NZDJPY SELL SETUPOANDA:NZDJPY
Break and retest around the 90.680 key resistance area (Area of Interest), with a 4H bearish engulfing as added confluence
Areaofinterest
AUDUSD SELL IDEAOANDA:AUDUSD
The weekly and daily timeframes are bearish meaning that my overall bias will be bearish. I will be looking for sells at the Daily resistance areas.
AUDCAD SELL IDEAOANDA:AUDCAD
The Weekly, Daily and 4H are bearish making my bias bearish. We have a rejection at Daily Resistance with entry based on a 4h bearish engulfing candlestick.
Nasdaq buy analysisOANDA:NAS100USD
A pullback to 16764.8 area of interest/support on an overall bullish structure on Nasdaq is a great buying opportunity
GBPJPY Area of OpportunityGJ formed a double top. Looking for candlestick confirmation to downside. If price breaks zone look for continuation to upside. I have 4H and Daily marked with double top zone to see clear rejection/candle stick analysis for big move.
GBPJPY Support and Resistance Trading StrategySTRATEGY: S&R Trading Strategy
ID: 1209
Analysis TF: 1D
Focus TF: 1H
AOV: Minor Resistance Area
ET (1H): Bearish Engulfing
CP: Ascending Channel
1D Analysis
MS: Sideways - Price is moving in a range
1H Analysis:
CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of 140.597. It also looks like price made a pullback under the Ascending Channel.
Price closed with Bearish Engulfing which act as our Entry Trigger (ET).
Short Position
SL: Just above the Minor resistance (140.618)
TP: 2.19R - Just before Major Support
Note: This post is my personal journal/opinion only. Please trade at your own risk.
GBPCHF (1D): A Short-coming!GBPCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018)
- Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves.
Suggested Trade:
Entry @ Area of Interest 1.3020 - 1.3080
SL: 1.3162
TP: 1.2802
RR: Approx. 1.73 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
