King W. Harbmayg's Journal Entry #19 Interday Position Long— according to my criteria, price has successfully: a. triggered the third coordinate b. tapped into the demand zone c. printed rejection structure all for a trade of 1:10 RR. 2. Performance: (1 out of 5) Confidence— 5 Discipline— 4 Communication— 5
Lower high formed, and a nice rejection from the 36ema. We are headed back down to the daily lows, 2R trade, given an intraday SL. TRADING IDEA -- NOT AN INVESTMENT OPPORTUNITY
Here's a view from a step back using 24H candles to take a look at where we can anticipate price moving throughout the month of August. Be sure to check out some more upclose ideas on the same pair in the related ideas section below. Like comment, and subscribe! Happy trading, and good luck!
Potential longs off the current demand zone to the next supply - as part of a higher low. NZDCAD broke bear trend structure on the last bull swing, and we are now holding at support looking to make a move higher potentially. Could be great R at this level! TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
AUDCAD Longs - nice little bull flag formation and break out - some choppiness along the way and a major resistance to contend with. I think resistance is easily achievable, and we are still bullish on daily so we could pump much further!
Longs on CADJPY (Similar to CHFJPY) TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Double hold and retest of demand zone, with a strong, volatile bounce - suggesting continued momentum to Supply zone. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY - TRADE AT YOUR OWN RISK!
Divergent peaks formed (RSI) + sharp/volatile rejection at supply upon retest. I am expecting a 50%ish retracement to the upside (as shown) before the plummeting happens. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
I like the Idea of bullish action on daily chart. We also have some nice bullish action on H4 which supports this. Let's see how it plays out! Trading Idea --- NOT AN INVESTMENT OPPORTUNITY!
Waiting for a retracement to retest the wedge and then continue breaking downwards. I don't see price making a big bounce to the upside because I think the deal has been sealed for gold to the demand (support zone) - and then we may see a reaction with gold longs. Before we can have the shorts, I think it's very reasonable to expect a modest/smallish bullish...
USDZAR showing some nice bullish momentum with a flag break, expecting to hit big zone of supply up at the peaks. Expecting a pullback/intraday retracement along the way before we rocket upwards. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Nice buying potential on Apple - H4/Daily charts. Nice mini H4/Daily bear flag forming, hold at demand and bounce upwards - breaking the flag. V. simple trade. Same Principle as the buys on USDZAR.
Flat drop - massive sharp rejection from supply. Big Drop incoming ! TRADING Idea --- NOT AN INVESTMENT OPPORTUNITY ! Trade at your own risk.
USDCAD Longs Idea --- Higher low hold at demand in an upward channel + sharp bounce from demand above 200ema (closing). Looking to continue the momentum to the upside until the supply zone! Pretty self explanatory and simple, just like it should be. Trading Idea --- NOT AN INVESTMENT OPPORTUNITY --- TRADE AT YOUR OWN RISK!
GBPNZD analysis— Currently overextended at 2.618.. This is sort of falling knife scenario, where im hoping price uptrend is now over. Its better to wait for more confirmation if you are not in the trade yet. Check out the link to related idea for my previous posting of GBPNZD for a more up close look at at the analysis at current price.This post is a follow up to...
Looking at price action on some of the different hourly timeframes + high probability retracement opportunity on GBPNZD. Be sure to check out the next post i make which is my analysis of this same pair from a higher timeframe perspective. Show some love and leave a comment telling what you think about my analysis.
300 pip move potential here... Strong bear action by AUD, looking good for volume - retested supply at lower high with a violent rejection, indicating that selling pressure is much stronger, and there is an interest to sweep the liquidity pools at the bottom. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Great little trade here... Let's see what happens. A lot of bear momentum. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY --- TRADE AT YOUR OWN RISK!