Price has behaved exactly as expected so far this week and presented us with several opportunities. This was a clean short taken last night, exactly as forecast at the beginning of the week. Price pulled back to 50% of the main move down and then gave us a confirmation entry on the lower time frames. We are still in a higher time frame down trend, however price...
Just posting a quick analysis to follow yesterdays forecast. This trade set up just after the forecast that was posted yesterday. At the time the forecast was posted we were still in a down trend on the 15 and 5 min time frame, and we had a 1hr range marked on as the area to go agressive at. Because price had rebalanced to the 50% of this range we knew price...
Just posting a quick analysis to follow yesterdays forecast. This trade set up just after the forecast that was posted yesterday. At the time the forecast was posted we were still in a down trend on the 15 and 5 min time frame, and we had a 1hr range marked on as the area to go agressive at. Because price had rebalanced to the 50% of this range we knew price...
GBP/CAD: • If price pushes up to give us a confirmed second top and then it pushes back down to give us a confirmed second bottom, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart if the last part of the most is corrective. • If this setup doesn't present itself then I will simply wait...
EUR/JPY: • If price impulses down below the low of our most recent piece of structure, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the correction. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan...
last night we executed a few trades prior to the New York market close and before we went to sleep, this morning many of those trades were in profit and one trade reached its Stop Loss while the other reached its Take profit. - FTSE SELL / STOP LOSS - XAGUSD SELL / TAKE PROFIT While the other trades, such as AUDUSD and GBPUSE were in a decent profit. Since...
Here's a quick recap of how we shorted XAUUSD this morning at the London open and banked over 10k profit. We traded a reversal in price coming to the 30% of the fib retracement, from the recent high to the recent low, RSI was up at the 70 level and it was all connected with a trendline. This is a classic example of the trade setups we take. Questions are...
Good evening everyone, This video is just to go into more detail on the charts I sent out into the group earlier today. We have been taken out of USDCHF for 25pip SL, well done to those who avoided the stop hunt. I'll still be looking for a short on the pairs as the USD is showing weakness across the board. The pairs are not yet breaking the previous days...