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Euro on Sunday will open at a resist - see if it can get above or we see a price start to fall https://www.tradingview.com/x/g6vjBw9p/
Im going to see if this chart will display automatically - pre market the pound has gapped up and given a higher high of 1.25932 so as we approach the opening of market I would expect pound to have a higher low above 1.2543. The interesting thing about premarket is this high will not show on market open at least not on my platform which makes it alittle unfair if price comes down we are unaware it has made a higher high.
http://imgur.com/0ogRTCY Unfortunately I have not mastered embedding an actual chart - how to do a price set up - staying with direction, trading with direction and taking advantage of the retraces - this chart is a simple direction follow with entry on the retrace - I will cover zones as I go along. The GbpUsd as far ass Im concerned is still rising as long as the swing low remains intact - this is an opportunity to go long with limited risk as the swing low becomes our stop loss plus spread plus 5 pips. Now this is friday so sunday will be an opportunity to see if this pair continues on its course moving up
http://imgur.com/a/uGV4p follow up on UsdJpy - did hit the top zone then the top target
https://s.tradingview.com/x/NljnhmCL/ so Im looking for a retrace here as price has breached the buy orders
https://s.tradingview.com/x/NljnhmCL/ so this is the 15min tf - if price cannot hold above on box of the buy depths we have to consider it is retracing - so below we have two areas one above and one below - i will opt for the one below - the chart explains why
consider that as price rises it rises for one reason only we have more buy orders then sell orders - no matter what time frame - so even on this 5 min tf as long as the most present box below is not crossed under price remains a buy and is an opportunity to enter long - however if it is crossed below your risk is the last high http://imgur.com/a/IdF4z
http://imgur.com/a/T1lj4 most structures under UsdJpy price are placed to keep price driven in the direction the bigger players want it to go - so when considering the swing high we anticipate it to hold the structures below are lightly guarded - we do not anticipate alot of buy orders there just enough to drive price up - so if the zone holds at the top of the swing high and we get a return I would not anticipate the first structure we encounter to hold price up.
http://imgur.com/a/JUErp UsdJpy on the 4hr tf - if considering what we know about swings I would have to wait and see if price actually breaches the swing high - but PA is always correct so from what we see price remains a short until it crosses the swing high and that is how I will play it with a limited SL just above
http://imgur.com/a/aB3oE when a swing high is breached we can consider that price is in retrace - in retrace - as we are only looking at a smaller time frame within a bigger one - so all we know is at that point when the swing high is crossed we were and are in a retrace until the bigger time frame is crossed above and can only consider shorts - as if you anticipate the cross above the swing high it is not necessarily what price will do - we only know at this point it is retracing
http://imgur.com/a/NwPYT for price to reverse it needs to trade above the swing low circled but more important it has to break the swing high, just trading above the swing low suggests we should continue shorting the dollar, breaking the swing high suggests that the dollar is willing to move higher - so where so we consider a reversal - either continuation or a new high
http://imgur.com/a/NwPYT so when you think of swings in this case if the swings are falling - lower swing highs and lower swing lows we recognize that the main trade is the short and the retrace is an opportunity to enter a short
http://imgur.com/a/EN3Np when considering direction consider the swing if the higher high is falling, and the higher low is falling, would you consider going long untill the swing high is crossed above. As this is the US Dollar it is an important consideration, the chart is a 2hr tf.
This board has been empty for awhile, I swing trade along with supply and demand, see if I can add some charts
cool I was able to place the updating chart -
CHK I do not know if this will work it is an updating chart - but I think there is a narrow entry around 4.21 to 4.33 targeting 5.63. I have not done a stock chart in along time https://www.tradingview.com/chart/CHK/QpWw5wu1-CHK/
http://imgur.com/Knu1yMY GbpJpy - Im looking for 154.61 entry sl 154.95 and target 152.73. On AudChf I am trying for .7165 entry sl at .7196 and target .7042. Hope everything is well with you Ipre - long time no see
Hi Ipre - same usually but I have been trying some of these cross pairs. Im looking at AudChf again and GbpJpy
http://imgur.com/NZL9gxO Hi Ipre Im waiting to see if AudChf starts to bounce around the .7262 to .7225 targeting .7339
Hey my friend still here
Euro will offer TLTROs Friday, Scottish refer thurs, FOMC wed - I think there is going to be wide swings in the majors this week. I have a sell order on Aussie at .9075 if it gets there - sell options on Aussie are increasing
Here is how UJpy looks now - I think it will pull back a little here http://imgur.com/Ey6P4ok
As usual double left click to make image larger
I think UCad will go to 1.10 area http://imgur.com/hKUk2yT
I did not get the run up on Aussie I hoped for - On the pound I see a reaction line at 1.6780 area I will try and long from http://imgur.com/OxkzApO
Ipre Aussie long to .9305 http://imgur.com/IE3w0Ny
double left click on image to make bigger
If UsdJpy can break out of this channel Ipre I am thinking of longing to 102.80 area. http://imgur.com/z0ar6Ss
Hi Ipre - pound moved nicely near 100 pips - yes a long time no talk
http://imgur.com/X6OKuoX
Looking for GBPUSD to make a move up