I've decided to execute a long AUD/NZD trade back to 1.10000 level. After seeing price retest the daily support, 50% fib, 50 EMA, oversold stochastic with multi-day rejection followed by a bullish engulfer, this trade seems like a no brainer to me. (Note, this is not a signal, just general market analysis)
As the DXY plummets lower and a head & shoulders formation coming along on USD/JPY, I've decided to put close attention on the pair. I'll be waiting for the neckline break & close on the daily chart retest on the 4HR chart before looking to short down to 102.400
Taking a look at CHF/JPY we can see recently that the pair has broken its resistance at 114.300 and came back for a retest after having a retracement before the end of Fridays close causing a nice big wick. I'll be looking for a 50% pullback of the daily retracement candle and a long back towards the highs as 118.000 level
Oil has been an interesting one this year. After seeing price drop below -$30 a barrel and now back to $40, you can definitely say it has been a roller-coaster this year. But when is the right time to buy oil? Let's take a few fundamental facts into this With counties opening back up around the world and transport and business starts to go back as normal,...
After seeing a bullish close above resistance last week I'll be looking for EUR/USD to continue higher. EUR/CHF trade idea hit profit last week just in time before we saw a quick reversal on Friday. I'll be watching EUR/USD on the 4HR chart for a bounce and bullish signal to take this higher back to 1.15700
This week I posted a trade idea on EUR/CHF which worked great. Today, I have an idea for AUD/CHF. Looking for a bounce and rejection the 4HR at this support level. I'll be looking for signs that price may want to start to move higher.
THIS IS NOT A SIGNAL: However, I have my buy limit was triggered on the Daily breakout & pullback today. I'm expecting further strength in the EUR/CHF to continue as we see the daily trend slowly progress to the upside. Targets at 1.08189
Looking to play basic support & resistance here and look for a move lower on GBP/CAD. I'm not short yet, however, I'll be waiting for a daily bearish engulfing candle to close lower to look to take this down to 1.66225
EUR/NZD has been a great day trading market this week. I took profit on a short position which resulted in a 1:2 gain and am now looking to go long at a bounce of some decent support levels. I'm not currently in the long trade however I will be looking for a price action confirmation to take this higher.
Spotting a breakout of the EUR/NZD bottom trendline, a 15min chart could potentially provide a nice short opportunity once price pullback to the 38.2 Fibonacci level. Will be keeping a close eye on this for a 1:3 R/R back to the extension at 161.8
Bullish momentum has come back into what seemed to be a bit of a dead market. After the daily close above the resistive trendline, I'll be looking for an asia session pullback before going long.
After taking a very steep dive to the depths of $3.9K, Bitcoin damn near immediately started to retrace in aggressive fashion and while doing so, formed an obvious ascending wedge. Basic TA tells us, a downtrend followed by an ascending wedge is quite bearish. Add this to the fact that sellers were waiting nearby to jump on the overpriced value. In my mind, many...
Expecting GOLD to reach back to 1550 within the next few weeks or months. Still looking for targets up at 1780 in the next year or so. I'm not long yet, but I'll be looking to find a position in the coming days/weeks to be buying the metal.
Currently short on EUR/CAD following the long term Daily down trend - Analysis as shown on the chart. Very simple setup - Price is retesting 50/61.8% which lines up nicely with resistance and the 200 EMA acting as a dynamic resistance
Loving this trend in AUD/JPY both on the Daily & Weekly. Currently, we've seen the weekly pullback to a dynamic resistance (moving averages) where it's then proceeded to print a Doji rejection bar right on the 50% Fib level with a follow-through of last weeks bearish close. On top of that, we've seen the stochastic come to an overbought level on the weekly and...
Proving to look like a nice trade. We've seen price close above the Daily 200 EMA and slowly form an ascending triangle which is usually a bullish move in the market. Currently waiting for a Daily candle to close above the triangle resistance to look for a long position
Really liking the AUD/CAD to the downside next week. Looking for a break lower from the weekly inside bar (Chart explains all my analysis)
Need I say more? This is a very simple set up. The trend has been down for some time now, price has pulled back to a resistance level trying to blow through before the market closed last week only to fail and put a nice wick to the upside showing a failed breakout. Further downside is expected on this pair.