Looking at XPTUSD's 4 hr time frame, price developed a nice flag pattern, and is ready for the breakout to the upside for bullish continuation.
Stop below the flag formation, looking for 1.5/1 R:R ratio as the first target.
Similar like my AUDUSD trade that went for 1.5:1 RR, USDCAD is presenting similar setup against the USD.
Here on the 1 hr chart, we are seeing PA failed to break to the upside, and strong momentum break down.
Strong MACD divergence, Head and Shoulder Pattern, breaking below EMA all give me positive confluence that a short trade is ideal.
Silver has always been on my long term watch list as the PA and fundamental behind Silver always seem promising to me.
Here on the daily chart, we are seeing a potential Head and Shoulder pattern, lower high could confirm more bearish movement to the downside.
I will enter only when I see a good rejection of the resistance level, EMA, fibs, and...
Nice to be back to charts and trading after a long break.
In this quick trade, I am looking for a nice 1 HR pullback to good support, forming higher low and inverse Head and Shoulder before entering the trade.
Rejecting the EMA, fibs retracement, and MACD divergence all given me positive confluence to enter.
Easy target of 1.5:1 RR, below...
Similar like the NZDCHF I just posted, AUDCHF has similar price action pattern that gives me enough confluence factor to go for a quick long.
Here on the 4 HR chart, we are seeing a double bottoms, then price action broke above the resistance trend line, formed a new high.
Now we are seeing a deceleration, a pullback, forming a higher low. Enter at the...
Nice to get back to charts again.
Next week we could have a nice long opportunity on NZDCHF.
Here on the 4 hr chart, we are seeing a nice price action that broke out of the triangle, formed a new higher high, then price began to pullback to form a bullish flag.
Enter at break out, targeting the daily 50 EMA, daily resistance of 0.6510, and...
EURUSD has been been dropping for sometimes now, on the longer term its looking very bearish and could drop more.
Mean while, its currently rejecting a support zone on the daily time frame, and a quick pullback trade to form a daily lower high could present more shorting opportunities,
Looking to enter on the 1 hr chart for a bullish flag or high low to the...
Here on NZDCAD, I have one of my usual setup for a trade to the upside.
On the 1 hr time frame, price break to the top, forming new high, now waiting for a higher low to develop of a flag to take it to the upside.
Good target for 0.382 pullbacks of the 4 hrs time frame.
On the daily time frame, good rejection of the support zone of 0.9050-0.9000...
AUDNZD also has a nice clean entry as the price action hit a strong support area of 0.7550 - 0.7500,
and break out of the wedge, and pull back to form higher low on the 1 hr time frame.
Waiting for a break out of a flag is a good entry point.
Good to go long to 4 hr 50 EMA for a safe R;R entry.
Also, daily time frame looking promising for more...
NZDUSD has a clean long entry on the 1 hr time frame as the price action breaks out and pull back to form a higher low.
A quick entry to the 4 hr 50 EMA is a good R:R target.
On the daily chart, we can see the pair hit a strong support zone of 0.7050, and a pullback is likely to form this week.
NZDCAD is shaping up to be an excellent sell, if we see strong bearish momentum that breaks out of the bearish flag.
Currently, its consolidating after a strong move from the top.
Waiting for a breakout ton confirm the downside.
A good sell setup is forming on the GBPJPY.
WE can see the 4 hr chart has hit the resistance of 150.00, a bearish flag has formed to push the price action down.
Now, the price is consolidating above the trendline, another bearish flag forming and enter short would be a nice risk:reward trade down to recent lows.
On the higher time frame, daily...
Nice week to start off on this pair. As GBPAUD formed a nice double tops on daily chart, hitting resistance and looking bearish on the higher time frame.
Here on the 1 hr chart, we see a nice momentum breaking to the downside, now waiting for a pullback to form lower high or bearish flag to sell is a good risk reward trade.
EURCHF has now formed a potential sell setup. A bearish flag in the making.
On the 4 hr chart, a strong momentum to the bottom, now the price action is consolidating, and pulling back.
Sell at the break out of flag or lower high is a nice trade to the downside.
We all know all USD pairs gain strength due to the speech. Most USD pairs are way over extended, and in need of a pullback and retracement.
Here on the GBPUSD 1 hr chart, we see a bice bearish flag pattern, then price broke down. Now we are seeing the price action pulled back, forming a lower high. Good entry to go short down to daily support and...
NZDUSD is looking promising again on higher time frame. Here on the 1 hr chart, we have a clear breakdown, broke the trend line, and pulled back to form a lower high.
Enter a short position from the daily top down to 48.2% and 50.0% fibs will be a good risk reward ratio trade.
Here I see another sell opportunity on NZDUSD.
We can see that on the daily time frame that the price action is over extended, and hit a strong resistance area. A pullback is likely to happen before a trend continuation.
On the 1 hr chart, we see a short term trend line broken, and price has pullback to form a lower high.
Good to enter for a short position, TP...