eurgbp 4h eurgbp ............................wait for breakout and retest and then wait for a better entry point.
Forexforecast
USDZAR Triple bottom buying opportunityAnyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.
Am I saying you should buy the USD?? No, I'm saying DYOR.
Confidence level 8/10
Please like and comment your thoughts. Interested to know what you think about this idea.
Goodluck!
USDJPY Touching Structure -- Looking for Shorts on the RejectionWe are looking at testing the 108.65 zone as resistance. IF we reject the resistance wait for a push towards the 78% fib or the 88% fib on a retest and short there. You can also buy the trade towards the short entry as well on the confirmation.
Daily testing as support!
RR - 1:3.5
GBPCHF HEAVY SHORT OPPORTUNITY!!Last week, the COT data came out and showed that with time, the CHF has been becoming strong against the GBP and the technicals have been proving it. On the weekly weekly chart, the candle has flipped bearish meaning that the long impulse could be coming to a close. We are most likely to see a retracement on the weekly which will be a huge opportunity to short the market. I think the market will be heading down to the green line in time before a further push to the upside.
USD/CAD on the WEEKLY ChartHello Everyone,
Recently opened a position with unfortunately a low probability!!! (Bad Move Lol)
Let me know your recommendations or thoughts :)
USDCHF to move 77pips more for double topOn the 4h chart, this pair has recently tested the 50EMA which gives way for a double top, 77 pips above. This would be a scalp trade on the shorter time frames 15 or 30.
GBPCHF POSSIBLE LONG ENTRY!!!This pair has been trending up and on the higher time frame, there is still clean range to the upside for this pair to move and fill. With the evidence of a bullish pennant, i believe this pair to be pushing up further more to fill the range marked by the green lines. I also believe that according to the COT data, this week, the short move involving the CHF has happened already and the commercials have geared up for price to move up. (my opinion). We shall just have to wait for the report today to confirm that. Until then, it appears bullish.
What are your thoughts on this pair? Please leave a comment.
SHORT ENTRY ON GBPJPY!!!!This pair has been trending up and quite possibly could still be trending up, however, the market is currently at resistance evidenced by the trendline its touching right now. I expect the market to bounce off the trendline and move to the support area evidenced by the blue rectangle before continuing to the upside. What are your thoughts on this pair?
USDJPY BOUNCED FROM A VERY WEEKLY AND DAILY RESISTANCE ZONEUSDJPY has been bounced from a very significant weekly and daily resistance zone and may come for a deep pullback.
RETEST TRADE ON THE USDCHF!!Well, this pair has been trending to the upside, in fact it seems to have reversed direction into an uptrend but before that happens, a retest of the now broken 200SMA on the daily chart, has to happen before we can confirm an uptrend. Looking to take advantage of the existing opportunity as soon as the market breaks 0.92805 areas and closed below on the 1hr. The Fibonacci agrees with me, the technical side agrees since the market is in a resistance zone after an impulse. This could be a good Friday Trade.
ETHUSDLook above for 2900. 1600 and 2000 in extention.
Patience is key of successful trading.
Beautiful ETHUSD setup
SOMETHING INTERESTING ON GBPCHF!!!!!!!This pair has been trending to the upside until something interesting happened. The market created a long wick to the upside on the weekly chart, and the market as we speak is heading up to fill the wick and retest the broken structure on the weekly chart to complete the impulse and correction pattern. This can be seen with the ascending wedge as you can see. As soon as the market fills the wick, we could possibly see the market break the wedge to the downside and head down to retest structure on the weekly. As soon as the market breaks the wedge on the 1hr, will be looking for sells. What are your thoughts on this pair?
LONG OPPORTUNITY FOR EUR/JYReasons-
1) Higher timeframe trend is up.
2) Retail stop hunt.
3) Bullish orderblock.
4) Bullish breakerblock
5) Institutional orderflow.
Kindly trade at your own risk!
Good Luck ^_^
GOLD MAKING A PUSH DOWN?Gold has been in a channel but as you can see the channel is narrowing to the downside, and has tapped the upper trendline. If Gold can break the current support its on, then will be looking for sells to retest the previous low on the green line before a possible growth on Gold. Will be looking for buys if Gold can break the upper trendline. What are your thoughts on this?
USDCHF SHORT TERM ENTRY!!!!This pair has been among the trendy pairs for the past weeks. The market has currently broken the resistance line to the upside with a nice impulse. but after an impulse there is always a correction to at least the 0.382 of the Fibonacci retracement. Currently the market is in a resistance zone (purple rectangle) and as soon as the market breaks the low of the previous candle, the market with be retesting the 0.382 of the Fibonacci to fill the previous wicks before a further continuation to the upside.
GBPJPY IMPULSE OVER????The impulse to the upside on GBPJPY has been going on for some time and congrats to those that have been in the move. But as you know after and impulse there is always a correction to at least the 0.382 of the Fibonacci retracement which can ben seen on the weekly chart. Since the current bearish candle on the weekly has respected the high of the previous bullish candle, the market in the short run could be retesting the 0.382 on the fib which lines with previous structure. waiting for confirmation on the daily time frame to take a nice short on this pair.
What are your thoughts on this pair?
"GBPUSD" Longas we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly low which should be around 1.346xx which is in line with a zone that hasnt been fully retested!!!
CADCHF BUYPRICE EXITED THE ASCENDING CHANNEL AND IS CURRENTLY ON A RETEST. I AM WAITING AND LOOKING FOR A BUY SIGNAL FROM THIS POINT
AUDCAD BUYMARKET CREATED A NICE EXTENDED M FORMATION PATTERN. I ANTICIPATING ON IT RETESTING THE NECKLINE OF THE M FORMATION.
EURGBP BUYTHIS IS MY IDEA ON EURGBP. THE PURPLE IS THE PREVIOUS AREA MARKET CONSOLIDATED BEFORE IT FELL LOWER. PRICE HEADING TO RETEST THIS AREA
