Pipsmiths

Pipsmiths Jun 28, 2024

Looking to short this market at close of 4hr candle. Recent AUD economy news is a catalyst for potential RATE Hike in August, has increase the AUD strength. Target previous swing low.

Pipsmiths Jun 24, 2024

Another market where there has been multiple reaction at this level. BOS break on 4hr, pullback to previous support. in sell now down to previous low

Pipsmiths Jun 24, 2024

Multiple reaction at grey zone, 4hr pinbar forming at a 38.2 fib and also a bearish flag patten overall. IMO this is still a bearish market based on daily and weekly BOS. Selling at close of 4hr candle. 15 sl and 61 tp. 1% of account risk

Pipsmiths Jun 20, 2024

daily we broke bearish however on the week we are still bullish a potential bullish pinbar form at previous resistance turning support rejecting 78.6 fib. daily also forming morning star at previous resistance. 4hr falling wedge forming (green lines) wait for break/close of upper trendline target .90000 sl below previous LL.882700 second targer .900 daily...

Pipsmiths Updated  May 1, 2024

Overall trend bearish, good fundamental for $. Head and shoulders pattern spotted on 4hr, waiting on break and close for first enty and possible second entry with retest.

Pipsmiths May 1, 2024

The NZD experienced a sharp decline following disappointing fundamentals reported this evening, 4/30/24 at 6:45. The weekly chart indicates that the price has retested a long-term ascending trendline originating from October '22. Market participants are now awaiting a pullback to confirm further downside intentions. The first significant previous low is around...

Pipsmiths Apr 6, 2024

short term counter trend idea on an overall bullish pair head and shoulders formed on 4hr waiting on break/retest of neckline down to 4hour imbalnce

Pipsmiths Feb 14, 2024

This is a market has been an uptrend for quite sometime. We are seeing a pullback at the moment and then i expect more upside movement. The target will be the most recent high (190.000) and then if/when break above we have a target of the equal highest visible on the monthly denoted with red horizontal line (195.000) Confluence: 1) uptrend 2) retracement into 50%...

Pipsmiths Updated  Feb 3, 2024

Although we are bullish on higher timeframes and getting positive PMI results. I think market is looking to pullback before another upward move. On the 4h we had a breakout from a range denote with the green box. We are now seeing price pullback into that support level looking to turn resistance. We have a sell limit order set, with stops above the range high and...

Pipsmiths Jan 21, 2024

Last week, we finished the week out a massive bearish candle, showing us a heavy presence of sellers. On the lower timeframe, we seeing a range and acccumulation where price could break out to the upside, tap into the descending trendline and then continue down. we could capitalize on both moves where we go long on the breakout and then capitalize on the short...

Pipsmiths Jan 18, 2024

this market has been on a bull run for quite a while, a retest of 4hr resistance level (current price near green line) upper wicks and pin bars. Looking to go short for a counter trend trade before more upward movement to take out weekly equal highs

Pipsmiths Dec 27, 2023

NZDUSD Weekly This market IMO is bullish with a strong rally up at the beginning 2023, we have seen a deep retracement for the past ten months that halt around the 61.8 fib in October. (not on chart to keep the chart somewhat clean). The red trendline represents the weekly trendline (WTL) that was recently broken. Daily Dropping down to daily chart price broke...

Pipsmiths Nov 5, 2023

Head and Shoulders pattern 4h. Waiting on retest of neckline or 4H imbalance fill.

Pipsmiths Updated  Sep 21, 2023

USDCHF this is a very bearish market, making LL/LHsince the beginning of the year. however price has had a decent rally up since July nearing a level of liquidity (red zone). Looking at the weekly we have two scenarios 1: a potential liquidity sweep then a deep move back down target .8600 2: break and close above red zone targer .9200 Daily FVG (fair value...

Pipsmiths Sep 19, 2023

Nice set up on the weekly for the EUR/CAD. Price pushed back up into previous resistance creating a HH, then a HL, but failed to make a new HH. creating a H/S on the weekly. Fundamentals for the CAD were better than expected today 9/19/2023. I am already short for a swing/position trade to 1.3600 where we see a grey FVG box

Pipsmiths Sep 15, 2023

USDCHF this is a very bearish market, making LL/LH since the beginning of the year. however price has had a decent rally up since July nearing a level of liquidity (red zone). Looking at the weekly we have two scenarios 1: a potential liquidity sweep then a deep move back down target .8600 2: break and close above red zone targer .9200 Daily FVG (fair value...

Pipsmiths Sep 14, 2023

9/14/2023 11:48am although the weekly is bearish, price did BOS on a lower tf, and tapped into a long term down tl. Week 9/11/23 we are seeing a massive bearish candle, despite having decent fundamentals for the $. On the daily TF i have sellside liquid highlighted in grey and as of 9/14 price has pushed down into that area. on the daily tf we do see a new hh...

Pipsmiths Jun 6, 2023

Price is still in a over all bearish market with the RBA cash rate decision looming around 12:30am on 6/6/23. Currently price is retesting a bearish flag pattern on the daily and forming a DBL Top on the 4hr. I am anticipating that the RBA will not increase the rate thus a deep move down will occur. Imbalance on the daily around .64000 could be fill....