Simple
SIMPLEElliot wave going green on the weekly
Inverse head and shoulders indicating bullish momentum and possible bottom of downtrend from the 14k high.
If price goes past 10300 confirmation of bigger picture trend reversal; risk/reward ratio of new long position is good.
Simple Buy or SellIf the red line breaks it goes down, but if the green line breaks, then we go up.
Simple to manage with conditional orders under and above these prices.
Satisfying Simple Short Back to the basics is always better.
Targets:
Target 1: 1.31416
Target 2: 1.31151
Target 3: 1.30948
Keep Positions Liquid
USD/CADHUGE MOVE in USD/CAD to the down side!!!!!!
With that being said this move it was triggered my signal to go short
On the 4 hour chart the 10 ema crossed below the 20 ema
The red vertical line is my confirmed candle to be looking for a short position
On the 1 hour chart i am looking for a pullback into the 50 ema which is the yellow line
Other than that i just wait...
Its real simple people
TRADING NEEDS to be SIMPLE!!!!!!
Channel down spot gold for the 38.2 fibo retrace (1447)Gold touched the 4H 20 SMA (1457) and I opened a sell for the 38.2 fibo retrace (1266-1555) at 1447.
AXP Simple TANYSE:AXP looks to have broken the downtrend. It closed under the 20 day MA but is approaching support from the 50 and 200 day which should provide enough support to push it through the 20. I'm expecting this to reach 122-124.
-Please leave any feedback or constructive criticism, always trying to learn more.
GBPUSD - POTENTIAL SHORTA very similar pattern is running across all GBP pairs (double tops).
GU has broken a recent support line.
Our bias is short. This chart is far more clearer on a H4 timeframe.
Keep it simple on DAX (GER30)Simple strategy:
If the top resistance marked with blue is broken out with a trigger candle, then buy and hold until it reaches the green line. This profit zone is a weekly peak.
If the bottom support marked with blue is broken down with trigger candle, then sell and hold until it reaches the green zone.
Don't measure these lines point by point. The reliable signals are trigger candles called marubozu candle.
Lower timeframe is useful for finding the signals sooner.
