NZD USD overall up trending momentum seeing Bullish signal on support trend line pull back, close to major 1D support area. Looking at 50 point stop, placed below the low of the previous indecision candle. Entry - looking for further bullish momentum to break previous candle high @ 0.6803 1.2 risk reward
Quick 3:1 scalp long bias after trendline break. 0.7% equity risk.
There are currently no trades open on the Nikkei 225. I'm just sharing my current important levels and the main trendline . I'll wait for one of these important blue resistances to break or reject the price before I get in the market. I'll update with a new trading diary if I get in a trade.
There's nothing much to add for this. Stop on break-even .
For those who are not familiar with the pattern: www.nobrainertrades.com Short on trendline break or upper resistance rejection . (Second case: keep your stops tight.) Long on upper resistance breakout. (Less chance of happening)
I sense it's a little bit risky because the entry is right where was the previous resistance/support (an important level overall), but the risk is adjusted and I feel confident about it.
Just entered this trade alongside the GBPCHF trade i just posted up. Similar anaylsis n rationale as their both GBP pairs and it is correlated. GBPUSD has been channeling the past few weeks and i believe that is finnally broken to the downside Expected target is around 1.5370 giving over 150 pip target on the 4 hr chart
I called a long play on this yesterday which i posted n it hit its target while i slept but it was on the hourly timeframe. This is pretty much the same trade just on the 4hr, anticipating the bullish momentum to continue. The extension of the target coincides nicecly of the high it made few months ago. Target is around 125.80 Attached is the hourly Long trade...
I just entered short on the pair after last friday's massive rally which i was able to correctly anticipate n profit off from That bullish momentum is clearly over and i was waiting all day on this pair for the correct entry to go short as im expecting bearish momentum to arrive. Expected target is around 1.0860 giving around a 70 pip target
On the bigger timeframe/picture I'm currently neutral on this pair as it hasnt really done much over the past few weeks. This is clearly shown in detail on the intraday charts. This is a pure technical play, where i'm trying to play monentum within the ranges. Expected target is around 1.5695
Just entered this trade on the hourly chart. This is inline with the other EUR Short trade i just posted earlier which is also attached in the related ideas. Rationale n analysis is also the same as I'm expecting bearish momentum to arrive. Expected Target is around 0.6970
Just entered this trade on the short side. Last friday we saw a massive rally across most EUR pairs and for many EUR pairs that upward momentum has ceased. This is highlighted by the yellow box where the trendline angle has been broken. Been waiting all day for this entry and it finaly was triggered. Expected target is around 1.4290 giving it a over 90 pip ...
Just entered this trade as I still believe this is bearish momentum for this pair and the AUD pairs in general all across the bigger timeframes. For that reason, i've decided to play that out on the hourly w a expected target of around .7255
Just entered long on this pair more because of the Aussie weaknes then sterling strength even though sterling is showing strength across the board. The uptrend and the bullish momentum is very clear both in terms of the intraday levels and on the bigger timeframes. Expecting that to continue, I'm playing it out on the hourly Expected Target is around 2.1715
I went short on this pair along with other EUR based pairs earlier this week and its all been successful. Now again, the EURUSD along with the other EUR pairs have broken the downtrend line highlighted by the yellow box and it is expected to go higher Expected Target is around 1.1050 I couldnt post the other EUR longs that I'm in now b/c my entries were...
Just entered this trade on the EURCAD. We broke the upward trend this week and we are now seeing a sell off for this pair along with all the other EUR based pairs. For that reason this is technical based play where I'm expecting further downside momentum to continue. Expected Target is around 1.4110
Similar to the EUR plays i posted but the opposite in this case. Im expecting the bullish momentum to continue across the GBP pairs and i just entered long on this pair Expected price target is around 1.5230