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GBPNZD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes. on M30: GBPNZD is forming a head and shoulders pattern (still an idea) so we will be waiting for the right shoulder to form to consider it valid. Trigger: Waiting for a momentum candle close below the gray area/neckline to sell. and until the sell is activated, this one would be overall bullish and can still trade higher. Good luck!
Short
by TheSignalyst
60
EUR/USD - We got the break of structure!Good morning traders! Check back to last week where we predicted a break of structure on the pair. Well, we've seen that. Look at price now respecting and finding support at our already marked key level in the market. With bears looking pretty strong will we see a break of this level and further movement to the downside this week? Look closely, and you can see our ascending trendline has been used as dynamic resistance. Price broke the line to the downside, came back to retest the line before falling. This is a great bearish confirmation to enter a long term short position. Happy Trading!
Short
by Jal121
NZD/USD - Textbook Break and Retest SetupsNZD/USD has been on a long term uptrend since March 2020. Zooming into the 4hr we can identify an ascending channel that has been respected for some time. Here can see that key levels are being broken to the upside and price is coming back to retest the level as support. From these levels we can take out long positions as a break and retest setup. It will be interesting to see whether price continues it's bullish move and break through the 0.73 whole level, already once respected. Drop me a message if you'd like to ask any questions.
Long
by Jal121
EUR/USD SIGNAL (Short term sell)TOPDOWN ANALYSIS: Shows bullish trend being broken (with large 4H candle break below trendline) ACTION PLAN: 1.) Wait for pullback/ retracement to 1.22467 price level 2.) Look for a wick rejection and an bearish engulfing = enter with a 1:3 Risk reward MAGIC IF: 1.) If price pulls back above trendline and consolidates = wait for another bearish break and retest 1.2) If price pulls back above trendline and shows large bullish momentum candles (large body but small wick) wait for a break and retest above previous structure highs (then look to enter a buy) 2.) If price continues down without retesting = Don't enter (because of possible entry at exhaustion) but wait for at least four bearish trend confirmation LL, LH, LL, LH Reasons/ Confluences: .Price has not yet reached monthly High and has broken bullish trendline structure .USD News event strengthening the dollar .Large 4H candle close below trendline TIPS: .Enter a sell position with a sell stop .Once price has moved to 1:1 risk reward, move stop-loss to break even and possible exit (if candles show exhaustion) .Never enter a trade hastily (there will always be more opportunities)
Short
by MT-Team
SILVER waiting for a trigger to sellHello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SILVER is sitting around strong resistance 27.00 in blue so we will be looking for sell setups on lower timeframes. on H1: SILVER formed a valid trendline in red so now we are waiting for our trigger to confirm the bearish movement. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone. As price approaches our lower green support, we will be looking for buy setups. Good luck!
OANDA:XAGUSDShort
by TheSignalyst
21
GBPNZD => Waiting For Our Trigger To Buy!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY : GBPNZD is sitting around a strong support area in green so we will be looking for buy setups on lower timeframes. on H4 : GBPNZD is formed an inverse head and shoulders pattern so we are waiting for a break above its neckline to buy. Trigger: Waiting for a momentum candle close below the gray area/neckline to buy. and until the buy is activated, this one would be overall bearish and can still test the lower green level before going up. As price approaches our upper blue resistance, we will be looking for sell setups. Good luck!
Long
by TheSignalyst
17