The808Trader

The808Trader

The Aussie gained a little bit of strength last week, pushing up and out of the kumo. I am looking for a drawback for a chance to get into a bullish trend trade. My ideal entry is at a drawback to price structure support as I've drawn out with a good support candle forming. If that opportunity presents itself I will buy and aim for the major price structure...

The808Trader

This pair consolidated for a couple weeks before finally getting a big push up. I am now looking to see if we can establish a longer term bullish trend as I look for chances to get long. My ideal entry is a drawback to tenkan sen and price structure support for a chance to buy. I've drawn out a couple of targets on the way to the major price structure target...

The808Trader

This pair had a solid kumo breakout last week and I am looking to hop on what could potentially be a longer term trend move. I am looking for a slight drawback to support for a springboard up and my entry point. I am targeting the major price structure level I've labeled as well as another past level as my overall target. As long as this trend holds I will...

The808Trader

The kiwi has started to fight back a little here and is now attempted a kumo breakout. We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen. I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance. I've drawn out several partial take profit...

The808Trader

Price has slowly been trending toward and we've stalled out a bit here. We can see kijun sen has gotten a bit flat, but I am looking for a break of price structure to get into a short trade. I've also drawn out some important levels to aim for a long the way to our price structure target. That test and close below our entry level is what will help me decide...

The808Trader

We failed to get our rejection back down last week so I am looking to see if we can break up and through price structure and the kumo to test previous price structure resistance. It's worth noting that this break should signify a break of kijun sen resistance on the daily chart as well. If we fail to get this move up started then I'll zoom out to the daily and...

The808Trader Updated 

This is a pretty simple setup. We've been stuck in this range for a little while now but look like we'll be trying to test previous price structure resistance soon. I'm looking for a drop to tenkan sen and support to hold for a decent long entry. We're also close to a bullish kumo twist which would help give us a little more confirmation that we will be...

The808Trader

We had a bearish breakout with this pair last week and I'm presenting two different ways to look to hop into this trade to get into the bearish trend. I would prefer to see a drawback and rejection which is how I've setup this trade up. A good rejection at the entry level I've drawn would give me a clear signal to enter. That is going to give us the best...

The808Trader

We had a big move down last week and have stalled out a bit, but are maintaining bearish signs for now. I am looking for a drawback to kijun sen or even price structure near our stop loss to look for a chance to sell. That will look like a clear rejection at kijun sen, or a move up and through, then waiting for price to come back down to validate this setup as...

The808Trader Updated 

This is one of my favorite types of setups. We've had a kumo breakout and broken a major price structure level. Typically when this happens we get a re-test of that level before falling further. That's exactly what we're looking for here. I want to see a drawback and rejection at that level with a bearish trend continuation move. If we don't get the move...

The808Trader

We've been on a nice bullish run with this pair and I am looking for that run to continue. I would like to see a drop to previous price structure support that I've dawn out to try and get a long entry. My overall target is at price structure highs but we do have our normal partial take profit levels I draw out to aim for along the way. If we fail to drop and...

The808Trader

This pair has stalled out a little bit but zooming into the 1 hour chart we see some strong support sitting a little below our current price. If we can break that level then I'll look to get short. You'll notice some wicks around that level that I'm also watching to get broken. I've drawn out some partial profit targets on the way to my longer term target to...

The808Trader

This is setting up to a week of drawback and trend continuation setups! We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy. If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out. I am aiming for price structure highs as...

The808Trader

We have a kumo breakout here with USD/CAD and I'm looking for a chance to hop into a bullish trend. We've gotten a little bit away from tenkan sen here which leads me to believe we'll probably get a drawback to the kumo or tenkan sen soon. I am looking for that drawback and support to hold for a chance to get back long. With the news of the Drone attacks on...

The808Trader

This is one of my favorite types of setups! We had a strong break above some major price structure resistance. When this happens we typically get a drawback to that major level to test it as support. That is what I'm looking for with this setup is a drawback and price action to show support for a chance to get long. I've drawn out my major target as well as...

The808Trader

Similar to our previous AUD and NZD trades, I think we have a decent swing trade opportunity on our hands here. If we look left of price we see some major price structure support and resistance. We've already had a nice bullish from since the kumo breakout, but the test of this level at our entry will be a major cue if we'll be able to continue this run or not. ...

The808Trader

While sitting bullish overall on the 4 hour, we've closed below tekan sen and the daily remains largely bearish. When we look at the 4 hour here we see a flat kijun sen, that combined with the close below tenkan sen leads me to believe we're due for a drawback as the market seeks to balance back out. We do have the on-going Brexit situation to be aware of...

The808Trader

For this setup we're going to zoom out to the daily chart. We've had some good indecision and wick rejection candles. I am looking for a break of the previous candles low wick to enter my short. This is also combined with a look at the fundamentals of the EU as interest rates sit flat and not a lot of growth prospects. If this move doesn't play out right...