LewisBWalsh

LewisBWalsh Updated 

Looking to get into a Short position intra day under following conditions only. 1: Break of the current 4hr trendline 2: Break of the recent low 3: Break of the 50 EMA 4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe 5: Bearish confirmation of candle such as bearish engulfing, pin bar etc. These as...

LewisBWalsh Updated 

Ranging market with price at upper supply zone. Price at strong supply zone marked in Blue rectangle with current resistance met at the red line. Entry at current price SL at just above the supply zone at around 30 -40 pips to allow market to breath. Tp 1 at green line which is previous structure. Tp 2 at bottom of range for a possible 500+ pips. *Never risk...

LewisBWalsh Updated 

EURUSD Current downtrend on the weekly and daily chart. Short at a re test at the pink circle which is a recent high within the symmetrical triangle. Aiming to hit the lower trend line of the triangle with a break through and retest take profit 1 here. A break of the recent lower and daily support to take profit 2 at 1.063 SL @ 1.09223 = 30.5 pips TP1 @ 1.07979...

LewisBWalsh Updated 

Bullish pennant formation. Retracement within the flag to 50% measured on the daily chart & 4HR support on the recent low, price hit and pushed up with strength. Break out on the 4HR chart of the pennant. Entry on retest on 1hr chart. SL @ 1.40064 (Just below the must recent swing low) 90 pips TP1 @ 1.41844 89 pips TP2 @ swing high @ 1.46722 480 pips Overall...

LewisBWalsh Updated 

Hi there, We have had a current downtrend on the EURAUD with multiple attempts to break the current downtrend. Price has round key support at the 1.70162 area and has since formed a possible double bottom at this key level. We will monitor the next attempt to break the trend line and wait a re-test, once a retest has occurred it gives a good buying opportunity...

LewisBWalsh Updated 

Hey there, We have a currently broken ascending channel on AUDUSD with a retest leading to a possible short position entry. The pair for the most part has performed as a ascending channel should, on price reaching the upper resistance at 0.64433 it had to two goes at breaking the upper resistance and failed. On reaching support and testing five times at 0.62811,...

LewisBWalsh Updated 

Hey there, Today on USDCHF we had a very strong bullish move on the support level around the 0.96600 area. Throughout the day the price action broke through two clear resistance areas one upper structure at around the 0.97200 area and continued up to the upper trend line on the symmetrical triangle. Price action pushed through and re tested both the upper...

LewisBWalsh

Hey, Breakout on the 4 hour an 1 hour wedge. SL at red line Entry on re-test/first green line area TP at second green line Thanks

LewisBWalsh

Hey all, Price bounced of demand zone @ 1.79391 leading to a breakout of downtrend and previous upper structure. Awaiting enter on retest and confirmation of structure support. TP @ 1.80782 for 136 pips Thanks.

LewisBWalsh

Hey all, Good setup for a short position if we can get a retest on the light blue line of broken structure inline with the longer term downtrend. Thanks

LewisBWalsh Updated 

Hey there, Possible intraday short setup. After USDCHF hit key resistance at 0.97972, began to look into the 1hr and a chart Head & Shoulder pattern is forming mark by the red arrows. *Please note this pattern is only confirmed when it breaks the neckline and fails on re-test.* Therefore keep an eye through a price alert on the neckline area price. Another key...

LewisBWalsh Updated 

Hey Traders, Risk Reward 5:1.4. Looking down to the 1HR chart on SPCE there is a falling wedge pattern forming after a nice rally up from price at $10.00. Today price tested key levels of support seen by the green arrows. Price hit a double price support at 16.02 and has pushed up with an attempt to breakout. As always wait for the breakout and confirmation of...

LewisBWalsh

Hey there, This is a continuation from Yesterdays post on a short position I took on GBPAUD which hit our take profit with a decent 4:1 risk rewards ratio. From the chart we can see 4 bearish confirmations: 1: Descending channel 2: Inverted Head & Shoulders pattern 3: Fail retest of the neckline which was previously a support area, rejected the test and...