After the previous trade idea was succesful with profit target reached, a large sell off than took place. After a quick yet large move like this occurs often times many traders will be taking short term profits, others will be closing their long positions with losses. Other still will see this as a buying opportunity at a discount. Price has also just bounced...
Sometimes simple just works the best! Not a lot of analysis needed here, if there is a pull back to the green trend line on the short term chart in the next 24 hours or so I would be looking to buy with potential profit around 20 - 50 pips. Protective stop in this case could be red line around 0.76 to keep risk low in case of FAILURE!!
If your order was filled here you then got a triple top followed by dramatic follow through selling. I would take the majority of the quick profits here and then begin to look for other opportunities.
After so much recent buying I see the possibility of a pullback likely before resuming trend.
One of my favorite buy signals on a trending pair is when price retraces enough on the short term to reach the second std deviation. (red line) Third std deviation even better.(orange line) For this to happen price must be moving quickly. A standard deviation is really just jargon for statistical likelihoods in a given timeframe. Of course counterintuitive to...
Disclaimer: My opinions are my own and should only be viewed as such. Thank you Tradingview for letting me express them. If AUDUSD breaks above recent highs and then reaches Fib Extension I think price could travel much higher in coming months. Taking a good trade is often reactive despite what anyone tells you. If this begins to happen it could be...
This pair has trended higher in recent days, and has done well for most of 2016. Possible long entries on short term pullbacks around Fibonacci levels around where I have put golden arrow. After entry stop could be placed around 0.74868 (give or take about 10 pips) if price does not follow though.
If price gets a bit lower and remains overbought on the 15m it may be a good place to pick up a few Pounds... As for holding a pair too tightly if things head south... Loyalty to any direction usually ends up pretty 'low' on the priority list... Meaning i'll jump back on the short side of this thing pretty quickly if buyers don't start showing up to the party.
At some point the buck will start gaining ground again... Trying to get the lowest possible price is normally a fools game but sometimes works, As an alternative one could begin to buy once the market starts to show us buy side interest. OF COURSE a million colorful indicators will tell the precise time to do this! Or just wait till we start to break recent...
Hourly trend going on here. 1 hour Chart suggests this pair would like to travel higher as we keep making higher highs and this recent dip may be a low risk high prob area to buy. Audusd which continues free falling helps support this, as well as a possible eurusd bounce up off major support. But if I am wrong as many time is the case I have stop in place to deal...
More Top picking for funsies... This things got to roll over at some point. If only for the purpose of mean reversion... I won't enter until we at least break 4 Hr Support. We do see selling starting starting to come in but may go sideways for a while. But a healthy correction is what I'm looking for!
Trade idea for usdcad. Pending order short on 15m chart.
Going long at this point with a small position riding the news. I think there could be some momentum though this space due to stops... I think a larger correction is taking place moving price higher for the time being before overall $$ strength continues.