martin7

martin7 Updated 

Hello traders I share with you this gold analysis, we had a retest and rejection of last resistance now turned support in the .618 fib. Let´s see if we can now reach long term targe of 1300 Trade safe traders, regards! ;)

martin7 Updated 

Based in the daily chart that reached and didn´t closed above the Gap in the 1.4260´s area, I´ll go short GBPUSD. 1 TP is 1.4150 2tp is till we reached the 1.40 levels, and lets see if we can make a lower low in the daily time frame Trade safe traders, regards! ;)

martin7 Updated 

USDJPY didn´t reached a higher high in the daily TF, we have 2 green dojis but today we had a strong red candle to the downside. In the 4hr TF we broke the upper trend line and price respected the upper downtrend line. I see USDJPY breaking o the downside again and reaching the monthly target of 110. Let´s see what happen, trade safe traders, regards! ;)

martin7 Updated 

We have a massive bearish engulfing weekly, and I expect a new lower low to be made. Stops above last lower high in case we break the trendline Trade safe traders, regards! ;)

martin7

We have a break of the triangle to the upside Let´s see if we can now reach 1300. Trade safe traders, regards! ;)

martin7 Updated 

We had a doble top at the upper trendline and we didnpt break to the upside for further bullish move, in the other hand, we broke the inner trendline in the chanel, I expect the lower trendline to be tested and see if even broken for further bearish move. trade safe traders, regards! :)

martin7

I see a very bearish bias in this pair due to the next cofluences: In the weekly TF we have a large red doji which represents the rejection of the trendline in the daily TF. We also had this massive gap in the openning in the market. I entered half my trading size at .6580 and I´ve set my other half at .6620. Stops are set at .6680. Let´s see if we get...

martin7 Updated 

Green doji at double bottom, I´ll play this with a small lot due to the strong bearish trend, we´ll see if it hits target, or we can trail the stop till 113.20 which would be the first target! Not a very strong set-up, but I do expect some upside before reaching first bearish target which is 110. Trade safe traders, regards! :)

martin7 Updated 

We can see a triangle pattern, I settled a Buy stop at 1229 for if it breaks to the upside, TP1 is 1300. I´ll look for shorts if it breaks the inner trend line it has formed inside the triangle. Trade safe traders, regards! :)

martin7 Updated 

USDCAD has been in a lot of pressure and now that it didn´t break the descending trendline, I see a break of the support and get to the 1.35 zone Bad case scenario.- bulls coming in, break the descending trendline when testing the support again and get stop in the last high. Manage your traders, have a plan! Trade safe traders, regards! :)

martin7 Updated 

Most majors are getting sell-off accross the board. Since gold didn´t make a higher high on that las tbullish move, I see a bearish move to the downside to the 1180´s area, in the trendline zone. Trade safe traders, regards! :)

martin7

Had a very bad entry on this trade, but I expect it to break the trendlinethis time due to the fact that it didn´t break to a higher high and it retested the support (green zone) I put my SL at .7816, last lower high made and if this uptrend continuous I expect it to reverse at the trendline before it hits my SL. I have as Target 1: .7500 and T2: .7200 trade...

martin7

We were looking for bullish activity in this area, and the break of the triangle to the upside is that confirmation Entry: 1209.5 SL:1195 TP: 1250

martin7

Rejection in the downtrend, bearish daily candle. Stops above last high / break of the downtrendline. SL of last EURGBP trade is at BE, remember, always reduce risk Trade safe traders, regards! :)

martin7 Updated 

We had a little bearish run in EURGBP, but the uptrend was retested and we broke to the upside the little downtrend that was formed In the 4hr TF we have a doji that is rejecting the support area, I expect the pair to continue the bullish weekly close Very little risk to great reward. trade safe traders, regards! :)

martin7 Updated 

In the daily TF we are going to wait to the daily close to see if it closes at the same level as the other 3 canddles. In that scanario the pair woulnd´t have broken the green area, and I would expect it to go to the bottom of the beggining of the trend and maybe even test the 1.35´s area. In order for me to enter to the trade I want the price to break the...

martin7

I see the NZDUSD retesting 2 strong trend trendlines, I´ll be rolling my stop beyond BE every 20 pips, to see how far it can go down, my targe are 50 pips and we´ll see if it breaks the channel it formed into the downside. Risking 1%. Trade safe traders, regards! :)

martin7 Updated 

So we had a break to the upside of the downtrendline, Similar set-up as yesteday´s GBPUSD setup. I´ll be looking for a retest of trendline and retracement candles to the upside in the 1.3920- 1.3930 areas for an entry. Trade safe traders, regards! :)