Expecting Strong Resistance at Big Round Number 150. Take Big Profit at Next Pivot Point. Take Small Profit at just under 158.
Just following the trend on EUR NZD. Probably nearing the end of this trend because waves are getting smaller and smaller. Bears watching closely. Maybe a reversal or a range trade coming in the not too distant future on this pair.
The previous trend was very strong. It ended in a brief period of ranging but is hopefully about to break out. If it comes back to the trend line after making a higher high it could be a very early entry into a nice trend. We shall see.....
EURCAD / 4H / Trend line as Resistance Rules Establish Trend on 4H chart Draw Trend Line Mark highs and lows. Check the 200 EMA to confirm that Daily trend and 4H trend are correlated Enter when price respects trend. Exit when price turns back toward trend line. Repeat.
Unless trend reverses this should move to a new higher high. Two stoploos at 2xATR with take profit at 2xATR. Second identical entry at 1xATR
EURGBP FXCM vs Oanda See Next Chart.
Going Short Below the Daily 200 SMA Below the Weekly 200 SMA Below the Daily 50 SMA Below the Annual Resistance Below the 52 Week High Below any Major Pivots Optional Below any prominent round numbers or / S&R Below the Trend Line Pullback or Continuation Bounce off resistance (either trend line or SMA) Bearish indecision or reversal...
Below 50 and 100 SMA on daily and weekly. Below previous year low.
Possible opportunity for long term swing rend trade Risk 245 PIPs Take Profit 534 PIPs or more If recent pivot low/whole number is broken remove TP order and chase with SL
A move above both the 50 and 100 SMA has occurred. After re-testing the 200 (or possibly the 50) SMA look for confirmation of a move up (with trend) to next area of resistance.
Trend is Down but MACD showing string upward momentum. If there is a bounce at the confluence of Trend, 23/6 Fib, S&R with confirmation from MACD, then look for a retest before getting into the trade. if breaks through 23.6 look for signs of a reversal and broken tend. If able to watch approach to Take Profit and it looks strong take some profit, move stop up...
This is my first published idea. Also first trade with Fibs. Been through Baby Pips school of Fibs. If you have suggestions, constructive criticism of even praise for my brilliance in tech analysis it would be appreciated. Thanks.