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Author Topic: Shorts-n-longs (PA, S&R, etc.)  (Read 26791 times)

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #15 on: July 19, 2017, 10:04:32 AM »
A weak report of the GB inflation caused a sharp fall of GBP/USD. The currency is consolidating at the moment. I think that there may be a downward trend continuation. Ill sell the pair after the price fixes below the 1.3010 local support. Potential movement to 1.2965.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #16 on: July 19, 2017, 10:07:00 AM »
The bullish sentiment is prevailing on NZD/USD now. However, I dont exclude a technical correction in the near future. The divergence of price and MACD a fairly strong reversal formation was formed. Ill sell the pair, if its price fixed near the 0.7355 local support. The goal for taking profit is 0.7330. The deal will be countertrend. My risk will be lower at the deal opening.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #17 on: July 20, 2017, 12:44:46 PM »
The divergence of MACD and price has started to implement on the USD/CAD H1 timeframe. Bears prevail on the pair. I expect a correction on the Canadian dollar soon. Ill buy USD/CAD, if the price fixes above the 1.2640 resistance level. The goal for taking profit is 1.2670. Potential entry points may appear during the next several days.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #18 on: July 20, 2017, 12:46:14 PM »
A correction takes place on AUD/USD now. A weak report on the Australian labor marked was published during the Asian trading session. Is continues to pressure the Aussie. Ill open deals in the current trend direction. Ill sell, if the price fixes below the 0.7900 round level. Potential movement to 0.7860.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #19 on: July 21, 2017, 01:01:01 PM »
The demand for the euro has sharply grown after the commentary of the ECB head. However, I think that there may be a technical correction on the EUR/USD pair. I expect the price to return to 1.1580-1.1620 and Ill buy after it reaches this mark. Confirmations and entry points may be found on lower timeframes. The goal for the price movement is 1.1665. A suitable pattern for deals opening can be formed during the next several days.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #20 on: July 21, 2017, 01:02:20 PM »
A Pin Bar PA pattern has appeared on NZD/USD. I dont exclude a short-term correction. Ill open shorts after the price fixes below the 0.7425 local support. The nearest goal for taking profit is 0.7390. My risk will be minimized as it will be a countertrend deal.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #21 on: July 24, 2017, 10:08:51 AM »
Bearish sentiment continues to prevail on USD/JPY. Ill open deals in the current trend direction and sell the pair after it fixes below the 110.75 local support. Potential movement to 110.25-110.00. Ill use a trailing stop for this position.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #22 on: July 24, 2017, 10:10:17 AM »
A weak statistics on business activity indices in Germany and the eurozone was published today. I expect a correction on EUR/USD in the nearest future. Ill sell, if the price fixes below 1.1635. I think that the euro can reach the 1.1580 support level.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #23 on: July 25, 2017, 10:22:22 AM »
I expect a correction on USD/CHF soon. My fav reversal pattern the divergence of price & MACD has appeared on the H1 chart. Ill buy after the price fixes above 0.9480. Take profit at 0.9520.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #24 on: July 25, 2017, 10:24:26 AM »
I expect a bullish sentiment on USD/JPY. The technical pattern tells us about a possible correction. The price has retained the 110.70 local support, the MACD histogram began to rise. The yield of US government bonds began to grow again. Ill buy if the price fixes  above the 111.35 local resistance. Potential movement - to 111.80-112.00

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #25 on: July 26, 2017, 01:34:11 PM »
The Australian dollar was under pressure amid a weak inflation statistics in Australia during the Asian trading session. The price is testing the 0.7920 mirror resistance level now. Ill sell AUD/USD, if the price fixes below 0.7910. The goal for taking profit is 0.7880.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #26 on: July 26, 2017, 01:36:03 PM »
A correction was observed on USD/JPY yesterday. The yen has reached the 112.00 round level. It seems to me that the correctional movement can continue. The demand for the US dollar is supported by the growth of yields on US government bonds. Ill buy the pair, if the price tests and keeps the 111.30-111.50 zone. Potential movement - to 112.00-112.25. Potential entry points into the market may appear within a few days.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #27 on: July 27, 2017, 01:01:26 PM »
Aggressive sales were observed on EUR/USD yesterday. That happened due to the Fed comments. The regulator reported about weak prospects of the inflation growth, which is below the 2% target level. Nevertheless, the technical picture is ambiguous now. I dont rule out a correction in the near future. I highlighted the following key levels and will open positions from these marks.

Support: 1.1715, 1.1680
Resistance: 1.1745, 1.1775

Ill sell EUR/USD if the price fixes lower the 1.1715 local support. Potential movement to 1.1680.
Ill buy it, if the price fixes above 1.1745. Target movement to 1.1770-1.1775.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #28 on: July 27, 2017, 01:05:50 PM »
The bullish sentiment prevails on GBP/USD. The price has retained the 1.3125 mirror support level. I expect the further growth of the British currency. Ill buy, if the price fixes above the 1.3155 local support. Potential movement to 1.3200.

Offline Robian

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #29 on: July 27, 2017, 03:34:14 PM »
Thank you for sharing ideas. I'm glad I've found this forum and such threads.
Cause technical analysis doesn't work in my hands and I need some explanations... I trade for a year and know how to use indicators, but very often the price goes opposite after I open a trade that shoul be successful!!

 

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