As euro is capitulating we are positioning for another short term rally contrary to the overall trend.
Here using a funnel between 1.11250 and 1.12400 range.
If the funnel is broken from the downside we are looking into further capitulation and trade being cancelled.
Otherwise we are positioning for a breakout trade around 1.11620 mark.
Please note that if the...
Here a setup on the hourly eurusd pair for your disposal.
I was watching this trendline holding up for the past three days as the euro soared.
If the uptrend doesn't manifest in the next hours the trendline will be broken and stop out is most likely.
If the trendline continous after the third confirmation then it's going to be a home run...
Time for tactical trading Tuesday!!
Today i wont be publishing projections as this is a daily setup and prices could deviate a lot.
But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel.
I will be updating with entry levels.
No fundamentals in sight supporting euro in the near...
Another Tactical Trading Tuesday at your discretion.
Here with a Descending triangle that has been in play for the past two months.
The trend held up very nicely thus far. Forming a solid resistance.
On the other hand support was also found on and around 9300.
So we are geared towards long direction with a breakout and continuation.
Positioning around key price levels. What many traders call the premeditated aspect of trading.
Here we have three different long orders placed around Fib. levels that also happen to be confluent with other major price levels.
The tactical positioning of the orders can play a major role on the efficiency of each trade so you need to play out every...
Back with another tactical trade plan
Today we take a closer look at USDJPY that has just broke out from an uptrend momentum.
The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment.
Here my entry point is based on the retracement on the break out point.
If there is further...
Another Tactical Trading Tuesday at your disposal.
Here we can see EU consolidating before the next big push.
Any deviation from my initial projections will result in the trade being cancelled.
Trade safe Trade well.
Tactical Trading Tuesday is back!!
This time with another tactical entry on EURUSD
Purely technical stuff here.
Euro is rather sluggish lately but the trendline highlighted above held up in three separate occasions.
If this scenario doesn't play out at the key levels highlighted the trade should be cancelled.
Trade safe, trade well.
Back to you with another Tactical Tuesday this time on WTI Oil
After a prolonged bearish impulse and an upside retracement the bearish momentum is about to get back in action.
Trying to find the right level to place my short positions I dispensed all the hard statistics and went straight for the Fib levels.
Looking into the major downward impulse...
Its that time of the week again.
With another purely technical based setup on USD/JPY
My approach is a trend following one.
Here going with the direction of the initial impulse
and looking to position long in the upcoming days.
Please note that any deviation from this setup will result in the trade being cancelled/invalidated.
Trade safe, Trade well
My first Tactical Trading Tuesday for the year on my favorite pair.
As we see EURUSD price action complying within a converging triangle I'm pointing you towards two tactical entries.
The first entry is following the main trendline on the bearish daily momentum and expecting strong resistance @1.15 level
And the second entry featuring a breakout...
Here I present to you my wave count on Gold.
Gold has been on a steady rise since August completing a full impulse wave cycle and now starting a corrective wave cycle.
The last NFP figure falling short at 155K instead of the forecast at 198K alongside with falling wage growth at 0.2% gave way to further upside for Gold. Also the end of the interest...
I present to you another tactical trading Tuesday.
This time we are looking into two long positions both into a trend continuation bias.
The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line.
Any deviation from these projections will deem these entry levels invalidated...
Looking further into a choppy market indeed I present to you my tactical entry on EURJPY.
The price has been fluctuating within a funnel here on the 4h chart.
We are looking to position in a potential continuation.(looking at 128.000 round number as potential level)
Also note that this is the third time that price tested the funnel and broke it...
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without...
Yet another tactical setup on my favorite pair.
This setup is what I consider the classic case of resistance turning into support.
The trendline was broken now looking to re-position my trades in a new upward momentum.
If that doesn't happen further capitulation could ensue and possible test of 1.12 level.
Trade safe, trade well.
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price...
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical...