Price have broken out of the previous attempt of a measured move trade. Next trade setup i am aiming for is another measured move, this time to the downside. Trade entry will be @ 0.6848 - This is a duplicate of last leg up in the KIWI. Target is a duplicate of last leg down in this pair, bringing the target down at previous Daily support level. Stoploss is...
NzdUsd measured move setup. Kiwi tends to repeat itself, lately moves up have been UP: 290 pips - Down: 195 pips. A summary of the thesis behind this idea is that i expect price to repeat itself again, if price dont play out i will have 1% less in my account going forward. Boxes in the charrt represent up and down moves. Order out @0,6840 SL: 0,6790 TP:0,7110
ACB Weekly chart. Price have probed below 2020 lows. No sellers present below that level. Good risk vs reward setup. Some volume coming in as shorts covered. I got a order out for 4,05$
The pair has showed rejection at a daily resistance point from the high created in late January of 2018. Daily chart has tried to break above and has failed, showing signs of a pending correction to the downside. Showing 2 potential trade outcomes on where i look to take profit, if the idea follows trough to the downside.
The pair has traded sideways in a range between 3.9 and 3.4 since January 2017. Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things. Price have now traded above the january highs and rejected 8 daily sessions in a row. The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these...
UsdJpy has been declining for some time. Price has now tagged an area of key support at 108.13, i am expecting a bounce from this level (108.14) But price could go for a extended move down and touch the potential trendline just below the 108 big figure. We also got some harmonic/measured movement, since the last down and up legs have been the same in pip amount...
CadCHf has had a extended rally over the last few weeks. Price has taken out stops above 0.7620. Looking for price to move down to 0.7410 for my target 1. Target 2 is still open. Tradeplan: Take 75% of my position off at target 1.
Price was rejected at the weekly resistance at 0.7550 area. Price has now formed a swing high, looking for a retracement into 0.7492 area before going short, aiming for the 0.7240 area. 1:3 Risk vs reward setup.
The pair is continuing to stairstep its way up. The moves up and down are now equal in lenght both up and down. Looking to get long at 0.6852 with a 50pip stoploss. Going for a full lenght move once more, with target at 0.7150 Very nice risk to reward ratio (1 : 5.8 RvR)
NzdUsd has been in a uptrend since late september of 2015. Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down. So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands. Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045 1 : 3.45 RvR
Silver confirms a new trendline. Price just confirmed a trendline ( 3 touches confirms a trendline ) Nice long wick on decent volume, and i am selling short, targeting the lower parallel projection.
The pair has been trading inside of a rising channel since June 2015. Price is now showing weaknes after exiting the channel. Price is showing more and more signs of selling pressure at this point. First target is the 8.05 mark, that area has alot of price history. Stops above the monthly pivot at 8.61 area.
Nice and clear bearish channel on FTSE. A sellstop below the 4H low present a nice risk reward opportunity. SL: 6064 Target: Lower trendline or 5500.
Good risk reward opportunity coming up in gold. Price broke a weekly trendline. Looking to go long on the retest of the structure level (grey box) We also got the trendline and the round 1200 number to help us on this trade. I will not attempt to fade this rally on gold. Limit long: 1202 SL: 1177 Target 1: 1248 Target 2 (optional): 1299
The german index has had a full channel move over the last few days. Indicators are showing some bearish momentum. Going short on a break of 9350 with a stoploss above the daily high, will produce a very nice risk reward opportunity. Target down at the lower trendline at the 8500 area.
Bat pattern visible. D leg completion @ 9328 I am hiding my stoploss 1 ATR below the X leg, that gets me below the 9200 round number for further protection. Target 1: 38.2% of CD Target 2: 61.8% of CD 1 / 1.46 RvR to target 1.
As the title describes. Price got a bullish AB=CD pattern completion. We got a nice demand area and trendline support. Non Farm Payroll coming out today, so this is my toughts. Holding a few long dollar positions going into the report based on this analysis.
Bullish gartley visible. D leg completion at 0.9828 SL: 0.9803 T1: 0.9864 T2: 0.9886