UJ seems to be in an uptrend at the moment, price has made a slight retracement and we could see a deeper retracement before price continues upward. Now I wait for a push up or a further push down into a fibonacci level, THEN a push up. Either way there are no shorts in the works for me anytime soon.
EURUSD has recently made a strong push downward past the Previous low on the Daily. I predicted a retest at the new resistance created by the previous low then another strong push downward. Ill have to wait until next week, probably Monday for the move.
Buy stop placed at 1.31550. Stop loss placed below previous low of the double bottom. Take profit placed before the top of the double top and under a possible minor resistance level. Price looks to be in a healthy uptrend on the daily timeframe. There is divergence pointed out on the hourly timeframe. Price has formed a double bottom at the B point of a XABCD...
IF/WHEN GBPUSD reverses and heads into an uptrend I have set a buy stop to be ready. I forsee the weekly timeframe forming a large M structure out of a larger W. At this point the M would be in the middle point or the B point of an XABCD harmonic. I came to this conclusion through seeing the downward pressure slow and weaken. Shorter lows and higher highs. There...
Sell stop placed at 1.16380 with Take profit at 1.16260 right above a critical support zone and Stop loss placed right above most recent successful resistance level at 1.16500. Based on the hourly timeframe a downtrend seems to be starting. I may have jumped the gun on this trend reversal but time will tell. Jumping in at the pullback.
Waiting on confirmation of last kiss trade which will consist of a strong break downward from the channel price has dropped far below and come back up to retest hopefully one last time. Will place sell stop and wait.
USDJPY has recently broken out of its channel and has reapproached the trend/channel line. Could break through and consolidate or it could be a Last kiss forming for a nasty breakout to the short side. We shall see. As always, Stay diligent my friends.
I predicted a breakout A while back I will link to. I thought after the trade had hit my sell stop that it had come up and tapped my stop loss as well but I wasnt paying close enough attention and as this wasnt a real trade live or demo I was just judging it by sight. So good news is I didnt get stopped out. It has made a slight retrace and is still positive and I...
Today the Euro is poised to continue downwards a little further although the reversal has not been confirmed yet by any means. Stochastic divergence in extreme oversold position is pointing me further downwards. Maybe this is the start of the reversal but maybe not.
Hoping for a major Pound sell although it may not come just yet. Bollinger bands are still dilating and could be pointing to further movement in the same direction which would be downwards along with pointing at a breakout. Also being patient with this pair although a sell stop is in place in case I miss the big move.