laughingchartist

laughingchartist Updated 

Short Gold Entry: 1299.05 SL: 1313.15 TP1: 1266.25 TP2: 1254.75 Market reacted above descending wage support with price closing above EMA (21). MACD still in bearish territory however, showing a golden cross signalling a possible reversal. Wait for a pullback to short below 1299.05 where also happens to be descending range resistance.

laughingchartist Updated 

Short GBPJPY Entry: 146.015 SL: 146.900 TP: 144.200 Market broke below ascending trendline support (now resistance) H&S pattern seen forming Market holding below EMA and MACD now in bearish environment

laughingchartist Updated 

Long USDJPY Entry: 110.655 SL: 110.33 TP: 111.42 After the crazy impulsive move down, market actually rebounded. Price is now testing ascending trendline support. Market is also holding above EMA (17). MACD is now testing 0% level and has moved up into bullish territory. This is a short term play with a simple risk reward of 1:2 Market pulled back and...

laughingchartist Updated 

Long USDJPY Entry: 111.285 SL: 111 TP: 112.5 Long position was kicked in as market pulled back towards ascending channel support. This also corresponds with a strong supply/demand level. Market also testing EMA (120) where price reacted above before. This can also be seen on RSI (34). I have pointed it out using the purple arrows. RSI (34) also coming to test...

laughingchartist Updated 

Short GBPJPY: ntry: 147.105 SL: 147.85 TP1: 144.850 TP2: 143.5 After a strong rally upwards, we see a divergence between momentum and price. RSI (21) has also crossed into the bearish territory below the 50% level. Shortly after which, market broke below the ascending trendline support (now resistance). Price has also closed below EMA (34) which has acted...

laughingchartist Updated 

This trade was triggered earlier this week. However, I chose not to publish it as it was a low probability trade for me at that time for the following reasons: Market was only testing the ascending trendline support (now resistance) Normally I would wait for a pullback to retest the trendline before entering to short Market was also forming a Head &...

laughingchartist Updated 

Entry: 0.71465 SL: 0.7185 TP: 0.705 This trade was knocked in this wed (27th Feb 2019). The reasons why I went short is listed below: Whilst market reacted above the ascending trendine support (in red), it failed to surpass resistance at 0.72100 Market then broke below ascending trendline support and also spiked below 55 period EMA At the same time,...

laughingchartist

This was quite a simple set up though admittedly, the risk reward wasn't great. However, when presented with an opportunity, I will grab it. Here i saw market reacting above ascending trendline and also holding above EMA34. MACD was also in a bullish environment. Market was also testing a very key long term trend level at 1.135. I set my entry at 1.13525 and...

laughingchartist Updated 

1st Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 Short order was triggered yesterday after market pulled back to the descending trendline resistance (dotted line). Market however surpassed this line and seemed to be heading for a bullish breakout... However, it reacted just nicely below the resistance at 0.71852 (thick neon blue line) to form the right...

laughingchartist Updated 

Short GBPNZD Entry: 1.90535 SL: 1.91 TP: 1.855 Entry was triggered overnight due to the spike, which also coincided with the pullback towards the descending trendline resistance. Now market reacting below the descending trendline. Bearish divergence noted on 21 period RSI RSI also reacting below descending trendline resistance where market reacted in the...

laughingchartist Updated 

Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous trade...

laughingchartist Updated 

Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous...

laughingchartist Updated 

Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 R/R: 1:3 Market reacting below descending trendline resistance. Also, MACD forming a bearish sell signal and reversing Market now below 13-period EMA

laughingchartist Updated 

Short EURAUD Entry: 1.59405 SL: 1.59805 TP: 1.58500 Simple set up, as clear as day. Market below EMA 13 H&S reversal pattern confirmed with the breaking of the neckline RSI below 55% resistance level Market pullback below descending trendline resistance

laughingchartist Updated 

Short GBPNZD Entry: 1.91335 SL: 1.91750 TP: 1.8950 Simple and clean set up. Market below EMA Double top reversal pattern confirmed Market reacting below descending trendline resistance RSI below resistance and showing bearish divergence

laughingchartist

Spot the difference.

laughingchartist Updated 

Long EURCAD with high conviction (+++) Entry: 1.51675 SL: 1.51325 TP: 1.52800 We continue to see upwards momentum given the EMAs. Also, market has formed a flag pattern with a breakout to the upside. Similarly, market has surpassed descending trendline resistance (now support) to the upside. Based on price action, market failed to make LH and LL. This shows a...

laughingchartist Updated 

SHORT NZDCAD with high conviction (---) Entry: 0.90655 SL: 0.90580 TP: 0.88500 Great risk reward trade. Bearish divergence posted on MACD. MACD is peaking where market reversed before. Previous trade did not trigger entry. Due to a change in market structure. As such, this is an update.