Henry_Cleaver_Trading

Henry_Cleaver_Trading

Hi Guys, We are well on our way to hitting 1.618 extension from recent swing low/high, after this we SHOULD retrace to range but probably not because its bitcoin. No trade for me here as the move is already nearly over. Safe trading.

Henry_Cleaver_Trading

Hi Traders, We again have a very similar set up to a couple of weeks ago, looking for a retracement back to the 38.2 and bottom of channel again to enter long GBP/USD. We are quite bullish GBP at the moment and this pair allows us to reduce our USD exposure. Targets are conservative on this one and stops can be tight.

Henry_Cleaver_Trading Updated 

Price has moved up trendline since October 2015, most recent bounce was quite weak looking at higher time frames and we might see a test and break of this trendline. if we do I think we can short EUR/GBP to around .85xx. If trendline holds and price continues to advance I think we can safely retest .90xx. 50% of my drawn range also intersects trendline at almost...

Henry_Cleaver_Trading Updated 

Targets are likely to be moved as we have no real structure for a while from last move. Price retaraced a second time and we are looking to follow this move. Possibly for a few weeks/months this of course depends on price action

Henry_Cleaver_Trading

The extension from the most recent swing low was pretty close to the 1.618 extension and this resistance was pretty significant if we look at price action formed on the 4H chart. 1.272 was support on small retrace from previous ATH, will it be so again? if not i will expect a move back to range around $5k. If this support holds i think we trade sideways until...

Henry_Cleaver_Trading

Hi Guys the Kiwi took a pummeling today because of the election of the labour party. I am expecting the currency to get to the resistance area and to retrace to middle of range after the dust settles. 400 pips for a relatively small stop, note its a weekly chart so this is a longer term trade.

Henry_Cleaver_Trading Updated 

Probably not a good trade and probably due to overtrading, we have been slightly bearish this pair for the last week or two and would expect move to downside so entered short at retracement, has subsequently blown through this level and stops are tight so we will see.

Henry_Cleaver_Trading Updated 

Long gold due to congestion at 50% at 2 previous swing highs and price stalled for 12 days on the way up, expecting to act as very strong support for this quick retracement before gold moves to recent highs and possibly higher. Better entry and second position for me is at 50% however i think we may miss this level so i entered a few pips above and am active.

Henry_Cleaver_Trading Updated 

Trade last week netted 352.6 pips (trailing stop hit on brexit news and reopened 2 positions before bounce) 16/10 to 21/10/2017 Looking for hold of 1.32707, if this price breaks looking to re enter long on price holding 236 retracement. If no rejection at 236 look for price to hold bottom of channel and enter long at this point. Not worth trying to short to...

Henry_Cleaver_Trading Updated 

I will be looking for entires long into the week ahead EUR/GBP. Middle of most recent fib range (the way I draw it) has been resistance 5 times and support twice, it also coincides with a trendline that was touched for the 3rd time recently that dates back to October 2015. if we hold .88526 at 50% of range I will be looking to long to around .9300 and top of...

Henry_Cleaver_Trading Updated 

Made a big mistake due to my being relatively new to trading and closed trade during chop on 4H chart around 38.2. I am sticking with last weeks analysis and think we will see a retest of 18. xx -3.70% in the very near future. I shall be re opening long on re test and rejection of any of the fib levels that we passed on the way up. I think this will be the 38.2 as...

Henry_Cleaver_Trading Updated 

As per the title we have shorted GBP/CAD at 1.66003. Price rejected 38.2 and trendline strongly on friday, Expecting price to retest 23.6 before making up its mind if we push lower or not.

Henry_Cleaver_Trading

Was bearish USD last week, recent FED comments by Yellen and continued USD weakness are taking further steps back and surprise BOC rate hikes now priced in. Weak data recently from CAD and technicals signal that trend will resume after breather last week (was getting overdone anyway). Jumped in long, looking for test of middle of channel and i also have extended targets.

Henry_Cleaver_Trading Updated 

Friday saw us hit a long term uptrend line running back to april 2017 and we also hit the bottom of a mean regression channel that has been running up the last few weeks. Went long to target most recent highs around 116.26. Will be watching this pair closely on open due to N korea tensions over the weekend increasing and we broke the channel to the downside late...

Henry_Cleaver_Trading Updated 

Big breakout by BTC last couple of days, lost steam yesterday after testing the 1.272 extension a few times on 4h. Expecting a pullback to range. Volume is also lighter than it has been and conditions arent reaching as oversold as in previous bluesky events which is also leading me to think the market needs to grow before we have a real push to 6,7,8,9,10k....

Henry_Cleaver_Trading Updated 

Price tested 38.2 3 times and was rejected on the way up to recent highs, now expecting this level to become a strong support level and price was rejected off this friday. Standard deviation channel has been tested 2 1/2 times on way up and held and 38.2 support coincides with bottom of regression channel. 4h heavily oversold as was daily and relief rally is...

Henry_Cleaver_Trading

Price has bottomed and been flat at resistance line before last impulse move up. This coupled with USD weakness across nearly all pairs and fundamentals in the ruling NZ party likely to be re elected could see a rally back up to the 73 cents area.

Henry_Cleaver_Trading Updated 

Short term long trade AUD/USD based on long term resistance level becoming support after recent impulse higher. Daily and 4h charts both near oversold and retracement to 38.2 is expected for pair to retest support and push lower.