on DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then...
on WEEKLY: EURSEK is overall bullish making higher highs and higher lows, and it is currently sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes. on H1: price formed an objective wedge pattern in red, so we are waiting for a momentum candle close above its last swing standing to buy. we also have divergence...
Fridays move in Class 3 Milk Futures confirm a dowside breakout and potential new downtrend. SMS Strategy enters short at 17.14 with a stop at 17.48. Risk $680.
Took this long trade right before the daily close. Most of my analysis is on the chart itself. Making higher lows and we just made a higher high - indicators showing good momentum as well. SL is 1.5X the ATR TP1 is 1X the ATR TP2 high up there and I will manage this as it plays out.
Hello Traders Time for tactical trading Tuesday!! Today i wont be publishing projections as this is a daily setup and prices could deviate a lot. But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel. I will be updating with entry levels. No fundamentals in sight supporting euro in the near...
I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength...
Hello Traders Back with another tactical trade plan Today we take a closer look at USDJPY that has just broke out from an uptrend momentum. The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment. Here my entry point is based on the retracement on the break out point. If there is further...
Hello Traders Another Tactical Trading Tuesday at your disposal. Here we can see EU consolidating before the next big push. Any deviation from my initial projections will result in the trade being cancelled. Trade safe Trade well.
I'm still solidly bullish after milking this trade all day with astonishing leverage Since the run has started to show some slowing I've halved my leverage and widened my stop to cater for possible retrace and continuation. Has anyone else had a mad time trading this?
as you can see i've marked the point where the resistence rejected the price , about that the price is getting to the 61.8 level of fibo that is on the same level of the resistence , so let's follow the trend opening this sell position , if the price break the resistence we will sell again on the major trendline area ( the higher one ) let me know what you think...
Hello Traders. I present to you another tactical trading Tuesday. This time we are looking into two long positions both into a trend continuation bias. The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line. Any deviation from these projections will deem these entry levels invalidated...
Hello Traders Yet another tactical setup on my favorite pair. This setup is what I consider the classic case of resistance turning into support. The trendline was broken now looking to re-position my trades in a new upward momentum. If that doesn't happen further capitulation could ensue and possible test of 1.12 level. Trade safe, trade well.
Looking for the further breakout on NASDAQ:MSFT 105.22 to further downtrend all the way down to 84.81 levels back to last year's Nov prices after huge sell-out yesterday.
Hello Traders Here my new projections on the all time favorite pair. I don't think you really need anything more than a single trend line to determine entries/exits. Trying to take advantage on an intermediate downtrend formation. As my trend line suggests I am looking to go with this move and short the euro but the point in price will depend largely on the point...
Classic, pure trend following. Short entry on Daily timeframe for CAD/CHF. OANDA:CADCHF
Hello Traders, Following some negative inflation data from Germany and further upcoming bad data from EU tomorrow it would be surprising to see EU breaking this downward turn toward 1.19. Any counter trend trade would be an option only if the green trendline was broken. Until then there is no clear reason to buy eurusd. Apart from the fact that the overall trend...
Rectangles are important zones to look out for bounces, btc will remain bearish until it breaks the upper resistance parallel trendline.
Rate my setup, share your opinion. That's my first post, hope isn't last. :) My experience and analyse predicts bearish move.