Shorted EURUSD as the market broke down from recent higher areas. H1 timeframe also showed lower lows. Breakdown on the 15 minute provided entry. Unfortunately, market chopped in a range all day after my entry. I took heat all day.
Could be a possible flag pattern trade here. A bit of consolidation/retrace in a down move. However, we are so close to a support area on the H4 timeframe; I don't think this offers decent risk reward. I'd have to see it clear below that support before considering a trade.
UC could be ranging a bit during this move down. Trying a short here as it enables a stop loss outside this range. Minimal risk
Small trade. Following the trend. The M15 broke out and retested the battle line.
Strong move up. Now in consolidation. Represents an opportunity for a breakout type of play. Target prior resistance and even number 1.29 Risk below the consolidation zone.
Look for a chance to follow the up-move with as small a risk as possible. Wait for confirmation of breakout and put a stop below recent support.
Same pattern as last night. Possibly breakout upwards to continue the trend
USDCAD currently in an area where there is a decent risk reward opportunity to follow the shorter timeframe trend of higher highs. Market entered a consolidation area, could long at support and look for breakout to previous structure
EURUSD has had a strong run. Even so, with a breakout here could look for further LONGs with a minimal risk below the recent support. Flag pattern formed.
Strong move down recently. A bit of a triangle forming. If a break-down occurs, could look for a way to target 1.1660 area with defined risk above the triangle
Breakdown of the flag in the downtrend provided an opportunity to short with a defined risk.
At the top of a channel. Near the ABCD completion Lower highs on the M15 Not a bad spot to go short Main concern is a higher timeframe flag in a bullish trend
Gold on the hourly time frame broke through the trendline. On the 15minute chart it got past resistance and retraced to the area of structure. It's not a bad area for a LONG. Can put stops below 1278 and risk under $2
There is an interesting area coming up. Previous resistance (and further back support turned possible resistance). Wider time frames show the down trend. If a double top or other bearish setup appears in this zone, I'd look short
H1 shows a bit of an interesting area. Good chance of coming out either side. Possible approaches: 1. Play the breakout either way 2. Wait for breakout and see if it fails. If so, go with the failure
Trying a long here. Somewhat of a tough spot given the prior resistance. However, the H4 is still above the average and there was a breakout on the M30
AUD possible break down for a quick flip. Risk 25 pips
Gold is below the 50SMA on the H1 Triangle broke down on the 15M