Retracement to 61.8fib level for short opportunity. Trend continuous trade with good R:R ratio SL: 0.77277 Entry: 0.76693 TP1: 0.76140 TP2: 0.75106 Split trade into 2 or 3 portions, take 1 portion out at TP1 and move the stop loss to entry price and let the rest play out by itself. Swing trade 3-5 days, be patient!
Pretty simple trade to close up for the Friday.
Last post: May 16th. See chart . Review: A continuation of the bear trend was likely with the confirmation of the bear flag. Update: Price has indeed weakened further with another bear flag a possibility by the end of play today. Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken. Any comments or...
Last post: May 15th. See chart . Review: We were waiting on price to confirm a breakout by the end of the trading day. Update: The breakout was confirmed. Price is now suggesting another breakout in the form of another bull flag. Conclusion: A confirmed bull flag will strongly suggest a continuation of the bull trend and offer another long entry point....
Last post: April 26th. See chart . Review: A retest as support was expected following a break through key pivot resistance. Update: The retest was sometime in coming. A break and close above May resistance is now needed to suggest a trend continuation. Conclusion: Standing aside for now until the breakout and trend continuation has been confirmed. Any...
Last post: April 29th. See chart . Review: Waiting for price to break and close above 1.2000 resistance to suggest a bull trend continuation. Update: The breakout failed to materialise with the bears coming in strong. Conclusion: Standing aside and focusing on trends in progress. Any comments or questions, do not hesitate to leave them below. Hit agree if...
Hey guys, Interesting to note that the current price is holding on the median line of the pitchfork. I have added a hypothetical support at this level. Should price rebound from here, we could have an ascending triangle which is a bullish pattern. Tonight's closing could potentially validate or invalidate this idea. Trade with care! Cheers Jesse I...
Assuming the USD (DXY) continues to show strength in this week and in the near future, I will be looking to enter this market as a slightly longer-term position. If I don't get my desired entry around the 0.382 fib level, an alternative (and potentially safer) entry would be to wait for confirmation of a breakout to the upside and likely retest resistance.
Last post: May 13th. See chart . Review: A break and close above April resistance was required to confirm a trend continuation of the bull trend. Update: The breakout took place, offering a long entry, and a new resistance high has been created. Conclusion: Patience needed until the current May resistance becomes support. Any comments or questions, do not...
Last post: May 2nd. See chart . Review: A possible breakout and a close above the resistance zone around the round number 12.0000 was on the horizon. Update: Price failed to breakout and, instead, pulled back to the daily 50SMA. Conclusion: Price is now showing strength again. A breakout above is still required. Any comments or questions, do not hesitate...
Inverse Head and Shoulders in play after a nice double bottom at 0.7450. While GBPUSD and EURUSD have melted today and yesterday, AUDUSD has held on to the support level at around 0.7400. I expect price to come back to 0.7650 levels with a potential break of this resistance back up to 0.7750. SL - 0.7445 TP 1 - 0.7650
So guys, I believe we've got a short on this pair down to 0.87400 with a chance to buy back our shorts, possibly for the same amount of pips, probably more. Don't worry if our TP's aren't met on this trade as I'm pretty sure we can buy back our shorts on this trade very comfortably! LET'S GO! TP: 0.87400 .
Alright guys, I believe we could go long on this pair to the upside target of at least 0.72000/0.72400. Patience is key guys remember! TP: 0.72000/0.72400 .
I think GOLD could possibly reach highs of the 1340.00 HOWEVER. I'm just going to wait for the retracement then get exposure! (UPDATES ON THIS COMING SOON!)
NASDAQ COULD BREAK ABOVE 7200.0. I wouldn't be long on the index as of now, however if you're already long on this trade you could see highs of possibly 7400.0 . TP: 7200.0/7400.0
Guys we could possibly go long on GA! Prices could of course reverse to create lower lows, however if prices start to pick up bullish momentum we could see our targets met in no time! I think if prices rise above 1.80000 we could see some aggressive buying. HOWEVER YOU SHOULD BE SHORTING THIS PAIR REGARDLESS! LOOK AT MY LAST POST ABOUT THIS PAIR! STAY TUNED! ...