Technician

Technician

The price has completed an inverse head and shoulders pattern today. A decisive break of the neckline suggesting a bottom could be in place. Interestingly, the price is retesting the neckline of prior head and shoulders top that completed in late April. That area also includes the 200-days simple moving average, among 0.7480-0.7500. This area could form a...

Technician Updated 

I placed a pending short limit slightly above market. Pending Short at : 113.38 --- T1: 112:77 ---- T2: 111.83 --- SL: 113.81 This trade is based on my earlier idea i published yesterday. Check idea in related links below. For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is...

Technician Updated 

Bought at : 1.7725 --- T1: 1.7874---- T2: 1.8225 --- SL: 1.7625 --- Risk of capital : The price has been consolidating above the 200 days SMA for a while. Holding above 1.6790-1.7700 broken resistance turned support. If earlier breakout above 200 days average and 1.7700 level is a new uptrend, the trade will have some good potential. For more details about...

Technician

Left chart is the weekly of EURGBP. It is clear that the price is testing a prior key swing high and has been a major resistance level around 0.8850. While fisher indicators is overbought on the weekly, the recent rally has tentatively broken that resistance, but retreating back as we approach the end of the week. This could be signal that the week might close...

Technician Updated 

Bought at : 1.5738 --- T1: 1.5920 ---- T2: 1.6156 --- SL: 1.5634 --- Risk of capital : 2% Daily Trend is up 50 days simple moving average break Horizontal resistance at 1.5715 break Ascending triangle continuation pattern For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading...

Technician Updated 

A clear bubble bursting. Technically and fundamentally. Parabolic rise in price that has no significant fundamental trigger. It will leave many behind mourning. We might see(if stuck longs are lucky) another small push to the upside, then a new collapse. The big boys has made millions and left many behind. A rise that is initially not supported or backed by any...

Technician Updated 

In addition to the AUDNZD pair, this is another pair that i am watching closely for a final short signal on the lower time frames. A good rejection of key horizontal resistance. Fisher indicator is deep in overbought area. 103.68-103.50 may act as a near term support for now, and could push for another attempt higher, where if new rejection is seen i will be...

Technician

Regardless of any short term reaction for the USDCAD following today's bank of canada rate decision. Some serious technical damage has been done to the pair. Suggesting we may have established a new bear trend and may extend over the coming months. 1.30 was a key horizontal structural low and support zone. We have been trading below that support for two weeks...

Technician Updated 

Heads Up mates, this pair has completed multiple bullish technical signals. The price has been consolidating in a sideways range for the past multiple weeks The consolidations was around multiple long term rising trend line clear on the weekly charts. The consolidation was in the shape of an inverse head and shoulders bottoming pattern Today's giant...

Technician Updated 

Risk of capital : 2% Action: Sell at 1.2954 T1: 1.2850 ---- S.L: 1.3012 Short term double top near the key longer term horizontal resistance. Daily Hanging Man candle low was broken For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to...

Technician

Watching few pairs closely next week for potential trades, one of them is the AUDUSD as the price forms a bearish three drives pattern(symmetrical waves). The potential reversal zone of the three drives is also near the main long term falling trend line. Slightly above that there is a cluster of horizontal resistance area. Finally, there is a clear bearish...

Technician Updated 

Risk of capital : 2% Action: Sell at 0.7374 T1: 0.7323 ---- T2: 0.7268 ------ S.L: 0.7412 For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a...

Technician Updated 

Risk of capital : 1% Action: Buy at 1.6927 T: 1.7075 ------ S.L: 1.6862 For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single...

Technician Updated 

10-Year bond has been outperforming shorter term 2-year note for the past few months(precisely since march 13). The candlestick graph represent the 10-year bonds/2-year notes Bond price are the inverse of yield. So As the bonds rises, yields fall. So, the recent outperformance of 10-year bonds suggests that longer term interest rates are outperforming shorter...

Technician

I haven't taken this trade yet, i am waiting for a better price. However, i thought i would share the idea if you are interested. Looks like we might see a bounce higher in the near term. First target at 200 days simple average. Second at 1.3385 area. If we break the latest swing low the setup will be invalid. (By break i mean close). Best Technician

Technician Updated 

Action: Sell at 110.22 T1: 109.23 T2: 1108.18 S.L: 110.83 This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade....

Technician Updated 

Action: Buy limit at 0.9660 T1: 0.9749 ------ S.L: 0.9615 If we reach above 0.9710 before triggering entry the trade will be cancelled. Unless I stat otherwise in updates. This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not...

Technician Updated 

Action: Buy Limit at 45.50 T1: 46.70 T2: 48.09 S.L: 44.65 This Trade will have Risk of capital of 1.5% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And...