2017.03.13 Log - EURJPY 1D Short (pending)Although there may be some good news for Euro, price action shows downward tendency. Will enter this trade once price drops below 122.14.
1d
EURCAD 1D ShortFirst time publishing idea for Forex. Entered this short trade two days ago. It is still holding back. Will wait until tomorrow night and decide whether drop it or not.
AUDNZD Multiple Time Frame Short ConfirmationLike I have been saying over the past couple of days, AUDxxx pairs are reversing from their bullish trends, and AUDNZD is one of them.
Above we have a support trendline above which a triple top formation formed.
- The neckline support of this formation was broken in a very strong bearish candle.
Additionally, a greater support trendline, the larger one we see, has been broken as well.
This larger trendline is better seen on the 4h.
Also, the daily candles show that price has reached resistance at 1.0747 - which is an area of previous resistance.
This trade is designated a reversal trade, and I will be adding to my short positions on continuation setups on the 1h and 4h charts (like wedges, flags, and triangles)
Happy Shorting!
AUDCAD Bearish from Resistance AreaCAD weakened and allowed AUDCAD to push up further than I anticipated.
Regardless, I am still looking for a short opportunity from the 1.0150 area, preferably on a strongly bearish 4h or daily candle, and with the broken support trendline.
NZDUSD Short off Resistance TrendlinePrice reached resistance trendline on the daily chart
Initial bearish engulfing candle last week, then 3 bullish candles followed by a break of resistance trendline, however this can be said for UJ as well, and that's going up.
Upper wick of that candle is longer than the body, so i'm inclined to go short on NZDUSD
Very weak USD due to news today, I take it as a sign of its strength that it managed to recover so well.
AUDUSD - Double top on dailyIf you look at the related idea you will see the profits made from the previous AUDUSD daily trade. This trade uses the exact same blue line as entry point for the short.
Place stops above blue line and enjoy the ride down with me once again.
Do not be alarmed if the trade heads to the blue line again. Every pass under the blue line is another entry point. Patience is the key here. And if by some chance there is a strong break of the blue line... then well you know the direction has changed and you can profit on that side too.
"If you can't beat them, join them" is the key to success. You cannot beat the market. Only join it.
GOLD/USD 4H4H Gold Chart, also watch it at daily chart
huge breaktrough monthly resistance and support, bounced of weekly support and now againt at monthly resis so i opened a short position at 1188,83 0.3lot
(1D) AUDUSD Big ShortAs you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol)
Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered:
- Break of blue line invalidates the idea
- Break of the white line is your conservative entry
- Red arrow shows general direction, not exact time and price
- Hold on to profit, not hope
Sorry for being gone for a while. I was on a cruise.
