Analysis done on the daily TF. Clear channel identified here, i'm hoping to hold some trades from the bottom of it to the top into the middle pink zone. I did attempt to long NC earlier this week, but it wasn't quite ready for it. I attempted to long it today but i got stopped out due to CHF strength. However, now we've reached the bottom of the channel and a S&D...
CHF has been gaining strength over the past day or so as i've been trading against it. If anyone can let me know why that is, then that would be appreciated, lol. Anyway, CJ has entered the zone where price last visited at the end of May, and this opportunity is the last one i'm going to take with this pair for this week. I'm looking to short with a SL of about...
Trendline drawn from 4H TF. Lots of rejection to the downside as you can see in that zone. Will look for confirmation to enter with a small lotsize as i'll need to place the SL about 80 points below entry, below the trend line. Inflation report being released tomorrow 1.30pm GMT and if the results are bad (i.e. inflation is high/worse than expected), we'll likely...
Just providing an update to my swing trade: I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and...
"Biogen Inc. rose the most since November after it received approval for its controversial Alzheimer’s disease therapy. Competitors including Eli Lilly & Co. and AC Immune SA also rallied, helping push the Nasdaq Biotech Index toward the highest since late April." (Bloomberg, 6/6/21). Will we see NAS push to April's high or will it reject off of 13830? I feel as...
Looking to use June's NFP to my advantage to short XAU before it ultimately heads to the upside. Prev results = 266 Cons = 664 Results predicted to be better than expected. S&D zones, some support, and trendlines identified on the monthly/weekly/daily TF. Will use hourly candles for confirmation before entering.
Trendline identified from weekly TF. S&D zones identified from 4H TF. Looks like an 'M' pattern has formed on the 4H so i'll be looking to sell in time for NFP tomorrow. May keep one position open through it.
Clear channel identified on the weekly TF, long-term buys would be good to long from here. S+D zones identified on daily and 4H TF. Fundamentals must be considered thoroughly.
Drew the blue zone from weekly TF and sold from 155.700, took partial profit at 154.800 before GJ went back up and respected the upper trendline. Placed another position around original entry. Hopefully we see a strong move to the downside once 154.800 is broken. TP1 is 154.450 and TP2 is 153.780 - targeting a total of 325 pips (+ made 70 pips on the position i...