Simple_Renko

Simple_Renko Updated 

See callout bubbles. We'll need some short-term NZD weakness followed by CAD weakness. With Oil heading into price levels where I believe sellers to be waiting, I think that this could put some drag on the CAD and we could see a nice push up for the Kiwi. Let's jump in at the green-highlighted zone. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. The EUR is looking very strong across the board. For the last few weeks, on higher time frame charts, the price has been just hovering in areas where we could see a little jump in price. Let's hone in on a little level on a smaller time-frame chart and find that spot to jump in early before price really begin to rip upwards... Always measure...

Simple_Renko

See callout bubbles. Today, we dropped into a key area where we should expect some buyers to start coming back into the market. However, the XRP market *can* drop much lower, pushing its extremes. As an XRP holder, I don't not want to see this happen, but I do want to see things objectively and be ready for any possibility. XRP is currently offering a very nice...

Simple_Renko

See callout bubbles. Don't put too much stock in the news! At its best, news is simply a lagging indicator. By its nature, it HAS to be! Prices in a live market move FIRST, and then, and only then, do news outlet report on the price move! This is incredibly important for everyone to understand when trading ANY market! I really hope that this post has been helpful...

Simple_Renko

See callout bubbles. We will need quite a bit of EUR weakness and AUD strength, but when we get this entry, I'm expecting a nice bounce. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. I believe that the CHF is the stronger currency in the pair, so we will look to join the downward movement within the red-highlighted zone. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubblers. Just looking for a simple correction down into the green highlighted zone to join the uptrend. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. We will need to see a little jump in the USDJPY, but if we can get up to the red highlighted area, I believe we could see a pretty strong reaction from sellers of the USDJPY... Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Price is coming into a decent area of demand. Also, this zone lines up well with the 20 EMA on the W chart. If this zone holds, we can assume the EURJPY uptrend will continue. If it breaks, we will consider switching our bias. As added confirmation, sentiment for this pair is on the Short side. I like taking the contrarian approach, so to me,...

Simple_Renko

See callout bubbles. The higher time frame chart is indicating that this pair could be headed higher as long as these two general demand areas hold up. I'm looking to take stabs at both of these levels to engage what I believe is a longer-term uptrend. Yes, Oil is strong, however, it is coming into an area where I am expecting some sellers to come into the market....

Simple_Renko

See callout bubbles. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Keeping it simple. Just looking to join what I believe is a downtrend at it's very beginning... Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. I'm choosing Short because that is the current trend. I want to see price appreciate a little over night to trigger either of the short positions and then ride price down to the demand area below. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. I'm selecting Short as this is the current trend, however, I am anticipating a change in trend when price gets into the bear trap zone below current price. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Just looking to catch a small counter-trend move here. USD is taking a bounce right now, but I'm anticpating a bump in the road at the highlighted price level. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Oil is looking bullish, so the CAD may see some strength. Overall trend for USD is down, so let's see if we can jump in here and ride price down a bit... Always measure your risk and be okay with being wrong ; )