simple trend continuation trading setup on GBPNZD. after the market has set a new structure low around 1.84, we see a pullback to previous structure level. now we can expect bearish continuation and retest of the market low. Key levels: 1.855 and 1.84
Hi there. Price may reverse at the bottom of the previous low to form a B wave of a possible continuation pattern to the downside. So, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
4H CHART EXPLANATION: On this timeframe price is on a Desncending Channel, and broke the middle trendline inside it. Also, on a higher timeframe, it did a fakeout of the Major Ascending Channel, so we now expect a pullback towards it to continue the upside move. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
Price is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR. Entry = Sell CLOSE below 1.8487 Stop = ?? Risk = 25 pips Profit target = 1.8409 ( The projected daily low ) Reward = + 76 PIps RRR = 3-1 I would appreciate if you leave a comment or like as a thank you Have a great weekend! Allen
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8468 Stop = 1.8488 Risk = 20 pips Profit target = 1.8366 ( The projected daily low ) Reward = +102 Pips RRR =5-1 2nd Entry = 1.8436 Stop = 1.8461 Risk = 25 pips Profit target =...
The Hidden Market Order
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Bearish price action and pressure. 4 HOUR Break below previous lows and support zone of short/midterm long holders. DAILY Market structure at a strong support zone, expecting some bullish price action now! -...
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8855 Stop = 1.8875 Risk = 20 pips Profit target = 1.8707 ( The projected daily low ) Reward = 148 Pips RRR =7.4 -1 2nd Entry = 1.8782 Stop = 1.8907 Risk = 25 pips Profit target...
Price is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR. Entry = close below 1.8858 Stop = ?? Risk = 25 pips Profit target = 1.8780 Reward = 75 Pips RRR = 3-1 If you like the idea, please push like and follow me, it motivates me to post ideas more often. And if you have your own ideas about the market...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Bearish market movement below previous lows. 4 HOUR Price action increasing and probably taking out long holders. DAILY Daily structure very bearish at its support now, expecting a bullish rallie or pullback...