I am looking at a short trade on EURAUD.
There are multiple daily lower highs on that timeframe with price making a lower high last week. A nice bullish spike upwards last night is looking like a good discounted chance to get in short positions.
On the 4hr chart we have a CTL break, retest of this TL and the fib 0.618 retracemement level.
TP1 is at the fib...
Daily timeframe has hit resistance at this level.
I previously tried shorting on a flag pattern but it didn't work out. This is my next best short opportunity.
I am shorting at 1.33120 which is rejection of the upper TL across the 4hr lower highs and fib 0.786 retracement level.
TL break next - maybe scale in again.
TP1 is previous support/resistance zone
Short trade set up on GJ.
Lower lows and lower highs made on the 4hr.
Last weeks candle closed very bearish.
Weekend gap up not fulfilled yet.
Shorting at 140.200 with a nice 35 pips stop loss to keep it above previous highs.
Looking for a new lower low to be made for a 4:1 RR trade. Longer term target is shown on the chart at the daily trendline and previous...
Monthly and Weekly charts demostrate strong down trend. Daily and 4 hr chart indicate weakening buy signal and retest of previous 4hr lows at 1.108. Waiting for break and retest of current low (1.1) to execute sell trade.
I am looking to keep selling GBPAUD on the next lower high. It is continuing to make bearish waves on the 1hr/4hr timeframe charts.
Using the upper trendline and Fibonacci Retracement tool, it can produce some very good reward:risk ratio trade entries.
Entry Price - 1.86800
SL - Above TL and Fib 0.786
TP1 - New Lower Low
Check out my blog site for more free...
Shorting GBPNZD at the retest of daily pivot and fib 0.786 level.
These lower timeframes are showing lots of volatility but lower highs and lows now made. Higher timeframe bearish trendline rejected this morning.
Targeting a new 1hr lower low
USDJPY has made a nice pullback since last weeks sell off. Looking to short at this 108.800 level and target a new lower low to be made.
Price is back in my 4hr resistance zone and I will have my SL placed above the 0.786 fib retracement level incase price wants to go up and retest it.
Decent R:R of over 5:1 on this trade if it makes a new lower low
Got a nice short entry opportunity at 140.480 looking to take price down to new 1hr/4hr lower lows at 139.200.
Fibonacci 0.786 retracement level and upper bearish trendline in this zone. Stop loss above previous highs.
Although it appears quite choppy, EJ has made a lower low on its last wave down on this timeframe. I am therefore looking at the current rejections of daily R1 and the fib 0.618 level as a lower high.
I am shorting at the 121.00 key level and looking for a quick 4:1 RR trade down to new lows at 120.00
Price could break lower than that by I will manage to if/when...
Sell RBS (RBS.L)
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands,...
Here is a short trade set up using my own personal strategy.
Targeting a lower low on the 1hr timeframe for over 3:1 RR
Check out my blog for my strategy and more free technical analysis diaryofafinancekid.com
Long term short position on the Dow Jones entered.
Entered at 26750 (26,800 on my broker price feed) which is my previous support now resistance. Lower high, trendline in this zone and Fibonacci Retracement level.
Targeting new lower lows at 25,200
Nice 1hr bearish trend forming on gold. The bullish 1hr TL and 50ema have been broken.
Price is now retesting the daily pivot level, 1hr 50ema and previous support at $1498
I am looking to short gold on these 1hr pullbacks back down to the previous lows and support at $1460