Simple_Renko

Simple_Renko

See callout bubbles. Higher time frame charts are suggesting that Long is the path of least resistance. We're looking to buy at the bottom of the price range, expecting buyers to be holding up the green highlighted area. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. The NZD is very strong right now against most pairs, so I don't think that the short opportunity is as likely. However, we have a nice area where we can look to buy when price returns to the level. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. It might take a while for this trade to trigger. I'm currently Short EURNZD, so I would love for price to get down here. EUR event risk may speed things up a bit, plus the EUR overall is looking on the weaker side. I believe that buyers are in the highlighted area based upon the strong move away from the area and the location that it is in on...

Simple_Renko Updated 

See callout bubbles. With EURUSD event risk, we have two possible areas that we can find buyers and/or sellers. Why not see if we can play both? If price correct up to Sellers zone, go Short. If price drops into Buyers area, go Long. I want to see EUR event risk shake up this pair and take action accordingly ; ) Always measure your risk and be okay with being...

Simple_Renko Updated 

See callout bubbles. Take your pick. Jump into the current uptrend, or wait to go Short up ahead? I'm calling this Long only because the current price trend is leaning that way, but here are two setups to play either way. The area with sellers lines up nicely with higher time frame selling zones. The area with buyers is going with the current trend. Always...

Simple_Renko Updated 

See callout bubbles. The NZD is strong right now, but here are two areas where we might find some weakness. Ultimately, I would like to just grab a small counter-move that might allow for Long entries lower to get triggered.

Simple_Renko Updated 

See callout bubbles. Because price couldn't push up through 114, I'm saying that the Sellers have the upper-hand in the USDJPY market right now. We need a retest of the area highlighted in red in order to have our entry, but if we can get there, I think we'll turn around and head much, much lower. Outlook for USD is very dovish, so we should expect a weak...

Simple_Renko Updated 

See callout bubbles. If you're a little aggressive, here might be a good spot to join the NZD on its way up. I am currently short from the area highlighted in red. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. Overall, LTC bears are just taking their turn at running the show for a bit. However, as you'll see, they are making a big mistake by selling their LTC into an area where LTC is in demand. Don't follow the crowd! When you see red, think green is right around the corner. Price is right now coming right into our demand (buying level), so let's...

Simple_Renko Updated 

See callout bubbles. We do need a little bit of a pop in the EUR to get our entry, but if the red highlighted area holds, I think it holds a lot of potential. It will also help to see Oil find a little bit strength to bring some fire into the CAD. Overall, I like the EURCAD short. Let's see if the market will jump up and give us our opportunity. Always measure...

Simple_Renko Updated 

See callout bubbles. The SGD likes to move in tandem with the USD, so if we're thinking long AUDUSD, we might as well be thinking long AUDSGD. Here is a nice place to possibly join the uptrend. I believe that this one has a lot of potential going for it, so let's hang in there and get that second target! Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. An argument can be made for the longer-term trend being up. Looking at the M chart, AUDCAD pierced the 100EMA, but is holding steadily above it. Another thing that we have going for us is the recent weakness in Oil which is moving sideways to down. I'm looking to possibly join the longer-term trend in the green highlighted area. There was a...

Simple_Renko Updated 

See callout bubbles. I can't trade COPPER, but I still enjoy doing analysis on it. It looks like the market might be offering a nice Short opportunity. Check it out and let me know what you think! Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. Earlier in the week, I posted an idea with a possible NZDUSD setup, but since then a new area of demand for the NZD has formed. We'll need a good selloff with the NZD and/or maybe a little unexpected USD strength, but let's plan to get long in the green highlighted area and ride up to the sellers above. Always measure your risk and be okay...

Simple_Renko Updated 

See callout bubbles. All in all, don't sell your LTC if you are currently holding. We're looking good so far. We'll see what tomorrow brings ; ) Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Sentiment for the AUD seems to be shifting a bit. This week, price pushed through an area where sellers could have been expected, but the didn't show up to the party... We will need some AUD weakness and/or USD strength to meet our entry, but I want to see the green highlighted area hold and get a bounce heading higher to the nearest area...

Simple_Renko

See callout bubbles. I usually don't do much with the Exotics, but there is a nice little setup playing out on the AUDSGD pair. Let's go short within the highlighted area and look to take profit at 2:1 risk/reward with a second flexible target further below. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. This one's pretty easy. Just hang in there. This one's on a tear... Always measure your risk and be okay with being wrong ; )