USDchf
2 great examples of a very convincing trade on the Daily tf (candle + support from macd)
2 great examples of a very convincing trade on the Daily tf (candle + support from macd)
4 Hour Strategy (MACD)
- #29,547
- Aug 7, 2016 8:01pm Aug 7, 2016 8:01pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Hello everyone, this is my first time testing this.. So i am just wondering if I am seeing things right on USDJPY Target would be 102.72? {image}
This one looks like going up. PA direction is against the macd.
- #29,551
- Aug 8, 2016 2:40am Aug 8, 2016 2:40am
Hey all,
Just a couple of things I see for this week
Still waiting for the same down moves for the GBP as posted last Friday. We may see a bit more GBP strength though before anything happens this week, we will just have to see.
Here is a potential opportunity I see for this week on the EurGbp
Market Rhythm - Break 21ema, pullback, move to round level.
Just a couple of things I see for this week
Still waiting for the same down moves for the GBP as posted last Friday. We may see a bit more GBP strength though before anything happens this week, we will just have to see.
Here is a potential opportunity I see for this week on the EurGbp
Market Rhythm - Break 21ema, pullback, move to round level.
- #29,556
- Aug 8, 2016 3:02am Aug 8, 2016 3:02am
May i please getadvice on this setup please. My TP is trendline or 128% of the fib extention...could this be too ambitious or could i have overlooked something important I'll appreciate anyone's assistance Thanks in advance. Potential setup Break 21, pullback and move to trendline/fib extension 128% {image}
I personally wouldn't use the same technique with the fib ex etc however I would say that is where it is heading.
I am looking for the move to the 1.2700 level as the next barrier and then see how it reacts from there.
It may take all week however so patience is always required. Plus as I said in the other post, I think there is a chance of short term GBP strength meaning we could see a bounce higher in the GBPCHF before a move down.
Of course it is impossible to say for sure, but that is what I am looking out for.
Hope this helps
- #29,558
- Aug 8, 2016 3:25am Aug 8, 2016 3:25am
AUDUSD Potential setup Break 21, pullback to 21 and move to round levels Again please advice me on these levels However, having gone through the thread, I've noticed that getting into a trade with the trendline so close is a potential risk. I'll wait for a break and pullback to the trend line before getting involved there {image}
On the 1h chart it is telling me it could be a "messy" break 21ema, move to 200sma.
The reason I say "messy" is because it is currently above the 21ema/89sma indicating a buy, but sometimes it can just be a "messy" break 21ema, pullback (above), move to 200sma.
I would either wait for it to break above the trend line looking higher, or see if we get another break of the 21ema downwards on the 1h chart, looking for the pullback, move to 200sma trade.
1.2800 in AudUsd in definitely on the cards in my opinion, barring any major news which reverses it.
That's how I see it.
Hope this help
- #29,560
- Aug 8, 2016 4:04am Aug 8, 2016 4:04am
CADCHF Potential setup Break 21, pullback to 21 and move to 200/365/round level {image}
Added to the USDCAD trade which I am looking at (suggesting CAD weakness) I would be cautious about taking a long position here.
I am not saying it wont happen, I am just saying that personally due these reason I would filter this trade out.