A quick update on the SELL position from the other week the trade has been running nicely and is approaching the first target of 1.34 have closed 50% of position and moved STOP loss to 1.37. Read the related post to see how I spotted this trade setup
Short BUY idea on this pair we have had a near 800 pip drop this week heading straight towards a nice Daily DEMAND/BUY zone which is located at the start of a weekly level also. I will start to look to enter this pair @ 1.91 or below using my indicator on the 4 hr or above to give a siganl a nice qick target for this pair is around 1.953 which is the low in the...
We are approaching a nice weekly SUPPLY/SELL zone that starts around 1.16 we actually got an intial reaction at this area last week and I suspect we will go back up to test it again maybe a little further into the zone towards a previous LOW in the current trend at 1.17 which if you look at previous ideas that was the next target after we got the first test and...
We are approaching a nice Weekly DEMAND/BUY zone which starts around 109.2 which is a previous swing high in the current trend that will likely form some sort of support and is a good area to go LONG again I will be looking for my indicator to give me a signal on TFs above the 4hr to daily around these levels. If this trade happens I expect a run back up to...
Quick update on the GBPCHF trade idea from yesterday we got the move as expected above 1.14 and my indicator has give a SELL signal on the 8hR chart as explained in the post these where the conditions I was waiting to happen. Please read related post to understand the setup
Possible SELL setup on this pair as we appproach 1.14 which is a previous low that was taken out by the current downtrend, we also have a Monthly SUPPLY/SELL zone that starts around 1.16 so we could see a quick impulse move up to this area. What I will be looking for is for my Trend Reversal King indicator to give me a SELL signal on any time frame from the 6hr...
Quick update on the trade idea from earlier was looking for a SELL as price went above 1.01 we got this and have entered the position 💪
We on approaching a big Monthly SUPPLY/SELL zone between 1.015 - 1.038 right at the start of this zone there is a smaller Weekly SELL zone I will be waiting for my indicator to start giving SELL signals from the 4hr timeframe up if price goes above 1.01 Will target the 0.96 area which is the newly created Weekly BUY zone, will update when the signal occurs.
A quick update on the idea i posted yesterday was waiting to SELL above 145 we got a big impulse move up yesterday and just now got the SELL signal on the reversal indiicator on the 4HR chart lets see how this plays out. Will take profts and trail the stop as position moves down
We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis. I will be waiting for a break of 145 and then for my...
Just a quick update on yesterday's trade idea just were I had identified the 1.40 zone as a good area to look for a SELL setup we got a HUGE spike up towards that area during the US session yesterday often spikes like this into High timeframe levels will give great opportunities to enter a position and that's exactly what we did currently up over 200 pips :) read...
USDCAD is fast approaching the 1.40 level which is the start of a huge Monthly SUPPLY/SELL zone that is around 700 pips in range so to find a good R/R trade we need to zoom into the weekly charts to see if there is any areas there for possible setups. As you can see marked on the charts there is a nice Weekly SUPPLY/SELL zone starting at 1.40 this is where price...
We are quickly approaching key areas on the AUDUSD with a huge Monthly DEMAND/BUY zone that was created in 2020 after the flash crash at the start of this zone we also have a untested Weekly DEMAND/BUY zone starting around 0.616 this is where i will look to start buying this pair. I will wait for my indicator to give a BUY signal on daily charts as we enter this...
Just a quick update on the GBPUUSD SELL trade idea as explained in my 2 previous posts around the 1.14 area was the likely target for sellers to come back in and that I was waiting for a SELL signal from my indicator on the 4hr charts or above. The signal occured just above 1.14 allowing us to get into this position. It has already dropped nearly 300 pips from...
Looking very likely that a Crown topping pattern is forming on the USDJPY several failed attempts to break and close above 145. Although the Dollar has been dropping the last week after nearly hitting 115 the USDJPY has been moving in a sideways range between 144 and 145 indicating period of distribution which is likely an unwinding of long positions after the...
Just a quick update on the EURUSD trade that triggered last week we have hit the 1.00 level which was my fist target as explained in the last post so have closed 50% of the position and moved stop loss to entry price. The next target is the previous Monthly support around 1.03 and then the monthly SUPPLY/SELL zone higher up. If you read the related posts you...
Ok on my last post on the GBPUSD I give you a detailed path on where the market would target which was the 1985 low as stated I thought we would get a correction before hittiing these levels also stating that if we did drop further quickly it would likely happen on the Monday morning. This is exactly what happened last Monday with the huge crash down. In the...
Just a quick update on the EURUSD BUY trade idea I posted last week were I wrote that I was waiting for my indicator to give me a BUY signal as we entered the 2001 DEMAND/BUY zone you can read the full idea in related ideas below. We can see it spiked down below the area at the beginning of the week likely there was a lot of liquidty under the level and we closed...