We have a free group of analysis message me to find out more. AUDUSD, another US pair in my list this week. We are waiting on price to push up to this daily level before entering this trade though. As soon as we touch, we will look for any more confluences to confirm our trade and then we will look to get into a sell. If you want more market breakdowns drop me...
Best day of the week for traders, markets are closed so we have time to reflect on the week and look for new opportunities plus back test our strategy. NZDUSD, hard to see here or get what I mean if you are new. However, We can see on the daily timeframe NU has rejected this daily support level here and price looks like it wants to return to the downside. With...
As we can see on the daily we have broken out of our bearish trend, 3rd touch of this produced over 100 pips and would have been a nice trade to have got on. Now we have broken clearly through this we are waiting for a retest of this level before potentially getting into a buy position. With the election count coming ever closer to an end it would appear Biden...
If like me, when I first started charts confused the hell out of me, I was seeing things that weren't there and trading blindly. Now I have the knowledge of the charts and can use various techniques to look for an entry. If you are struggling come and have a chat. AUDCHF - Nice level on our trend line matching up with a 3rd touch. Also a nice zone here that we...
GBPNZD - nice setup on this one today. Strong level of support here, we simply waited to see if price rejected which it did, we had a very strong impulsive bullish move which shown us price should flip to the upside. We waited for price to have some retracement before entering. Stops just below the previous low and take profit above the last relevant previous...
AUDCHF, we can see the pair is starting to reach a few nice confluences of price meeting a 3rd touch trend line, 50% fib retracement and a nice level of support from this level. A very conservative 18 pip stop loss with a 80 pip take profit making this trade a 4.44 RR should we meet our final target. 1% risk on this trade. happy trading.
I've outlined what we expect to see on this pair next week. As you can see, price is continuing to fall and not reaching the reaching the previous highs before continuing to make lower lows. We can expect a pull back to around the 38.20 fib before we see some rejection and then for price to continue to fall. Our confluence here are the bearish trendline which...
We are taking a short on this pair for the evening with a nice 22 pip SL which will take the pair over the daily support level and a take profit of just over 50 pips making this trade a nice RR. Come and have a chat if you require any help.
Asian market seen this pair drop perfect into our area of interest and now we have placed our trade. Let's go. Risk accordingly if you are taking this trade.
As you can see from the chart we are waiting for our Golden zone to be reached so we can place our buy positions. If you take a look at the stochastic you can see this is looking too soon be over sold so should see some upward momentum. Let's see what the Asian session brings. I think we'll set a buy order for around 114.387 in case we see a spike through the...
What we can expect to happen on this upcoming trade is for the pair to reach this bearish trendline that broke out last week and on the retest of this we can expect price to start pulling back up. This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this...
We can start to look at a possible sell on this pair. We had a nice 100+ pip bullish move up last week and we can see price has stalled in this area. From here we can look to take a sell but this all depends on how the market opens, if it opens too low we will wait and see if price pulls back a bit to allow us to enter, if not we will let the trade go and wait...
We are still holding NU from our last analysis, as you can see we came close to the stop loss and then price continued up. We are now anticipating next steps. If you take a look at the level 0.67786 you will see nice rejections from this area so we then look for a nice zone where price may push too so we can start to look at Stop loss points etc. So if we see...
If you take a look back on our account you can see we have made a nice trade with barely any pull back since the pair started sinking. We are waiting for the pair to reach this daily bullish trendline which we will then look to take our final profit and also look to enter a long position. If you take a look at the stochastic below you can see the pair is heading...
GBPAUD - we can see this pair has been respecting this bullish 4hr trend line for some time now. Although, previously we can see that price has tried to break through. We anticipate we should see price come back through this trend line next week, then get the pull back to around the area marked out and then we will look to get into a sell position and ride this...
Only trade I've entered today. Nice level alone with a 3rd touch into the trendline (remember this is the markets it may not always hit your desired target 100% of the time) we missed the trend by around 40 pips but we took the entry anyway due to these nice levels. Only a 2% risk on this trade, with a RR of 50 pip SL and around 260 pip Take profit. We'll more...
Bit late to the party with this one although still a good few pips to grab before we get into a holding position. 30 pip SL takes us to a nice resistance area so if price pushes back up there then so be it. You can see overall we expect price to reach this bullish trendline which crosses nicely with a daily resistance level so from there we will look to take a...
As you can see we have a 4hr trend which we took advantage of the break here and waited for the retest of this trend before the drop which played lovely. Now we have this long bullish trend line which is on it's 3rd touch and also crosses a nice daily support here of 104.645. Not too wide of a SL as we know anything can happen but we should see some nice upward...