Hi, So after a big sell off late last week in this pair EUR has opened strongly and NZD is back to showing weakness - This makes for a fairly straight forward set up; Higher highs and Higher lows are being created on 4hr Trend line forming Price making another attempt at long standing resistance zone I will adit the RRR isnt as good as I normally try to...
Hi, If you are already Long on this pair well done! (we took a few long positions earlier in the week and banked 150ish pips and then got out as the market turned on the euro earlier in the week) The Euro has resumed the uptrend. Personally I feel it will keep heading higher - HOWEVER right now I dont like the risk/reward of taking a long position at the moment....
DISCLAIMER - I am in this trade however set it a while ago and forgot about it!!!! Fairly standard play - price bouncing off support, testing a fib level, USD has been mixed and CAD has been strong so I have adjusted the SL to give a high RRR / low loss
We had initially placed a sell in the downward channel shown at the start of the week - hit Tp1 then the rest of the trades got stopped out at breakeven / tiny profit NZD is now showing strength and has rejected price at a level that would have made it fall back within the channel (previous 4hr candle)
Capita's shares took a tumble today after earnings revealed; The Bad; £28.5mln for the first 6 months of the year (vs a £31.2mln profit for first 6months of 2019) -9% revenue There is also a concern on the groups ability to handle it's debt obligations (which the above has reinforced) However; Shares are already down 80% since covid Capita are on course to...
EUR Structure break Massive momentum due to COVID reappearing in NZ
One of the busiest starts to a day in a while! NZDCHF - short - break of structure as per highlighted area COVID reappearing in NZ has hammered the currency this morning!
So, Earlier I posted a EURNZD buy trade that is flying, however, it was based on a shorter term time horizon. I may take partial profit on the shorter term time horizon, but am looking to potentially keep the bulk of the trade live looking for a larger move upward in the coming days; We have the following confluences; Price broken through dynamic level (its...
DISCLAIMER - I am a rookie with chart patterns so feedback is appreciated! :) Daily Timeframe - On the chart we can see an Ascending Triangle Pattern (i think?) with higher lows coming in to an area of resistance. The higher lows follow a fairly well established trend line 1hr / 4hr - we are not going to be making this trade blind! - We will see how the...
GBP/JPY So, JPY is getting hammered today and the Pound is having a solid day so far. The pair is fast approaching a key zone of Resistance (139.250 area) As per the chart, price has been rejected from this area multiple times (which would suggest a short) - but as the saying goes 'triple tops rarely hold' I feel it is a little too early to say what this...
GBPAUD - We got stopped out of a monster trade (+125 pips though!!!!) We are now looking for re-entry options BUT AWAIT BULLISH CANDLE CLOSE! Look at how this pair has been moving - it is easy to wait for price to hit a fib and hope for the best .... You will may well have your SL hit on the next candle, so lets look at how price acts around that .786 fib...
We are waiting to short NAS100 Taking a short at suggested entry will give; Triple Top confirmation High RRR (over 6.25) Other factors in play; Growing US-Sino tension (Tiktok situation / South China Sea / Chinese Journalists being forced out of America with China threatening retaliation) Coronavirus is out of control in US
NZDCHF We are looking for another trend line touch, which will also give a triple top on 4hr time frame RRR of 1:3 is quite possible. However - if we do reach target within 36hrs we will then be looking for longs based on Unemployment data coming from NZD tomorrow evening (a little speculative - but again, if a tight stoploss is in place it is worth it).
So, EURO has been on the rise (rightfully so post stimulus) - CHF has been weak against multiple pairs. Euro rallied hard against CHF and has just had a retracement to a fib line, and rejected further downward price movement It not an automatic buy just yet - lets wait for the market to open and watch momentum indicators - but looking for the upward trend if...
Waiting for a short trade here Fairly obvious set up TP1 123.220 TP2 122.450 SL 124.950
We've been short on this pair so many times now with a lot of success! RRR 1:1.96
USDCAD Short - Indecision on 1hr time frame as highlighted Over Extended Rally Rally close to Fib Level .382 Taking a medium short @134.210 Short order set at @ 134.355 TP 1.33928 TP2 1.33772 TP3 1.33693 TP4 1.33594 SL 1.34499
Price has completed a Full Fib retracement - and so the upward trend can resume Price creating higher highs and higher lows on the 1hr timeframe NOTE TP1 = 75.433 = 1:1 RRR TP2 as per Long position on chart = 75.880 area = 2.69 RRR