AUDUSD SELL ideaA simple trend line analysis trade with my personal confluences to confirm, may see some retests before it hopefully goes short.
Confluencetrading
Long on Pullback | Strong Zone of Confluence-Descending TL breakout, pullback to retest confirmed
-Major previous area of S&R
-Respectable ascending TL
-MA50/100/200 slowly shifting momentum (could commence a new bull run next month)
Short term target: 1875
Mid term target: 1894
Potential Pullback | Long Setup on Confluences-Descending TL breakout, retest expected
-0.5 fib retracement
-Previous resistance now support
-MA50 shifting momentum
Potential Pullback | Short Setup on Confluences-Ascending TL breakout, retest expected
-0.618 fib retracement
-Previous S&R
-MA50 momentum shift
Cancel trade if we hit support before pullback
EURCHF | Perspective for the new weekI see everywhere possibilities that the EURCHF will continue to march higher in the coming week(s) as Buyers continue to hold strong at Demand level @ Fr1.07100/1.07400.
Tendency: Downtrend ( Bearish )
Structure: Channel | Trendline | Supply & Demand
Observation: i. The Descending channel guides price to Fr1.07400 followed by a sharp rejection of the Demand zone to see price action float above Key level @ Fr1.07600
ii. It is worthy to note here that the meeting of Descending channel and Bullish Trendline(day chart) at the Demand zone is a strong confluence for Buying opportunity at this juncture in the market.
iii. A significant Breakdown of CA$1.07100 shall consider this bias invalid.
Trading plan: BUY confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:4
Potential Duration: 7 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Pullback & Continuation Setup-Descending TL breakout, pullback to retest confluences expected
-0.5 fib retracement
-Previous resistance now support
-SMA50
T1 - 1864
T2 - 1873
Price target till february 2021. Thoughts please.Price target of $220-230 because the confluence of :
- Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low
- Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low
- Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low
- Low side of the parallel channel formed since the IPO
- Low side of the broadening wedge formed in December 2018
- Price target of the new descending triangle forming since 16 November 2020
- MACD convergence divergence negative in Weekly
- Chinese regulations risk
- U.S delisting risk
But probably trend reversal in first weeks of February 2021 when :
- New democratic POTUS arrive to the White House in 20 January
- New Alibaba earnings release between 02-09 February with sustained growth
Please leave your thoughts to create a better community with better ideas. Do you think I'm right or not? Why?
I'm from Barcelona so sorry if there are some spelling mistakes :)
AUDUSD Buy and Sell set upHello everyone
Here's the latest AUDUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
Confluence TradeLonged the val of the current range confluent with a minute pivot, 50% fibo, support trendline.
I'm targeting the vah of the range for tp1, and below hourly pivot 3 for tp2.
Remember this: You only make money when you manage your risk.
Keep it simple, manage your risk, and don't get rekt!
//disclaimer: This is not financial advice.
Long on Pullback | Trend Continuation | Swing SetupLooking for a pullback to retest previously broken resistance area (which is now the key support) in confluence to our 0.618 fib retracement and ascending trendline. Expecting trend continuation until 78.000 psychological resistance where we should be able to take profit.
If TL breaks below will look for short opportunities.
Short on Pullback-Respectable descending TL, retest expected
-0.618 fib retracement
-Previous support now resistance
-MA50 momentum shift
Simple Trend Trading Strategy! Trade the intraday trends with ease! Stack the confluences to a high probability trade and execute!
Pull back to between Fib zone 0.382 - 0.618, small counter trend line within overall trend, entry on a momentum breakout candle.
Bobs your uncle!!
Short on Pullback | Strong Zone of ConfluenceFollowing the recent impulsive breakout of the ascending TL... we will be looking to enter shorts on a pullback to retest it in confluence to the 0.5 fib retracement, previous area of support (which is now key resistance), and the MA50 which has shifted its momentum to the bears.
EURJPY AnalysisHeya! all here is my bias for EJ, as I shared before (already link the my idea down there) now I'm looking for longs.
XAUUSD Short: 4HR Analysis I typically trade Gold on 1HR & below but this 4HR set up caught my eye
Confluences:
- Rising Wedge
- Clear Downtrend
- At an area of resistance
- Trend Meets Resistance
Ways to Enter:
Conservative: Wait for price to close below that last area of support (1901.251) then enter.
Aggressive: Have a sell limit at resistance area or sell once price reaches resistance area.
LIKE, COMMENT, and FOLLOW
*tell me what you think of the idea and tell me if you took it :)*
AUD/CHF Expecting the price move down to supportYo traders,
Simple trade idea.
Have marked the support and resistance on the daily TF. The price bounced of the support and is moving correctively towards the resistance.
On checking the FIB level on the last swing the price is now touching the 61.8% Fib level which is in confluence with the resistance.
Looking to go short on 4H tF based on price action
Please like support and comment your thoughts.
Thanks
Madtradex
USDCAD Buy and Sell set upHello everyone
Here's the latest USDCAD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
Gold UpdateNot much has changed, keep up with Fibonacci golden retracement zone 50% & 61%. Fundamentals playing a big part here. Anyone that rode (A) Leg on the wave did the right thing, over 500 pips there. We are reaching a strong resistance now with signs of rejection. I’ll be looking forward to another discount on gold near the golden zone again ( or lower if possible during election time in the US).
Trade responsibly.
ZECUSD Fibonacci Level 0.382 Price Level 70.36644460ZECUSD Fibonacci Level 0.382 Price Level 70.36644460
GBPUSD Buy set upHello everyone
Here's the latest GBPUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
EURUSD Sell set upHello everyone
Here's the latest EURUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
