themikewwfx

themikewwfx

Price has really been struggling to break above the long term daily trend line shown. With the daily candle forming a nice high test candle and multiple breaks of the 25 SMA its looking quite nice. on top of that there's plenty of room to move down back to the 100 SMA, so it's a fairly neat and tidy trade.

themikewwfx

For me this is an ideal little trade. A double top pattern bouncing off strong resistance at 1.7400 and multiple breaks of the 25 SMA is a perfect pairing. This could take longer then hoped to enter because we could be forming a head and shoulder pattern, but either way i'm on the right side of this entry so let's see how she plays out!

themikewwfx

A nice breakout occurred on USDCHF with enough room to move to at least get a 1:1 RR. Once there I move the rest of my trade to break even to take the rest of the risk off the table. Should be a quick move with an entry high enough that if bearish pressure is too strong will not trigger.

themikewwfx

The right shoulder is about to form on EURUSD. The best part is its reacting perfectly to a the bottom of the strong bullish trendline on the daily time frame. Perfect retracement with a beautiful pattern makes for an excellent trade. I'm looking to get in after the neckline to take off any of the risk involved. Looking good.

themikewwfx

A perfect example of the power of support and resistance showing on AUDCAD today. The monthly support at 0.9800 forced price right back to the bulls and with a break of the 25 SMA as well it gave me a great spot to look for an entry and catch a piece of the move. Looking forward to this one.

themikewwfx

With my system a bearish engulfing candle breaking past the 25 SMA and phase line is a big part of a signal of a retracement in price. Not necessarily a full on trend change, but at least enough to grab some pips

themikewwfx

A strong break of the 25 SMA and phase line with a bearish engulfing candle like this is a big part of the set ups i use in my system. It tends to be a good signal of a retracement coming. Not necessarily a full on trend change, but enough room for a quick few pips.

themikewwfx

With the system I use a strong bearish engulfing candle like this breaking through bullish phase line and the 25 SMA is a clear signal of a retracement. It doesn't necessarily mean a full trend change, but for what I'm lookin for the RR is perfect to grab a quick 2:1

themikewwfx

Nice and clean little breakout pas tthe 25 SMA with plenty of room to move back into the 100 SMA. Strong support with pivots below makes for a tidy little trade. Looking for profit at 1:1 RR and 2:1 RR. Trading this using a custom indicator

themikewwfx

A beautiful head and shoulder pattern is forming up really nicely on the 4 hr charts. The neckline is bearish giving even more confluence to this trade. With the break below the 25 SMA and multiple closes below is giving me a signal to go short on this pair. Tons of room to run yet so I'm looking for a quick 1:1 to secure this as a risk free trade and then...

themikewwfx

Much like my AUDJPY trade CADJPY has clearly borken the 25 SMA and closed above multiple times. Strong support at 77.00 gave some serious strength and the correlation between these two pairs shows some weakness in the JPY for a short period of time. Pivots provide support as well as the 25 SMA. Split trade with one half of the order closing at 1:1 RR with the...

themikewwfx

A beautiful break of the 25 SMA with multiple close above signalling a change in direction. Rebounding off support at 76.75 offered some strong movements in price. I'm not looking for a big move but it should be some clean easy pips before the bearish trend continues. Split trade with one half of the order closing at 1:1 RR with the other half given room to run...

themikewwfx

Strong resistance at 1.4650 resulted in a total rejection bringing price to break below phase line and 25 SMA. Daily Pivots have provided some resistance as well giving room for a tight and tidy 1:1 at the least.

themikewwfx

Strong Breakout with the overall trend reacting to bullish trend line providing beautifully strong support below. Pair that with a stop placed below the pivots it's a tidy little set up

themikewwfx

I love a nice long hightest like this esepcially after clsoing below its open. Really nice all around. Looking for a quick 2:1 on this one. - Hightest candle on psychological resistance (0.7500) - Double top pattern - Strong MACD divergence on 4hr - With trend

themikewwfx

A tidy little hightest candle reacting to some strong resistance from both on term bearish trendline and strong former support turned resistance - Hightest Candle - Rebound off long term bearish trendline - Reacting to strong former support at 1.4630 - Triple Top - looking for 1:1 on this because of some strong support at 1.4430

themikewwfx

It's been a while, but I finally got the set up I've been waiting for on GBP/AUD. Cant ask for a cleaner set up - Perfect bearish engulfing candle - rejecting strong former monthly support turned resistance -rejecting 200 MA - Rejecting strong resistance at 2.0400 - Tons of room to move

themikewwfx

A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this...