Reason for shorting this position is due to the text book double top patterning. Stop loss for this trade is currently in profit, this is a risk free trade. Stop loss is adjust from the 15 minute chart to new LH formed. THETRENDISYOURFRIEND.
Stay safe people.
Hi Traders,
Today I am looking at NZDUSD on the 1HR TF as we have recently seen prices rally but we are beginning to see buying pressure lose momentum as price action moves within a ascending channel and respecting .610's even handle (Structure resistance). I believe we may see prices decline into the highlighted areas of structure following this slow down in...
I am looking to sell GBPUSD, Wait for clear bearish and sell at sell area and take profit at TP 1 40 pips potential
Trade at your own risks, Safe trade
Looking to sell from sell area one and take profit at area one (potential 30 pips)
Enter on price action and reversal candle,
Trade at your own risk and Trade safe.
Give us a like or comment if you use this signal, or any feedback much appreciated
4 Previous touches on that trend line, and now some bullish candles appearing. I bet a lot of people are wanting to join in right about now. And if you are tempted would your stop loss not be where I have put the trade prediction?
Well if I can see that, big banks and institutional traders who get paid a lot more than me can see it.
Apples for the taking (I...
OANDA:USDCHF
USDCHF 240 Short setup
- Price has recently broken the longterm trend
- Now in corrective wave
- Lower low waiting on confirmation of lower high
- Will allow for possible false breakout
Wait and see.
Bought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel.
Looking to swing trade tops and bottoms as long as we are in the parallel channel.
I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current...
Zooming out, we can see a previous channel being respected.
Interesting indicator, the MA ribbon. I'm researching trend following lately, and this seems like a nice way to get a bigger picture, timing longer timeframe entry and exit points.
Entry / exit is not everything of course.
Full disclaimer, I am a hobby trader, self-taught, only a couple of months in etc...
DR. The market has crossed and closed beyond the VIDYA baseline, with my other indicators saying to go long.
First TP 0.66676
Second TP 0.67344
SL 0.65885
Price has dropped down to a support level as shown by the horizontal trend line. this support level is based off a higher time frame from what is on the chart. I have also taking my RSI indicator reading into consideration which all let to this BUY for me.
will be taking a risk entry as a flag pattern has formed. Stop loss will be 20 pips making a risk to reward 2.5:1. will be a short term trade. This trade lines up for the third touch of trend line as well as a triple top. So alternatively when target is achieved will be looking for sell set ups. Any alternative views please feel free to share.
Last post: May 17th. See chart .
Review: Price was trying to make new all-time highs.
Update: The market has reversed since then and has now broken below a major support area.
Conclusion: We need to see if price will remain below the support area then we can look for shorting opportunities.
Any comments or questions, do not hesitate to leave them below....
Last post: June 15th. See chart .
Review: Price was pulling back after being in a nice uptrend.
Update: Price is stuck inside the consolidation zone and currently at the support area.
Conclusion: We need to see a breakout of this consolidation zone before looking at any trading opportunities.
Any comments or questions, do not hesitate to leave them below....
Last post: September 6th. See chart .
Review: Price had pulled back below the support level.
Update: Price is now back above the support level and making new highs again and is up 395 points.
Conclusion: We will be looking for long opportunities when we see another breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Last post: September 3rd. See chart .
Review: Price was making new all-time highs after breaking out of resistance.
Update: Price is continuing to make new highs and still looks strong for long opportunities.
Conclusion: We will be looking for long opportunities when we see another breakout.
Any comments or questions, do not hesitate to leave them below....
