NZDUSD has finally broken the long bearish 4hr trendline and made higher highs. Price has also clearly broken and closed above the 4hr 50ema which was providing a dynamic resistance to price over the past few weeks.
I am looking to go long on the next pullback to retest the broken TL or 4hr 50ema.
I have the fibonacci retracement tool on the chart to provide a...
Here is my short trade analysis on EURCAD FX currency
4hr bullish trendline was broken this week with new lower lows made and lower highs on the 4hr timeframe. Price is now retesting the broken TL with multiple 4hr wick rejections of the TL and 0.786 fib retracement level.
I am going to target the fib 27% extension level which coincides with 1.48800 key support zone
Looking to scale in on my original EURCAD short positions now price is making clear lower highs and lower lows.
Aiming to go short at the Fib 0.618 retracement level which coincides with a retest of the broken bullish TL and the new bearish TL drawn on the lower highs. The 4hr 50ema should be in that area to act as a dynamic resistance
Here is a counter trend trade set up on the EURAUD fx pair. Shorting on the 3rd rejection of the 0.27 fib extension from the last 4hr wave. I will be looking to take this trade down to the 4hr bullish trendline and if that TL breaks then I will go for the daily fib 0.618 retracement level at around 1.59
Here is my simple analysis for gold after being long from $1270 and closing them at $1295 for a short position that failed. I was hoping that the daily bearish trendline would continue but instead it was broken to the upside.
I am now looking to go long on the next 4hr higher low to take advantage of the bullish trend. A retest of the $1290 resistance/support...
A very interesting week last week for the ES! (E-Mini S&P 500)
What with the tweets, corporate earnings and the continued trade war!
Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility.
There is much in the way of scheduled news events.
Sunday open could be either be a...
EURNZD is rejecting the weekly fib 0.786 retracement level. I am shorting at this zone with a fairly aggressive stop loss in the hope of a break downwards. I will be paying attention to the daily/4hr TL for a break or bounce and will remove exposure at this level.
Here is a simple bearish trend continuation short trade for Gold. Daily has made lower highs and lows and price is now approaching the bearish trendline again.
The fibonacci 0.618 sits just below the $1295 level so stops above the 0.786 fib and $1300 psych number would be the safe option.
Simple long trade based on the 4hr bullish trend making higher lows and higher highs. Price now has support at the bullish trendline, 4hr 50ema and the Fib 0.618
Stop loss below the 0.786 keeps me safe and can allow for a spike to that level before more bullish price action comes in to play.
Here is my simple trendline break, long trade set up on GBPUSD
The recent 4hr/daily bearish trendline has now clearly been broken and price has tried to form a new high on the 4hr timeframe. Price also broke back above the 1.30 key support/resistance zone.
I am looking to go long on a pullback and bounce off the broken TL and Fib 0.5/0.618 retracement levels....
Here is my set up for a quick counter trend short trade on GBPAUD.
From analysing the previous 4hr waves, price reacts very strongly to the 4hr fib 1.618 extension level. Therefore it should be safe to short at the current level around 1.86 and the fib extension of the last bullish wave.
Stop loss placed 35 pips above the 1.86 whole number level and I am...
Here is a simple short trade set up on EURNZD. Price has reached the midpoint of the daily 0.618 & 0.786 Fib level so there should be some nice resistance around here.
Price has now broken the 4hr bullish trendline and come back to retest it. In this retest zone we also have the 4h Fib 0.786 retracement level and the 1.69 whole number price level.
I am targeting...