Hello traders, EURGBP setting up nicely for another winner on the monday and a really solid start of this trading week. First lets start with the fact that we had a nice and solid retracement and that we broke above structure again. We had a counter-trendline holding the push up back, this broke. Also the most recent support/resistance zones broke back above,...
Hello traders, Here is some price action on the UK100 and how i will approach this trade. Price action shows us that previous support became resistance, directly broke back above and so it became support again. This give us the reversed H&S pattern, counter-trendline broke and levels are on point. What we are going to do is grab the indicators and check if all...
Hello traders, Here we see the oil chart and we expect a move down. Reason for this is price-action showing us a bearish market for the moment. After indicators will be switched to bearish and all rules of the strategy are satisfied we will take an entry. Have a good week! ~TradingSimplicity
Hello, Last trade before the weekend can be entered right now. Short on the UK100, nice possible catch for the weekend. Reasons: - Broke support horizontal. - Broke trend-channel for the pullback. - Pullback waves ended. - Bear trap on 1H. Confluences from the indicators. Have a good weekend!
Hi traders, Next week we will be looking for a bullish setup on AUD/NZD. Fundamentals are relatively good were in the longterm the AUD is becoming stronger. Lately NZD is weakening a little bit but with shortterm bullishnes we expect a small move down. Techincal we can see AUDNZD finding daily support on the zone drawn. Follow me on other platforms for more.
Hello traders, Interesting pair to follow at the moment, GBPCAD. Nice set-up for a long oppurtunity and waiting for the market to shift to a bullish enviroment. on the re-test of the structure we are going to look for a LONG when everything is satisfied the way we want it :) Keep updated, follow me for more.
Montly formed a wick wich should be filled in. Weekly impuls followed by retracement and started the new impul. Daily impuls, retracement, new impuls. 4h counter trendline broke to the downside AND retested.
Hi traders, If we remain below the trendline, we might see a move down. Keep followinging price-action to enter.
Hi traders, The last week we have seen USDCAD making a nice move up, and had a solid retracement. At the moment it seems like the retracement has ended and the impuls can be started again. After the weekend we might see some upward movement regarding this pair. Follow me to stay updated.
Hi traders, Interested in a trading oppurtunity on this pair? Check the telegram channel for a 1:12 risk:reward!! t.me/FXT_TL
Hi traders, GBPCAD, nice long oppurtunity, waiting for price-action to confirm. Keep an eye open.
Hi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at...
Hi moneymakers, Here is the analysis for US30, we are still very much bullish for now, just on the short-term we expect a bit of a retracement. It would be a logical retracement because of two reasons, 1) Fundamental data seems like short term bears and 2) we could create a H&S on the 4h. So, lets wrap it up: Watching price action so we can either grab a few...
Hi moneymakers, We will be monitoring GBPJPY for a long oppurtunity after it retaces to the neckline of the W-pattern. Not a massive trade but everything is in line for this trade to be succesfull. We will be monitoring price action for an entry.