Forextradingzones
SHORT SELL OPPORTUNITY IN CAD/CHFReasons-
1) Weekly trend is down as per 200 ema & Ichimoku Cloud.
2) Decisive rejection from daily range tops (resistance level)
3) Stop hunting took place recently at the top.
4) It's likely that institutions are creating liquidity to get their short filled.
5) Small risk for high reward possiby.
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK 👍
SHORT SELL OPPORTUNITY IN GBP/CHFReasons-
1) Weekly & monthly trend is down as per 200 ema & Ichimoku Cloud.
2) Current market structure is sideways/trendless.
3) Wyckoff distribution phase.
4) Decisive rejection from the upper range (key resistance) on the daily chart.
5) Small stop for reward 3x the risk taken.
6) Fibo golden ratio 0.618
Kindly trade at your own risk.
Good Luck ^_^
Game Plan #forexThe Chart: price has entered back into the weekly range into the near term support area. As long as price stays above 0.7080 the trend is still to the upside. Below that level the low end of the range (0.7000) will be in play.
The Narrative: The stimulus plan has been outlined and recent inflation numbers and retail sales have been announced. The short dollar trade is nothing new so there hasn't been much of a reaction to the recent news/data. The FED has been adamant about letting inflation run hot. Unless there is a more risk off tone to the equity market, we have to assume the downtrend in the dollar will continue even if it is sideways in the days and weeks to come.
LONG OPPORTUNITY IN EUR/USDReasons-
1) Weekly and daily trend is up.
2) Buying pullback in a uptrend.
3) Stops just got hunted by institutions.
4) Small stop big reward possibility trade.
KINDLY TRADE AT YOUR OWN RISK
GOOD LUCK 👍📈
Game Plan #forexEUR/GBP has been in a range for months now but is starting to show some weakness on a near term basis. If we can close below the weekly range low the 0.8932 area and remain below the downtrend line then the next stop should be the lows from November 0.8850. Given all the headline news about COVID and the UK it would appear to be negative for the currency but price is telling a different story for now. We have also seen a pick in the rate of change to the downside which may also be a sign of more selling to come. If we clear the downtrend line to the upside then the short play would be invalidated.
GBP/NZD GOOD SHORT POSITIONGBP/NZD is in strong DOWN TREND making parallel channel and respecting the TREND LINE RESISTANCE.Now its making lower high and going down look for good short position
apply your own money management
PATIENCE IS THE KEY
LONG OPPORTUNITY IN AUD/USDReasons-
1) Weekly & Daily trend is bullish as per 200 ema & Ichimoku cloud.
2) Price continuously making higher highs and higher lows on daily.
3) Previous resistance acting as support shows the conviction of the market participants.
4) Bullish divergence on 15 minutes (rsi).
5) Liquidity/stop gunt took place on H1 timeframe signalling that institutions and banks are also entering.
6) Possible reward much higher than the risk taken.
Kindly trade at your own risk.
Good Luck ^_^
LONG OPPORTUNITY IN AUD/JPYReasons-
1) Weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Inverse head & shoulders decisively changed the market structure from lower low to higher lows and highs.
3) On faster timeframes, price taking support on previous resistance actint as support showing conviction of the market participants.
4) Successful break & restest of trendline on H4.
5) Buying with small risk and big profit potential.
Kindly trade at your own risk.
Good Luck 😃
LONG OPPORTUNITY IN NZD/CADReasons-
1) Monthly, weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Decisive break of monthly upper trendline.
3) Higher highs and lows on the daily.
4) Previous resistance acting as support showing conviction of the market participants.
5) Small stop and bigger possible targets.
Kindly trade at your own risk.
Good Luck 😃
LONG OPPORTUNITY IN EUR/CHFREASONS MENTIONED IN THE PIC ITSELF!
KINDLY TRADE AT YOUR OWN RISK
GOOD LUCK ^_^
LONG OPPORTUNITY IN NZD/USDReasons-
1) Decisive bullish rejection from fibo golden ratio.
2) Hammer close at the support.
3) Previous resistance acting as support shows the conviction of the market participants.
4) Buying near the lower band of Bollinger puts more odds in our favour
5) Overall trend is up, we following the trend.
Kindly trade at your own risk
Good Luck ^_^
LONG OPPORTUNITY IN USD/CHFReasons-
1) Recent downside breakout making the noob traders open short positions.
2) Bank likely to book profits there and creating huge demand.
3) Stop losses of the bears getting triggered will also fuel the rally.
4) Monthly support is far important than daily support.
5) Buying long near the lower Bollinger band itself brings more odds in our favour
6) Bullish divergence on weekly (rsi)
7) Small stop loss and big reward capacity trade.
Kindly trade at your own risk.
Good Luck ^_^
USDCAD Descending Triangle - Long PositionUSDCAD Long Position
Entry: $1.26671
TP & RR: $1.27938 (2.25)
Stop Loss: $1.26107
REASONS FOR THE TRADE
Clear descending triangle with an increase in buying volume. Not much to say here, it is either going to go up in an explosive move or it will completely break down. I don't feel confident opening a short though. My long is very conservative with a Stop Loss below the recent low. The RR is somewhat decent, but I would definitely not rush to close my position once we are out of the triangle.
LONG OPPORTUNITY IN EUR/USDReasons-
1) Trading above 200 ema & Ichimoku cloud on weekly and daily.
2) Pullback/dips to the trendline.
3) Failed downside breakout of the H1.
4) Going with the trend and bears trapped.
Kindly trade at your own risk.
Good Luck ^_^
LONG OPPORTUNITY IN EUR/JPYReasons-
1) Trading above the 200 ema & Ichimoku cloud on the weekly & daily.
2) Selling came at the weekly resistance but all supply absorbed.
3) Bears trapped and likely to have their stop loss above the recent high.
4) We enter where the bears are having their stop loss so that we can have a small stop loss with high reward potential.
5) Going with the trend makes it easy.
6) Breakout after long consolidation + retest.
Kindly trade at your own risk.
Good Luck ^_^
SHORT SELL OPPORTUNITY IN GBP/JPYReasons-
1) Trading below the 200 ema on weekly.
2) Rejection from the upper trendline of daily and weekly.
3) Formed "W" bearish harmonic pattern on the H4.
4) Noobie traders likely to go long as on the daily it seems to be an upside breakout+retest, not knowing we ready to steal their money :)
5) Bearish divergence on daily (rsi)
6) Good Reward:Risk
Kindly trade at your own risk
Good Luck ^_^
LONG OPPORTUNITY IN GBP/AUDCONFLUENCE OF WEEKLY HORIZONTAL AND TRENDLINE BASE SUPPORT.
SIMPLE PRICE ACTION.
REJECTIONS FROM H4 SUPPORT SIGNALLING BULL RECLAIMING~
GOLD -XAUUSD BIG MOVE COMING UP!!!! (My thoughts and analysis)As we wait for the retest of the previous broken structure at 1906.92, the market is reaching the high at 1965.47, then retesting the broken level (1906.92), and the big move to the upside will most likely happen. Am looking on getting in on the retest trade on the daily after resistance has been formed and afterwards join in on the move to the upside to the high (green line) at 2075.92 which may be the next resistance gold may face in 2021.
How I approach potential phase range highs or lows After todays close the trend is bearish. If you wanted to sell you could use 1.2798 (green line) as your stop. That same green line would also be a buy entry for a reversal back toward the the high end of the range. At range highs or lows daily, weekly, or monthly are pivot areas that provide great risk reward opportunities to either play breakouts, reversals, or both if you sell the breakout and reverse your position.
