GBOUSD Breaks trend to target previous highs- Divergence on the MACD
- Break of short to medium downtrend
- Overriding uptrend
- Bearish USD bias
- Bullish GBP bias
Forextradingzones
Dollar/Yen Long Position | +27.6 pipsLong position on (EURUSD) +27 pips.
Clean and simple trade setup taken earlier today, price formed intra hour support starting at 1.19506 and second bounce at 1.19590, our 3rd bounce happened with our intra hour resistance trend-line meet up, as you can see we have two trend-lines ( Support & Resistance ) red and green blocks have been added to show this better, red (Resistance) and green (Support) our resistance trend-line started at 1.19387 and 2nd bounce at 1.19712 - we then failed to hold below this level and found a break and closure above, our closure above set at 1.19884 and then we corrected back down to re test the support trend-line and previous resistance trend-line that's now new support, we also tapped into the 61.80% fibonacci correction tool, 4+ confirmations, stops were set below the 61.80% at 3 pips and target into previous highs for +27 pips | If you have any questions on this then please comment and I'll reply as soon as I see the Q | I will appreciate a thumbs up :)
NASDAQ IS ABOUT TO MAKE A 50/50 JUMPNasdaq has been stuck in a range. if it breaks resistance 13855.00 it'll push higher to create new highs at 14000.00. whilst on the bearish side if price breaks the counter trend line. it'll head towards the next level of support 13666.00 to 13530.00
GBPUSD SHORTFX:GBPUSD
SELL WITH PB THE ZONE AND SEE SIGNAL BAR AND ENTRY BAR AND SETUP 1RISK/+2REWAR D
gbpaud 4hwe will enter the market when it will come on our way..........always follow your risk management
nzdusd dailywe have a great time to trade on the nzdusd. after the breakout, the strong channel market already tests the bounce zone. so now we can enter the market with our risk management
eurjpy 4heurjpy at the nice zone. but we need to wait for a breakout and retest this level. again it might be a bounce from this level
EUR/CAD - Trade idea EUR has seen strength the past week or so an the CAD has seen weakness, we are seeing consolidation on the lower timeframe so we have set up this buy if price breaks the consolidation to the upside, we will look for exhaustion and entry confirmation for a buy to our next major level of battle between buyers and sellers. we will monitor this one closely as we predict the CAD will gain strength with some countries opening up next week and oil demand said to rise.
GOLD SHORTWith dollar strength, um expecting a major decline on gold. if price breaks the C.T.L it'll retest it for a push downwards. or a lower high will be formed thus expecting a lower low.
GBYJPY Bears still pushing to the downside- Strong momentum
- Previous legs down have been sharp
- Similar corrective move
POTENTIAL SHORT ON EURUSDPRICE COULD POSSIBLY RESPECT THE DESCENDING CHANNEL AND FALL FROM HERE.USE PROPER RISK MANAGEMENT
USDCAD Bearish setup 4hrReasons for trade:
- Price retesting resistance
- Bearish bias
- MACD cross going down
- Moving averages above price - not in order yet
AUDUSD ranging until confirmation of upsideHere we have seen AUD recover previous losses as the bulls are waiting to go higher. For me, I would like to see further confirmation past the falling trendline to complete the 3rd and final test.
- Hold for a dip to break through resistance
- Re-enter when price breaks highs and retests
- Jam stops at 50+ or price action permitting
- Scalp using MA strategy to target for additional entries
PLEASE SEE RELATED IDEA FOR PREVIOUS ANALYSIS
EURUSD Bullish plan - Week14Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths.
Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for confirmation although the front run has already begun. Trade the plan:
- Wait for a break above resistance
- If broken, hold for a pullback and retest
- Enter on support with a tight stop loss
- Trade on the 4hr/1hr chart
PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
USDCHF in correction before breaking support- Divergence on the MACD
- 2 strong legs down to support
- Price in correction before more downside move
- Wait for confirmation before entry
EURCAD short valid🇪🇺🇨🇦✅Morning traders.
Bank holiday I know but I like this pair so thought heck why not.
The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short.
The trade is just shy of 1:3 risk reward trade and is well under way.
As with all my idea strategy test data can be found at the bottom of the screen.
The data shown is for year to date performance but I have traded this pair for over a year now with great data stretching back to Jan 2019.
Data is based is on £2000 starting capital risking 1% per trade has seen 27% ROI so far this year.
Having the strategy tester enables me to enter the markets with a proven trading strategy.
I don't recommend jumping on random TradingView ideas as this is no way to build a trading plan or consistency.
Lets see how this one plays out.
For any questions on the strategy in use feel free to drop me any questions.
Thanks for taking the time to read my idea.
Rich.
GBPUSD Sell Signal GBPUSD making short movement with the targets which are given in charts. Entry till 1.13570.
Strong potential trade.
has reached the h4 top bottom now it will move back lowest of last month
EURUSD Buy Signal EURUSD Buy Signal
Long positions are 1.67% lower than yesterday and 15.37% higher from last week
USD likely to fall upcoming two days and so next week. EURUSD is at support zone.
plunges nearly 3% off March high– bears vulnerable into support / monthly close
Support objectives eyed at 1.1695 & 1.1.1622 – risk for further losses sub-1.1845
EUR/GBP: Bomberman! 💣💣💣The Euro had a tough time against the British Pound pretty much since the second half of 2020. Now that the course has entered the yellow target box (0.86035 GBP - 0.84199 GBP), we expect a massive turnaround that will let the Euro valuate against the Pound. As it is indicated in the chart, we have already entered this market on the long side and expect the price to rise above 0.92916 GBP.
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