benjimock

benjimock Mar 29, 2019

Scale in on my original short on AUDJPY, nice triple top with divergence on the RSI, as well as rejecting for the 61.8% fib retracement. Stops an ATR above the highs, with my original TP as it confluences perfectly with the 27% extension of this smaller move.

benjimock Mar 26, 2019

Intraday trade on USDCAD, shooting for a retest of the highs with stops an ATR below the demand zone.

benjimock Mar 20, 2019

Intraday short on AJ, nice fib rejection with bearish engulfing on 30m for entry, stops an ATR above the zone with targets at the -27 fib extension. Will close half of my position at a retest of the 30m lows and then breakeven the trade depending on how price action is moving. Nice h and s pattern on the hourly with a break of the 1H TL validating my extended...

benjimock Mar 18, 2019

USDCAD long, rejected nicely off the neckline of the larger time frame H and S pattern and the 0.50 retracement. We saw a break of trendline and a higher high on the hourly chart, with a retracement back to my demand zone which has nice confluence with the 0.786 fib. I entered on the 30m bullish engulfing, and I have place my stop loss an ATR below the lows and...

benjimock Updated  Mar 15, 2019

Break and retest of TL, nice rejections from the 0.618 which confluences nicely with a supply zone. Head and Shoulders formation on lower tf's which is a nice confluence for our sell, as well as divergence on the 30m RSI. SL an ATR above the wicks and TP is aiming for a retest of the lows.

benjimock Updated  Mar 14, 2019

Break of Trendline + Bearish flag pattern, using an intraday entry technique off the 50% fib level which has nice confluence with my zone, slightly wider 20 Pip SL when compared to my other intraday entries to ensure i will still be in this trade should it rally up and test the 0.618 fib level and liquidity zone. Targets are at the 0.618 fib retracement of the...

benjimock Updated  Mar 14, 2019

Strong impulse followed by price overextension to form a lower high if price continues down, entry on the retest of the lower ascending trendline. Stop loss placed a 30m ATR above the blue zone, aiming for a retest of the lows provides a conservative target and a nice risk reward ratio.

benjimock Updated  Mar 14, 2019

Bearish flag on the 1H, double top on the 15m confluence with the 0382 fib retracement. Price has broken outside of the flag, looking for it to continue down and test the 1.6000 even handle which has nice confluence with just above a 15m liquidity zone. SL is a 30m ATR above the blue zone.

benjimock Updated  Mar 12, 2019

Intraday short, tap of the 0.618 before breaking and retesting the bearish wedge. Entry on the test of the blue zone with stops a 30m ATR above the zone. TP at the 1.618 fib extension which has nice confluence with a demand zone.

benjimock Mar 11, 2019

Bearish flag, price has wicked the 0.382 fib retracement as well as potentially forming a H and S. Had to take a second chance entry stops a 30m ATR above the blue zone.

benjimock Updated  Mar 7, 2019

Gold's strong bearish run is due a pullback, price has overextended into the red demand zone, with divergence on the RSI and favourable price action giving entry for a counter trend long opportunity. Stops are place a 1H RSI below the red zone.

benjimock Updated  Mar 7, 2019

3rd touch of the bearish flag, nice weekly rejection zone as well as 0.382 confluence. Stops an 1H ATR above the highs. Will be looking scale out/breakeven this trade at a test of the lower flag trendline.

benjimock Updated  Dec 14, 2018

Break of Daily TL, Bearish flag pattern. Daily Supply zone, ATR based stop above the supply zone. Corrective phase of price action looks overextended and due for a strong impulsive bearish move.

benjimock Dec 14, 2018

Numerous factors of confluence for a short here; Interacting with the Daily descending trendline, as well as testing a liquidity zone on the 4H. We have seen the ascending trendline tested multiple times I am anticipating a break to the downside soon, however I will close 50% of this trade when we do interact with the TL and watch price action to see how its...