Market maker basic rules on the trading strategy - LDN breakout, ASIAN consolidation, NY reversal.
M and W formations also lay in line with this strategy, as does the idea of a midweek reversal .
Will take any opinions as I'm a beginner with this strategy!
Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.
1.7RR Trade
Stop ...
I don't normally trade the NZDUSD but the chart looks very clean we the Pro-Trading System on it. Started to nibble on the short side today. I know the Dollar is playing out a 4th wave retracement and so we should be seeing the NZDUSD pushing higher but, we are I think this could be a good area to enter. Stop placement wouldn't be so far away and the reward would ...
Hello Traders!
This is my first published idea and very basic prediction for next weeks EURUSD currency pair. After playing around with many indicators and getting in a mess I'm now a big fan of keeping it simple. I'm new to the community and trading so any feedback will be greatly appreciated.
My back story:
Im 24 and was working for Bloomberg as a BI analyst ...
Back with another possible three drives pattern on atvi looks to be breaking out of that deep wedge would of liked to of seen a little more volume interest on yesterdays hammer but buying the third drive on atvi has been profitable on a couple of occasions for me so i will look to get involved just above yesterdays high targeting possibly 82-84.
I've had my eye on EURNZD for a while now, but more recently in the last week or two. The Euro has over the last week (actually since April 2017, but what's 12 months between ticks) staged quite the bullish run and the charge seems to be in full momentum (I should know on account of being on the wrong side of it recently and donating some to the market).
Most ...
Looking at the first two support line bounces from the up-trend line we see consolidation appears after an outburst in buying volume , followed by a bullish breakout of the consolidation period; flying prices higher.
Very similar set-up for the third support line bounce. Consolidation is currently occuring/breaking out to the upside, allowing us to open multiple ...
Price testing longer term trendline... also the 1.23 handle, and the highs from jan15 & jan19. Will be interesting to see if the trendline holds. Reward to risk is good at this level, ultimately aiming for the 1.25 area & 1.2550 highs and taking some off the table along the way in to the 1.24's. Intraday price is holding the s1 level so far, connecting the highs ...
The instrument has moved significantly low and we can determine this from the higher time frames on Weekly/Daily and 4hourly. Bears have overtaken the pair by a storm looking for further downside movement from now on till next week.
Be causious of fundamental analysis and enter trades once a clear brake has been defined on higher time frames however look on ...
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
