


krissur
On the weekly chart we can see price is in a range: 0.91700 - 1.03500 0.96 is acting as support a couple of times as well. Currently price is at 0.97160 so I’ve put this on my watchlist to see if price can break the down move. IF it does (break of trendline and price actions confirming higher highs and higher lows) I’l get in and set my profit target at...
EURTRY is in an uptrend for sure and price is reaching an interesting area, the trendline on the bigger timeframe. I’m looking to get in around here and I prefer to add positions once price breaks the downward trendline, retests it and price action confirms higher highs and higher lows.
With overall markets starting to rally gain we can also see that the strong uptrend of MASTERCARD is looking to resume its uptrend. Personally I'd like to get in on a pullback and/or a trendline bounce. 175 would be ok right now. Looking to get in and ride this one as a trend trade just like all of 2017!
On the weekly chart we can see the EURUSD is in a downtrend and price has been hovering around the trendline for weeks now. The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal? Also look at my DXY...
GBPJPY is in a clear uptrend and within this trend price is at an interesting trendline. If price bounces of this level we get a great risk-reward setup. If it doesn’t happen price can go lower and an entry around the channel trendline on the daily chart will be an even better entry. I’m LONG on GBPJPY!
AUDUSD is at a very intersting area. When we zoom out we can see that this is the lower side of the upward moving channel. The best time to start buying once price action confirms a bounce from this level and a continuation of the uptrend. Let's watch this very closely.
AUDNZD seems to be turning around. Just like this pair moves up and down from time to time the dawntrend is looking to be over and an uptrend is looking to start from here. It's early but I'm waiting for a pullback to enter this trade.
The USDCHF is moveing to the upside in a clear range for now. After some consolidation price continued to the upside today and now reached the top of the channel again. Maybe price will pull back before further upside continuation. On the weekly chart we can see a decending trendline. This could be a nice TP level.
On the monthly and weekly time frame it's clear that this is an uptrend. With recent market correction price dropped but now it seems to be moving back up again. Hopping on trying to get in on a nice trend trade again. Trendlines and support resistance (price action) are key areas for me on this trade. *Note: The stock/indices market doesn't look good right...
Since 2014 NZDCAD has been moving in a range. From the beginning of the year price moved up from the support/bottom of the channel and near resistance price turn around and even broke out of the upward channel. Therefor I've closed my long positions and switch to short posisitons. Target is the upward moving trendline on the weekly chart, near the bottom of the range.
price moved to the upside for some time now but the trend broke recently. in the daily we can now draw the first trendline tot the downside. Major support is ahead so consider if you want to ride this to the downside as a trendtrader or maybe you want to lock some profits in around that area. Trade what you see, not what you think
Is this the breakout we've all been waiting for? Let's see if price can get some momentum to the upside from here on out. No more trendlines in the way up, keep a close look at the resistance areas.
The EURCZK is showing very strong downside pressure. A year ago price broke to the downside and it is still falling. On the weekly chart you can see the start of this drop after a long and tight consolidation. On the daily chart you can see price just came back into the trendline again and it reactied with another sell off. Clear support and resistance,...
Price has been in this range since the 20th of october. 1.17200 seems to be resistance and 1.15700 looks like a support area. Price is moving into resistance now so I'm looking for a short setup with a target at 1.16000. I'm not a financial adviser, please use my ideas for educational purposes only.