Here's my short idea on the AUDUSD pair.
The last four times the pair has temporarily been bullish, it has moved an average of 204.45 pips upwards, before resuming the downwards trend. 204.45 pips matches perfect with fibonacci 50%, which lies at 0.68762. There is also a strong resistance around this area. EMA 25 (yellow), EMA 50 (blue), EMA 100 (green) and EMA...
We might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair...
Just a closer look. At this chart you can clearly see that the price struggles to break below the support. This reinforces my idea for the long position.
NZDUSD is closing into a long opportunity now. It is currently testing a strong support, while being in the zone of 2x stron supports, fibonacci 50 and the bottom of the channel. RSI is on the way down, and will soon reach oversold.
Opened position:
Open at 0.698
Stop loss at 0.682
Take profit at 0.733
Risk/Reward at 2.32
Orders
Execute at 0.687
Stop loss at...
Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at...
This pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14).
My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50.
Take...
EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier.
MACD are starting to show bullish signs, as well as RSI is struggling near oversold...
NZDUSD is trending up, with EMA 25/50/100/200 showing uptrend, as well as RSI trending up, MACD having a reduction of short pressure and SM is trending up with higher tops and higher lows. As such I will enter one position at .696, as well as a three orders at fibonacci level 38.2, 50 and 61,8. These fibonacci levels are close to the EMA levels, which should...
Order for a long position on GBPUSD. The pair has proven to accept the fibonacci levels, and as such I will enter a position on fibonacci 61.8, formed from the uptrend from February to March, and target fibonacci 76.4, formed from the downtrend in March-April. The SL will be below the previous low, which is also below the strong support which was formed in 2002....
Short idea on SPY. The price was rejected by resistance at 213.3 multiple times in April-July 2015. It has been on a downtrend since then. SL is above the resistance for security, however this is just according to my strategy, and you should do what you feel is best for you. Target is right above Fibonacci 76.4, however will reevaluate and move SL at each...
Everything is marked on the chart. The idea here is to play on the EMA 25/50/100/200, as well as TL from weekly, fibonacci from weekly and daily and support for weekly. The position I have entered is mainly entered because of the price acceptation of the EMA 25 and fibonacci 23.6, with SL below yesterdays candle. Order 1 is based on fibonacci 38.2, and order 2 is...
The GBPUSD has just confirmed the triple bottom on a 4h chart, bouncing of the support from 2002. Movement not confirmed by MACD yet, however it is confirmed by RSI 14 and Squeeze Momentum (LazyBear). The trade on chart is just an example trade, and as such the ratio is not the best. However I would recommend a long position, targeting 1.444, which is right below...
Readjusted the TPs for my EURGBP short position, splitting my position up into three smaller positions. See previous post for more information about the reasoning. The new TPs are based of fibonacci retracement levels 38.2, 50 and 61.8.
USDJPY has formed a triple bottom, hugely respecting the 111 level. We also have a fibonacci 61.8% on 110.4, so the zone 110.4-111 works as a really strong support. The price is also respecting the TL from 2013, making the current zone really strong and the pair would need a huge momentum to push the price below these levels.
The TPs are based upon fibonacci and...
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail.
On chart:
As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
Potential EURUSD short if the price hits 1.1320. The entry is 20 pips below the daily resistance, with SL 40 pips above the daily resistance. If the price gets rejected at this level, it would be a triple top and triple rejection at this level. TPs is based of fibonacci from the 4h chart.
Orders is as following:
Position 1:
Entry 1.1320
SL 1.138
TP...
The gbpusd long position is the same as mentioned in another post (See GBPUSD, potential long at triple bottom).
The short position might be a "long shot", in the way that we will most likely not see it happen in the closest future. In 2-4 weeks we might see the trade happen. The plan is to short close to the resistance on 4 hour chart, which has held its ground...
Order is showed on chart. Plan is to catch the price when it falls down, which it probably will do soon due to being oversold (See RSI), as well as the price is currently trading between fibonacci 61.8 and 76.4.
The pair has formed a double bottom twice at the support zone, and if you have a look at RSI, then you can see that it has been oversold both times, and...
