Tradeciety

Tradeciety

The S&P made a new all-time high but Gold is showing us an inverse Head and Shoulders pattern, indicating more potential upside pressure. 1240 is the level bulls have to watch since the resistance could easily turn into a place for sellers to get interested again. The AUDNZD is following and showing a very similar pattern to the one on Gold.

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Price moves in waves and the GBPUSD -0.08% shows that nicely. Always wait for the last low to break to get the confirmation and don't try to get in early before the low is broken or you risk running into a reversal. Always go WITH momentum. The move lower also coincides with a classic Fib target extension.

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If you just learn one trading pattern, it must be the head and shoulders . I think there is really no other pattern that provides such a high probability opportunity. It appears on all markets and on all timeframes. In combination with a good neckline trendline , that's all you need.

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Dozens of people messaged me about the NZDUSD and when it's finally going to sell off!? My answer: I don't know and I don't care. As long as price keeps moving higher and is not able to make a new low, there is no reason whatsoever to short this. Of course, with all the rejections at the top, it does look tempting but I am 100% certain that many people lost A...

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As a swing trader, patience is your greatest asset - you need patience when mapping out a trade - patience waiting for the right setup - patience when you're in a trade - patience when it comes to taking profits I have been following the TL setup for days and it's still not giving up. Most people will short on the way up and realize so many losses that once the...

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The NZDCAD is approaching an important area where the trendline and the previous support/resistance meet. We are already seeing some strong selling momentum but as long as price keeps trading above the trendline, there is NO reason to short this. Once the trendline is broken, the short momentum could accelerate and lead to a new trend. It's just early Monday...

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I have been waiting weeks for this to happen and pointed this out to our pro members during this week's Sunday watchlist and yesterday in the forum. Retests often happen after strong breakouts. Price does not move in one single line so give it time to work out. The current momentum clearly indicates a shift in buyer-seller balance but price does move in waves and...

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Doesn't get simpler than this week's EUR/NZD short. It has all the things we need: fading momentum, an over-extended trend, a strong momentum move and a retest. Lots of pro members are in this already and we're up a lot. No need to make trading complicated... >> Create rules, stay patient and only wait for those A++ setups :) That's what we do day in and day out

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The EURCAD is a prime example for how hard trading can be or for how hard traders make their own lifes'. I have been stalking this pair for a long time and there has never been a real signal to short. The uptrend-structure is beautiful above the 20 SMA. I have received many emails and messages where people shorted way too early without confirmation just because...

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The pattern we see on Crude 4H right now is very close to a textbook H&S. The signal happened a little ahead of the 54 resistance but the overall chart context looks promising. A break below the neckline would seal the deal here. If the neckline holds, sellers have no right to be in this trade.

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Are we seeing the momentum that we have been waiting for for so many days? 1.012 is the last support level that needs to be broken but recent momentum suggests that more bearishness is likely. We have seen one lower high (no lower low yet) and more bearishness than in the past few months. At the same time, this is becoming a crowded trade and many traders are...

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Right now, AUDCAD is trading in a no-trade zone which means that price is in a transition phase where the next phase is unknown. A bounce off the 1.015 could lead to another run into the highs. A break lower, however, could trigger a short trade here. Gold has already led the way lower but AUDCAD still managed to hold up here which is also something that means...

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Great example of why waiting for the momentum is so important. Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell. Price has bounces multiple times here. Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more...

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I had an early short on the break of the 20 SMA. Then closed it ahead of FOMC and now I am waiting for a new opportunity on the break of the trendline (how to draw trendlines: www.youtube.com) Very technical behavior here and the sup/res levels are tested and retested nicely. This is a common pattern you will learn to trade in our course - one of five....

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It looks like NZD/JPY has put in a downtrend pattern now with lower lows and lower highs; previous sup/res areas get retested on the way down. Now all we need is a stronger momentum break lower to re-confirm the next downward-leg in the trend. Until then, just stay patient :)

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Whatever you call them, "flipzones" are must-have levels on your charts. They show current highs and lows which go from being support to becoming resistance on the break. They are generally more short-term than conventional support and resistance but during rallies and reversals they act as great helpers and price barriers. Trading flipzones requires...

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Despite the planned rate hike on Wednesday the USD is showing increasing weakness. The 20 SMA on the daily broke and price is challenging the local trendline. The FED rate hike would generally be considered bullish for the USD, although a lot will be priced in by now. Shorting the USD against the macro situation seems to be a high-risk trade if held throughout...

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The EURO had a good rally last week but this week, price put in a retracement. We have a classic 2-wave trend into a 161 Fibonacci extension/ It's too early to short just jet as price is retesting the 1.405 area but a break below that could lead to more selling.