GBP/JPY Short Trap Sell op 4Hr Timeframe
Wait for price to break 145. with a lot of momentum and get in at the top around the 145.500 area.
This should be a fake out and looks like an op to catch the ride down on the trapped traders.
However price is in a strong uptrend and it actually could break 145 and keep going up.
In this case I will look to get in on the second retest of the 145. Key Lvl.
Going to have to let the market come to us on this one.
Will update.
Priceactionsignals
USD/SGD Long Position Buy Op
Daily/4Hr
Price has been in a downtrend but it is looking like we may have a reversal/breakout happening.
The 50MA has crossed over the 200MA on the 4hr and may be pulling back to the 200MA on the Daily.
Will be looking for my buy entry on the higher low/50MA on the 4hr chart and 1hr for candle confirmations.
Entry AREA 1.33360
SL 1.33008 (35Pips)
TP 1.35000 (163Pips) 1:4.66 Risk/Reward
EUR/USD Possible Short. Sell Op 4Hr Timeframe
Price has started a downtrend and is currently in consolidation on the 4Hr timeframe.
Shooting Star and Marubozo candle on 4Hr Resistance.
Looking to get in on the LH/4Hr resistance or the pullback to the 50MA on the 1Hr timeframe.
Entry 1.21200 AREA
SL 1.21860 (66 Pips) Use proper Risk Management!
TP 1.17500 1:5 Risk/Reward
DON'T FORGET TO TRAIL YOUR SL!!
NZDUSD Continuation DownNZD/USD is showing a very good high probability setup. In this recent price action, price has broke out of a 3 touch structure in an ascending channel. After breaking out impulsively, we are now inside of a continuation flag. A break of this flag will confirm a clean Short Entry .
Follow for more Price Action Setups :)
EURGBP Bearish FlagEURGBP is currently in a clean bearish flag that has great potential if it plays out in a couple different ways. If we see a nice breakout on this flag in an impulsive way, we could look for potential Long positions. However, if we see corrective price structure near the top of its trend-line we could look for Short positions to the down side to stay in this flag. Regardless of what happens, this pair seems to have some good potential entries.
My NZDUSD outlook for the WeekThis week of September for NZDUSD is seeming to reach its third touch in a corrective manner. Previously we almost made a third touch but with news and continuing momentum price had fallen. Now that we are coming back up in a corrective way we can look for Short Opportunities to the downside, targeting the bottom of the bigger structure.
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