Breakandretest
CHFJPY 3R sell IdeaCHFJPY is showing LL and LH on H4, recently broke important level, which acted both as resistance, support, and now we can expect it to act like resistance again. If the price will show signs of weakness during possible retest, then chances are we can see one more bearish push.
USDCHF Long Analysis - September 29, 2020USDCHF closed on the daily timeframe right on equal highs
This is break and retest strategy
Currently price is below the 0.92000 key level
Awaiting for price to break above and test, there is a small 1 hour resistance right at 0.92000. Once price breaks above this, this is a valid buy. Stop Loss below the support level.
USDCHF, break and retest.Price is currently in a pullback on the 4H chart. Drop to a lower time frame and wait for a reversal pattern to form before taking a bullish trade.
AUDJPY BIAS We got price holding at weekly demand i had drawn up ( green zone ) and is creating support as you can see on the 1 hr timeframe and the 30 minute timeframe as well .Price can either break demand retest and follow through or reject and go to the upside , from what i see im leaning towards the idea of price going towards the upside BUT , you can never be to sure , only take the clues and hints the markets give you and never pull the trigger unless your 100% sure of the outcome ! , Happy trading everyone :)
This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
UsdCad Long IdeaUsdCad's on the watchlist today,,
Break of the channel and currently re-testing,
I'm going to wait for the 4h candle close before deciding on a trade,
We have 2 target options,,
TP1 - daily ema around 90 pips
TP2 - top of the chanel (long term)
USDJPY, price in S/R zone.Price could decide to reverse in this support and resistance zone and continue selling. Or we may get a 3rd hit to this trend line before we see the start of another bearish move.
EURNZD Trend coninuation?Long
Break and retest + lower timeframe entry and higher timeframe target H4 or H1.
38% fib retracement lines up with the zone aswell
AUDUSD, look for sells.Price has broken out of a long term uptrend and has formed a lower high. Wait for price to pullback and then look for sell setups. Happy trading!
USDCHFLONG -
Break and retest + confirmation candles on smaller timeframes (1hr).
Big reward risking 1%.
EURJPY, look for sells.Price has broken out of a Daily range. Price could decide to retest the zone which it just broke through. If not, drop to a lower time frame and look for other possible bearish setups. The green support and resistance zone could be an area to look for buys once price respects this zone. Happy trading!
USDCHF, ranging.Price is currently in about a 180 pip range. Sells can be taken at the top of the range or buys at the bottom once a reversal pattern forms on a lower time frame. Eventually price will breakout of this range and continue trending.
GBPJPY lining up nicely a decent RRR shortThis setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean divergence across the Histo throughout the lifespan of our channel, giving a clear indication of price manipulation. i will not just short this pair based on strong bearish momentum. I am either looking for a pullback to the highlighted area, or I am looking for another push down, followed by a continuation in an LTF that may present our entry. Targets are FIB EXT targets based on the channel parameters.
NZDUSD SHORT IDEAPossible continuation of Bearish Movement upon retest of the previous higher low. R:R is 1:5 and 1:11...
Best of Luck
Long on EU (Daily)Here I have a potential long for EU, depending on the closure of the daily candle. I would like to see movement to the upside and break through the structure of 1.18632 to reach the wick in the region of 1.19170. I would naturally expect price to retrace back to the structure and ideally use it as a support to then continue to the upside and reach the initial target of 1.20. I know this is a very ambitious trade but I still believe that the EURO is strong, and will overpower against the DOLLAR.
Obviously this is my own personal trade and I highly recommend that you carry out your own analysis before entering a trade.
We also have so high influence news from both Europe and USA, which will make the markets extremely volatile, so we will need to keep this in mind during the trade.
Use the correct risk management and happy trading.
