danmo68

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About me I am very excited to be learning the forex market. I will probably publish some bad ideas at first but bear with me.. I will get better!
Joined United States, Colorado
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 40% | 2 NZDUSD 20% | 1 AUDUSD 20% | 1 USDJPY 20% | 1
danmo68 danmo68 EURUSD, 60, Short ,
EURUSD: Ichimoku Sell setup
39 0 0
EURUSD, 60 Short
Ichimoku Sell setup

All ichimoku signals point to bearish movement but the only thing that is concerning to me is the lack of momentum. The cloud is smaller then I would like. I am placing a sell stop @ 1.0975 to ensure downward movement. #Ichimokuforever

danmo68 danmo68 USDJPY, 60, Short ,
USDJPY: Moolah Pattern (Double Top)
43 0 4
USDJPY, 60 Short
Moolah Pattern (Double Top)

A nice right slanted double top pattern has printed. If it breaks the bottom trend line then that will serve as your confirmation.

danmo68 danmo68 EURUSD, 60, Long ,
EURUSD: Trading the retracement
47 0 0
EURUSD, 60 Long
Trading the retracement

EURUSD has been in a slight down trend fueled slightly by last weeks NFP data. If the down trend is correct then price should touch S2 then retrace back up to this weeks pivot point. The DXY has been showing some positive growth this week thus far. If i am correct then there is an opportunity for around 85 pips. A buy trade should be initiated after ...

danmo68 danmo68 NZDUSD, 240, Short ,
NZDUSD: Last Kiss set-up in the works.
121 2 5
NZDUSD, 240 Short
Last Kiss set-up in the works.

For those who are not familiar with this pattern it is a breakout pattern that attempts to filter out some of the "fake-outs". In this pattern price will break through our support in this case and will come back up to touch it as resistance one more time and then continue downward. If this set up completes, I would have your short positions at the ready!!

danmo68 danmo68 AUDUSD, D, Short ,
AUDUSD: Ascending Triangle Breakout?
82 0 2
AUDUSD, D Short
Ascending Triangle Breakout?

Couldn't help but notice this triangle set-up. Wondering if a breakout looms. My guess it will breakout to the bottom, considering the fed rate hike as well.

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