GBPCHF 4HPrice has been consolidating around supply zone for the past couple of days. Price is trying to breakout of triangle now but I am looking to enter around the time of the GBP news in 2 hours. Price making higher highs & higher lows after breaking out of its daily downtrend line last week. Direction could go either direction thats why I am waiting to set my entry until GBP numbers are released...
Trade with care!
Higherlows
GBPCAD 60Called this one out a couple days ago after price was being rejected multiple times to break though support zone (Yellow Rectangle). Price then reversed and broke though counter downtrend line with a strong bullish move, GBP still having strong momentum in this pair would like to see a pull back (Higher Low) to retracement zone before going long. Good setup here, lets see how it plays out..
EURCAD 4H:Price previously was making lower lows & lower highs.. Price broke out of its downtrend line after failing to break strong Weekly support zone. Looking to see if price can create now new higher highs & higher lows.. Looking for a retracement back to fibonacci levels (Higher Low) before looking for a setup to go long.. Lets see how it plays out! : )
Trade with care!
Possible long setup on USDCAD?A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci.
Please feel free to share your thoughts. Thanks.
GBPUSD: new Try Brexit retest!The previous trade didn't go as planned, so why not another try!
With higher lows and generally good Candlestructure the trade looks very promising, Ideal entry would have been 1.29 (still open bids).
The Entry should be around the Blue Candle ( H: 1.30512, L: 1.28737) where it shows strong buy support
The Final TP area is around 1,47499, but taking off up to 50% till then, generally these TP1-TP4
If there is really nice bull momentum behind it add-on on dips will update the idea with intraday updates.
EURUSDFX:EURUSD Price seem rejected from the ascending channel resistance and initial support would be the Monthly RES @ 1.1350 with a 61.8% Fib Level , it gives an extra confidence for the uptrend bias. Meanwhile price also maintained above a rising TL (black color) & price will be having the 3rd touch on it with either a break/bounce we're ready for action.
Currently still recommend to trade with the uptrending directional bias so I would be looking to buy if any Price Action(PA) Signal appear to Long around the KEY ZONE - 1.1350
If & only if price, price manage to break below the rising TL (black color) then I shall ignore the buy at 1.1350 area and look to further setup. As Shooting Star PA occur at the channel resistance, this will push the price back into the channel once more or further decline into the channel bottom. Trade Well with own market analysis preference and risk management tolerance.
Happy Trading!
LONG BBRY (BLACKBERRY)BLACKBERRY SO FAR THIS YEAR HAS BEEN NOTHING BUT HIGHER HIGHS AND COMING FROM A BOUNCE FROM THE HIGHER LOWS( SUPPORT) THIS WOULD BE THE PERFECT TIME TO BUY AND TRY TO CRACK THAT DOWN-TRENDING RESISTANCE LINE.
THIS COULD REALLY GO TO THE UPSIDE WHEN IT PASSES 10$ PER SHARE.
MY OPINION IS THAT THERE WAS A BREAKOUT AT 7.95 ($400K BUYER AT OPEN)
LONG AT 8.50
NEXT BREAKOUT WILL BE AROUND 10 HENCE ITS A ROUND NUMBER.