Topper-Signals

Topper-Signals May 14, 2020

The pair has recently reach the bottom of a rising trendline on the daily. Coincidentally, it has also formed a double bottom formation with a new higher low. I am waiting for a breakout of the 1H trendline i identified to confirm my entry. This trade is worth looking into since the risk is lower and the probability of success is higher

Topper-Signals May 13, 2020

The pair has found rejection on the top of a channel in the daily and 4H chart. I believe that the pair will continue its downward movement. For confirmation, i will wait for a breakout of the identified trendline before entering a short position on the pullback.

Topper-Signals May 12, 2020

The pair has been ranging upwards on a rising channel recently. Yesterday it managed to reach the bottom of the channel after a rejection of the resistance area. I will enter a short position on the pair if the pair breaks out of the channel and below the identified support line. I will then enter the position on the pullback.

Topper-Signals May 12, 2020

The pair has recently seemed to break out of the channel it has been in for quite a while. I will wait for the break of the horizontal support to confirm the breakout. Thereafter, i will enter a short position on the pullback. It is important to note that while the channel has just been broken on the 1H timeframe, it has not yet break out of the horizontal...

Topper-Signals May 11, 2020

I have opened a short position on the pair as they have broken out of the trendline and horizontal support i identified while completing a retest. I believe the trade is a good one as it has a good r:r with a higher probability

Topper-Signals May 11, 2020

AUDCAD has entered into an identified resistance area. I will wait for the breakout of the 1H trendline (pink trendline) to enter a short position on the pullback. My first TP will be on the daily trendline. If the price breaks out of the daily trendline, i will hold the trade to my identified second TP. (Note: i will close half lot when it touches first...

Topper-Signals May 7, 2020

I am looking for a short-term sell position on this pair. While CAD long-term direction is unknown (since the currency is currently range bound), i will look for a scalping trade on this pair. My entry is the breakout of the 1H support i identified. I will then sell on the pullback.

Topper-Signals May 7, 2020

The pair has a recent bearish momentum. I believe that it will continue at least till the end of this week. Therefore, i am looking for a short position. My entry is the completion of the pullback at the identified level. By doing so, it will increase my risk-reward ratio and make this a good trade.

Topper-Signals May 6, 2020

After a short bullish run, the pair is currently consolidating. I feel that there is a short-term selling opportunity for this pair. I will use the identified support area as the confirmation. If prices breaks below the support line, i will open a short position on the pullback of the price.

Topper-Signals May 6, 2020

Personally, i am bearish on the AUD due to the fundamental outlook for the global economy. However, this is purely a technical perspective. Firstly, the pair is currently deciding if it should continue its downward momentum or push for a higher price. I will use the support area i identified as the deciding zone. If price breaks out of my identified support zone,...

Topper-Signals May 6, 2020

The pair is currently consolidating around its new price range. I believe that there is potential for a further decline for this pair. Therefore, i will look for a breakout of the identified support area before opening a short position on pullback.

Topper-Signals May 6, 2020

The bearish momentum on this pair looks like they have finally been exhausted. I will look for confirmation that it might be trending towards the long side. If the price breaks above my identified support area, i will buy on a pullback.

Topper-Signals May 6, 2020

Personally, i think this is a risky trade due to the fact that we are nearing the all time lows for this pair. While there may be potential for further decline, we might be caught in a strong rebound after opening the short position. Nonetheless, i will trade according to how the price develops. There is a potential short opportunity for this pair because it is in...

Topper-Signals May 6, 2020

This pair has a recent bearish momentum. On the daily timeframe, it has finally broken out of its rising wedge formation. Currently, i believe it is consolidating to gain more liquidity for a further move to the downside. To confirm this analysis, i will only enter after the breakout of the identified support. I will open a short position during a pullback after...

Topper-Signals May 6, 2020

The pair has recently broken out of a long-term channel (red trendlines). It has now finished the retest on the 1H time frame, and i am looking to open a short-term short position. This trade has a good risk-reward ratio and seeing that the channel it has just broken is potentially a bearish flag formation, i believe that we will have a higher probability of a...

Topper-Signals May 4, 2020

I have opened a position for this pair. My reason for this trade is because the pair has been on a strong bearish run recently after failing to break a new high at its previous resistance (last week). This week, i have identified that it has finished the pullback and with the short term breakout of the support i have identified, i believe that the pair should...

Topper-Signals May 4, 2020

The pair has recently broken out of my identified short term trendline (Purple trendline) and has made a pullback. Now, to confirm my entry, i will wait for this 1H candle to close below my identified support (and confirm price action) before entering the next hour.

Topper-Signals May 4, 2020

On the 1H chart, it seems the pair has a lot of rejection towards moving to the downside. Therefore this trade setup might be abit risky. However, if it does play out well and break through my identified support, i will look to short on a pullback. For this trade, i will manage with a lower lot size due to the perceived risk i have in this trade setup.