CADCHF SHORT OPPORTUNITYThe risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
Breakandretest
EURUSD: Downside Incoming ⬇️The break and re-test buy looked promising but the buying pressure could not hold.
We have now shifted the structure to the downside.
If price gives me a valid pullback with rejection, I will join the sellers down into my target region.
Price doesn't have to make a pullback, it could be ready to go to the downside from here.
EURUSD LONG BIASThis pair is retesting a monthly zone along with a break and retest of trendline and it looks to be making a higher low 2nd touch of a newly formed upward trend and all this is on a monthly chart. I'll be looking for break and retests on the Daily and 4hr charts timeframes in the upward direction... Will update once I get a setup... Keep your eyes on this pair this week...
GBP / CAD 1.69925 -0.41 % LONG IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
- completion of the INVERSE H&S ON higher time frames played out well
here's where we were last trading week
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest of either the 50% fib or 61.8 fib
* looking for trend continuation on this pair.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USD / JPY 113.380 - 1.72 % SHORT IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE USD/JPY .
- Price failed to rally with the bulls seeing a push down closed last week with a retest of support.
- should this strucuture hould and we see continuation of this move looking for trend continuation on this pair.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
CHFJPY - ShortWatching this one as a simple break and retest of the 4H support zone.
Will wait for price to retrace into that area and act as resistance.
Carefully monitor price action around that area before taking a short.
Candles must show sign of rejection - you can drop to the lower time frames to get a better entry.
Good RR possible.
Remember to use risk management and don't rush the trade.
EURJPY, approaching trend line.Price has been in a long term down trend on the 4H time frame for a few weeks now. We've been getting lower highs and lower lows. EJ has now gotten to a narrow point where eventually there will be a breakout into a buy based on the pattern currently forming. There is the possibility of price continuing to make its way lower to the 4H trend line before buying. I'm going to set alerts and wait to see what price decides to do before making any trade entries. Until I get a bullish confirmation I'll continue to look for bearish entries that fit my strategy.