Price has broken and closed below the Kumo(cloud) with the Tenkan below the Kijun and the Chikou confirming. Using the ATR for position management with a 1.6x ATR stop loss and first take profit(usually 1.5x but tend to use 1.6x on hourly chart to allow more breathing room). Using a slowed down QQE cross aas an exit indicator.
Potential short on USDJPY, breaking out of the Ichimoku cloud and awaiting close with Chikou below price and Kijun & Tenkan confirmation. 75 period Williams %R below the 50 SMA, I use this on most of my algo based trades as a confirmation of the trend bias. Also dollar looking weak after 4.8% fall in GDP during first quarter.
Price has broken above the smoothed moving average high indicating strength in the trend, the slow Williams %R is above th SMA indicating an uptrend and the ADX(not on the chart) has broken above the 25 level suggesting a new strong trend is forming.
Looking for a long position on AUDUSD after a new Swing Low formed and it's high was broken. Will be looking to go long at the 62% fib retracement using the hourly chart to find entry.
Potential long on NZDUSD next week, new swing low has formed so will be looking to go long once the high has been broken. Will use a 62% Fibonacci retracement on the hourly chart to find entry.
Looking to fade the breakout of the London session open, price has broken the low so will be looking for a retracement above the high from the Asian close to go long
Looking for a potential reversal on GBPUSD after the London session open breakout. Will be placing entry a couple pips above the high of Asian session close.
Looking for a potential short tomorrow on EURCHF after the low of the short term Swing High was broken. Looking at entering on the 62% Fibonacci retracement using the hourly chart. May look slightly off on here as original analysis was done on MT4 using price information from a different broker.
Waiting for the formation of a new Swing Low on EURUSD daily chart to begin looking for long positions. Will update throughout the week if opportunity arises. If low forms will use a 62% fib retracement on the hourly charts to enter looking for reaching and surpassing the previous days high.
Looking to go long above the high of the M15 candle before the New York open after the potential false breakout, spreads will be higher during the open volatility so take into account if entering.
