DXY Broke and Holding Below Support. Now Resistance?96 seems to be the battle ground. Long EU for now and a usdcad trade you could take off this chart
Hourlychart
EurUsd Time to be BullishEU broke finally broke through the resistance zone. Lets see how far it can run
EurUsd Short Hourly Chartthis trade is based off the DXY idea linked below
From this point on I will be posting DXY and EURUSD charts ONLY. If you want my analysis on a specific pair you have to message me.
DXY Update + UsdJpy TradeDXY has been breaking key levels of support and is currently holding under 97.1; giving me a bearish outlook on usd/xxx and bullish on xxx/usd.
IMO UsdJpy is offering the cleanest chart and the best R/R so I will be trading the yen in correlation with this chart, click to view trade idea .
If we get above 97.7 that would invalidate this idea and I would look to get long on a retest of this key level (if conditions are correct). However I don't even want to think about longs until we get down to that 96.5 area. Charts and Updates to come
DXY Broke 97.5 and held. Expecting Bounce to Fresh Supplyhere are a few plays we can take based off this chart EurUsd and UsdJpy
I also closed my shorts for now over here
DXY Hourly Chart. Start Looking for Short Plays off 97.30 - 97.5DXY is starting to get into selling territory. Expecting to see a test of 97.3 to 97.5 and if conditions are correct i will be taking a position in EU and possibly a few other pairs
I will link a USDCHF chart I see a few plays on as it seems to be correlating with DXY the most of the basket pairs. More charts to come as we reach 97.30s in DXY which would be roughly .95 in usdchf
GBPAUD 300 PIPS TO CATCHFOREXCOM:GBPAUD
Hello Traders, this is the analysis on GBPAUD . A double bottom has reached its height, we expect a retest of the neckline and a continuation of the down trend. Entries are on on the chart and if there may be a bullish continuation I will update.
Remember we can only react and not predict the market.
AUDCAD Hourly Chart Short IdeaSticking to my previous Bias of AUDCAD short, due to the strength in CAD.
Scaling into the Hourly TimeFrame, Waiting patiently for a break and re-test of the support level (derived from a weekly chart)
Looking to get at least 1: 2 or 1: 3 R/R ratio on this move.
USD/CAD possibility of short breakout!! {hourly chart}hello traders wish you have a good day in your real life...
it s a good setup for breaking down however im waiting for more information.its a 50 50 possibility either it goes up or down , if moving averages passes the box it could be a good sign of setting up a daily short trade !
let me know your ideas in the comment that ll be helpful ...
have a green portfolio in your life!
USDCAD Sell Opportunity The USDCAD has been stuck within a box on the Daily chart...
It then broke below the range on and now trending down on the hourly chart
Had a couple of days of move down and now a couple of days of RANGE tight... sideways
Chances are it might break out into WAVE 5 down...
Lets Find out...
warning: it's Friday so it might not breakout or if it does there will be a decision to make whether to keep the trade overnight?
my personal choice would be close with profit or loss at the end of the day. But it all depends on your trade plan ...
USDCAD Sell Setup One H1 Time FrameThe USD/CAD has formed a 3-4 Setup One Short on the Hourly Chart
On the Daily, we can see its stuck within a tight range
That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5
Meanwhile, price is hovering near the Lows of the Range.
Drop the H1 chart and you find a Setup 1 short. But there are several options at hand ... lets watch the video
GBPAUD ANALYSISFOREXCOM:GBPAUD
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see price has been ranging.
A possible bearish rectangle is in formation which has happened for days notwithstanding the downward movements on 4 hour timeframe.
In this type of scenario, price is expected to make a move to the downside. A bearish continuation.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
If price can push through the ranging or consolidating zone we can see a further push downward from the box zone.
Also price has clearyl rejected the resistance zone and looking to break the support to the next support zone
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below.
GBPUSD FOREXCOM:GBPUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside .
After an impulse we expect a correction otherwise known as a retracement.
Since market price moves in waves, Price can retest the box before making another impulse to the downside. Making a move to the target of 1.19768
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
With this over 200 pips can be caught.
Kindly note that there is a downtrend line drawn for easier visuals.
Monitor price action on the 4H timeframe; Entries will be initiated using one hour or four hour timeframe.
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
USDCAD ANALYSISFOREXCOM:USDCAD
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see price has been ranging.
A possible bullish flag is in formation taking on short impulse and correction moves.
In this type of scenario, price is expected to make an explosive move to the direction its coming from.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
If price can push through the resistance zone we can see a retest to the resistance box turned support.
Market moves in waves hence we can see a pictorial movement of price with the arrows
Reason why price can make such move to the upside with over 900 pips given is because of the ranging pressure .
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below.
EurUsd Hourly TradeThis trade is going to be the start of my paper trading account. Ive been watching charts for a few years now and its about time I get some "real" trades on. I will be making videos with the TradingView platform tracking the progress of a small account for a few months follow along if youd like.
ZRXUSDIchimoku is showing further strong sell signals on the hourly chart - TK cross below the Kumo, Chikou-Span below price, and the future cloud wide and red. My next target is the 200 MA, where it will possibly find support.
Not advice. Good luck to you all.
Gimme hope Joanna gimme hope for this ship to turn around!Hey all,
As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
USDCHF Update! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
USDCHF Will price reject the 200 EMA again on the Daily? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CAD JPY intradayQuick scalp before the US market opens at 14:00 GMT.
We saw a good consolidation on the hourly box around 77.30-77.6 range.
We entered at 77.50 on a good rejection wick which formed.
CAD is a commodity based currency so with that the being said against a safehaven asset like the Yen we saw a good opportunity to keep the long going upto the supply zone at 78.1 area.
We are now risk free.
