blackbayinvestments

blackbayinvestments

basic technical analysis, further technical and fundemental analysis must be conducted before entering a trade like this

blackbayinvestments

descending channel 4hr chart

blackbayinvestments

standard swing trade

blackbayinvestments

Technical Analysis: Relative Strength Index: the pair is somewhat overbought, it can be expected to reach even higher on the RSI as the market stays bullish. This further supports the a possible short (sell) opportunity. MACD (moving averages): MACD has stayed close to the pairs candle sticks, we would like to see a further separation between the MACD line and...

blackbayinvestments

only broken through once out of last 8 attempts at this strong historical support level @ 1.13000 ( Eur/Usd is extremely oversold on the relative strength index)

blackbayinvestments

strong historical resistance

blackbayinvestments

standard 1:1 breakout trade

blackbayinvestments

standard continuation trade. stop loss below level of support

blackbayinvestments Updated 

since the market has clearly broken through the downward trend, it is a perfect opportunity to enter the breakout now or set a buy limit at the trend line, where it likely to slightly reverse before making a big move upward. This is a standard breakout trade. I recommend making stop loss 50 pips or more and matching this with take profit in order to reach a 1:1...

blackbayinvestments Updated 

two very strong resistance zones on the daily chart, as you can see the market has been rejected over 10 times at these levels since 2013. This is a very high probability trade, with an amazing Reward/Risk of 4:1

blackbayinvestments Updated 

1:1

blackbayinvestments

the breakout has reversed back to the previous trendline. This is a good postion to enter a short

blackbayinvestments Updated 

swing trade

blackbayinvestments

follow the trend, as the trend is your friend :)

blackbayinvestments

strong historical resistance level

blackbayinvestments

long term trade

blackbayinvestments Updated 

buy the pullback, downward trend was broken last weel

blackbayinvestments Updated 

at a historical resistace level