Looking at US30 Us 30 continued to climb this week. 1hr chart has gone up and created a new High Us30 has once again climbed to a nice resistance area of 27335.6 Even though the overall indication of Us30 is an uptrend, a potential short opportunity could present itself if it breaks the resistance area of 27083.3 As my trading mentor has taught me, I would...
Shorting EURGBP when price breaks the neckline of the head and shoulder TP: .87550
I am seeing a few things on US30 OVERALL: US30 is on a DOWNTREND on the weekly and daily timeframes. A new LH has been created SHORT TERM: A temporary uptrend has been identified on the 1HR and 4HR time frame. This gives me double confirmation that US30 will allow the sellers to take over prior to the buyers gaining back momentum. A trendline can be drawn...
Looking at a buy on NZDCAD Trade is active now TP 1: .87900
Shorting GBPJPY now based off the 1 HR/4 HR timeframe. Sell will drop to the bottom of the tea-cup to create a double bottom. After that we will see a rally to the upside. Sell to 124.100 Other confirmations: Downtrend on all timeframes New LH Head and shoulders on M15 FOLLOW ME ON INSTAGRAM FOR MORE TRADE IDEAS: @DKELLERWOODS
looking at a buy opportunity on USDJPY Wait to enter after the double top has finished on the 1HR timeframe. Once the double top finishes, I will be looking to buy. TP 1: 108.513 TP 2: 109.228
NZDUSD is consolidating price is ready to be sold TP 1: .60632 TP 2: .59267 Other confirmations: Downtrend on all timeframes inverted cup and handle Consolidation
The market rallied to the upside as the market makers manipulated US30 during London. The pair has now created an inverse cup and handle pattern. Overall I am seeing a short on US30. US30 can be shorted upon the breakout of the handle. TP 1 - 22972.9 TP 2 - 22469.2 TP 3 - 21461.8
Seeing a larger inverse cup and handle formation. I will continue to ride this down to the bottom of the cup.