Taking a look at the NZDCAD chart, we've broken a key level of support, now re-testing the level. If we fail here and continue to the downside there's a decent price gap to our next target. In the video we take a look at how we can enter, manage risk and potentially capitalise on the opportunity. This is not financial advice, trading the currency markets carries a...
Just looking at the GBPAUD at the moment, there is some bearish pressure in the market, I'm waiting for the Setup. If we break the low shown in the chart with a re-test and fail I'd be looking to short this. If this fails to break the low and fail there is no trade.
Just taking a look at this Polkadot chart. We've traded down to a key support level on the higher timeframe. The market is also overextended with somewhat of a liquidity void above the current price level. I would be interested in a potential sell if we break the current/previous low, then re-test and fail. That would be my cue to short this. The other thing to be...
Taking a look at the USDJPY, we've reached a major level of support, I'm expecting a pull back and looking to layer in short positions if we get the retrace. We take this out to the higher time frame to find our targets and we have a look at the currency index and a couple of other charts to back up our trade idea.
The CADCHF has just broken a previous low, I'm looking at layering in short positions. There's a price gap under which could give us an opportunity if it gains momentum. This is more of an introductory trade setup.
Just taking a look at the AUDJPY here, looks like it's shaping up nicely for a short. I'm waiting for the pullback and will be layering in for an intraday trade setup, I think this may play out quite well given the risk-off sentiment in the market at the moment. This is not financial advice.
Hi traders, this is a quick look at bitcoin. I don't see any immediate set ups however I could commit to either a long or short depending on break retest and fail of a lower time frame range as that is shown on the chart in the video.
We are short the US30 (Dow Jones) based on possible trend exhaustion. We can see a bearish divergence and further argument to sell with the range break to the downside. Entry is on the pull-back into the 61.8 Fibonacci. Go off weekly and daily pivot levels for targets and previous high for sl.
We are short the USDJPY based on price level being overextended, having traded up into resistance and bearish divergence on our momentum indicator below. We are looking to take 70% of our position off at T1, 20% at T2 and trail the rest.
W are looking to sell Gold based on price being over extended and testing resistance. Theres also a bearish divergence showing on our momentum indicator. Looking for a pull back to our fibo levels as shown on the chart. Take 70% fairly early at T1, 20% at T2 and 10% at T3. Alternatively close 70% at T1 and trail the rest.
Crude oil has traded into major resistance, it's fairly overextended and we could be looking at a possible trend reversal or at least more consolidation and a decent retrace in my opinion. I'm looking at building shorts around 57-58 with the aim of taking 2/3 of my position off the table fairly early and leaving a third of my position to run to see if we gain some...
This setup is a counter trend long based on an over extended impulse leg. In the video I explain how I take these trades, and how to maximise the gains by closing 2/3 of your position at TP1 and leaving the rest to run. We also cover my Fibonacci set-up and how I work out my TP and SL levels.