Trader2502

Trader2502 Updated 

Directional bias on daily and weekly time frame Monthly time frame has broken out above monthly down trend line NZD is a strength story - CHF is a weakness story

Trader2502 Updated 

Both CADJPY and USOIL have daily and weekly time frame directional bias. Exercise caution due to weekly resistance, which has already been tapped once, entry on a break of resistance and retest would be a better entry. I will likely enter on CADJPY and not USOIL, but set up is valid on both Weekly resistance on USOIL could give the entry on the daily time...

Trader2502 Updated 

Daily directional bias is good, the wave is smooth, established and respected. Single time frame DB and crude at resistance makes this a higher risk trade, would take a smaller entry. Weekly has no wave directional bias Monthly the trend has been up, however the wave is not smooth established or respected - I like a short with a target at the monthly uptrend...

Trader2502 Updated 

Multiple time frame direction bias on Daily, weekly and monthly I missed the initial entry on this position, it's already occurred, could get another entry Monthly chart has confluence of Trend line and 200 simple moving average a close below both of these opens up further bearish momentum. Euro would need to see a turn around in the narrative regarding...

Trader2502 Updated 

Multiple time frame direction bias on Daily, weekly - I missed the initial entry on this position, it's already occurred, could get another entry Euro would need to see a turn around in the narrative regarding their vaccine roll out for this trade to tank

Trader2502

Direction bias on daily and weekly time frame, will be taking a regular size position on this trade when it triggers Driver is CAD on crude strength, a correction in crude or some USD strength may trigger an entry on this pair I have already had several profitable trades from 1.2700 level

Trader2502

Bearish directional bias on daily only, make this a higher risk set up due to lack of multiple time frame directional bias, so this won't be full position size. Weekly - fresh bearish DB Monthly -Break and close below monthly trend line would signal more bearish momentum Current driver is euro weakness on vaccination program in Europe falling short compared to...

Trader2502

AUDUSD has pulled back to the daily trend line, bulls are in control until this trend line breaks. Will the Uptrend continue or will we see a break?? Support at the daily trend line is a key decision area for the pair going forward. The uptrend has been driven by positive corona virus news from Australia, Australian economy is not as bad as US and Europe,. US...

Trader2502

Struggling to use trading view on iPad so excuse me. Missed the initial daily trend line break on this pair, didn’t have it set up = discipline issue. NZD strength was driver behind the daily trend line break on positive sentiment around virus. Risk is on, Dow is strong and risk currencies are going for a run. Resisting the impulse to jump straight into this...

Trader2502

Counter trend trade, take extra caution FOMC minutes, FED speakers this week will influence USD direction, watch for these events. Note: Even though there is a trend line break there is no KD indicator.

Trader2502

Entry - On break of daily trend line + knoxville divergence on daily + double bottom formation Profit Target - at 34EMA wave Stop Loss - on break of recent low

Trader2502

2 SET UPS HERE ON AUDCHF 1. LONG AUDCHF - buy on break of downtrend line, daily chart is also showing Knoxville Divergence on my MT4 chart (I don't have the indicator on trading view) The idea behind this trade is to jump on the existing AUD momentum. Overall I am bearish on AUD and plan to sell at the 34EMA wave. This is where I will take profits on the...

Trader2502

I plan to fade the strength seen on the back of the jump in AUD on hopes of trade war progressing. The likely driver for the upward momentum in the AUD, is coming off the back of new lows, not since since the January flash crash, triggered by a Trump tweet saying he had "a very good converstation" with Xie, on the matter of trade. How long can this counter...

Trader2502

AUD pops after new low at 0.6834 on news of Trump & Xie will meet. Any news that is positive regarding trade war will support AUD. Break of down trend line on H4 gives buy signal. Take profit at horizontal resistance level area 0.6900 - from this level I will look to execute a sell trade on an oversold stochastic.

Trader2502

ENTRY AT 0.6850 ON 20SMA I like this key level which is also resistance for entry. If price is not able to break this level then the previous low is likely to be retested. This is a high probability trade as the narrative for AUD is bearish , sellers have momentum after the RBA minutes today. For this trade to work out price only has to go where it has gone...

Trader2502

AUDUSD 1 HR SHORT ENTRY AT 0.6880 ON THE 20SMA. I like this for an entry as 0.6880 is a key level, if price is unable to break this level, the previous low at 0.68613 is likely to be retested. This is a high probability trade as the narrative for AUD is bearish, sellers have momentum. For this trade to work out price only has to go where it has gone...