Pair has been making higher highs and higher lows so my bias is bullish. I am following the arrows and using the 15m chart for entries. Macd will help with price direction. This is my own opinion and not a trade signal.
My London close trade zone is 11:30 to 12:30 EDT. Price closed below 20 sma so I entered on the open of the next candle. I watched price at the 80 sma and the 800 sma to exit but so far I am still in the trade. I moved my SL to the 80 sma. The Big 3 indicator is red. I used the 20 and 80 sma from the Big 3 strategy.
Price has flowed from 50 sma to 100 sma. Then price moved halfway between 100 and 50 sma and returned up to the 100 sma. This is a common pattern with sma's. Price may be ready now to fall to the 50 sma now. The 50 sma is the TP. SL is shown. Watch the Macd Blue line to cross below the Red line for a short pullback.
Entry @ 1.2255 below support TP at 50 sma Watch Macd Blue line cross below Red line
4H chart shows price has been away from the & needs to return to the 50 sma. Macd is over extended above 70 level. This is my personal opinion and is not a trade signal.
Price crossed 50 sma to 100 sma long. Entry was taken from a 15m resistance breakout long. TP is the 100 sma. Macd is heading towards the 0 level line with momentum because the space between the lines is widening.
I entered trade on a 15m morning star bearish candle pattern @ 1.1966. TP @ 1.1825 previous sup/res level. Macd Blue line is about to cross below 0 level line. Trade is good while price remains below 50 sma and Macd 0 level line. These can be used as your SL signals.
Price is moving higher towards the 50 sma. Entry will be on a 15m chart with a Break-Hook-Go above the 4H sma. TP is the previous high @ 1354.14. Macd Blue lime to cross above the Red line & the 0 level line.
Trade 1 Enter above 50 sma TP at 100 sma Trade 2 Enter above 100 sma TP top of range box @ 394.26 Watch Macd Blue line to cross above 0 level line and stay above it
There maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.
My first entery was @ 1.6359. While I was making this post my second entry @ 1.6315 was hit. My TP will be the 50 sma. If price continues to fall and crosses below the 100 sma to the bottom of the range, I have another sell stop @ 1.6225 with a TP @ 1.6190.
The longer the EUR hangs around the 50 sma the more likely it will be heading toward the 100 sma. So I have these sell stops already in place 1.1910. 1.1875, 1.1857. You can take a 30 pip TP on each or wait until they reach the 100 sma. SL above 1.1960. If the market continues to rise then I have on a second account a buy stop @ 1.2005. TP 30 pips.
upward sloping channel bouncing strongly off 50 day breaking out of falling wedge-measured move is $8- potential energy to breakout out resistance area of 125.0x area looking for minor pullback for a better entry for better r/r
SPX rallies today and has just now reached a strong daily resistance zone. The structure that was support and now should act as resistance... and the 50 days MA line will try to prevent SPX from completing the bearish Gartley near 2400 Key Zone - 2360-2365 Notice the Fast MA line (yellow) that can turn to support
Hey Traders! It's been awhile since I've shared an idea, I've been working on automating my trading strategy! AUDUSD is approaching a critical level presenting us with an opportunity to enter a 2-3 week short with a nice R/R. The pattern that caught my eye is the bearish 5-0 which I've had success with in the past for 4H-1D charts. In addition to this, we have...
Hi guys, I've had these ranges plotted for a few weeks now, and it's really helping me see this pair more clearly. We're currently underneath the 50SMA and have been for some time, but with the bullish pennant forming on the weekly, we may be in for some change. I've marked out some strong areas for support, and a long test wick candle. My bias will remain...
#AUDCAD Short & Long Idea (Bat Pattern, 50sma) #Forex @TradeYodha 1. Price may try to retest 50sma/200sma cross over to give us a short opportunity. 2. Target will be to complete advanced pattern where we will have another opportunity to go long
Hello Traders, After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through...