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AUDUSD | 01042017

killer195175 Posted 1 Apr. in #Trader's blog #Audusd #Buy #Confluence

Hello my dear fellow community members,
This is a new month and I present to you a setup in AUDSD where you can easily see a setup emerging. There is a confluence of support near .7600 levels. If the pair takes support here then the upside target is the resistance zone in .7730 area.
AUDUSD DAILY CHART A daily candle closing below the rising trendline shown in red colour will open the downside targets near March lows followed by December's lows. Any comments about the setup are welcome.
Happy tr…

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AUDUSD REACHING RESISTANCE | 16032017

killer195175 Posted 15 Mar. in #Trader's blog #Audusd #Confluence

Hello my dear fellow community members,
The AUDUSD reacted to the Yellen's speech in a positive way and has reached near the confluence of the resistances. The idea is to wait for the bearish price action and sell the pair with the stop loss above the falling trendline. Here is the chart showing the setup.
AUDUSD DAILY CHART

Happy trading.

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25 JAN 17 | NZDUSD TRADE SETUP

killer195175 Updated 25 Jan. in #Trader's blog #Resistance #Trendline #Confluence #Nzdusd #Sell Signal

Hello fellow traders and community members,
There is a high probability for the NZDUSD to find resistance near .7300 area as this is the confluence of the two trendlines.
NZDUSD DAILY CHART

The idea is to wait for the price action on the daily chart and see a bearish engulfing or the bearish pinbar to place the trade.
Happy trading to all.

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18 JAN 2017 | NZDUSD SELL SETUP FORMING

killer195175 Posted 18 Jan. in #Trader's blog #Resistance #Confluence #Nzdusd #Sell #Overbought Status

Hello fellow community members,
Today we have pulled NZDUSD chart with the daily time frame. The pair looks like approaching the confluence of the well-established resistance lines. Here we may see sellers jumping in to push the pair back to the lows at .6840 levels.
NZDUSD DAILY CHART
As the stochastics is already overbought and RSI is also almost overbought, So the behavior of the pair near confluence will decide if We will enter the shorts or not.
Any comments about the setup are welcome.
Ha…

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4 DEC 16 | GBPUSD | CONFLUENCE OF RESISTANCE

killer195175 Posted 4 Dec. in #Trader's blog #Gbpusd #Daily Chart #Confluence #Resistance Zone

Hello fellow traders,
GBPUSD after a big fall after BREXIT took support near 1.2797 levels and broke below this support on 02 OCT 16 and took support at 1.1919. From here the price is making higher highs and higher lows and a good rising trend line is made as shown in figure below.
The support at 1.2797 may act as resistance for the price as it confluences with the falling trend line from the high of 1 Nov 2015.
I expect the pair find a huge supply near 1.2800 levels which may push the price low…

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3 DEC 16 | AUDNZD | A GOOD BUYING OPPORTUNITY

killer195175 Posted 3 Dec. in #Trader's blog #Resistance #Audnzd #Confluence #Ascending Channel #Buying

Hello fellow traders,
The rising trend line is giving good support to the pair in question as shown in daily chart. The pair may shoot up from here to the confluence of resistance near 1.07500 levels marked with ellipse. The scenario of rising is possible as the oil prices rising and there may be fresh sells waiting near the confluence of resistance at 1.07500 that may take the pair to new lows as shown by grey line projected downward. One may buy the pair at current price with stop loss below 1…

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19 NOV 16 USDJPY SELL SETUP

killer195175 Posted 19 Nov. in #Trader's blog #Usdjpy #Price Action #Confluence #Fibonacci Level #Short Trade #Horizontal Resistance

Hello fellow traders,
Today I have spotted a probable sell setup forming in USDJPY at the confluence of the 61.8% retracement of the fall from the high of 17 Nov 15 and low of 24 Jun 16 and the horizontal support at 114.30 levels which is likely to turn into good resistance level. So here we may see some price action and a sell set up may form. But i will look for a very strong bearish engulfing or the pinbar candle to enter a trade as the ongoing momentum on the upside is huge.
As of now there …

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USDCHF 17 OCT 16

killer195175 Posted 17 Oct. in #Trader's blog #Support #Resistance #Confluence #Sell #Usdchf #Money Management

Hello to all fellow community members.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good…

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killer195175's Blog

AUDUSD | 01042017

AUDUSD REACHING RESISTANCE | 16032017

25 JAN 17 | NZDUSD TRADE SETUP

18 JAN 2017 | NZDUSD SELL SETUP FORMING

4 DEC 16 | GBPUSD | CONFLUENCE OF RESISTANCE

3 DEC 16 | AUDNZD | A GOOD BUYING OPPORTUNITY

19 NOV 16 USDJPY SELL SETUP

USDCHF 17 OCT 16