On the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias. On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better...
a possible enter on AUDUSD. comment below your thought :) cheers,
Strong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months. Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That...
Follow the Lines Eazy to understand... Follow us www.facebook.com
Gartley, triangle and resistance (selling) zone confluence to have a really nice short in the following day´s
Bearish Bat Pattern within overall trend of this pair. Trade YOUR plan! Good luck, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
On the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016...
$GBPTRY is also approaching the long term trendline. The oscillators are at oversold levels. In an uptrend, in combination with the other indicators RSI(14) at 40 levels always provide a good trading opportunity in the direction of the trend. Also, 61.8% retracement is corresponding exactly with the support level of the trendline. If you check the historical...
Morning traders! 1H Chart Have a great setup here with the possibility of multiple long positions. With a current target of (4) breaking back into the wedge confirming (5)'s target, This is a great opportunity for PRO or Ameture traders looking to make a profit. My tolerance for risk is sitting at about 85% upwards if my targets are reached. Note: This setup...
Both PT's hit with 204 pips on the table! Great trades with brilliant ratios.
This is not really a trade setup, it´s more of a little thought sharing on emotions, the biggest enemy for us traders. As you people that follow me knows i trade harmonics an insanely simple and very profitable way of trading, removes all subjectivity from trading with some testable, verifiable, and repeatable rules. I could not trade in January because i was...
Accumulative pips generated +146 pips. For today it's +40 pips. Happy trading people!!
As mentioned earlier $AUDUSD hit T/P at 0.7220 levels and retraced back in the short term. 3 trades opened in last this month all 3 hitting T/P for a cumulative pips accumulation for +115 pips. Stay tuned many more to come.
Hey everyone, I hope trading has been good to you. I just wanted to share how I’ve been able to stay successful trading FOREX in my short trading career. The strategy is very simple, and requires only 1-2 trades per day. The way that it works is by only taking high probability trades and only looking to gain 20 pips per day. Once you prove to yourself that 20...
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
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...