as you can see, NZDCHF has been ranging for a bit. it retested the 200 ema, broke my channel trend line, and created a head and shoulders pattern on the 15/30 minute timeframe. this is my confluence. i believe that the pair will continue to sell into the next demand zone.
this goin to hell, i think... FX:NZDCHF
One’s a Goodyear. The other’s a great year!.. ;)
GBPJPY - if you followed my last analysis on GJ then you'll know we reached around +80 pips from the Trend Line touch. Now we can see the pair pushed down and broke the trend so all we will do now is wait for the pair to push up to this trend and then we will sell. This will be a lovely trade coming up be ready...
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USDJPY, we traded this last night into this morning and made a nice profit on it. This has now come back to retest massively as you can see from that bullish candle. We are now looking for this to drop so have entered a small sized position on this to hold over the...
The H4 Rejection Wick confirms this uptrend. Pure Price Action Trade - no indicators...
Stop Loss set below previous wick although could be lower below Key Level (0.656) for insurance.
TP is set at a 1 to 1 (Risk to Reward), although if we can continue upwards. I will use a trailing stop.
Caution ! - we are near extreme highs and any positive fundamentals for...
You can see the downtrend was started from breakout.Currently in five minute timeframe USDCHF
sustain under 200 exponential moving average(EMA)
My trades are running as per my strategy.
I am currently in a Short position.
You can see the target in this picture.
Feel free to ask anything in PM.
very very simple setup up , nice reject on the previous lower low support line look to continue this down as its in a very clear downtrend . super simple strategy just using clear trends and break and retests.
1) Price has reached manjor support on the longer term charts
2) Price has broke the downward trendline and now broke the 0.6706 price level
3) Price looks like it is retesting this zone
1] If price rejects this zone then price may be driven to the upside
Looking for a Long (Buy) trade. Risk to reward is roughly 4 so it is favourable.
For my free shorter term...
No point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now.
Updates to follow.