Taking this trade because AUD has retested a zone of previous resistance. Once it broke the trendline any retest up to the zone gives me the confidence to get in for a short especially because I am trading with the trend. Entry : 0.69208 S/L : 15 pips T/P: 90 pips
Knowing that 1.0000 - 1.00500 is heavy resistance on monthly/weekly timeframe thinking that a correction should play out soon. Got the confirmation on a higher timeframe and worked my way down in timeframes to get a proper entry. Not sure if I am going to keep this over the weekend, just trading it with a smaller lot than normal because I am counter trend trading.
Got in on AUD because of the confluences on the screen. AUD made an inverted head and shoulders on the 2H on when it went up also making an ABC correction. Retracing back to the Full Swing .382 and making a lower high on the higher timeframes Entry: 0.73993 S/L: 15 pips T/P: 90 pips+ -27.00 extension
Shorting GU down past this zone because it had made a H&S formation pattern on the 4H and has been making bearish market structure. This zone of 1.3000 has been tested so many times, buyers are running out. Looking to short to -61.8 extension on this one because of how bearish GU is and how bullish DXY on top of no structure in the past at 1.29500 Entry:...
Taking this trade on NZD because it is showing me bearish signs on all time frames and on the Daily it still has some space to fill in. Because of the sleep schedule missed the short from .618 but I am using the -27.00 Extension for my TP. All the confluences in the world, I will be looking to size in on this once I get better confirmation. Entry:...
Taking this trade on GU because it is coming back to a strong support area and made a candlestick formation pattern. I am going to sleep so I couldn't wait for my 3rd confluence but had to take it because of what the DXY was doing. Nice buying pressure Entry:1.3006 S/L : 20 pips T/P: 50 pips
Not looking for a huge move on this trade because my bias overall is down. But there was too many confluences and the DXY is looking like it is going to drop at the time of this trade. On the 1H timeframe was a long legged doji or a hammer candle. The candlesticks are not that attractive but I had to take this trade because of the strategy. Entry: 0.73585 S/L:...
I took this trade on NZD because it was forming an Inverted Head & Shoulders on the 1H timeframe. NZD has also been selling off for a long time and has been consolidating. Trading this up to at least the 50% retracement because it is the next form of resistance. Entry: 0.67270 S/L: 15 pips T/P : 50 pips
Tapped into GU on the smaller timeframes because of where the DXY is at. DXY making a lower high at a resistance level and hitting a .786 retracement so I decided to see if I could get a quick trade on GU. OTZ: Found on 1H with multiple 3 bounces Trendline: Higher Low from last impulsive low Fibonacci: .786 - Drew the Fib on a lower timeframe - Didn't wait...
Going short on GBPUSD TDA Daily - Hit a 50% retracement (Full Swing) 4H - Formed an evening star when it hit the 50% on the Daily. (Red circle) Negatives : Took this trade in Asian session so probably won't be moving anytime soon Entry: 1.30745 S/L: 15 pips T/P: 70 pips
Aligned this trade starting from the weekly down. Weekly shows a space of liquidity (70 pips) that can get filled in before hitting the next support. Daily shows Evening Star pattern + Descending Triangle Formation Took this trade on a 30 min timeframe with 14 Ema resistance and 30 min structure If this trade loses I will short again from the .618 which is my...
Getting into this USDCHF short because I see a break in market structure with a lower high compared to the double top it just made earlier. Combined with my confluences on the DXY I see a bearish candlestick pattern at a zone of resistance. Entry : 0.93412 S/L: 20 pips T/P : 100 pips / -27.00 extension
Taking this trade because AUD has retraced back to the same level that it pushed price up 100 pips past the last high breaking market structure on a small timeframe. Now price is making a double bottom and it looks like a good time to buy. Entry: 0.74139 S/L: 30 pips T/P: 100 pips / Next Psych Level
Going short on USDCHF after a double top on a higher timeframe and 2 shooting stars. (On a Daily Timeframe) I got in on a 4H candle open. The entry signal really didn't matter to me on this trade because I'm trying to make trading as simple as possible. If I see a closure on the 4H timeframe breaking a zone of support a retest up should hold as resistance. Plus...
Confluences on the screen Actually reversed my short term bias on NZD because I got stopped out of my long position. Took a step away and looked at what price was telling me and I seen enough confirmation for me to switch my bias and short price. Entry: 0.69430 SL: 30 pips TP: 0.68500
My SL is 30 pips underneath the psych level and 50 EMA My TP is at the next Psych Level .70500 which lines up with the -27.00 extension and is around 100 pips Entry : 0.69630 DXY is at heavy resistance and in my opinion is overbought so profiting on its correction to the downside Entered on new 4H candle
Getting into this NZD Trade because I see - A break and retest of a psych level - Price is trending up - Inverted Hammer on top of the MA and Level - The DXY is at a heavy resistance which will propel price upwards for NZD
3/4 Confluences ----------------- Bought where the next higher low should be and looking for that -27.00 extension being that HH that will continue market structure Didn't want to wait for price to come down to the trendline because of the indecision (dojis) at the psych level so I bought (with a lower lot size) at the zone which was past resistance If price...