EURUSD SHORTPRICE BROKE BELOW A WEDGE AND RETURNED INTO A S/R LEVEL. SO I'M WAITING TO SEE PRICE GIVE ME ANY RETEST/CONTINUATION PATTERN THEN I'M GOING IN.
Ilovetrading
UPS RetracementHello traders!
Entered a sell at resistance point.
Falling nicely under VWAP.
Waiting for a break of 50EMA for more aggressive entry (I'm already in short)
Although I'm bullish longterm (Especially with holiday season around the corner) I am looking for a retracement here.
Will be looking for buys at the green box. (Gap to fill area)
I like the confluence of the Fib levels with support.
This is not financial advice. Share your thoughts with me <3
DXY_MONTHLY/WEEKLY OUTLOOK PT 1 DISCLAIMER:
THIS CHANNEL IS MADE FOR EDUCATION PURPOSE. WE ARE NOT FINANCIAL ADVISORS NOR WE ARE TELLING INDIVIDUALS TO TAKE TRADES. ALL IDEAS ARE BASED UPON TRADERS ANALYSIS. TRADING INVOLVES RISK AND POTENTIAL LOSS OF CAPITAL. PLEASE STICK TO WHAT WORKS FOR YOU. EVERYONE TRADES AT THEIR OWN WILL. HAPPY TRADING AND CONTINUE TO LEARN
What's up Traders! *note this is a LONG TERM overview!
Here is my Long term view of the DXY. I am long term bearish on the Dxy due to the fact that we broke structure on the higher time frame. I do see a minor retracement happening to the upside but momentum staying bearish. I personally would not be surprised if we can see the Dxy reach the 81.00 mark area. As we are all aware, we are in a global pandemic influencing the print of the dollar by the monetary system. This results in demand for cash leading to a decrease of the USD.
2020 elections media stated Bidden is the 2020 president resulting in Trump's loss. We shall see what happens in the upcoming months WITH the dollar.
Momentum trading | Trading with strong trend this pattern works like magic. Just wait for the breakout , momentum will pick above our level... Risk reward ratio 1:3
USDCHF LONG POSITION AFTER A BREAK of trendUSDCHF ha estado en una tendencia bajista, actualmente ha hecho un quiebre en la tendencia y también un retesteo ; por lo tanto es un buen momento para impulso comprador con un riesgo beneficio de 1/ 8 hasta la zona de 0.618 que corresponde a un nivel de oferta de este par de divisas, Dólar contra Franco suizo.
US30 - SHORTDownward Trending Channel - Price is at Trendline resistance. Waiting for lower high for entry confirmation.
EURJPYOn EJ we experienced a clear push to the downside. We now looking to see a clear breakout and retest of the current price action shape that was formed before we get the continuation push phase to the bott resistance level.
NZDUSD SHORT IDEAPossible continuation of Bearish Movement upon retest of the previous higher low. R:R is 1:5 and 1:11...
Best of Luck
NZDUSD Short 1HRNZDUSD broke short at point A bursting through the support. The price action has now come back up to test that previous support as a new resistance level (Point B).
Once this breaks back through, this will be a good entry short placing your stop where indicated on the drawing.
There will be no take profit on this one but we will keep moving our stop to lock in profit until the trend reverses and stops us out in profit.
Remember you original stop should not lose you more than 1-2% of you account.
Happy trading. The Trading Box.
GBPUSD Chart Analysis - 8-22-2020 GBPUSD CHART: DAILY NOTES:
* DAILY:
- Price has had a 100% retracement.
It has trended bullish since March 24, 2020.
- (Question): Who controls price movement?
- Currently consolidating at a pocket of Demand.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Rising Wedge, Ascending Channel
(GBPUSD) CHART: 4HR NOTES:
* 4HR:
- Price is consolidating at the neckline.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Double Top (Reversal Pattern)
(GBPUSD) CHART: 1HR NOTES:
* 1HR:
- Price is consolidating at demand zone.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Double Top
KEY EVENT: Election November 3, 2020
Long OpportunityIf the price action closes as a en
bulish signal, then engulfing bullish signal, then it's confirmation to go long.
Gold is losing its worthBearish Pennant after Downtrend
Bullish Breakout occurred so that previous sellers in the continuation pattern get liquidated
The bulls got depleted after reaching 50% Fib, Gold could start moving in its intended direction once more!
With a downtrend market structure, I'd say that the price should surpass the previous low, so that's where my T/P is
It's 6 R/R trade, with S/L at 1975.341 and T/P at 1865.2
WAITING FOR RETEST!!!! AUDUSD 4HR (falling wedge)at this point of time i m waiting for the restest ... the pattern you seee up here is the clear fallling wedge .. waiting.. going long with the confirmation candle..the breakout is as you can see in the ecliplse..
correct me if i m wrong..
thanks keep smiling though
EURJPY LONG OPPURTUNITYThe EURJPY pair has been in a bullish uptrend on the H1, H4 and daily, a pull back to the blue zone would give a nice oppurtunity to go long and exit at a strong resistance level
NZDJPY IDEA FOR TOMORROWThis setup seems good to me. This is the kind of trade I like to take, one where price is respecting support and resistance along with it's trendline, aswell as counter trend line.
Also price action is looking good on this 4h timeframe.
Price also travelling above EMA.
I will most likely take this trade if nothing changes and of course if it doesn't make it's move overnight.
Trade idea#CADCHF
since #cadchf left the ascending channel, nothing good is happening. the pair greatly fixed below the horizontal resistance zone, so taking a short. stop-loss is above the resistance zone.
GBPAUD LONG IDEAPrice just made a double bottom at key level, 1.78653, are are now in an uptrend and i am expecting price to reach key level 1.84553 after the recent retest.
GBPUSD 1Dlong term GU. After failing to make an HH and instead break HL then make LL, the retace area has reached level 50 fibo from the last LW swing. it is likely that the market short GU is looking to the last LL swing level.
USDCHF TF 1HIn the USDCHF pair, the 1D time frame is changing bullish because it has engulfed the LH. Move to the 1H time frame to find a long position pullback with the upper LH target.
