KAlex1107

KAlex1107

We had a pullback from very strong bullish movement, rejected off of the 61.8% Fibonacci level. Gave me bullish candles on a retest of the level that was broken initially.

KAlex1107

SPX has been moving bullish and one of my main rules is to trade with the trend. Closed above this zone retraced and created a bullish M30 candle. 38.2% Fibonacci level is lining up nicely with the zone as well. SL is under zone and under next Fib level.

KAlex1107

We have ascending triangles on the H1 Timeframe. We broke out and retested the resistance. Entered on a break and retest set up. Targeting the previous weekly high, which was the high point before the pandemic.

KAlex1107

We are breaking a higher timeframe support and have closed under. Was counting on the suppport to hold up but, that did not happen. We are now officially bearish. Engulfing bearish H1 candle and doubletop on M30.

KAlex1107

NZDUSD on strong higher time frame support and has rejected this level aggressively. Looking to take advantage of the bears running out of steam.

KAlex1107

We broke out of range towards the down side. Big wick off 61.8% Fibonacci level. M30 candle has big wick above zone but, ultimately closed below.

KAlex1107

We are at a huge level of Support on the higher Timeframes and bears seem to be running out of steam. Last H1 candle engulfed bullish and on M5 there is inverse head and shoulders. Market patterns aren't very reliable generally on such small timeframes but, it made a lot of sense with higher timeframe candles.

KAlex1107

Have changed my trade a tad. The support is very strong and sold on a bearish engulfing, however I closed and believe a higher probability entry would be a sell stop below the last low.

KAlex1107

Bought the pullback yesterday, today following the H4 trend. Has respected every touch of the trendline.

KAlex1107

On H1 we have a level of support that we are having trouble breaking. If level is respected, we have an inverted Head and Shoulders. This can be the aggressive entry and a second entry may present itself if it breaks out and retests the neckline of the H&S.

KAlex1107 Updated 

Retested structure. Rejected my killzone and 61.8% Fibonacci. Following overall trend.

KAlex1107

I was stopped out of my original position but, this level of resistance continues to be respected so I am entering again. I only risk .75% per position so I am not outside of my risk management plan.

KAlex1107

Lot of bearish momentum. Price has trouble even pulling back. Price got above small resistance but, could not stay above. Bearish variation back underneath the small resistance.

KAlex1107

Have had a bullish bias but, NFP happened today and the economic data was positive for the USD. The fundamentals alligned with the technicals almost perfectly here. Couple hours before news trendline was broken and retested. Upon learning of positive data I placed a sell stop underneath a zone of support. *Was a bit tied up and could not post upon entry, at the...

KAlex1107

Price has been trending upward this week, looking to ride the wave. Pullback seems to be losing steam near a support area. Entered on strong bullish M30 candle, it engulfed previous candle and previous candle was a weak bear.

KAlex1107

We are retesting structure on the higher Timeframes. As I've stated previously, New Zealand's economy is up and running while the US economy is crumbling. Of course there will be intraday bearish moves but, my long term bias is bullish.

KAlex1107 Updated 

Strong bearish momentum. Will monitor trade closely with USD news at 10am that I don't expect to be positive. Price has made small bounces on this level of support but, looks like it may finally break.

KAlex1107

Price touched and rejected zone. Price formed a support a tad higher than zone. Follows with a morning star pattern.