Saoldric

Saoldric

A case could be made for either direction. I think the best action to take would be to wait for either a break up past the upper trend line or a cross down through the MA's waiting for a trend to develop in the downwards direction in order to minimize risk. If we get a continued move up, ill be targeting the 2131.6 area.

Saoldric

I see 3 indications that we maybe at a bottom for now. Purple line shows a double bottom and signaling an upmove with also coincides with a larger double bottom, which may take us up to the top range of the expanding triangle.

Saoldric

looks like we have a double bottom with a respect to the 200 MA. I will be aiming for just under the 143 area. This could be a buying opportunity for a longer term trade than what im posting. I still have a feeling that we need to move down a little bit more before the continuation up, but only time will tell.

Saoldric

I rarely use anything less than the 15 minute. But since we have a really volatile market at the moment we can take some pips but you have to be fast. I currently have a short from 143.2 and im looking for price to hit somewhere between 143 and 142.84. Im going to be trading the breakout of the triangle for about 35 pips in the breakout direction. Chances...

Saoldric

this chart contains information for short term traders and longer term, be careful to not over leverage and trade safe. Bullish -The trend is up, no doubt about it, -not really seeing a buying opportunity other than a potential breakout of the triangle. -we do still have an incomplete channel breakout, its initial target is 144.37 which is still open and that...

Saoldric

if history repeats itself, and it usually does.... im waiting for a setup on the lower time frames to enter the trade. looking for a minimum of 400 pips on this one, going to to targeting the green channel marker.

Saoldric

gbpusd failed to make a higher swing high. lets try for a lower low.

Saoldric

the price is currently at the top of a channel line and bouncing against the MA's on the 4H. Looks like a good R:R scenerio to me....

Saoldric

great entry, looking for an extension down to 1.272 - 1.618 area's..... the last 2 retracements we had both extended down to the 1.272 mark. Im looking around 1.58 level because its real close to the .618 fibb level of the major run up we had at the start of the year. ive been adding heavily on each retracement in gbpusd, GL and green pips to all.

Saoldric

MACD rolling over, top of the channel, simple trade.

Saoldric

entered a short at the end of last week, we have a double top forming and this is the SL and TP i used.

Saoldric

waiting on a breakout of the current range. The TP isnt set in stone because of the great positive swap.

Saoldric

18 to1 R/R on this trade. trend is down on the daily at the moment and heading below important support levels. ignore the note on the weekly its an old one.

Saoldric

we had a pull back to .382 and it looks like we should get an extension down into 1.6 - 1.58 as a minimum move. the only thing that concerns me abit is the MACD looks like its rolling over so im using a tight stop, but you know what they say.... The trend is your friend" till its not, anyways...

Saoldric

simple trade. I already have one position open from 1.220 but it missed its tp by a few pips. on a side note, if price continues down past my TP we have a good chance of forming a double top on the daily and could have quite a bit more room to the downside.

Saoldric

The orange zone is a good area to sell and the green is a good area to buy. There is alot of support and resistance in these areas and a reaction is expected. Now, it is a bit early to go heavy, so some small scout positions would probably be a good idea. Im waiting to see what reaction this up and coming green zone will have, but im hoping to see maybe some...

Saoldric

last trade was blown out by volatility....trying again, scaling in with a SL above the upper trend line of the triangle and then targeting the 1.103 area of the previous trade idea, .382 retracement zone. afterwards looking for a potential breakout trade to the upside depending if this triangle holds true.

Saoldric

broke through the MA's so trading in the direction that price is leading the lines. We have an unfinished divergence on the daily and the .382 looks like a nice target, might scout some longs at that level to prep for a potential extension upwards.