Pipsfordays
GBPCAD SHORT SETUP hi
trendlines, fibonacci, sup/res
read the chart and use your own risk ! :)
goodluck
take profit target around 1.59759 - 1.59287
your stop loss will be around 1.65548
Gold Short Potential 200+ Pips Looking For Gold Shorts around 1520 area.
"There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday.
AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally.
Tomorrow, we will have more News release however with the Fed Member Quarles speaking, I believe we are in for yet another huge drop.
When price enters my zone around 1520 or blue trading bubble, I will be looking for entries as follows:
SELL LIMIT @ 1520.50
SELL LIMIT @ 1522.50
SL 1525.50 (WILL RE-ENTER IF SL IS WICKED OUT)
TP1 @ 1510.85
TP2 @ 1502.50
TP3 @ 1494.50
NZDUSD LONGWith the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as it takes, the imbalance zones are very noticeable on the 4H time frame and leave large indications to exit areas and signs of reversals which can create potential re-entry points.
Lets see what happens
AUDUSD FOR THE ONE THAT MISSED IT, ROUND 2 INCOMINGAUDUSD short trade, this was posted live on my instagram, follow me to always be updated: pompaeyfx
the price will go down to the target, it may make a pullback after the 3 touch of support. if it does then you can still go short and take more profits!
like and follow for more
GBPNZD SHORT TRADE gbp/nzd short setup, broke the trend line and retest, weak on resistance
target is grey box
follow me on instagram for daily setups ! pompaeyfx
USDCAD | Swing Short | update v1.8Where are all the long/bullish teenage teenie boppers at now?
I think they probably had their accounts blown because they over leveraged and are hiding in their parents basement.
Called this since v1.0 on usdcad, sure, it was a little early, but along the way if you used multiple entries with multiple exits on a trade that hadn’t been invalidated then you would have cost averaged with me and been laughing your ass off to the bank.
Although this has significantly more room it won’t be worthy of anymore analysis. It’s an easy one, throw your fibs and on pullbacks/retracements short and don’t get greedy, as long as you close in the green the account will continue to grow.
Will be looking for new opportunities next week. Until then, you know what to do.... study, study, and maybe do a little drinking in between, but definitely get back to studying!
CADJPY longI am looking to catch this retracement on CADJPY before going long for about 100 pips.
Entry on 0.382 fib with my stop just under the 0.5 level and using the 0.27 extension for a target.
USD/CAD. THE TIME IS NOW!!!A few weeks ago I published an idea on USD/CAD (see attached) we've now had the breakout we were looking for along with a perfect retest of the trendline. I personally missed my preferred entry of around 1.3334 which as you can see from the 4H TF had created a triple top respecting resistance zone, This is also backed up on the Weekly TF as we have a lot of rejection of the 1.3335 zone. I have since entered @ 1.3180 with a stop loss at 1.3320 (which I may adjust if necessary).
USDCAD Looking solid for the next week.AS DXY LOOKING WEAK.
Weekly closed weak. Big wick to 1.3300 region.
Respected Daily A.B pattern.
Daily also left a BIG bearish marubozu candle.
And a previous uncertain candle closure after that.
4H we can see a retest up towards weekly Res
1.3250 Region before further downside.
If the trade went downside before our risk entry we can wait for entry 2.
Waiting for 30min-1H Entry formation.
Wish you a good Friday!
EURUSD longA follow on post from my EURUSD break or bounce scenario. After price showed signs of a reversal I have entered a long trade and here is why:
After a few daily wick rejections to our zone at around 1.1100 and our broken descending wedge formation I started looking for opportunities to go long.
On the lower timeframe price began to reject a smaller descending trend line (purple) in which I was waiting for a breakout from. Price printed a bullish engulfing on 4H breaking out of this trendline, after this I spotted the double bottom formation in which I entered my trade at the neckline.
This entry was aggressive, and I would have liked to see price retrace to the broken 1H ema which it may still do.
I am hoping to see DXY fall which would give further confirmations of EU longs.
Happy trading!
New Instagram account @andy.fxtrades. Will be posting regularly on there also.
CHF/JPY BUY SETUPBUY SETUP CHF/JPY
HERE I GIVE YOU MY BIAS ON THIS PAIR.
HERE I ALSO USED THE FIBO RATIOS TO DETERMINE OUR ENTRIES.
ONE MORE CONFIRMATION I USED IS TO CHECK JPY/CHY WHERE IT SHOULD GO AND THAT PAIR SHOULD FALL FURTHER.
YOU CAN USE THE SMALLER TIMEFRAMES TO GET YOU A SNIPERENTRY.
ALSO YOU CAN USE THE GREEN AREAS AS PARTIAL TAKE PROFIT AREAS, AS PRICE NEVER SHOOT DIRECTLY TO THE MOON.
AND THEN LET PRICE CONTINUE FURTHER.
ALWAYS USE A GOOD RISK MANAGEMENT AND BE PATIENCE!
