MtxTrader

MtxTrader

Not my indicator, but i've borrowed it from a friend. The Range Delta works best when it is oversold during a price uptrend, and overbought during a price downtrend. Assuming the trend itself remains intact, this AUDJPY buy is a very good position. Momentary price retrace from Fibonacci Retracement resistance, now buying with a target of around 86.

MtxTrader

After a weakening AUD and a reaction with a fibonacci retracement and price action resistance at 87.60 and 86.25, AJ has fallen slightly. This could be a temporary retracement or a market reversal, however it is too early to tell because the market is closed at the moment. Price is sitting right on top of a fib level, and a somewhat psychological resistance...

MtxTrader

Above we have price meeting and bearishly reacting to a resistance. I have a sell stop order approximately as shown above. Stop loss is slightly above previous high, Target is slightly above next significant support, or in this case, a zone between the Fibonacci Retracement Level and the support. Even if this position goes against me, my mistake was not...

MtxTrader

For this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup. On the daily chart, price broke through a significant support level, and is now going up to retest it. In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than...

MtxTrader

Price reacted just as predicted, I think I posted an idea on this a couple days ago. Now we can short reliably.

MtxTrader

Many traders have already taken a position on EU, but if you haven't caught on yet, short it. That is my advice. With the strengthening USD (DXY), and price breaking 2015 lows, EURUSD will be plummeting over the next few months

MtxTrader

The chart above is pretty self-explanatory, and it ties in with my previous analysis of XAUUSD on the daily chart. 1. For the first few days of this trading week, the US Dollar will be weak and USDJPY will retrace to the 116.00 area, a level of great importance. 2. From there, the pair will bounce up on a strong bullish candle, at which closing I will buy with...

MtxTrader

With this pair oversold, I think the next logical move is for price to move up to the 1175 area. That area is where 2 of the most significant Fibonacci Retracement levels line up, along with the price action level in white. From there, price will continue to fall, to at least 1122, and then to the mid 1000s

MtxTrader

With the interest rate news last Wednesday, I expect the market to push this pair up to my target of 1.3495. Stop loss is below the next significant support.

MtxTrader

Pretty self-explanatory if you know how to trade, with the strong USD and weakening EUR, short short short.

MtxTrader

I will be placing a market order to buy at around the price shown above. Stop loss and target are reasonable for my strategy. If price does not trigger buy order, I will not be shorting as Yen weakness is evident across all pairs, and one does not simply go against the trade. It's either long or nothing.

MtxTrader

Price is currently heading upwards, will likely touch the resistance TL Then I will short at a bearish confirmation candle (4h), possibly engulfing if it is there when the market opens next week.

MtxTrader

Major resistance at 116 broken, and although it may be late for some traders, I would consider this a solid buy position, with a target of 121.50

MtxTrader Updated 

So here is an XAUUSD update The short position is still holding, and with a strengthening dollar price should hit the target within 6-8 weeks. Happy Shorting

MtxTrader

Update on previous idea, the EN short is still holding, nothing exciting happening yet. A retrace to price action support which overlaps the Fib retracement support may be possible (1.4960 area), but this pair is still short overall.

MtxTrader

Long position on EA, with a risk to reward ratio of about 1:1 Bounce from support, and although this is an overall bearish structure since it is a descending triangle, we can still take advantage of this opportunity

MtxTrader

Typical Symmetrical Triangle setup, with a short term formed support TL and a longer term formed resistance TL. Neutral for now as I am not taking a trade prior to a breakout in either direction, however I am leaning towards a bearish breakout of the support TL due to the strong US Dollar

MtxTrader

Pretty self-explanatory, although the formation is not yet complete by my standards, price is certainly bullish until 60.00, past that to 76, and then maybe eventually to 110.