SHORT GBPJPY Entry: 145.725 SL: 146.500 TP1: 143.800 TP2: 142.200 Market reacted below descending trendline resistance. Similarly, MACD indicator showed a bearish cross signalling for market to go lower. This trade was entered yesterday but I forgot to publish it. However, as expected, market has moved in my direction. I have also moved my trailing stop lower...
SHORT AUDJPY ENTRY: 78.695 SL: 79.045 TP: 77.500 Market reacting below descending trendline resistance. Market also holding below it's natural MA (34). We see that price respected MA (34) quite often in the past. Stochastics also shows a reversal with room for further downside potential.
Short Gold Entry: 1299.05 SL: 1313.15 TP1: 1266.25 TP2: 1254.75 Market reacted above descending wage support with price closing above EMA (21). MACD still in bearish territory however, showing a golden cross signalling a possible reversal. Wait for a pullback to short below 1299.05 where also happens to be descending range resistance.
Watching the $9.31 area for a bounce at or before to help validate a H&S continuation pattern. Could still hit $8.92 on the downswing, this would also keep our H&S pattern alive, anything below will invalidate. If we break that and go lower I am bearish. RSI approaching oversold conditions, as well. This tells me we have a good possibility to bounce at the neckline.
Closing triangle pattern could indicate a breakout shortly. Currently the ROC & MACD Oscillators are indicating the same pattern as the price trend (upwards), therefore convergence...a buy signal. MACD line cross above the Signal line as well as the ROC point upward are both buy signals. Let's see how this over night trade would play out. This is just charting...
Short GBPJPY Entry: 146.015 SL: 146.900 TP: 144.200 Market broke below ascending trendline support (now resistance) H&S pattern seen forming Market holding below EMA and MACD now in bearish environment
$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30%...
USDCAD Is Struggling to break the 1.3450 Zone Looking for bearish price action below the blue line to send us short With a strong push it should break the daily channel to the downside come up for a re-test and continue downward RED:SL BLUE: ENTRY GREEN:TP NO PRICE ACTION NO TRADE!
I am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques. I have done some analysis on the GBP/CAD . The analysis has been done on the 1 hour candlestick chart with the trendline being drawn on the 4hr and I will be keeping an...
Long USDJPY Entry: 110.655 SL: 110.33 TP: 111.42 After the crazy impulsive move down, market actually rebounded. Price is now testing ascending trendline support. Market is also holding above EMA (17). MACD is now testing 0% level and has moved up into bullish territory. This is a short term play with a simple risk reward of 1:2 Market pulled back and...
Short GBPJPY: ntry: 147.105 SL: 147.85 TP1: 144.850 TP2: 143.5 After a strong rally upwards, we see a divergence between momentum and price. RSI (21) has also crossed into the bearish territory below the 50% level. Shortly after which, market broke below the ascending trendline support (now resistance). Price has also closed below EMA (34) which has acted...
Entry: 0.71465 SL: 0.7185 TP: 0.705 This trade was knocked in this wed (27th Feb 2019). The reasons why I went short is listed below: Whilst market reacted above the ascending trendine support (in red), it failed to surpass resistance at 0.72100 Market then broke below ascending trendline support and also spiked below 55 period EMA At the same time,...
Two scenarios, two ideas, at this point I am leaving it up to the market
This was quite a simple set up though admittedly, the risk reward wasn't great. However, when presented with an opportunity, I will grab it. Here i saw market reacting above ascending trendline and also holding above EMA34. MACD was also in a bullish environment. Market was also testing a very key long term trend level at 1.135. I set my entry at 1.13525 and...
1st Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 Short order was triggered yesterday after market pulled back to the descending trendline resistance (dotted line). Market however surpassed this line and seemed to be heading for a bullish breakout... However, it reacted just nicely below the resistance at 0.71852 (thick neon blue line) to form the right...
Short GBPNZD Entry: 1.90535 SL: 1.91 TP: 1.855 Entry was triggered overnight due to the spike, which also coincided with the pullback towards the descending trendline resistance. Now market reacting below the descending trendline. Bearish divergence noted on 21 period RSI RSI also reacting below descending trendline resistance where market reacted in the...
Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous trade...