Trading With Linorth
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Alright, its a new week, and Im here to share more analyzed charts and meanwhile I may share some of the trades I make as well..

So far the sell position on #NZDUSD that I opened last week seems to be doing alright. Its still above a short time acending trend line in the 5min tho, so you might want to keep it in your watch list for now.
#NZDUSD - how I see it on the 1 Hour time frame. hoping it will hit 0.73000 soon! or at least the buttom of the channel.
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#NZDUSD - how I see it on the 1 Hour time frame. hoping it will hit 0.73000 soon! or at least the buttom of the channel.
I expect it to hit the buttom of the channel, turn back up to touch the short time decending trend (blue line) again and confirm it, and then reverse down and fall to around 0.72750
#EURCAD - could it be a reverse symmetrical triangle pattern? I guess time will tell!
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#EURCAD - could it be a reverse symmetrical triangle pattern? I guess time will tell!
I put in a buy limit order at 1.47593 with a 140 points stop loss and no set take profit. since its the buttom line of the reversed triangle pattern. and I expect the price to bounce back from that area and move up again.
#eurcad - a triangle pattern, which I expect the price to break out of it from the buttom snd move down towards the buttom line of the reversed triangle pattern on the higher time frame.
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#eurcad - a triangle pattern, which I expect the price to break out of it from the buttom snd move down towards the buttom line of the reversed triangle pattern on the higher time frame.
of course, I will ONLY go in with a sell order IF it breaks out of it and AFTER the pullback. don't rush to get in any trades, there is always going to be a better one for you to take. wait for the odds to pile on in your favor
#Gold - seems to be on its way down to touch the acending trend again. I have a small buy order in at 1234.00 (where I think it will touch the trend line) with a 500 points stop loss.
target will be at least 1275.00 so its a great risk to reward ratio trade (about 1:8 I think).
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target will be at least 1275.00 so its a great risk to reward ratio trade (about 1:8 I think).
I also have another buy limit at 1230.00 with 500 points stop loss. just in case it came a bit lower than I expected, so I can have two small positions and close one sooner (with 1:3 ratio) and keep one to see how far it will go.
#EURJPY - you can see that in the 8H chart it has broken all its decending trends so its going up very strongly, so lets take a look at it in a lower time frame and see what its doing..
#EURJPY - we can clearly see the bullish flag pattern forming in the 1H chart, so this is how I expect the price to move up this week.
#EURJPY - I put in a small sell order at 128.450 with a 300 point stop loss. I'm tryin to sell it from the top of the flag to its buttom, which is a risky move since we are in a strong acending trend. so I think its safer for you guys to wait and get in on a buy setup when it touches the buttom of the flag pattern at around 127.500
#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
#EURGBP - no special patterns, just trend lines, its still safe to go in with a buy order when it touches the short time acending trend. but play it safe and trade low volumes.
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sell nzdusd at 0.73250 sl 0.73500 tp open
I held it over the weekend, but it just hit 20 pips and I closed it to save my profit. now I will wait for it to make a pullback to the buttom line of its channel. I might go in with another order then, depending on how things go at that time.
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just went in again with another sell order at 0.73089 with a 135 point stop and a 320 pip profit. its a bit risky, so I went in with a low volume.
I turned it into a 1:2 trade so my stop loss can be behind a resistance line and my take profit before a support line. so it now has a 140 poins stop and a 280 points take profit. still a decent setup, considering the price movements on 5min and 1hr chart