trend

I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.

AUDCAD recently broke above a descending trend line and has touched a resistance & came back down to touch the trend line from the other side. What we would like to see is a retest of the trend line/.382 fib retracement/support zone that price is near to find long entries. Stop loss would be placed below the trend line with profit targets listed on the...

GBPJPY was travelling in an ascending channel however it recently just broke out of the channel to the downside. Price has been performing very nicely inside the zones marked on the charts. I expect price to rise up to the resistance area (142.800) it is currently underneath (142.1 - 142.8) where it will also touch the top of the new DESCENDING channel price has...

GBP/AUD: Beginning with the monthly chart, we can see that GA is currently resisting off of the 1.8500 zone which it has done in many previous tests. As well as this, we also have a support level on at around the 1.7300 level which in previous tests has proven to be a strong level of support especially. Dropping down to the weekly chart we can now see the true...

Having closed above a previous strong support level of 1.8760 and seeing that stochastics on the 4 hour time frame are forming Divergence i am waiting for bullish candlestick formations at this level to go long up to the 1.8836 level to take profit. My stop level is 1.8730, although if Gbp/Nzd breaks and closes below the 1.8760 level with a bearish candlestick...

Starting with the weekly chart on this pair, we can see that we are currently in a declining tend zone. having recently rejected a break out of the roof of the zone, we have our first confluence that we are looking for short opportunities. We then drop down to the daily timeframe where we can see that price may be coming back up for a retest of the 142.83 level...

With stocks recovering from black December, looks like GOLD is weakening. Those two candles are hinting a downtrend may start. I need confirmation to open a short. Remember Trend is usually a great friend here, so once we confirm a direction I would open a position immediately. The blue line is close to 1300, a critical spot for me. Let's keep an eye on this. (And the MA)

If price touches the lien we will try look for the most optimal position and try catch main target of 60 pips with 30 pip sl shown by the line

think it will start heading long according to trend line and tdi indicator lining up

Swing trade opportunity short potentially to take place over the coming 0-4 weeks towards the take profit area indicated.

Swing trade opportunity long potentially to take place over the coming 0-4 weeks towards the take profit area indicated.

Price was travelling in a large descending channel marked out by the large BLUE lines. After the slight recovery from Theresa May's destruction of the pound, price found itself in an ascending channel which managed to actually break the BLUE DESCENDING CHANNEL to the upside. You still with me? HOWEVER, price has now found its way back into the descending channel,...

GBPJPY Broke the trendline and retested, expecting a drop towards the next support level

After breaking the bullish trend, I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top and it looks like a bearish trend is being made due the formation of the most recent trendline. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.

USDCAD just hit the lower trend line. In this area we also have a major support and our 61.8 Fibonacci level. If the currency pair keeps respecting this area, bounces and breaks the trendline that it has created on the retracement, we will probably see a +600 pips bullish move for a long-term run.

The New Zealand dollar is following a similar path to the GBP/JPY, with the currency now starting to rise strongly on the daily currency strength indicator ( the grey line) and now crossing the Japanese yen ( the magenta line). Friday’s price action has helped to propel the NZD/JPY pair towards the key 75.00 level, and closing the week at 74.91 and with a strong...

The British pound closed with another solid week of gains across the GBP complex with the GBP/JPY continuing to develop bullish sentiment as the Brexit hiatus continues. Last week’s price action was supported with gently rising volume and the trend monitor has now transitioned from bearish to bullish sentiment and bright blue, with the yellow trend line also...

EURUSD has presented different opportunities and conflicting signals. 'Everybody' wants to know which way it is going. This is the wrong question. In this screencast I show different opportunities relative to trends on different time frames. Where price is going, depends heavily on which time frame trend you're stalking - and whether you'r willing to take a...