KH2_Artizan

KH2_Artizan

Good afternoon traders! Welcome to a new trading week. After about a 3-week drop in #CADJPY, we've seen a nice bounce around the important 109.000 area. I'm long just under 109.200. Friday's price closed up above the 110.000 level and I'm expecting more upside this week. The close above 110.000 also provided me with a second buy entry. This week will be an...

KH2_Artizan

Good evening everyone! It seems that AUDUSD has completed its head and shoulders pattern on the daily time-frame. If price continues down (as the pattern suggests), then the next major support area is .6285 - .6270 followed by .6170 (not shown), which is also the measured H&S target. Enjoy the last trading day of the week and have a great weekend.

KH2_Artizan

Price has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold,...

KH2_Artizan

A confluence of supports: channel, horizontal and rising trend line. Entry validated by bullish engulfing rejection of confluence area. Target is channel resistance.

KH2_Artizan

Simple wedge consolidation setup at support. 1. A potential support level was initiated. 2. Level was tested and confirmed as valid support. No entry due to bad RR. 3. As price retested support and seemed to have made a potential daily low (based on lower time frames), entry was executed. For the moment, my target is wedge resistance.

KH2_Artizan

Gasoline is still alive!! Trading inside of an expanding triangle, price has confirmed a "double bottom rejection" at triangle support. The actual double bottom won't be confirmed unless price breaks and closes above the neckline, which would potentially give me another trading opportunity as well. Since the reconfirmation of triangle support, I've been building a...

KH2_Artizan

A bullish wedge pattern breakout, which coincides with rising trend line support, has confirmed wedge resistance as new support. At the same time, price has also confirmed rising trend line support for the second time. Both seem to point to more upside. I'm looking for a measured move based on the wedge pattern up to about 3.35.

KH2_Artizan

I've been waiting for this day for a while now. BTCUSD has been trading in a tight range around the 31,000 area for some time. It was difficult to get a daily close below 30,000, but once it happened and price retested and confirmed wedge support as new resistance I was all for taking a stab at the opportunity. So far, price has had a steady move to the downside,...

KH2_Artizan

I normally wouldn't trade this instrument, but as I was watching a trading program they had mentioned and shown this chart as a potential sell setup. I decided to pull the chart up and analyze it and before you know it, I was planning my short position. Initially, resistance had been initiated by a shooting star candle on March 7 of this year and then was tested...

KH2_Artizan

Looking at XAUUSD on the Daily, following the previous down move from the May 3 high, price has formed a descending triangle at an established horizontal support level. It has broken to the downside and old triangle support (along with horizontal support) has become new resistance. A bearish engulfing pattern confirmed a short entry and on Friday I was able to...

KH2_Artizan

I was able to get short on another retest of the 31,000 area. My first target has already been hit and stop at breakeven. Now I'm basically waiting to see if we can get a daily close below 30,000. Only then will there be a possibility of more downside on this pair.

KH2_Artizan

This is basically the same setup from the previous NZDUSD position I posted yesterday. That position was taken out at breakeven. I'm now short NZDCHF. Resistance was initiated and then confirmed by a cluster of spinning tops and high waves. Shortly after, I got entry confirmation by way of a Shooting Star that also confirmed resistance. This position is now a...

KH2_Artizan

Here's a simple 4hr sell setup. Initiated resistance was test and confirmed by a shooting star, which served as my sell entry. Looking for a retest of the previous swing low area as my final target.

KH2_Artizan

Friday, before the NY session, BTC had popped up above 31,000 again and I shorted based on the previous bearish engulfing pattern that had been put in a couple days earlier. This is now a "risk free" position and I'm looking to at least test the 25,000 handle, which also coincides with the falling wedge trend lines (not shown on chart).

KH2_Artizan

The markets are open and every opportunity counts. There should be thinner than normal liquidity due to the holiday on Tuesday, but risk/reward is good on this pair. We have a previous support zone that has now been confirmed as a new resistance zone, so I'm looking for a leg down to retest last Thursday's swing low.

KH2_Artizan

The OJ Daily price action has formed a rising wedge and we are at support again. This time around, there is an ascending triangle inside of the wedge that also corresponds with a minor rising trend line. I'm long and looking for wedge resistance as my target.

KH2_Artizan

It seems I had jumped the gun on my first attempt to sell this stock a couple days ago. Today, after what I believed would be a breakout to the upside, ended up being a false breakout. Today's doji has properly tested and confirmed initiated horizontal resistance from March 6 of this year and I've opened another sell position. I'm looking at 104 as my final target.

KH2_Artizan

A test and rejection of initiated resistance is in process on the daily time frame (current chart pic), but has been completed on the 8-hour (my entry chart for this position). I'm only looking for a move down to the most recent swing low, which is about a 3R profit potential.