Dale_Ansel

Dale_Ansel

Here is a favorite trade of mine I thought I'd share. 1. We are looking for the 50-SMA to indicate a downtrend (Angle is going down) 2. I am looking for price to break above the 50-SMA and several candles to close above making an ARC. 3. Then I want to find the high of that move which I use a Bearish Candlestick pattern: Doji, Pin-Bar, Bearish Engulfing,...

Dale_Ansel

It doesn't look any better than this folks. All the right ingredients here for a trend continuation play: 1. Shorting into a downtrend. 2. Price is using 20-SMA as dynamic resistance. 3. RSI up in relative overbought area. 4. Doji candle nearing completion on the hourly. Time to SHORT. . . NOTE: I'd put stop loss just above 20-SMA level.

Dale_Ansel

I have a good feeling on this one. Overall bias/trend is DOWN on the daily chart. Lower High, followed by multiple Lower Lows. We have a lot of things working here for a good high probability bearish move: 1. Trading into the major prevailing trend. 2. Price has pulled back to a prior area of support and has been rejected. 3. Price going back up into the 50%...

Dale_Ansel

Here's a great opportunity for a low risk decent move trade. Stop could be placed around 118.15 area, target will be green area so anywhere from 119.20 to 119.40 area. Typically falling wedge will coil and SPRING to life with a bullish move. Lets wait and see! Good Luck . . .

Dale_Ansel

Something to keep in mind when trading currency is how other instruments are tied to currencies, such Oil and the DOW, and how these all interact. In this case you can see how a drop in the EUR/USD saw an INVERSE play on the Dollar Index Futures. Where the US Dollar index dropped and found support on the 20-SMA, conversely you see the 20-SMA acting as resistance...

Dale_Ansel

Nice downtrend in play here, might be looking at a pullback to the 34-EMA area and touch of the trendline. 2 trade possibilities here: #1. Buy NOW and place stops below green box area. Target area is 1st blue area. #2. WAIT until price touches downward trendline and is rejected then SHORT and place stop loss just above trendline (10-15 pips) and profit...

Dale_Ansel

RSI is at peak overbought condition, price is near structure high from previous area back on the 6th. Exhaustion candles showing weakness. I'll be watching price to move into the RED box structure area and break below/close below and I'm in for a SHORT position. Good Luck!

Dale_Ansel

Price broke out of the sideways channel. I'll be watching for a pull-back down to the top trendline (resistance) and hope that it finds support now. If that's the case I'll enter LONG and look for targets in the green area (previous structure). Good Luck!

Dale_Ansel

With the news of Japan deciding to continue to print more and more money, further devaluing it's currency, We saw a hug bullish move last week with a brief pull-back. Price came down and touched the .382 FIB and also found support on the 34-EMA low line. All of this adds up to a very good opportunity to go LONG. -Good Luck!

Dale_Ansel

Price action on Pound/Aussie is moving very harmonically right now. The blue trend line are exact equal distance lengths, so it is reasonable to assume it might repeat this movement for a third time. RSI is in an overbought condition. I'm looking for a reversal in the RED BOX area..... -Good Luck!

Dale_Ansel

Support now becomes resistance. RSI overbought. Large pin bar reversal/exhaustion candle look for close below this line and short, stop 10 pips above old support. Good luck!

Dale_Ansel

Overall uptrend with large swing. RSI oversold, Reversal candles, Price bouncing off previous support. I'm in, LONG.....

Dale_Ansel

Uptrend with about a 100% retracement. widening wedge, and RSI in very oversold area. sounds like a recipe for a move up!

Dale_Ansel

Nice uptrend followed by a .618 pull-back, price now in the .5 level, look for it to pull away from this area and then go LONG. Good Luck!

Dale_Ansel

Look for price to reject this level and possibly re-test old resistance, and now find support. lets see what happens, be ready!

Dale_Ansel

Explosive energy in this move up, RSI overbought at high level watch for a reversal to the .50 or .618 area and then buy on the bounce. stops 15 - 20 pips below .618 level. Good luck!

Dale_Ansel

Watch for bounce off support, look for confirmation of bullish movement and enter long. Target is upper area of red box

Dale_Ansel

Looks like a shallow pullback nice place to enter the reversal into the new uptrend.