tradingwithyg

tradingwithyg

Price Action: Neutral Pattern: Rising wedge in corrective phase Long-Term Momentum: Bullish Short-Term Momentum: Bearish Bias: Neutral Action: Wait until price is trading above monthly resistance and trend resistance Comments: Price can go either way in this structure. I would prefer that price break to the upside, but chances of that are similar to price...

tradingwithyg

Price Action: Bearish Pattern: Break below DS Long-Term Momentum: Range Short-Term Momentum: Bearish Bias: Short Action: Wait until price is trading below the support zone. Comments: Historically speaking every time price has entered the support zone it bounced back to the upside. It has been stuck in the range between .679 and .76 since early 2015.

tradingwithyg

Price Action: Ranging Pattern: Rising wedge/head and shoulders Long-Term Momentum: Bullish Short-Term Momentum: Bearish Bias: Short Action: Price closed below trend support on the weekly chart but is rejecting off the support zone. Once price moves below the support zone it would be a good idea to take a short position.

tradingwithyg

Price Action: Bullish Pattern: Overextended inverse head and shoulders. Long-Term Momentum: *Bearish Short-Term Momentum: Bullish Bias: Neutral Action: Wait until price corrects and finds support; however, price does have a chance to run another 100 pips before a major correction. Price closed as doji star. Sunday should give better indication of direction....

tradingwithyg

Price Action: Bullish Pattern: Asymmetrical triangle + break of all EMA’s Long-Term Momentum: Bullish Short-Term: Bearish Bias: Long Action: After price tests trend resistance it will most likely bounce. Hopefully it will find support where daily resistance is now. Enter a longer term position here. Comments: Would like to see bullish momentum continue for next...

tradingwithyg

Price Action: Bearish Pattern: Break and retest of DS Long-Term Momentum: Bearish Short-Term Momentum: *Bearish Bias: Short Action: Sell until the 1.17160 level is hit then close all trades as price needs to make a correction before moving down further. Comments: Strong sell side action with no real correction. Chances are once price reaches S it will reverse...

tradingwithyg

Price Action: Bearish Pattern: Break of daily support + 29 EMA *still in corrective phase Long-Term Momentum: Bearish Short-Term Momentum: Bullish Bias: Short Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term...

tradingwithyg

Price Action: Bullish Pattern: Break and retest of trend resistance + resistance Long-Term Momentum: Bullish Short-Term Momentum: Bullish Action: Ride U.S. pairs up to daily resistance then sell holdings Comments: Price has been moving in a nice bullish manner; however, price has yet to connect with any EMA’s since breaking the range. Chances are there will be a...

tradingwithyg

Price Action: Bullish Pattern: Break and retest of trend resistance Long-Term Momentum: Bullish Short-Term Momentum: Bullish Bias: Long Action: Enter all U.S. pairs after a break and retest of WR (95.16) level. Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in...

tradingwithyg

Price is nearing a major area of support. Over the next several days I suspect that weekly support (.737) will be reached. Ideally, I would like to see price continue to move down through this level but there is a high chance that there will be a slight bounce back to the upside before further continuation to the downside. There was not enough long-term bullish...

tradingwithyg

Price seems to almost be locked in a range between monthly resistance and monthly support. While it has been making lower highs, it has not been able to break the .817 level. It also looks like the is just a minor correction in a major bear trend. As long as U.S. continues to climb higher this pair will keep falling. I took a short position 2 weeks ago and I...

tradingwithyg

Price had an impulsive move to the upside today after the release of positive U.S. data. Still not taking any trades on this pair yet as price is stuck in what seems to be a triangle. In order for a buy order to be placed price would have to break above the trend resistance and hold that level (1.29) taking a trade at this level would be an aggressive move. Price...

tradingwithyg

Price has been in a nice bullish trend since late 2012. It had an exponential runup all of 2015 and has since cooled off and corrected. Price is approaching a critical point in the structure. If there is a break above the 1.30 level, this would indicate that bullish momentum is continuing, but there is a probability that it will reject the 1.30 area and continue...

tradingwithyg

One thing that I have noticed with this pair is that it moves erratically. Price only respects EMA on smaller time frames- 4H or <. As I am writing this price is breaking below another one of my support levels. If I could get a retest of the the 4H I will consider taking a short position since there should be positive U.S. data released on Wednesday.

tradingwithyg

Similar to monthly structure. Price has reached a critical point in the structure. Ideally, I would like there to be a break of trend support before there is any kind of retest of daily support/trend support. Looking for either a break of the neckline (conservative) or a break of trend support (aggressive) for the pattern to be activated. It seems that this pair...

tradingwithyg

Price is moving exactly like I had predicted in early April. There could be an activation of the head and shoulders pattern over the next several days/weeks. Looking for either a break of the neckline (conservative) or a break of trend support (aggressive) for the pattern to be activated. It seems that this pair is very sensitive to U.S. news, so trade with care.

tradingwithyg

Price has been moving in a parabolic manner since March. There was a few times in recent structure that price formed a doji star and it seemed like price would reverse but it didn't. Similar to the monthly chart, price is nearing a major resistance zone + trend resistance. If bullish momentum continues to show from the dollar price will continue to trend nicely....

tradingwithyg

Price created a LH in the structure at the beginning of March and has been moving nicely to the upside. There is some major rejection happening at the 110.3 level. If price is able to get above and hold daily resistance, 29 EMA, and trend resistance there could be a runup to 115. Everything depends on what will happen with the U.S. dollar of the next several weeks.