This Idea mainly is based on Clone level and PA. The daily chart is somewhat bearish, will trade according to the clone level and wedge for direction. I made this chart in September and was amazed by the Top TL guidance, and also the lower wedge TL was pretty good protected so far. This chart might still work for a while, so decided to share it, please make...
lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.
Testing out a new strategy using clones. Price will flirt with blue (90MA) line before breaking down to get back in trend. Entry in top red block or blue below after retest. Pay attention to trend lines and purple line (1000WMA) for exit. SL: 1.4680 TP1: 1.4481 TP2: 1.4431
Hope it drops sooner, this is just a simple clonage within this long term channel. Fundamental factors to consider, oil dropping further, BOC lowering interest rates this week, could wick out to 1.48. US bad data last minute revised GDP after market closed last Friday 1/15, if USD starts dropping this pair could just go sideways for a few weeks. The risk for...
Nice and simple clean analysis on GBPUSD daily chart. Diagonal rays have been respected for majority of the year, a breach of these rays suggest break out The proportional clones give me an idea of the size of potential move. Fibonacci retrace level based on distinctive High/low points from beginning of the summer. Potential 61.8% reversal occurring, for the...
Longing this pair if we see a pinbar/doji/inside bar in the green box. Both the two "waves" are practically identical: 1: Both (hopefully) hit the trendline at the ~40% retracement 2: There is a 100% extension of the first move right at the ~40% of the second move. Stoploss and profit level is shown on the chart. When a 1:1 risk:reward is met i move sl to...
Shorting this pair if we see a pinbar/doji/inside bar in the green box. Both the two "waves" are practically identical: 1: Both (hopefully) hit the trendline at the 61.8 retracement 2: There is a 100% extension of the first move right at the 61.8 of the second move. Stoploss and profit level is shown on the chart. When first profit is met i move sl of the other...
Making my first try at clones. Both the 100% extension (yellow box) and the 0.5 retracement of the two moves (orange box) coincide at approximately the same price, meaning this is where we will go long (blue box). Hopefully the trendline will hold and take us to the skies. Our entry will be a pinbar/inside bar/doji at the trendline. Our stoploss go a couple of...
Cheeky analysis of AUDNZD - A lovely pair to trade technically, this beautiful range has seen us through the summer but is it finally time to break? The dimmer trend line is our first short signal. New low was created yesterday suggesting we have ground for a long time short, however we are currently sitting on channel support. It will be a very few interesting...