HMI

HMI

I will be waiting to see if PA can get up to the daily double top. I'll be looking to take a reversal trade @ the DT sell zone. This is a high probability setup and high probability zone. Since there isn't a whole lot of confluence for more sell opportunities i wont be looking for any other sell setups other then the daily DT at this moment. This trade is a...

HMI

Daily 3rd touch + Daily DT This is a good high probability setup i will be waiting for. (Lime green) (1) is the highest probability trade setup. I'll be looking for a reversal setup at the ToS followed by a 2nd entry oppurtunity after we get an impulse rejection down form the ToS (Blue) (2) Is a high probability zone valid entry setup. If price turns around...

HMI

This is not one of my most reliable pairs so i am not looking to take this as a reversal trade but it has good HTF confluence i will look for a High probability area valid trade setup. Price is at a good sell zone on the daily 3rd touch Daily trend line Corrective ascending 3rd touch 1h/4h wedge @ the 3rd touch daily I will wait to see a clean impulse down and...

HMI

ToS Daily/ weekly 3rd touch areas (Lime green) (1.i) Highest probability area high probability setup - Daily DT Near TOS (Lime green) (1.ii) High probability area high probability setup- Daily 3rd touch ToS (Light green) (2) High probability but slightly more valid setup - weekly 3rd touch (Blue) (3) High probability area valid setup - 1st correction entry...

HMI

Daily 3rd touch BoS 4h descending wedge/channel 3rd touch The highest probability setup is from the daily 3rd touch. This will be a daily 3rd touch reversal trade and then the impulse and the correction will be the 2nd opportunity to get long. (Lime green) The possible setup is from the 4h 3rd touch which could be just shy of the daily 3rd touch, hence why it...

HMI

My Gold outlook from last week hasnt changed much. However there may now be a short term sell position as price moves up into the overall downward trend line and the minor daily channel top trend line. I'll be waiting to see how PA looks when it reaches that short opportunity zone. There is a high probability that price will see 1445-1435 in the near future As...

HMI

Corrective 1h ascending channel PA into top reversal zone will tell me there is a high probability for a reversal to occur soon. We could also see a blow off top through the zone followed by a bearish engulfing 4h/daily which will then see a short move start. Medium term hold trade. Depending on the entry candle a 70c stop would see profit targets of 5.7R to...

HMI Updated 

Waiting to see how price opens for the week then i'll look for an entry if the setup provides a signal. 1h Entry - Trailing SL - No target

HMI Updated 

Waiting to see how price opens for the week then i'll look for an entry if the setup provides a signal. 1h Entry - Trailing SL - No target

HMI

Waiting to see how gold PA looks when price reaches the bottom side trend line. Reversal PA into the trend line will indicate a high probability (80-85% chance) of a move higher where as if i see continuation PA forming once price reaches the tread line then price will have a high probability (80% chance) of a move lower. If price rejects the lower trend line...

HMI

The market still looks to be in a downtrend on the 4h and on the daily. After the market bounced off and rejected the resistance downtrend line the trade was starting to set up. This trend line was created off the Daily chart. The AUDUSD Closed under the top down trend line after a rejection of the 0.77 high. I was expecting the market to move back up to 0.7660...

HMI

The AUDCAD tested the major buy zone and bounced right back out of it. It's a good trade based on the Daily and 4h charts. If we see a bullish candle close out of this buy zone then we will hold the trade looking to take profit around the 0.98 to 0.99 area. Watch this space. The RSI and Stoch indicators are no longer looking oversold and I am more inclined to say...

HMI

This will be the 3rd time the market is trading this area, with alittle bit of bearish price action and also the USD Index in a good place to trade up I am expecting to see this pair trade down to the lower bounds of this triangle/pennant pattern. I will look to take off half my position at the lower trend line and then watch the price action around this 0.7630...

HMI Updated 

The price is on the lower trend line of this wedge and it is an area of interest for me to get a possible long trade on if the price action is right. I will be looking for the candle to close above the trend line to form a Bullish pin bar. The pair has the possibility to hit the top trend line on the next move up however I will be taking at least 1/2 of the...

HMI Updated 

EUR USD is crossing the top down trend line and it looks to be a good area to look to put on a short if the price action looks good. Waiting for more signs of a rejection of the trend resistance line. RSI doesn't look extremely over bought so alittle hesitant on the entry still. I'll wait for some price action to confirm the entry, if we see a bearish Pin candle...