SteynTrade

SteynTrade

Looks like the AUDUSD has gone parabolic. I have taken the trade but am not that confident due to the resistance above. Ichimoku_Trader www.tradingview.com showed us yesterday. This results in a small risk reward. So I have taken a small position of two 0.25% risk of account

SteynTrade Updated 

EURGBP gaped up on the open after a high volume spike on Friday. Expect the liquidity gap to close then a retest of the highs some consolidation and then a break down I am waiting for a break of the Tenkan acting as a trendline and TDI to cross down to take the short on the 4h

SteynTrade Updated 

Trading long for the week but upside limited to Kumo on daily time frame

SteynTrade

The market is not only buying EUR but also USD as opposed to JPY The market is a little more uncertain as this is an expanding wedge. Divergence on the TDI High volume spike with lower volume tests and very low demand in between So think we are in accumulation phase.

SteynTrade

The EURUSD is in the cloud on the daily time frame Expect a bounce to mid-line of channel Also Chico could find some resistance crossing the historic price Wait for pull back and then break of cloud to go long Take profit at lower channel around 1.163 Will optimize entry during the week on 4h chart

SteynTrade

We should know around Tuesday or Wednesday if the cloud will hold. Looking for a short on sign of reversal. Some increasing volume and TDI showing up shows caution that the Kumo may not hold. If it breaks wait for retest to go long.

SteynTrade

Some patience is required before the break higher. Possible test of lows. NFP move on low volumes.

SteynTrade

My first post on TradingView. Ichimoku and the use of different time frame market midpoints is a brilliant tool to view the principle of averaging to the mean. The market seems to be accumulating EUR and selling JPY. We have a high volume spike in February and some subsequent low volume retest of lows. The market is reaching the 120 psychological level and there...