Tradesmanship

Tradesmanship Updated 

We broke a major trend line after testing a major support, then after hitting a minor resistance the pair decided to test the the support once again. with that being done, am expecting it to go up from here once...

Tradesmanship Updated 

Price has reached potential reversal zone. Risk loving traders like myself can short here or you can wait for the trend-line to break.

Tradesmanship Updated 

We have reached a small potential reversal zone. shorting Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. Mongers Kit Mongers Kit is complete traders toolbox, with all the data...

Tradesmanship Updated 

We have a long held trend line in NZDCAD. waiting for a breakout. if breakout occurs, you can either wait for a pull back or sell immediately depending on your trading style. Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own...

Tradesmanship Updated 

we shorted this pair earlier from the very top and now we have reached a potential reversal zone. There is a high chance the price momentum to turn bullish for the long-term at this point. We have a great R:R here, so I think its worth giving this trade a shot.

Tradesmanship Updated 

We broke the bullish flag, expecting moves to the upside.

Tradesmanship Updated 

I gave a EURAUD buy signal here earlier which bagged us 210 pips. Since then the pair has pulled back down and consolidated but its slowly turning to a bullish trend in the daily time frame. We have also broke the daily trend line and did a successful pull-back to the line, am expecting upwards movement from here and on but lets see how it goes !

Tradesmanship Updated 

Monthly and Daily - We had a monthly descending triangle which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a bullish flag in formation in the daily frame. Upside is preferred if we break the yellow trend line after another small pull back. However if we go below the blue line, this would be...

Tradesmanship Updated 

Placing SL below 1.05800, Longing it right now.

Tradesmanship Updated 

Earlier we were hoping for a short term short knowing that the general trend is bullish. We took 20 pips in the old trade and we have a new trade setup here. We have a minor channel embedded in a major channel, I have already bought at 1317 . I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely. you can either buy...

Tradesmanship Updated 

Daily - We have a ascending broaden wedge and a broken trend line ( light blue line), I honestly expected nice bullish movements after the broken trend line but that didn't happen due to retracement in USOIL and weakness in DXY due to rate hike delay. The retracement in USOIL is over now and we are heading down once again, also DXY has been forming a very nice...

Tradesmanship Updated 

We have an on going wedge for the past year, I had earlier forecast a downfall in this pair which didn't happen. The downfall is still a possibility, if we break the yellow trend line, am expecting a drop to the bottom of the wedge. We can also head to "No man's land" in which we can hit the top of the wedge and come back down again, or break it and head up, if we...

Tradesmanship Updated 

Daily - We can clearly see a descending broadening wedge, which makes this pair Bullish in long term, however I would like to see this pair hit the bottom of the wedge before it heads up, if we do break the blue trend line, its a safe to say to sell after a small consolidation, if we don't then we shall continue heading up. 4hr - The 4hr time frame also shows a...

Tradesmanship Updated 

Daily - On daily we see an up trend that took place towards the end of 2012 and we had a trend change by the first month of 2016, in other words we had almost 3 years of up trend in USDJPY. USDJPY was able to loss almost about 40% of what it gained in 3 years over 4 months, this is due to uncertainty of the market in the couple of past months with Brexit and...

Tradesmanship Updated 

we have a broken trendline and MACD divergence.

Tradesmanship Updated 

we have a minor and a major channel in daily. if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down. or we break the minor...

Tradesmanship Updated 

we reached our turncoat area, reversed, broke the trend line and pulled back, buying now till 1.58652

Tradesmanship Updated 

We might break the trendline from the looks of it. IF we do, wait for a minor pullback and the buy.