Swissie going up?

USDCHF 15 min chart

Hi Everyone,

Was watching the USDCHF and have taken the pair long. Reasons for taking my trade:

1. Broke above the 200 SMA and held

2. MACD below the midline

3. Getting a buy signal on my Serene strategy.

My only caveat is that the pair has been oscillating for a while and it may continue to do so.

Please remember to do your own analysis.

Regards,

TB

Cable Pivot to be or not!!!

Good morning traders,

As we all know early this morning we had a really good set up on Cable to go long, but to be fair most of us where still sleeping. And to be fair there has been no other signals to tell us to go long after that. As we know in a few minutes there is news out for the UK so could we see a push to the put side and break that area that has been pushing Cable back all week. If we take into account the Pivots we can see that Cable is with in 30pips from the first Pivot R1. Can Cable break and close past it and give us a 2nd signals to go long.

None of the Serene Strategies are giving us a buy Signal as of yet.

Remember to do your own Research and follow what the chart tells you.

Happy Trading.

Looking like we may be moving on up?

USDJPY using Serene Strategy

This is also an interesting set up.  Looking at the over trend on the time frames shown we can see that movement of price is up. What a nice trade to already be in… But what if you are not?

Lets take a closer look at the 15 minute chart. Price has formed a nice trendline to use as support and at present has come back to test it.  Those not in this pair may want to wait 15 minutes and look for the bounce on this trend line to put more probability in your favour.  That would be the passive trader.  The more aggressive trader has probably seen this and said “Wait????  Why???”

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What does the Green Book say?

CADUSD using Green Book Strategy

As the saying goes, you have to be in it to win it!  But you need to know when to enter in order to Win it and as this strategy could be very simple, its timing into the trades has to be right.  We have almost got a perfect set up here..

All roads are leading down the path even though we are seeing a pull back.  It may be wise to wait until we see the continuation of the downward trend on the shorter term time frames rather than enter against the movement of the minor trend?  Price is currently at resistance on the 15 minute chart so lets see what happens there, but overall – looking like a nice trade.

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Its broken resistance but will it last?

AUDUSD on 15 minute chart

Morning traders,

Having a look at the AUDUSD on a 15 minute chart, we are seeing some interesting information that we can analyse, and would we enter this trade now?

Price has been in an upward directional trend for some time now bouncing off the current support that the trend line has given it.  It managed to break through both the 50 day MA as well as the 200 day MA which ensured us of the continuation of the overall upward movement.

Currently we have seen price break though previous resistnace and close above so should we look to take this trade now?  I currently would not as the next candle (shown in the diagram) would need to close above as well.  The trend line has become just as strong as the resistance level and could easily retrace to that point.  We are wanting the current candle to close above the resistance, therefore turning it into support before taking a long trade.

Please ensure that you do your own analysis before placing any trades as this is the chart assessment of 4xchick and purely for educational assistance.

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