins to be much longer, but there are a few of them. Stoch and RSI have crossed below the Overbought line, which is a good signal to short.