Go short the GBPUSD currency pair if it trades at 1.5325 or lower. If triggered, place your stop at 1.5555 and exit the position for a profit at 1.4871 or at your own discretion. (Signals are valid until price close above the lower band. Always invest wisely).
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Go short the CHFJPY currency pair if it trades at 127.09 or lower. If triggered, place your stop at 131.26 and exit the position for a profit at 119.80 or at your own discretion. (Signals are valid until price close above the middle channel. Always invest wisely).
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Go short the EURGBP currency pair if it trades at .7156 or lower. If triggered, place your stop at .7227 and exit the position for a profit at .7099 or .6996 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). Coming soon rules for this Simple Trading Strategies – Donchian Channels #1
Attached in the related ideas is was the original chart n the rationale behind it. After my target was just hit within the last hour, i managed to grab over 130 pips in profit for this pair alone. As it stands we are breaking down from uptrend over the last couple months to a full correction/ large channel sequence. Using the Green trendline as guidance for the...
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
Go short the EURUSD currency pair if it trades at 1.0912 or lower. If triggered, place your stop at 1.1128 and exit the position for a profit at 1.0553 or at your own discretion. (Signals are valid until price close above the RSI 50% line. Always invest wisely).
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
There is a current waves of strong bearish momentum of sellers entering the market in all angles. You can clearly see the Downward trend right now in which I am anticipating to continue. I'm not late at posting this time as I just entered right now with an expected target of around 130.40
I do already have a USDJPY short play currently but that is based on the 1hr chart, this is essentially the same play but enlarged on to the 4hr which offers me more room for profit. The expected target for this 120.50 as opposed to the 1hr chart, the target is about to get hit pretty soon
Despite the bullish trend on the bigger time frames, price is finnaly coming down for a pull back. This can be seen with the overall downtrend in intraday hourly charts and Im playing the downward selling momentum behind it Expected Price Target 121.00
Attached to this is the before image shot + the analysis n the rationale behind it. Price just reached its target now, banking in over 250+ pips in profit! Should price keep falling the CS levels are the ones to watch
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken. Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
Another trade that I'm currently in. This trade is based off the risk-aversion fear that is currently exists right now due to everything related to Greece and the Euro which is playing out across most equities indexes in general. As always, as long as the green trendline holds, I'm expecting further selling pressure and the downtrend to continue. My target is at...
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...