Tradeplicity

Tradeplicity

Price breaking this ascending channel consolidation. If price consolidates below the bottom trendline then the odds are good for another leg or two down to our Target area. If price reverses quick into the channel then it can test the upper channel or we wait on the sideline to see more direction. -TRADEPLICITY

Tradeplicity

Head and Shoulder/Triple Top setup with trend line break? Can we test prior support/resistance/200ema? The great thing about trading is no one knows and if they say they do, get away very quickly. We play the odds and minimize risk. -TRADEPLICITY

Tradeplicity

We are playing the decade long support zone and buying and building a position here for a break out of this ascending triangle.....keeping position size small and will add as trend establishes itself. We are keeping stop loss below the 400 level as there might be some volatility. If price reverses and break below then our small position size will cost us 1-2% of...

Tradeplicity

Only the market can tell you if you are right or wrong. But if we strive for greater than 1:3 risk/reward trades. You only have to be right 33% of the time to be a profitably trader. If you are new, trade long term (longer term time frames) Volatility combined with the Psychological hurdles is sure way to lose your whole bankroll. Try trading with no...

Tradeplicity

If you are long bias, this might be a good area to start buying and building up position. We are more long bias than short but around these levels lots of volatility exists so be cautious. --TRADEPLICITY

Tradeplicity

We would have to wait and see next few weeks. if we get the retracement back into support/resistance zone 110-112 area. We could start building up short positions. * THE ART OF BUILDING UP YOUR POSITION IS RARELY PRACTICED. MANY AMATEUR AND NEW TRADERS PRACTICE THE ART OF ALL OR NONE TYPE POSITIONS. THAT IS WHAT SELLS ON THE INTERNET SO MAYBE ITS TIME TO GO...

Tradeplicity Updated 

OH MY........... -TRADEPLICITY

Tradeplicity Updated 

Can this be a rejection tail off the highs? then retest to take out stops. Call in the BEARS? -Tradeplicity

Tradeplicity Updated 

If NZD does test the bottom channel, we can either take some off the table and let the trade go if it breaks it. If you we decide not to take profits, we will move to break even at this point. -TRADEPLICITY

Tradeplicity Updated 

We have been in this channel since mid 2014.....Can we get another bounce? or is this where Wheat breaks?

Tradeplicity Updated 

We have been in this long term corrective wave since Early 2015 after a huge drop from the 1.36 range in 2014. After such a drop.....a sideways move is warranted before we move further down or change course. My thoughts is we are yet to finish an (E) wave to finish the move and then we will reevaluate.

Tradeplicity

The pair recently broke out with solid green bull candles, just to give the momentum back to the bears with opposite solid red bearish candles to wipe out almost a 200 pip breakout. With the DXY close to strong support area as well. We will be taking the odds on to see further weakness in this pair. Target range is 0.6400 area Stop loss range - to be...

Tradeplicity

We had anticipated a sell if the trend line is broken. While it did break the trend line, the pullback was sharp and a close back inside the trend line with two decisive engulfing candles. Although the short trade was a short term corrective trade anticipation. Our overall bias has been long the silver and buying pullbacks. This move could give us another...

Tradeplicity

Cup and handle formation can be a very high probability trade. Usually the break out of the handle prompts an impulse move equal to but not limited to the size of the cup. That is where we will set our target where it also sits major support/resistance going back almost 2 years. Good Luck TRADEPLICITY.COM

Tradeplicity

Lets wait for a pullback before going short for a better risk:reward trade.

Tradeplicity

If the trend line does not hold, then short term sell opportunity might be in play. Possible target would be 14.600 range. Good Luck TRADEPLICITY.COM follow us for trading tips and ideas.

Tradeplicity

ABC correction. anticipating further correction. Target previous support/resistance, breakout level at around 0.7400 range. stop loss above recent high. 1:4 risk/reward trade. GOOD LUCK TRADEPILICY.COM Follow us for trading tips and ideas.

Tradeplicity

Silver recent Dip could be a shake out before the impulse move out of this Cup and Handle Formation building up for some time now. Price right now is testing the rising trend line for the third time. We are long Silver and we will buy on dips. Our view is not of day trading and short term but a longer established gold/silver rally to pursue in the months...