Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Swing trade idea, Long CREO.
Looking for the pitchfork to continue holding.
Exit if the pitchfork is broken to the downside.
First target at the median line of the pitchfork.
Second target at the top of the pitchfork.
THIS CHART IS FOR A GUIDELINE FOR THE NEXT COMING MONTHS. I WILL BE LOOKING AT KEY FUNDAMENTALS OVER THE NEXT FEW MONTHS TO ALSO HELP MY JUDGEMENT FOR THIS PAIR. CURRENT GLOABL AFFAIRS I AM LOOKING AT ARE; US TRADE TALKS WITH CHINA, US TARIFS WITH MEXICO, WAR TENSIONS WITH IRAN. OIL SUPPLY AND THEIR I WILL BE LOOKING AT THE NEXT INTEREST RATE DECISION CURRENTLY...
GBPUSD is oversold on daily and has broken out the 4H descending trendline. Im now waiting for pullback to 1.2668 before going long.
The 4H 20EMA and 50 EMA have crossed over giving further confirmation for the change of trend direction.
Target is almost 200pips, at the daily 50EMA which lines up nicely with the previous low swing, a strong resistance level and...
- Price has broken out the ascending channel and the 4hr hour trend line.
- Market structure has also altered, as price has now created a higher high suggesting buyers have more power in the market than sellers.
- The change in market structure has occurred at monthly support suggesting a move back to the upside.
- Furthermore the change in market structure has...
Trade Type: Position/Swing
EURAUD is approaching the area where there was the huge manipulation at the beginning of the year to mitigate. A lot of people are in sells currently which makes the market more likely to push up to take them out, before a long term bearish run. AUD news approaching and I expect AUD to temporarily spike...
We have had a break of market structure, we broke key support on the 4 hour time frame and we are now retesting as resistance. We also have the third touch of a key descendent trend line on the 4hr and we are sitting on in and around the 61% fib level which is key. Id like to see a lot more downside to this pair. My aim is the reverse -27 fib level for my final...
Ascending triangle is seen with the assistance of the TL. The price has stalled at the current Resistance zone create a triple top. I would like to see the TL broken before placing a short position trade with stops just above this TL.
Basic price action, broke key Resistance line on the upwards scale. GBP is technically over bought and should fundamentally be worth 0 with all the brexit shenanigans.
Looking for a semi drop before a consolidation period followed by a larger progressive fall.
As you can see, this is a great swing trade setup. However, I will not rush into this pair as I will be waiting for confirmation to go short. My TP is where a gap that was created on 24 Feb will be filled.
Trade safe and good luck!
EU broke a huge consolidation area and that can be seen with the broken counter channel. Price is now retesting that breakout and could possibly fall further to make new LLs and LHs at 1.12000. with that being said, be careful of the potential double bottom for a new rally to the upside.
Follow risk/money management, there is plenty of time to become millionaire.