laughingchartist

laughingchartist Updated 

Entry: 0.71465 SL: 0.7185 TP: 0.705 This trade was knocked in this wed (27th Feb 2019). The reasons why I went short is listed below: Whilst market reacted above the ascending trendine support (in red), it failed to surpass resistance at 0.72100 Market then broke below ascending trendline support and also spiked below 55 period EMA At the same time,...

laughingchartist

This was quite a simple set up though admittedly, the risk reward wasn't great. However, when presented with an opportunity, I will grab it. Here i saw market reacting above ascending trendline and also holding above EMA34. MACD was also in a bullish environment. Market was also testing a very key long term trend level at 1.135. I set my entry at 1.13525 and...

laughingchartist Updated 

1st Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 Short order was triggered yesterday after market pulled back to the descending trendline resistance (dotted line). Market however surpassed this line and seemed to be heading for a bullish breakout... However, it reacted just nicely below the resistance at 0.71852 (thick neon blue line) to form the right...

laughingchartist Updated 

Short GBPNZD Entry: 1.90535 SL: 1.91 TP: 1.855 Entry was triggered overnight due to the spike, which also coincided with the pullback towards the descending trendline resistance. Now market reacting below the descending trendline. Bearish divergence noted on 21 period RSI RSI also reacting below descending trendline resistance where market reacted in the...

laughingchartist Updated 

Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous trade...

laughingchartist Updated 

Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous...

laughingchartist Updated 

Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 R/R: 1:3 Market reacting below descending trendline resistance. Also, MACD forming a bearish sell signal and reversing Market now below 13-period EMA

laughingchartist Updated 

Short EURAUD Entry: 1.59405 SL: 1.59805 TP: 1.58500 Simple set up, as clear as day. Market below EMA 13 H&S reversal pattern confirmed with the breaking of the neckline RSI below 55% resistance level Market pullback below descending trendline resistance

laughingchartist Updated 

Short GBPNZD Entry: 1.91335 SL: 1.91750 TP: 1.8950 Simple and clean set up. Market below EMA Double top reversal pattern confirmed Market reacting below descending trendline resistance RSI below resistance and showing bearish divergence

laughingchartist

Spot the difference.

laughingchartist Updated 

Long EURCAD with high conviction (+++) Entry: 1.51675 SL: 1.51325 TP: 1.52800 We continue to see upwards momentum given the EMAs. Also, market has formed a flag pattern with a breakout to the upside. Similarly, market has surpassed descending trendline resistance (now support) to the upside. Based on price action, market failed to make LH and LL. This shows a...

laughingchartist Updated 

SHORT NZDCAD with high conviction (---) Entry: 0.90655 SL: 0.90580 TP: 0.88500 Great risk reward trade. Bearish divergence posted on MACD. MACD is peaking where market reversed before. Previous trade did not trigger entry. Due to a change in market structure. As such, this is an update.

laughingchartist Updated 

Short with high conviction (---) Entry: 0.9100 SL: 0.9150 TP: 0.8702 Market close to descending trendline resistance. I will start to keep my charts clean and simple.

laughingchartist Updated 

Short with Good conviction (--) Entry: 141.50 SL: 142.20 TP: 134.50 Market is now within a long term bearish dynamic.

laughingchartist Updated 

SHORT with high conviction (- - -) Entry: At market SL: 1.2915 TP: 1.265 Indicators shows room for further downside along with a good risk reward! Follow the arrow. Have a great week everyone.

laughingchartist Updated 

Price expected to move sideways for the next 1 to 3 weeks. Stay neutral between 1236.50/1238.00 and 1183.15. Only surpassing above resistance at 1236.50/1238.00 will we see a further rise on price. Else, a break below support at 1183.15/1180 will we see further drop on price. RSI shows little upside potential coming close to descending trendline resistance....

laughingchartist Updated 

Long with low conviction (+) Buy on dips above 1.119 Stop Loss: 1.110 Take Profit: 1.157 Weekly Market is testing descending wedge pattern support with 1.119/1.120 as a key support level. 21RSI is holding above 33.5% support level where price has been shown to react/bounce before (as indicated by arrows), however still below the 50% level. 1.119/1.120 key...

laughingchartist

Long with good conviction (++) Buy on dips above 3020 Stop Loss: 2960 Take Profit: 3350 Weekly Price reacted above 2960. RSI also reacted above support where in the past price has bounced before. RSI also surpassed descending channel resistance. Daily Price and RSI shows a weak bullish divergence RSI also testing 50% level. 2960.00 is the key support level...