conappleton

conappleton

- Multiple time frame confluence (bullish trend on each time frame in current swing). - Break of pivotal zone and push above. - Currently pushing bearish trend line on the monthly/weekly time frame. If price breaks, closes above and retests this key trend line, I will be looking for long opportunities.

conappleton

Check out this AUDCAD opportunity! Where will we head?

conappleton

Basic Supply and Demand

conappleton

Interesting trade I am looking at for EURAUD. We made a huge dump from the demand turned supply zone, and we have started to recover from one of the previous demand zones. This indicates to me personally that we will see a retest and rejection at this level and then a further dump back down to the demand zone (marked). As always be cautious trading, especially...

conappleton

- Dump down to lower supply zone - Expected rejection at supply zone and pump upwards (multiple previous touches) - Order set at top of supply zone - Stop loss set just below supply zone for breathing room - Target set to demand zone (previous consolidation before the last dump) - Would also be looking to take out a lot of retailers stop losses at 0.70759

conappleton

- Touch of supply zone, expected move upwards to fill the demand zone - Uptrend formed, failing to break below to the next demand zone - Target placed at the demand zone - Stop loss placed below the supply zone.

conappleton

- Push towards lower demand zone - Likely to see a bullish move as previous - Target set to supply zone - Stop loss set below demand zone with breathing room

conappleton Updated 

- Retrace back to most recent supply zone - Expect rebound and another move to the downside - Stop loss set just above the supply zone - Target is fresh demand zone, new lower lows

conappleton

- Dump from supply zone, expected retrace back up and another dump. - 1.75859 has acted as a good support level, increasing the likelihood of price retracing once it closes around this level. - Entry set to bottom of the supply zone, with stop loss just above the supply zone. - Target will be the last lower lows.

conappleton

- Rejection and bounce back of bottom of long term trend - Reacting nicely off 0.786 fib level LOOKING TO BUY IF FOLLOWING CONDITIONS ARE MET; - Close above 0.786 fib - Close above 20 EMA (moving support) EXTRA CONFIRMATION; - Bullish candlestick - RSI pointing up

conappleton

Here's a trade I took yesterday on EA. - Downtrend, with lower highs and lower lows being created. - Nice reaction from 0.786 fib level and then a big bullish confirmation candle to the downside (my entry). - Price made some decent moves to the downside and is currently reacting nicely at 0.618 fib level.

conappleton Updated 

This is an opportunity I missed overnight, this would of been a nice trade to take. Price created a higher low and a kicked in with some bullish momentum, which would of been the best time to enter a position. Unlucky but we move onto the next!

conappleton Updated 

- Potiential new level of support - Creating a higher low - 20 EMA moving close to price (moving support). This will be a pending order depending on how the market wants to move. I won't be entering this trade until I see some bullish confirmation.

conappleton Updated 

- Bullish Hammer on 1H - Rejecting lower demand zone @ 1.31000 - RSI putting upwards - Bounce from 1.0 fib level I don't normally incorporate RSI indicator into my strategy, as I have never found it that reliable. I will be testing it out against results and see if I can make any improvements.

conappleton Updated 

- Key supply area and failing to break - Price is exhausted / long extended wicks - Bearish pressure - Break of 0.786 fib level and close below I'll be placing an order @ 0.618 fib level. If price closes below the 0.786 fib level then I expect a move to the most recent lows.

conappleton Updated 

- Currently in a downtrend, nearing a strong, reliable and longer term demand zone - this suggests a high possibility of a bounce and a move to the upside. - Many indecision candles on the lower time frames, with some heavy bullish momentum. - Currently creating a HIGHER LOW - Price looks exhausted and bullish candlesticks are forming, which indicates to me a...

conappleton Updated 

- Break and clean retest of previous BULLISH trend. - Over extended price after a huge push to the upside. - Fair amount of BEARISH pressure in the last hour.

conappleton Updated 

Scenario 1 - Break of ranging market and continue to the upside. Potential long term target could be 2.00900. Scenario 2 - Continue of a ranging market / consolidation period (DO NOT TRADE THIS). Scenario 3 - Move to the downside and a break of the support level. Potential target would be 1.91270.