Price approaching key levels. On my watch list! More details to follow, feel free to share your thoughts
FX:USDCAD Price has been in a bullish rally for some time until the highs from back in June 2018 were met again but no newer highs were formed. Based on a possible swing trade on the D1 time frame I have been looking for a good (short) entry on H4, noting the bearish flag pattern emerging... I will look to sell off the previous resistance level at 1.33159 and...
FX:AUDUSD Head and shoulder pattern emerging The neckline is sloped upwards indicating that the bulls are still in control Price is still above the 200ema = bulls (for now, anyway) What's your thoughts on this pair?
FX:USDCAD Price is above 200ema = up trend Bounce taking place off trend line Bullish engulfing candle forming Price is on short term support My idea is to enter at market price 1.32096 SL below lows @ 1.31545 TP @ recent high 1.33110 (provisional and may be extended) Always exercise healthy risk management
FX:NZDJPY Sell order opened @ market price 76.878 1. Trend line broken 2. Trend line & resistance tested 3. Inverted hammer printed (sell signal) Stop loss just above the high @ 77.373 Target just above a recent high @ 75.782
1. Trend line broken to the down side 2. Using the breakout candle as reason for entering short at market price 3. Stop loss just above the breakout candle 4. Take profit placed at the beginning of the small up trend
FX:AUDUSD 1. Breakout to the up side 2. Resistance being tested as support 3. Looking for buy signal to go long 4. If the support fails = no trade 5. More details to follow :)
FX:USDZAR 1. Lower highs formed 2. Resistance holding 3. Consolidation at resistance (bulls out of steam?) 4. 200ema broken 5. Targets from 14.11 to the 13.90's SL 14.63030 TP1 13.90285 TP2 13.60857 TP3 13.37187 Entered at market price 14.33650
FX:USDJPY 1. Price was unable to break the prominent 114 level 2. Up trend line broken to the down side 3. Trend line re tested from the under side Selling at market price 113.389 Targeting previous support/resistance levels SL 113.800 TP1 113.029 TP2 112.805 TP3 112.541
FX:USDCHF Ok, so I can see a clear break of the trend line and it is currently being tested from the under side. So this looks like a classic support and resistance setup..... BUT Did you see the massive inverse head and shoulder pattern on the weekly time frame? Did you see the ascending triangle pattern on the Monthly time frame? My opinion would be to...
FOREXCOM:XAUUSD * Support level reached * Looking for a buy signal via price action on H4 * Note that the support COULD break in which case a short to 1175 would be favorable More details to follow!
FX:NZDUSD 1. Double top pattern emerging 2. Inverted hammer printing and needs to close as such to be a sell signal (without confirmation) 3. Note the sell signal is printing at resistance 4. Targeting short term support as tp1 at 0.67092 Aggressive entry is at market price 0.67693 Conservative entry will be a sell stop around 5 pips below the inverted...
FX:USDZAR 1. Lower highs formed 2. Resistance holding 3. Consolidation at resistance (bulls out of steam?) 4. Targets from 14.11 to the 13.90's Looking to short when the time is right, more details to follow...
FX:EURNZD 1. Price is approaching a major support level (last seen in Oct 2017) 2. Awaiting a buy signal to print 3. I will include conditions like price crossing 20ema if need be 4. This setup will offer a good risk to reward ratio 5. Watch out for a breakout or false breakout to the down side (the more times the level is tested the more likely it is to break)
FX:EURUSD Shorting at market price 1.12907 Stop loss at 1.13438 Take profit at support 1.12158 Classic support and resistance trade supported by rejected highs (see candle wick pinning resistance)
1. Resistance at 1.32091 2. Selling off the resistance of the rising wedge pattern, this level is pretty close to the major resistance level 3. Essentially a sell signal like a hanging man/bearish engulfing would be an ideal confirmation 4. Targeting the support of the rising wedge is a good first target in my opinion 5. 1.30000 would be my next stop IF price...
FX:USDCHF The bulls have been doing exceptionally well on this pair since the latter part of September to the point where the major resistance level has been reached and the inverse head and shoulder pattern has been completed with the exception of breaking the neckline - the current candle is above the neckline signalling the possibility of a bullish...
FX:USDZAR Ah, I have been watching this pair for a couple of days and it looks like we may just have a possible short setting up. * Price is currently in a down trend in the bigger picture * Hanging man (hammer at resistance) candle completed (sell signal) * Bearish candle currently printing (needs to close bearish for confirmation of sell signal) Should...