Nice price action together with oscillators indicate incoming fall. Only thing we need to watch out for is support at 1.379, so it may be a good idea to set TP for half (or so) of our position there.
Breakout from channel and small reversal on previous lowe high. Stochastic RSI seems to confirm that price is bouncing from support. To be on safe side I place my TP on 2.09372, but bounce up to even 2.18 seems to be possible.
---- Trade Notes ----
SL executed at 4.03. Overall trade seems to be valid, though with diffrent execution price and SL (perhaps executon...
EURUSD respected resistance level at 1.14730. Furthemore Stochastic RSI seems to tell that this pair won't have strenght requred to go higher. Additionally, red brick at renko together with second red candle at Heiken Ashi indicate down trend continuation.
---- Trade Notes ----
9.03.2015 - Price has hit TP, trade closed.
USDJPY is in a perfect spot for long. Price has completed pennant formation and found support on previous lower high. It may be possible to reach 124.07 level, but for now I'll stay on safe side and set TP on 121.490.
---- Trade Notes ----
9.03.2015 - Price has hit TP, trade closed.
Just as a couple days ago, strong resistance level. From a technical point we have Lower Low and Lower High, so downtrend is still going on. Long term trend line seems to be respected. Stochastic turning down from overbought level.
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9 December 21:05:36 (GMT + 0:00): SL moved to break even
10 December 6:00:41 (GMT + 0:00): Due to close...
Seems like nice opportunity for shorting EURUSD. Reversal on long term trendline and quite strong support/resistance level. Additionally Stochastic seem to indicate overbought level.
Edit: I took the trade at drawn price, it started falling when I was writing this description.
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4 December 5:57:53 p.m. (GMT + 0:00): SL moved to...
Trend continiuation is suggested by pullback to support level and confirmation from Renko, Heiken Ashi. Some caution is needed due to RSI that indicated that pair is a bit oversold.
Seems like there is a clear trend continuation on this pair. Market bounced from resistance level, and it seems like we have confirmation on Heiken Ashi. RSI also seems to be on a short side of the trade.
Price should fall at least to last LL and if we're lucky to even 1.618 Fib retracement.
NZDUSD just dived under it's long term trend line (black), pulled back, and bounced from it. Confirmation from Renko, Heiken Ashi. Additionally RSI seems to change direction to down as well. I'm going short on this one.
I'm struggling with this one, because I feel like market didn't know what to do for past few days. Still Renko, Heiken Ashi and RSI gives clear long signal.
I'll restrain myself from taking action for a day, and take a trade tomorrow if it'll close above 1.1190.
Reversal on support and Renko & Heiken Ashi charts are showing that this pair is still going long. Because of RSI I advise extra caution on this pair, taking most of the profits on TP1 level may be the best way to go...
Pullback to resistance (1.6231) suggest trend continuation confirmed by Renko & Heiken Ashi charts. First target is between previous LL and 1.271 Fib Level, second TP should be placed between 1.618 and 1.5722 support. RSI seems to be confirming that time for trend reversal has yet to come.
Mistake in the title unfortunately It seems like I can't change it.
