SmartTradingFX

SmartTradingFX Jan 26, 2015

Since the pair broke structure to the downside on the Daily time frame, we have fallen off a cliff ... Going out to the weekly time frame to see where price could be heading or could react i have highlighted the next zone which is the two blue horizontals... CTS 1. Weekly structure zone 2. Moving into oversold conditions - Weekly 3. Oversold - Daily 4. 1.27 Fib...

SmartTradingFX Jan 15, 2015

This pair has now traded its way into a key structure zone... Will we see a bounce? My CTS is as follows... CTS 1. Key structure zone - Weekly 2. Oversold conditions - Weekly 3. Structure - Daily 4. Oversold conditions - Daily 5. Harmonic legs on both - 4H and 1H 6. Oversold conditions - 4H and 1H 7. 1.618 Fib extension - 1H Keeping a close eye to see how...

SmartTradingFX Jan 13, 2015

Looking at potential pull back on this pair... CTS 1. Structure zone 2. Oversold conditions - Daily time frame 3. 2x Harmonic legs 4. 1.414 Fib Extension 5. 1.618 Fib Extension 6. 0.618 Fib Retracement 7. Divergence on RSI Waiting on Entry signal. Take Profit target back into previous highs. I've highlighted potential secondary targets if Risk Reward profile...

SmartTradingFX Jan 11, 2015

This is my current short position on NZD Reason i took this trade were... CTS 1. Structure level taken from Daily time frame (Highlighted in yellow) 2. Pressing up into Trend Line resistance 3. Fib extension 1.27 4. Fib inversion 1.27 5. Fib Retracement 0.618 6. Fib Retracement 0.786 7. Pressing into over bought conditions 8. Divergence on RSI My TP Target is...

SmartTradingFX Jan 2, 2015

On the weekly chart we are now in a very strong key zone that price has respected numerous times! I took a fib retracement from swing high to swing low which gives us a 0.618 in this area! I took a fib extension from last leg of the move which gives us a 1.27 and a 1.41 in the same area! We are also pressing up into overbought conditions on the RSI which i have...

SmartTradingFX Dec 28, 2014

The pair is back down to retest zone for the fourth time since October and has not been lower than this zone since back in 2008! I expect to go into over sold conditions on the RSI! Simple Long back up to trend line resistance!? Risk Reward profile of over a 3:1.........

SmartTradingFX Dec 28, 2014

After a solid move up we are now in a potential reversal zone for this pair! Seen some bearish price action on the Daily! Our 0.618 falls perfectly in our highlighted area and maybe a break below close below 103.42 could give us a short opportunity with a brilliant risk reward profile of 5:1! (That target can get adjusted to suit you but looking at the bigger...

SmartTradingFX Dec 22, 2014

Identified potential reversal zone on Daily chart at previous structure. Dropping down a time frame this zone falls between 0.5 and 0.618 fib retracement. We also have a 1.27 extension in the same area giving us some ratio confluence. Could also go into over brought conditions on RSI if we get there. Keeping a close eye.

SmartTradingFX Dec 21, 2014

Now in a Key zone where we may find some strength from this pair. Daily RSI is stretched and in over sold conditions. Fib extension drawn from last leg of the move with 1.27 falling in this area. Looking for a retest of 0.8115 which would give us a double bottom. Bullish price action could give us entry. Happy trading!

SmartTradingFX Dec 18, 2014

Identified potential reversal zone on daily time frame as highlighted on chart. I took a fib retracement from peak high to low and a 0.618 comes in line with this zone too. We were into overbought conditions (RSI 7 Period) and after a strong upward move surely its time for at least a pull back? Dropping down to my 4 Hour chart there was a re test of our...