I was stopped out on this sell idea. Price printed a double top on hour 4 and I did trade it small, but i used a tight stop loss. In a way.... i guess that was a good thing.
Im looking to sell this again and I have not entered the sell yet, but im looking to enter it soon.
This is a downtrend and im expecting a new low here.
This is why im looking to sell.
Well if you have been following me on this one...
Im trying to hold to 145.000....
Im in profit and a move up happened....
Im still holding the sell..... and I believe that price will continue to fall. It may not fall until london, may move up all night and fall during new york.... but the long term direction in my opinion is still down because of the chart...
I posted this idea last week and it seems frozen!!!
Im trading small and im being patient waiting for a move to happen.
Why am I posting a buy idea here? Because it seems that price has found support at 1.04000 and has been hanging above this area for a while now.
So this is still a valid trade idea!
This can go down from here and has not moved much at all since i posted this idea. This is why patience is required in trading. Im still holding my trade and im hoping that it will move down soon.
I posted this sell idea because price made a higher low in the downtrend and now im expecting a lower low.
This is a update I posted to Eur/Chf..
See previous analysis for the final tp im trying to get to in my trade plan.
If you followed this yesterday, it really moved nicely until now. If you did not trade it, you already missed the move if your trading the 1hr and 4hr chart. You have not missed the move if your trading the daily chart but you need to enter on...
Im hokding this pair from last week and will link u to the idea below. If you have not entered and are considering to add a new position, the pullback is probably over and you could most likely buy now.
I'm gonna sell this from here.
I swore not to trade gold for awhile but I see a big opportunity here and a 4 hour chart pattern.
Head and Shoulders 4 hour chart pattern
See my previous analysis!
Wish me luck!
To me , gold looks like it is forming a head and shoulders correction pattern on the 4 hour time frame! I am not going to trade this....
This is just a simple analysis!
The big move usually comes after a correction like this.
If you wanna know more about how to trade a head and shoulders pattern, there are lots of free information online that can teach you the...
This pair is in a uptrend.
Price made a higher low.
Now I expect price to make either a double top chart pattern or a double bottom chart pattern.
You could also see the current price area as being at a level of support depending on how you like to look at the charts.
And I'm expecting a pullback from this area.
This trade idea will be based on the phenomenon known as support and resistance trading.
I am watching this trade currently and I will possibly add just 1 small position to scalp the pullback and then wait for the big fall later! The take profit area for me will be open... Because it's buying in a downtrend , but the...
CadJpy is in a downtrend and moved up a little higher than expected but a new wave down is expected now!!!
So I'm expecting a lower low and my TCP is the trend line at the bottom!!!! I have another take profit area below this. This is a swing trade idea that will take a few weeks to complete! If you trade it , you gotta be patient!
This pair moved higher and that's okay.
I expected that with oil!!!
So now I'm holding my positions and they will take profit.
The trend is a down trend. Price made a Lower High and now I'm expecting Price to make a lower low.
This is a swing trade position that will last many days.