About meMy trading Philosophy : Keep it simple
1. Have a system that you trade. Mine is (Only enter trades in the direction of D1, H4 trend. At or near Trend lines in zones of price flip (ie areas where old support turns into new resistance
2.Control your risk.
I expect down trend to continue. if the H1 retracement trend line is broken
Fundementally, the USD dollar is currently weak with all the quantitative easing etc
Once again, I hope my charts are clear enough
Any questions, catch me up on telegram ; check my profile or leave me a message here
Again I hope my chart is self self explanatory, Keeping it real simple
We are buying this par after a retracement, for uptrend continuation.
TP is marked in purple zone
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Price in the zone of lower H4 channel support
We are already in this trade, best to wait for a retracement, then join the party . I hope my chart is self explanatory. I keep it simple
if any one wants to join my trading community, please check out my profile for my telegram
Any comments? please feel free to share below.
In the context of a downtrend, a break of small the trend line in blue could see EURUSD crash towards next support at 1.11480.
I keep my analysis simple,I called this trade earlier in my VIP channel. If you want simple analysis, please look us up on telegram. see profile
So from looking at this CHFJPY H4 chart, I believe that a retracement is now in progress that should lead to at least a 50% correction
We have a new channel forming, and I expect price to respect this channel all the way down to 50% fib and possibly 61.8Fib
This provides a short sell opportunity
Any questions or want to learn how to trade, please check...
We can see that AUDNZD is in a up trend
has retraced all the way back to the 1.07513 zone which has previously acted as resistance, now new support ? This would be my entry if this holds
TP would be the most recent resistance
SL will be jut below the last low as we don't want to be in that trade should this structure break down
Any questions ? or want to...
Here we see GBPNZD, right at the bottom of our lovely H4 channel at around 1.9515
My counter trade idea is for a potential move up to the channel mid line, which is is in confluence to a key level area of 1.9760, this would be my TP zone
SL around 50 - 100 pips (discretionary based on you risk tolerance) - this is a super volatile pair
Expect some consolidation...
The GBPJPY sell idea is quite simple.. price just bounced off a H4 confluence of my top channel resistance and a horizontal resistance that has been tested and rejected a few times in recent past.
My Target will be around 133.00 zone, that has also acted as horizontal support and resistance in the past.
Only a break above and close above 135.80 will invalidate...
We already made + 160 pips today on GBPUSD buy in my PRO telegram channel.
I expect the short term bullish momentum to continue after a retracement to around the key level of 1.22664
1.22664 has previously acted a support several times recently but was broken today to make a new high.
I expect this pair to retest this level and then break out to new retest old...
Here we have GBPNZD still respecting a long term channel support.
Currently there is a bullish divergence spotted around this support area.
My trade idea is for a bullish retracement up to price level of 2.01213 (TP) around 300 pips which acted previously as support but was broken down to make a lower low.
there is a possibility of a downtrend continuation at...
A new trading week is up on us !
here we have EURJPY, Just looking at the market structure, price is respecting my ascending price action channel.
So my bias is for a buy after a retracement is complete to around 116.845 (suggested Entry or buy zone),
RATIONALE : This price level has served as resistance before and I expect buyers to come in this point an...
here we see GBPNZD price of 1.99100 at confluence with current channel support with established key horizontal level that has been tested multiple times in the past as both resistance and support
With my stochastic below 10
I am buying at market and I expect price to move up to previous support level of around 2.01250 as new resistance, then downtrend...
So we see that the ares of 1.22664 has acted as support multiple times in the recent past, that level was broken to make a new low, but price has now come back to re test that level, which is now turning into resistance. So this is reason for taking a short at least to the next level of support as TP1 .