Today (21/9/2015) broke and closed below support level. BB-2SD (Bollinger Band -2 Standard Deviation) and 21SMA are pointing down, which is indicating that the market may go down, possibly shift to the down trend.
I am waiting for the rally to my sell zone (pink box on the chart) to sell.
Cable is in the rage for 4 months since May 2015. I am planning both short and long this week.
- Based on Weekly chart, I will consider to short in my "sell zone" (brown box on the chart)
- On 4hour chart, the candle is currently below BB1SD (Bollinger Band 1 Standard Deviation), which is indicating that the ...
The price fell into "A" zone. It closed below on 4 hour but 1.53400 level seems to have acted as support.
If the price closes above 21SMA (a blue moving average; bollinger middle band), I will look for a small retracement back into A zone to buy.
Support was broken this morning. I have already shorted and closed the position (TP line on the chart) to take a quick profit just before falling.
Now i am waiting for retracement to sell if the pattern is still valid for short.
Currently, 21SMA (blue moving average), also Bollinger Middle Band is acting as a strong support.
If the price close below 21SMA today, I may be interested in going short at retracement for a short term.
A very interesting pattern. I am looking for;
If the price breaks support and forms a good bearish candle, I am going to wait for retracement into my "Entry zone" to consider short.
If the price bounces off support and close above 21SMA (blue moving average), I will wait for retracement into my "Entry zone" ...
I sold this pair when the price closed below BB+1SD (Bollinger Band 1 Standard Deviation.)
My first target is BB-1SD (Bollinger Band -1 Standard Deviation) and my second is BB2SD.
Very simple trading strategies with bollinger bands.
Currently, the price was bouncing off 21SAM on daily. (Daily Bollinger Middle Band).
I shorted at market value. If today closes above 21SMA today, which will stop me out, then I will look for long @ retracement.
Let's see what will happen.
On 10 Sep, the price did not fall enough to reach my "buy zone" and reached my first target. (https://www.tradingview.com/chart/GBPUSD/JtLcxOz0-10-SEP-15-Still-looking-for-long-retracement/)
Now, I am waiting for both short & long opportunities.
If the price does not break above the blue level (where it was my ...
Daily candle closed above BB-1SD (Bollinger Band -1 Standard Deviation) on 11 Sep. I am looking for long around 0,70200 - 0.7000 level.
These levels are confluence of;
- round number
- 4hour 21SMA (bollinger middle band)
- Daily BB-1SD
- Fib 50 - 61.8% level on Daily candle (not shown on the chart.)
My AUDJPY trading plan was perfect. It went up 120pips from my entry area. If you have not read my plan, please look click here. (or go to https://www.tradingview.com/chart/AUDJPY/znUyHIcA-10-09-2015-Looking-for-long-around-83-54-area/)
Now, I am still looking to buy Cable at retracement level. Daily BB-1SD ...
On daily chart, the price closed above BB-1SD (Bollinger Band -1 Standard Deviation) on 09 Sep, which means the market may go up for a short term.
I am looking for long around 83.57 level where confluence of Daily BB-1SD, 4hour Middle Band and Fib 61.8% ( not shown on the chart.) if a bullish pattern is formed.
Last week, the price closed below BB+1SD (Bollinger Band +1 Standard Deviation), which means the market may move down for a short term.
I was looking to short on a shorter time frame this week.
Yesterday (08.09.2015), Inside Bar was formed at BB+2SD (Bollinger Band +2 Standard Deviation) and created a false ...
On daily, the price is about close above BB-1SD (Bollinger Band -1Standard Deviation), which means that the market may go up for short term.
I am looking to long at retracement in the blue zone on 4 hour chart.