Price just starting to dig into a nice area of support down at 1.450. On the daily here you can see the nice short position I'm now looking at hedging my last little remained of the trade to now look at buys. A few more candles on the daily to confirm that this level is going to once again show support then ill be entering long term buys with a 50% take profit at...
EURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up...
Looking at adding some more buys if given the opportunity, 0.71 is an area Im looking at for a new support to continue the uptrend. I am also looking at the potential for a long term short if we can see a reversal from a further push higher.
Looking to see if we can see a quick move up on AUDUSD out of the 0.7 support then will definitely look for a buy off a right shoulder if created. Price looking very weak still so make sure you wait for confirmation if following my trade setups.
Keeping a close eye on USDCAD around 1.3 resistance area for a possible rejection and trend reversal. Also remember the overall price direction, even though there is huge profit potential always cover your trades at break even or a capped risk amount! Trend reversal areas can be very manipulating... An even better trade would be price to show a sell off then look...
At the time of writing this I'm still bearish on the lower time frames but we are now seeing price push into an area of support of 0.7 and is well overdue for a correction back the the upside.
Looking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
Looking for a continuation short position on AUDUSD with price making some nice moves off 0.75 on the weekly and daily. We do need to see a bit of a trend form so ill be looking for a small push back towards 0.75 then rejection signs for confirmation to take short trades.
Looking at price to close this gap and give another rejection from 1890 and then will be looking for that continuation higher and crack some new highs, hope everyone is doing well and staying safe! remember risk manage and trade smart.
So we are once again rejecting from my sell off area to continue this sideways consolidation on the 4hr, i will be targeting the support of 1.26600 once again!
As tensions around the world heat up so does the gold buys... if you traded gold during the trump presidency you know how wild it can be to day trade lol. As we see huge upside expect for some sharp sell offs, that's where ill be looking at adding positions for a lot more upside!
Price has been respecting that support of 1.13000 very nicely so I've taken another long from there, I'm holding my trade a risk free at the moment as price on the higher time frame does look very weak, so this upside move we are seeing now may just be the retracement before then going lower.
Looking for either a short term push up for a retracement or a large reversal from support area. I do expect a little play around current support on the lower time frame so should give a nice risk reward and entry point.
Looking at taking profit very soon for a nice easy short, we will come into this major support se expect some sort of bounce at the least!
Looking at taking short trades if price can fail another upside push as I see price continuing to travel sideways in this overall sideways consolidation area. Two areas I'm looking at taking trades from with very nice risk reward, even if price doesn't make a long term push down we can atlest target that support once again.
Still not in short trades and probably will be standing aside until we see some clearer direction.
Still looking for buys on USDCAD, after price failed to make a continuation from a retracement price is now back in a better area of support so if we can get further rejection I will be entering long positions to catch some nice upside.
Looking for price to trickle back down to the supportive area of 0.83100. Even if price does want to continue to the upside we need to see price follow market structure and make a retracement at the lest. So either way I hope to catch the big move but if not we can put ourselves in a nice risk free short trade.