longs GBPAUDTesting strategy, buy limit, red lines are possibles SL
looking for an impulse, might break the structure, if so, we could even try to find a higher TP
Corrections
AMZN: Topping Formation Incomplete with VolatilityAMZN has a topping formation which is incomplete at this time. Incomplete means that the stock has not broken through the strong nearby, short term technical support level YET. It may or may not. The stock can always shift sideways as BA did, as an example, to pattern out the excessive stock price uptrend created by speculation. Trading range corrections, as opposed to down-trending corrections, take much longer because the stock price remains well above the company’s fundamental value. The financials have to catch up to the price per share. For AMZN, there is also rotation, aka lowering of stock shares held by the Giant Dark Pools, evident in studying the price trend against the Accumulation/Distribution indicator. This increases the risk of sudden downside action. For now, buybacks and smaller funds buying on a dip are holding the stock up. Watch for increased volatility as a precursor to more downside action.
#AUD/CHF Sell the RalliesLong term we are bearish but monthly and daily are giving a possible push to the upside.
It might take weeks for that to come to play. But for now we remain bearish
HOW to indentify a TREND! MUST see for beginners! #EZ-learningHey tradomaniacs and becoming traders,
I love sharing my knowledge and wanna help everyone who is interested and trading. :-)
Check this "journal" and start to understand the market.
Most of us know how a trend works. BUT NOT WHY!
I hope this will help you out to understand and improves your abillity to indentify Trends.
Peace and happy learning
Irasor
Trading2ez
- Wanna see more? Don`t forget to follow me!
- Any questions? Wanna more stuff PM me!
ETC/BTC SHORT Safe ETC/BTC low risk high reward, Shorting the market.
I'm seeing strong resistance level at 0.002841 on daily chart.
RSI looking almost overbought(ALMOST) and strong resistance
ABC waves (2 scenarios) just wait it out.
If you have different opinion feel free to share it
STAY LIQUIDATED!!
(Plug) Twitter: ACGAXS
Long The NZDUSDCurrent price action is hinting towards a long bias on this pair. I am expecting a move up similar to the last two impulsive moves.
GBPJPY - Long at Market PriceLook to go long at market price and watch for the breakout. Hold trades until the 150.900 area is reached.
USDCHF TANKING!!!! SELL .98300As we all know this pair is TANKING!!!
It has followed the channel perfectly as shown on previous posts.
This shows what we have broken the key level .98300 area!! FINALLY!!!
I'm still in this sell as i've caught most of the lower highs - i base my trades on impulses/corrections as you can see!
KEEP GOING DOWN BABY!!! Next week lets hit the 9700-9600 levels!
Gold to 1370Current price action is hinting towards the upside for Gold. If price forms a corrective pattern or an aggressive move upward we can assume a bullish move for this pair.
CADJPY Long on Daily and WeeklyThe top chart shows a long setup for the short term trader.
The bottom chart shows a long setup for the swing trader.
Whatever your trading style be, pick whichever and run because I do see medium term bullish potential on this pair.
EURCAD Stretching Out to Complete the 5th WavePrice has reacted positively to the bottom of the ascending channel and I am expecting price to continue to the upside to complete the 5th wave. Updates will be posted.
Potential for Almost 800 Pips on the GBPUSDHere on the GBPUSD there is a potential long setup for close to 800 pips of profit. If we see price break down impulsively idea will most likely be invalidated. Price action on the daily timeframe is supporting this trade idea. Trade with caution and good luck.
One More Move Up Before The Big FallPrice action on the lower time frame is giving hints that we may have one more move to the upside before the next bigger move to the downside. Additional charts will be added in the comments.
EURNZD Looking BearishThe EURNZD has formed the first impulse to the downside and the second wave is close to completed. I am expecting that price will fall impulsively as indicated in the chart. This idea is only valid if price contains itself within the corrective pattern at play, so watch the top as price nears it.
Next Big Move for EURAUD is Looking BearishThe next bigger move expected for the EURAUD is looking bearish and will most likely test the previous low of 1.36300. Sell the breakout to the downside.
Upcoming Reversal Coming on AUDUSDCurrently price is ranging in a reversal channel. We should see a break to the upside in the next week or two.
Watch For Long Setup on CACHFCADCHF is currently setting up for the next move up. Watch the lower time frame an entry.
4 Hour View for SilverHere is a simple trade setup that has formed on Silver. Wait for the break then go short.
Expanding Triangle Forming on USDMXNHere on the daily chart for USDMXN there is a possible expanding triangle forming. The first impulse and correction has formed on the 1 hour. More charts will be posted as updates.
Buy the Beakout of the Ending DiagonalHere is the future pattern forming for AUDNZD. It is possible that price may not reach the top of the ascending channel for some time, so watch as price action nears the 1.12100 level.
For the present time, on the lower timeframe, there is an ending diagonal forming indicating price will reverse soon. Buy the breakout or enter at your own risk.
