After shorting this pair and closing it out early price hit my TP on the short side. Now I am going long after seeing price at support forming a double bottom and bullish pin bars forming on the 6 hour and 8 hour charts. I am going to long this pair and target previous resistance. Also look for shorts on GBPCHF as these pairs are negatively correlated.
Although I do not normally place trades on Friday I do like this setup. Price is testing a support zone and printed a bullish pin bar at support. I placed a buy stop order right above the bullish pin bar. I am targeting previous Daily resistance.
This pair closed as a bullish inverted hammer at support so I am going Long. I will target the first level then close half of my position.
I am going short on EURGBP after seeing a bearish pin bar formed at resistance on the 6 hour chart. I am targeting previous support.
I placed a sell stop order on CADCHF after seeing a "dragonfly doji" candle form at resistance on the 12 hour chart. This is also a Daily resistance level. My trade will only get triggered if price breaks below of that rejection candle.
Going long after seeing price reject current support on the 4 hour chart. I am targeting previous resistance.
Price is testing a strong support zone and the last Daily candle printed as a bullish inverted hammer which is a great candlestick that could mean a strong reversal. This pair's spread is high and does have crazy moves so trade a smaller lot size.
I am still long on this pair. It's been a little frustrating in it's movements but now on the 12 hour we see a bullish pin bar forming on support. With longer time frames it's just set and forget.
So I am done with lower time frames. I am only trading the 8 hour, 12 hour, and Daily charts. Here on the 8 hour an inverted bullish hammer printed which is an amazing reversal candlestick pattern. I am taking it long and targeting the previous day's high to hopefully make a quick profit before the weekend. More setups coming soon.
After seeing a few rejection candles on support I am going long and targeting a 1:2 R:R.
A bullish pin bar printed on support on the 1 hour chart. I am going for a 1:2 trade.
After seeing a bearish engulfing candle form at resistance I am going short on this pair and targeting previous support.
After price broke resistance we can see price is making higher highs. I am looking for a re-test of the broken level to see if it will hold up as support then look for bullish price action to go long. Just a little patience because this trade could be an amazing one.
Price printed a bearish rejection candle on the Daily time frame at resistance. I am not a big fan of trading gold but I am using a smaller lot size and I do see the Dollar making another bullish run.
Price broke through resistance and now came back down for the retest and is now rejecting this new support level. I went down to the lower the time frames and on the 12 hour chart I saw my favorite candlestick pattern form on support and that is the inverted hammer and being that it is bullish gives me more confidence that this pair is on it's way up. I did get...
A bearish rejection pin bar formed on the daily chart on resistance. I am shorting and targeting previous Daily support.
I am going long on this pair after seeing a reverse hammer form at support on the Daily chart. I know the Dollar has been strong lately but I like the R:R of this trade and its potential. Even if it hits my SL I can look for sells and make my money back but I like this candlestick pattern which is a sign for a reversal. I am targeting previous Daily resistance.
Price is rejecting current support. I am targeting previous resistance but I am looking to keep this long trade going passed current resistance.