On daily, we are looking for a new down trend, a good confirmation is if price can re-test back levels forming an important lower high bellow the highest high at the Monthly 61,8% fibonacci. Our short term preferences are long to that level, We could take short term on 4H y 1H long positions on Dips, According to H1 up trend
Long based on trendline 3rd touch Additionally supported by COT data 80% Non-Comm Inst. Reportables Long USDJPY. (too late but will edit with a better write up later)
First trade of the week entering a short on FX:USDCAD . Last week wasn't the best week as I took losses on FX:GBPUSD & FX:NZDUSD but lets see how this week goes. Happy Trading :).
I have just been triggered into my FX:EURJPY short. Lets see how this plays out :).
This currency pair Is still indicating further movement to the upside. I have been holding this pair over the weekend and we will continue seeing further upside movement through out this week.
I think price might follow the pattern.
I have decided to enter a short on FX:NZDUSD . Price has hit my import resistance level and it seems to have been rejected. I expect price to decline from here. This trade will need some extreme patience as it was entered on weekly price action. If price does start to decline i will be looking to add further positions and will ride this down as far as possible to...
Trend line above has met price with also a daily resistance. Also there is a resistance met. Expecting price to fall to the 4H S/R.
Hey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling...
I have added another long to my overall position and have moved stops to reflect the latest position. Lets see how this plays out :)
Bear flag + bearish divergence! Low risk high reward trade! Watch the flag price action!
GJ follows harmonics very well i caught the buy from the break of the B point to the D point of the Bearish bat. Now that it has reached the 886% Fib Retracement in Confluence with the Fib Extensions, You wait for the rejection on Higher TF and you Sell. First Traget is to the 382% So you use you Fib tool measure from Point C of the Bat to the D point For Take profits.
Here's a trading plan I drew up for NAUT.
Expecting price to keep rising until it reaches the resistance and it falls to the resistance zone or fall to follow the trend line.
I expect price to go back up and meet the trend line or pass the trend line and meet the next resistance level.
I think price might form a head and shoulder, and i am waiting for price to pass the 0.75800 resistance and i will sell to the next resistance line.
I'm expecting price to hit at the indicated area soon and reverse. This is an area where two strong trend lines meet.