GBP/CAD High Risk SellHigh risk fakeout sell setup. Against the 50EMA (Which its reacting to on the 1HR now) so it's high risk. Also against the overall trend.
Breakandretest
EURJPY - BROKEN TRENDLINEHello guys!
I will keep it compact as always:
1. Trendline is broken
2. Support zone is broken
3. Support became resistance
4. Momentum is underneath the EMA50
5. Now waiting for a pullback with some rejections on the 15M timeframe.
6. If it breaks resistance zone with some long candles, then I will be looking for buys after a pullback with rejections ofcourse.
And as I always say, IMPROVISE THE MARKET!
I hope you like it!
EURJPY H1, price can do one of these.Going from trade multiple pairs and now focusing on one currency pair for awhile has taught me to never believe that you are 100% sure about what price "will do". I have learnt that including multiple outcomes in my analysis is one of the keys to making better trading decisions.
Therefore, the above chart shows 4 possible setups that could potentially take place:
1. Price is currently in the middle of an H1 trend line and an H4 support zone. If price breaks through the red line it can sell to the support zone.
2. There is also the possibility that price could hit the H1 trend line for a 7th time before deciding to sell back to the support zone.
3. Price could also chose to break through the H1 trend line and hit the H1 S/R zone (break and retest) before selling back to the support zone.
4. Price also has the option to break through both the H1 trend line and S/R zone, retest it before continuing to buy back to the Weekly resistance zone.
Any of these options are possible, whichever takes place I'll be ready for it.
EURJPY H4, possible short trade!Confirmations:
- Possible Head and Shoulders pattern (right shoulder currently forming).
- Price could possibly hit the H4 trend line for a 4th time before selling.
- Break and possible retest in this same zone.
- Multiple lower highs which could signal a change in trend.
All of the above confirmations combined create an "energy zone" based on my trading strategy. Therefore, this seems like a high probability trade setup which can turn into a nice sell back to the green H4 support zone . If you look to the left of my chart you would see that price previously made two hits to this zone before skyrocketing into a beautiful buy. That is why I chose this area as my potential take-profit zone.
EURGBP: Break and Retest to ShortBreak and retest of the previous support complete, I now expect a drop to the previous swing low.
LAST KISS OR FALLS BREAKOUTAfter several tests, price finally breakout the key resistance area
And is now pullback to the area to say goodbye and the last kiss.
Strong support from buyers in this area could push prices up again.
bulls are sharpening their horns to fight bears in the area.
If the bears won, the price will be corrected to the Fibonacci levels.
This is a major watch in the upcoming sessions.
Thanks for your like and support
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Keep Your Charts Simple StupidI keep seeing charts that are very complicated. If they work for you and are consistently profitable then great don't change a thing.
If they aren't then go back to the basics. Start top down. Monthly, weekly, daily, 4hr. Key levels and trend lines all you need looking for confluences.
Need more help message me x
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