AUDUSD looking to retrace to the 1 day downward trend. We are looking to follow the higher lows on the 4 hour chart. Another scalping call with a 1:1 risk to reward ration risking only 5% of the account. Risk management is key so stick to your trading plan! Welcome to your thoughts and opinions.
GBPUSD looking to move bullish. The RSI indicator is sitting around 25.0 which is a common indicator that we are in a bullish market. This is also reinforced by the Stochastic indicator which is showing us that the market has been over sold. Finally, we have seen a bearish market throughout today which broke a significant support level, therefore expecting a...
Steady up trend on the 4 hour chart. Looking for entries on the 1 hour charts! Looks like price has now hit the higher low which means we should expect a retracement in the upwards trend. What do you think?
Scalping Idea with a 1:4 risk to reward ratio. On the 4 hour chart there is a upwards channel forming. As price is currently sitting at the bottom of the channel and the Stochastic indicator is also showing the market over sold, we are expecting for a reversal. What do you think?
Looking at GBPUSD, as you can see from my chart there is a clear channel. I have marked a resistance level in blue where we should see some hesitation in price. We will wait to see what the price does before entering a Short position. Another factor to consider is the Stochastic indicator is showing us that the market has been over bought. Keeping a close eye for...
Looks like we are seeing a retracement with EURUSD, the price has hit the trendline on the 4 hour chart. Looking at the 1 hour chart for entry and using the Stochastic indicator has pointed towards a short. What do you think?
Based on the current Head & Shoulders formation on the 1 hour charts, i'm looking to open a Long position due to the third confirmation candle. We are trading on the second leg of the 'W' and the Stochastic indicator is also showing us that it has been over sold and should expect a retracement. What do you think?
What we are seeing with GBPUSD is a long term downtrend on the 4 hour & 1 Day charts. Therefore, from a scalping point of view, I have noticed we are currently sitting in the support zone and running out of momentum. I will be waiting for the price to break the trend line before entering a Long position. In addition to this, the Stochastic indicator is also...
I have been analysing AUDUSD and waiting to see if price will break the downward trend line. If we see a break of the trendline we will look for a Long position and ride the trade until we approach the golden zone on the Fibb chart. The Stochastic Indicator along with the RSI is indicating the markets have been over Sold and we should see a correction. Who else agrees?
Looks like we have a head & Shoulders structure forming on the 4 hour chart for EURUSD. Just waiting for confirmation that will not break the previous support level before entering the trade. What are your thoughts?
My thoughts on the current movement from AUD, we are looking for another bearish trend. We are waiting to see if the current price breaks the resistance level, if so we will be entering a short position. Thoughts and Ideas are welcome! Many thanks
I have seen GBP looking optimistic today and believe we are now looking at a price retreat. Id love to have some feedback and opinions but from my indicators, I am under the impression we are looking for a Sell position very shortly.