Still holding a buy, moved SL in profit. With the current price movement we might get stopped out.
DAILY
151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well.
4H
152.80 gave...
We were also triggered in here, but SL was moved into profits so we were stopped out. Wen in again and fully got stopped out. Now we refine what the market is telling us.
DAILY
151.97, our peak and our ceiling. Looking left what we are waiting for is a drop and a painful one. The dollar (DXY) has also given us signs of a drop. So we will plan and wait for the...
Hello Traders.. We are taking a look at a different Pair today. The Monthly timeframe and Weekly timeframe really pushing the highs of the range over here. Will CPI be the catalyst to Spaceship us out of the range finally? Or do we still need some more time to gather liquidity and pullback. We pulled back today, Tuesday April 9th, as buyers got gun shy and Sellers...
UPDATE
We got into a trade to the downside but pulled out because of SL in profit but for the idea we had, we did well and we did fair. This is not your fathers market hence we put SL into profit.
DAILY
151.20 this is our ceiling and we are fighting to breakthrough this price. If we do, then we having a cool time. Yet look out for the drop should the dollar index decide otherwise.
4H
151.70, we are bouncing here and this is supporting our push to the upside. It still is not enough for us to place trades (longs), we just wait for more...
DAILY
152.10 is our strong ceiling and we are playing around here so we can be looking out for possible trades.
4H
NFP gave us the push we needed after being stuck for quite some time and we were forecasting in the same direction. So this week we can look out for trades.
1H
We'll first wait for the 152.00 touch and rejection / breakthrough.
15Min
151.80, should...
The forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper.
DAILY
We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing.
4H
Bull channel and we hit the bottom of...
DAILY
All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction.
4H
Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it...
UPDATE
4H
We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction.
1H
We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to...
WEEKLY
Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement.
DAILY
152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation.
4H
It's just more consolidation, up and down, averages no...
We are still waiting for the move. This rejection of the price 151.50 is an indication that price is being squeezed. We can therefore anticipate an impulsive more.
Third touch and rejection of 151.80 (1st confluence)
Engulfing of the previous candles(2nd confluence)
Impulsive break of previous low (3rd confluence)
I see no reason to hold back.
Trade Idea : Sell Stop (waiting for rejection and continuation)
SL - 151.35
Entry - 151.05
TP - 150.05
We are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain.
Wait for the break of the current channel.
Waiting for retest
Enter
- Those are the rules for this idea before we even enter.
It looks tempting and a break of 151.200 looks like the...
Had a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there.
Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening...
We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
UJ has some amazing bullish momentum behind it- and I am looking to continue to ride this trend and long it!
I am waiting for:
1) At least a 50% retracement and price coming into the daily fair value gap: Checkmark
2) A Liquidity sweep of previous days low
3) Market structure shift on the hourly and attack
This is looking like a very yummy LONG!
Follow and...
