Trade Idea

[cadarkitek]

I like this pair long after the retracement to the past resistance level last week. My long bias is supported by the current daily trend, trend line, fibonacci and past R&S levels.

[cadarkitek]

I like both pairs to continue in the up trend shown on the daily and possible break previous highs. Look for long entries on smaller time frames.

[cadarkitek]

I like this pair to continue the up trend, a possible reversal at the test of the trend line which formed an engulfing bullish candle. I'm looking to buy on a retracement from a smaller time frame after a reversal candle formation. 4H chart showing anticipated bounce.
Similar setup on GU.

[cadarkitek]

Daily chart showing engulfing bullish candle at the up trend line, a sign that the up trend might be contining. My entry comes after the reversal candle formation on the 1H time frame at the counter down trend line which is broken and tested at the fib. 61.8. See charts below.

[cadarkitek]

Originally Posted by cadarkitek

I like this pair to continue the up trend, a possible reversal at the test of the trend line which formed an engulfing bullish candle. I'm looking to buy on a retracement from a smaller time frame after a reversal candle formation. 4H chart showing anticipated bounce.
Similar setup on GU.

We didnt get an entry on this pair as the price breaks through the fibs retracements and also breaks the low of the engulfiing bullish bar. My bias is still bullish until it breaks below the trend line.

[volodja]

The pin bar on GBPCHF, H4, that has tested the down TL looks very attractive. Did you enter there, Cadar?

[cadarkitek]

Originally Posted by volodja

The pin bar on GBPCHF, H4, that has tested the down TL looks very attractive. Did you enter there, Cadar?

No, I dont enter trades on pin bars, also the bar on my chart didnt close as a pin bar. The low is broken therefore you need to adjust the trend line. I still like this pair long but I'm waiting for a valid entry.

[cadarkitek]

A simple entry here, break and test of the counter up trend line. Entry taken after bearish engulfing candle formation.

[shandy]

Originally Posted by cadarkitek

No, I dont enter trades on pin bars, also the bar on my chart didnt close as a pin bar. The low is broken therefore you need to adjust the trend line. I still like this pair long but I'm waiting for a valid entry.

Hi Damion, could you post up your latest GC chart please, I want to see if you moved your A point down or left it where it is?

[cadarkitek]

Originally Posted by shandy

Hi Damion, could you post up your latest GC chart please, I want to see if you moved your A point down or left it where it is?

"A" remains until it breaks, if that happens(which looks to be happening now) I'll move A to the next major daily low(cyan line) and look for a C bounce. We might get the C bounce at this present support. My long bias remains because the market is now moving above the long term down trend line.