Looking at this pair. I see a double top, MACD, divergence, price hitting daily resistance level. RSI on the north side of overbought. I typically like to tuck my stop above a pivot and whole numbers. I'm gonna give this one a go. 1% Risk 2:1RR - Happy Trading!
I see some downside on GOLD. I am always Bullish on gold however, there are quite a few reasons for price to relax a bit: -There was a nice "High Wave" candle right at the 200EMA, which we have pulled nicely back up within for a better entry. -Hitting a 1hour 200EMA -Hitting a 4hour 55EMA -Forming a potential double top, continuing its downtrend. -MACD is showing...
I'm feeling this pair for a short. We have price entering a 50-61.8% Fib area, a pivot point is standing in it's way, we have a trend-line lending to a "change of polarity" where support is potentially turning into resistance? I'll set a forward order at the 50% Fib and get my stop beyond the 78.6%, pivot and a resistance area. 2:1 bring us just past previous...
Here is my breakdown of a potential AUDNZD short, It's broken south of a Head & Shoulders, pullback to retest and shows a strong deny on a daily candle. Watch out for opening news, I'd be waiting for a small pull up back to 1.04248 area, set stop above the 4 hour, 200 EMA, I'm showing two lower trendlines, these are pivot points I will be closly monitoring if we...
I have laid out an idea regarding the EURUSD, my eyes say a resistance area for the USD index, but my gut is going with more downside on the pair - at least to a break even situation. I see this Bearish Flag on the 1 hour chart, a retracement to the 50% Fib level settling price into the 34,55 EMA's. One can use the length of the "flag-pole" to project out the...
I snagged this company randomly as I smashed letters on my key-bored. I have not googled this company and know nothing fundamentally. I am breaking it down. I see the short opportunity, a simple trend continuation. Strong rejection from the 55,200 EMAs. I see MACD as a continuation confirmation. I would be looking to get out at the first sign of support....
I've laid out my idea for the GBPJPY, I entered on the 4 hour charts. 1% risk, 2:1RR - Happy Trading.
Price has simply sky rocketed, this is because of USD strength and Oil weakness. The CAD is so dependent on oil prices. I'm looking for a "reversion to mean" trade here. 1% risk, 2:1 RR - Happy Trading!
A " Bearish Pennant" has developed from that fast action yesterday. I see this pattern is struggling to break above a 61.9% Fib, a pivot point, 55 & 34 EMA's, previous resistance area (subjective). I think you can squeak out a 2:1 here before hitting previous support or the S2 pivot. Simple clean analysis. 1% risk, 2:1RR - Happy Trading!
I see an opportunity on Gold. I see a 1 hour trend line break, Price Action settling into previous support, MACD divergence (Bullish), a double bottom forming (unconfirmed yet) on the 1 hour, 4 hour high wave candles, doji, engulfing candles. I also see downside in the S&P500, while I don't often trade fundamentally, that puts upward pressure on Gold (safe haven...
Here is the USDJPY short on the 4 Hour chart. Price has made a unconfirmed double top, presented a high wave candle, PA has hit a Bollinger Band. You could get your stop above resistance, the bollinger band with a take profit near the 61.8% Fib, before the major support area and near a 55 EMA. 1% Risk 2:1RR - Happy Trading!
The S&P has hit a lot of resistance as of late, monthly pivots, weekly pivots, reversal candle patterns. I'm looking for a pullback up to the 50% of the current move (which I use as confirmation of direction), being just below the weekly pivot, a nice 2:1 risk reward, I do see a roadblock of the trend-line (showing) and the next major support (highlighted in...
FX:GBPUSD Ok, here is my second trade to short the Cable. Nearing a weekly 3nd pivot, now showing some MACD lets see how this plays out. 1% risk, 2:1 RR - Happy Trading
I've taken a short scalp trade on the USDSGD, price has reached a descending trend-line on the daily, MACD on the 1 Hour. 4 hour 200EMA. In addition. a "shooting star" candle patterns have presented it's self. I've checked to make sure not big news events are pending. Let's see how this rolls out. 1% Risk, 2:1 RR - Happy Trading
Here is a second crack at this short. 1% Risk, 2:1 RR - Happy Trading!
I am thinking price is slowing at resistance here (you could argue a "bearish engulfing candle"), MACD, a potential throwback to previous resistance, making it support "change of polarity" and a nice ascending trend-line should help make this a nice trade. No red flag news approaching...lets take it! 1% risk, 2:1 RR - Happy Trading!
We never got the pullback we wanted for our entry, but a very clear Bearish flag has developed. I'd like to see some confirmation and atleast retracement to the 38.2% fib level. We will see! - Happy Trading
Here is a quick scalp trade, GBPUSD has pushed past a major resistance level and a weekly pivot, I'm generally bullish on this pair but I feel the price is due for mean reversion.risk 1% - 2:1RR, - Happy Trading!