SimonRasmussen

SimonRasmussen Updated 

Nokia has seen a very strong downtrend recently, which was stopped as price entered into what could be seen as a flag or triangle formation. The previous movement which I have traded myself has been very continous with minimal pullbacks and therefore few decisions to make. If we can break the current low of the horizontal movements - around level 39 SEK - there...

SimonRasmussen

As title indicates, just an observation that if we see a setup for a short this should hold strong potential. The short setup will come about only after a solid break of the 1.1075 level (see chart). If we get to this point, then we have a very direct price action between here and the 1.096 level (see ellipse form marked on chart). Further noticed both these...

SimonRasmussen

We are seeing a clear retracement to the neckline of the formation. Upside potential looks good where as downside is limited as the neckline is sharp(price will confirm or falsify breakout quickly), thus making for a R:R of 1:5 with the levels marked here. Note on stop and target: these are the least thought about part of this trade - could be set both more and...

SimonRasmussen

Over the past months AUDNZD has been forming a triangle which has held up very good, with some reversals that have been very exact on both upper and lower border of the formation. As put here RISK:REWARD is about 1~5. Notice a significant improvement of this could be had with a different entry. An entry at the first touch of the drawn line could potentially make...

SimonRasmussen

Shorting EUR on retrace to 1.4720 level

SimonRasmussen

Making a small short on USDJPY after price has broken an important level. Most recent candles(on both 4H and 1H) shows reversal signs. Looking to limit the trade to 120.7 level - absolutely conservative

SimonRasmussen

The euro picked up strong momentum and is now deciding on a way to go from this level of ~0.1360 which looks to be important. I have entered long at this level, and SL is about 30 pips further down. A more conservative approach could be to wait and see if the recent hourly bar ends up looking like a reversal, as it does right now.

SimonRasmussen

The kiwi is trending downwards with clear levels of support and resistance. Just now going through significant level at 0.7415 - which I will take for a genuine break if price action reaches at least about 0.7380 level before reversing. The prior retracements have met very clear resistance levels, thus I looking to short around 0.7415 level. The exact numbers for...

SimonRasmussen

Fading retrace up to double resistance

SimonRasmussen

The kiwi against the dollar has had clear tendencies to turn at strong areas on 4H chart looking back

SimonRasmussen

Clear upwards approach of prior broken support. The levels are very clear here.