Hi traders yesterday I putted EURGBP and USDCHF into my watchlist one is on the daily the other is more intraday wich is now the euro pound I'll explain you why I would go Short on this pair because I do see an decent oppurtunity here. As you can see this pair is heavily bearish price has fallen more then 4 percent since early may No signs of exhaustion . I...
Ok so I've done my analaysis on USDCHF and I'm looking to short it if it meets my requirements. As you can see this looks like a good technical setup we're in a range market but in a bearish trend on the 4hour chart. If price gets to the trend resistence it will be very likely to fall back down to around 0.92000 hitting a key resistance level and RSI could get...
After a very bearish move previous month the dollar recovered by 80% and founding resistance back at the previous trendline ,potentially bounce back off to around 107.850 wich has been a strong support level. RSI shows a divergence that could turn this pair back bearish again the long term trend is also bearish. Other then that there are 2 main economic events...
Today on monday 16th I decided to go Short on USDCHF mainly because It fullfills my trading requirements there is this wedge pattern with a Strong RSI divergence going on and price is almost at a key resistance level that couldn't break for a while making this a good risk&reward BUT tomorrow 12:30 UTC there would be alot of volatility going on with the US CPI...
On 9/05/2016 I took a SHORT position on USDCAD and again it's good to recap your open trades in the weekend where the markets are closed. Out of my 3 trades this is probably the most risky one because my STOP needs to be placed pretty far above previous support even when risk&reward is positive our loss would be noticable. TARGET has been rised to previous...
On Saturday 9/05/2016 I decided to take a Short position on EURAUD and decided to do a recap because it's important for me to just take a look what has happened previous week we had some important events. So things didn't went as expected but still we aren't losing alot we are close to break even and I decided to reduce my risk by moving stops lower just above...
Hi everyone today when analzing the markets I found a few ideas I would like to share to you and all of the trades I publish I then also trade them. 7PM UTC : Bulls push price above previous resistance but now without indicating a weakness.Then price stalls got overextended and formed a rising wedge + RSI DIVERGENCE and RSI OVERBOUGHT again making or probablities...
Hi there , Today I took a trade shorting USDCAD and decide to trade another pair wich I found an oppurtunity to short EURAUD EURAUD developed a rising wedge pattern and showing RSI Divergence indicating a weakness wich highly increases the probabilty to turnover and head down. What I see Is this pair heading straight down or for a potential head and shoulders...
The us dollar struggeled hard this year versus the canadian dollar after seeing such a bearish pair and it got overextended around 1.25000 and formed a wedge pattern then ISM caused the pair to skyrockedto around 1.30000 hitted the previous top indicating a weakness in the zone from the RSI and a rising wedge pattern and could potetentially fall back to previous...
We saw this week EURUSD finally break above the 1.55000 since august 2015 but rapidly declined back to now around 1.40000 resting there but will likely fall back further to around 1.13000 finding support at the big daily trend
Hi guys let's start off by showing you some technical analysis why you might consider to go long on AUDUSD This pair seems to be bearish this week but clearly shows a wedge pattern wich indicates trend weakness either going to retrace or reverse further bullish It's the non-farm payrolls and unemployement that are going to dermine if a reversal would...
when looking closely at the 1h chart I found a 618 retracement hitting against the previous support Looking at the daily this pair is heavily bearish that's why I am going with flow small wedge pattern formed hinting this retracement loses strenghttake 50percent off you positions at previous support around 0.94500 and keep the rest running because it wouldn't...
Let's start with some technical analysis when I looked at this pair I found a valid rising wedge pattern potentially falling to 1.48000 area either bouncing off and forming a head and shoulders pattern or fall further below 1.46000 Then I saw a weakness because of RSI divergence potentially falling below the wedge support trend and falling to the previous trend...
after a steep decline the pair got stuck around the 111.500 level indicating a weakness in trend that eventually formed a head and shoulders pattern other that that zooming in the hourly there is an indication that the trendline of the pattern will break because of the strong pennant pattern recap ; multiple patterns indicate a move up stops can be placed...
End march we saw a sudden strenght on yuan but recovered back to previous resistance. Now we are back very close to previous resistance and price is either bounce of or breakout but it seems that the bulls are back losing momentum and the resistance is likely to reject price lower to the previous support trend wich is at around 83.000 The RSI shows divergence and...
I am comparing the sp500 with the pair USD JPY to see If USD could continue to fall or yen to strenghten From a Technical standpoint I am using structure based strategy to short the sp500 a head and shoulders pattern has occured and previous key support trend has become resistance and a break with the neckline and the green support line would mean price could...
This looks like a very good setup from a technical standpoint the bullish trendline has been broken previous week and is now heavily bearish with a recent retracement and is going to drop further through the 618 and previous key retracement and could potentially become a support level. The trick is to add small and add more positions when consumer price index is...
Ok so let's start off by previous week we had a very defined downtrend because of the strong yen But now It looks like the trend is losing momentum and got overextended a good time to buy and I see this as a counter trading oppurtunity I used from a technical strategy the fibonacci levels that I had drawn for you but I kept it simple for you guys. On The daily...