market execution: EUR/NZD analysisprice is respecting our trendline, we formed some reversal candlestick pattern around our key level of fib region, we may see a new lower leg being formed.
risk/reward ratio is 1:1.6
Confluences
market execution: EUR/USD analysisintraday position for eur/usd price has respected our fib reign of 78.6% which is also in confluence with our trendline. We can therefore expect the price to trade lower into our targeted region for a new lower low.
risk/reward ratio is 1:2
GBP/NZD market analysisthe direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions.
risk/reward ratio 1:2
DASH BTC LONG - GOOD SETUP1-retest of the triangle breakout to the upside
2- successful retest of the point of control (red line) meaning that buyers are in control
3- just trying to breakout the 0.008 resistence which also corresponds to the upper part of the retracement area (blue box)
A close above that level would be bullish up to the second blue box (fibonacci extension) which is at least a 16% gain.
GBPCAD SHORT IDEAPRICE ACTION
GENERAL TREND LINE RESPECT
SUPPORT AND RESISTANCE
HIGHER TIMEFRAMES
AS ALWAYS, JUST USING PRICE ACTION AND TRENDLINES...
COMMENT BELOW IF YOU AGREE.
4H TIMEFRAME HIGHER TF #SUPPORTANDRESISTANCE
08.04.20 London. Usd Short , Long GbpUsd/Jpy price is around 106.00 range. Broke Monthly Level and finally came back to revisit that level. Previous Daily closed as rejection. Forecast is Usd weakness & yen strength. Rejection of 71% Fib Level. EMA 20 resistance on a Daily Time Frame. Closed below 20 EMA on a lower time frame. Counter trendline 1 hr? Us News at 5:15 am PST Non-farm Payroll. News 7 & 7:30 Am PST.
GbpUsd - Bullish momentum. Broke thru monthly Level . Came back to revisit. Looking at GBP strength since US is weak against yen. Looking to buy. Structure is retesting broken key level. Daily closed doji. indecision. Waiting to break structure on a lower time frame. waiting for counter trend line to break 1hr. Daily EMA cross-over. Holding above 20 EMA as resistance. Will revisit pair . I have some alerts on price.
CABLES's next moveAfter catching +300 pips on this pair last week, cable hit our target and looks like it is starting to retrace . I am still bullish on this pair and actually i am waiting for a retracement down to 1.28 weekly key level & liquid zone & fibonacci & trendline . Multiple confluences on this area giving us a strong reason to believe that if this pair taps the above mentioned zone, it is going to sky rocketing . Keeping a close eye on this pair's price action.
EURUSD update and waiting for the sell setup to formon DAILY: as expected, price rejected our blue support and traded higher, and it is now retesting our upper green resistance so we will be looking for objective sell setups on lower timeframes as price approaches it.
on H4: we are currently holding a buy after a momentum break above the last swing that formed around our upper red trendline.
on H1: this one is overall bullish forming a channel in orange so we will keep holding our buy from H4, until the price forms a new swing around our lower orange trendline and breaks it downward. then we will close our buy and sell this one.
EURAUD top-down analysis (two possible scenarios)on DAILY: EURAUD is sitting around a resistance zone so we will be looking for objective sell setups on lower timeframes.
unless price breaks it upward, then a bullish movement would be expected.
on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its break downward
AUDCAD waiting for our trigger to sellAUDCAD formed a valid 3 confluences setup:
1- Head and Shoulders Pattern
2- Objective Trendline (in blue)
3- Divergence on MACD (in red)
our trigger would be a momentum candle close below our gray neckline.
GBPUSD LONG TRADE GBPUSD
This is my analysis for this trade, I post up all analysis on tradingview to keep track of my work.
On this pair i have a falling flag at the end of its run.
Break out forming the inverted head & shoulders.
now price has broken the neckline of the H&S looking for the retest to the go long.
i feel that price will consolidate for a period, then resume to the upside completing the Fibonacci pull back.
AUD/USD analysis breakdownwe could see price creating a third drive as a new lower high, respecting the 78.6% retracement region. we could expect the momentum to further drop towards the targeted area
-great risk/reward
usd/cad trade setupclear an transparent trade, we can see usd/cad creating momentum, we could tap around the trendline as our third drive respecting the 61.8% highlighted region as 4HR candle. Momentum could lift prices to 1.4200 levels
US30 Potential Bearish MovementUS30 Potential Bearish Movement
we are waiting for a momentum candle close below 23000 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Trendline (in blue)
4- Resistance / Round number in purple 24000 (in purple)
Three confluences are enough to consider Selling US30, after a break below 23000 (in gray)
once this trade is activated, our next support/rejection would be the red trendline so we will move our stop loss to breakeven as price approaches it
USD/CAD analysis: trade analysisprice has rebounded the third touch around the trendline, we could expect further downside pressure towards 1.4300. Risk/reward of 1:2
-price retraced to retest trendline and is now creating lower highs and lower swings to the downside.
EUR/GBP trade setupsimple break & retest, whereby the price is also respecting our key fib extension which is in confluence with our trendline... waited patiently for this trade.
-tight risk/reward trade 1:2
USD/CAD trade setupVery tight/clear risk/reward trade of 1:2.15 could see usd/cad creating a potential swing into the highlighted region before further downside pressure.
AUD/USD short; market analysisQuite simply put, price is still heavily bearish, and technically we have just seen an intraday break and retest on this trade around the 0.6741 which shorts were triggered. Am expecting further lows towards 0.5600 regions to be tapped.
- great risk/reward trade of 1:1.5
AUDUSD LongDaily Structure was respected. came to 88.6 FIB before being rejecting lower,
H1- Created a triple bottom, Bullish Engulfings, Cross of MA's, exhaustion
Trades Already Entered
1st @ 0.68658
2nd @ 0.68806
3rd @ 0.68761
TP's will be between @ 0.70300 & 0.70800
Will Enter more trades if the market provides it
USDCAD ShortDaily Trendline being respected
H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing
H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested
< H1 - Minor Trendline Break and Retest,
Already in the trade
1st Entry @ 1.30666
2nd Entry @ 1.30456
Going to be looking for potential entries to come in the week
Had entered early @ 1.30622 but got stopped out due to being impatient and not waiting for confluences/confirmation
USDJPY Came back up to Exhaustion Zone that has been touched 5 times since December 1st
Created a Evening Star Doji with a huge Bearish Engulfing on H4
Going to wait for a retest of 109.7 exhaustion / or a breakout below 109.45 with a clear retest
and Other Confluences (MA's, Minor Structure, candlestick Price Action) showing downside move
