boring_trading

boring_trading Updated 

Price was retracing on daily but reached a nested daily/weekly supply zone and came to a stop. Anticipating a continuation of the HTF trend, targeting the weekly demand. SL above the weekly supply.

boring_trading Updated 

Two setups, one short term, one long term aligned with the macro outlook. On the short term front I'm trading the last significant supply zone with a tight stop. This is more of a risky trade with a tight stop. Long term we trade the supply which broke the 10y low with some coronavirus news. Expecting this to be steel resistance, nevertheless used a more...

boring_trading Updated 

A long-term long setup in EURCHF. Aiming at a reaction at the bottom of the monthly demand zone. I expect the price to clear these lows and gather liquidity below, nevertheless an entry at the lows to not miss the move. Stops just below the next weekly demand zone. The first target is just below the weekly supply and extended target in the middle of several daily...

boring_trading Updated 

A quick short on NC. All timeframes are aligned in a downtrend since the price formed and retested a new weekly supply zone. I'm waiting for a retrace to the last H4 supply and a nice ride down to the opposing demand. There is a monthly demand zone just below so we need to be a bit careful as a major trend change is on the horizon.

boring_trading Updated 

Price has reached a daily demand zone and shows first signs of a reaction. Waiting for a further pullback. Initial targets are the two daily supply zones, with first one being tested both look as valid targets. Extended target is the monthly supply zone. SL below the low from 2019.

boring_trading Updated 

First attempt at a supply & demand trade. Some decent demand seems to be located around 1.444 area, targeting supply in the 1.46 range.

boring_trading Updated 

I see CJ possibly heading down towards the next support, because of: - price testing a recent support a second time, lower high formed, buyers might be running out of steam - clear LL / LH on H4 - RSI divergence on H1 - in-line with the weekly downtrend but the daily downtrend was broken - i.e.there is a good chance we will mid-term move up to test the weekly...

boring_trading Updated 

CJ is at an interesting point: - potentially bouncing off the resistance area, waiting for more sings of weakness to take a quick SHORT back down to the recently broken daily trend-line, which would also be roughly 0.5 fib retracement from the last impulse - after that, LONG up to the .382 fib extension, which happens to be aligning nicely around both a daily and...

boring_trading Updated 

Anticipating a bounce in EG because of: - weekly trendline respected - strong zone from March 2019 lows - RSI divergence on daily, RSI fairly low Still unpredictable because of Brexit i.e. trading small position size. TP2 could be set at 0.91

boring_trading Updated 

I anticipate EC doing a move down. Reasoning: - unable to break through weekly resistance, with nice wicks on daily (nothing spectacular though) - RSI divergence on H4 and D - within a daily upwards channel, which looks like a bear flag on weekly, struggling at the control price which aligns with the weekly resistance - weekly trend is clearly down, trading with...

boring_trading

I see a correction towards daily trend-line as confirmation and then a move to a higher high. Divergence on H1/H4 and the long-term downtrend is broken and we are making higher-highs and higher-lows.

boring_trading

We've above the weekly resistance, if this one holds I see potential for movement up to 0.75. This is on top enforced by the incoming recession in the US. First hurdle is the down-channel. The catalyst for the movement to the upside might be the Fed interest rate cut (e.g. 50bp instead of 25bp). On the technical side there is a nice RSI divergence in both weekly...

boring_trading

EJ is currently at a very interesting point: - lower boundary of a weekly pennant/triangle could indicate a short term push up - at the same point we are crossing the control price of the bearish value channel if we close below it there is good downwards potential - 200 MA is pushing it further down Short term I'm anticipating a bounce to the upper value channel...

boring_trading

Next ideal entry after retracement to 0.91 if you didn't get on the downtrend early. Reasoning: - bounced off at the top of the long term downtrend line - after a short & quick movement down, some retracement can be expected, ideally to the resistance areas around 0.91 and 0.5 fib retracement - first target around the 0.87 resistance

boring_trading

Why do I think it's not over yet: - Bullish runs are normal in a bearish market (and we're definitely in one). The run was largely based on good news from the US - I don't think this will last. - Below the 0.236 retracement there is strong resistance (below 10820 points) from mid-2016. The DAX will likely bounce off it and people will take some profits next...

boring_trading

My reasoning: - a good rally but it is coming to an end with strong resistance around 1,37 - bounced off the resistance area several times already - bulls are getting tired (volume is falling with each attempt) - forming now a triple top - divergence on RSI and MACD Might shoot up to 1,37 still but I think latest around 1,374 the party will be over and we will...

boring_trading Updated 

Some reasoning: - long-term resistance lines are holding - divergence on weekly RSI - volume was falling yesterday Backup plan - sell if support at 0.7037 breaks and downtrend continues

boring_trading

The next resistance level is around 8.5, this one will likely not hold. 8 EUR resistance should hold, from there we'll go up. I guess.