Trend Breakout | Pullback & Retest ExpectedAfter successfully managing to breakout of our descending channel, we will now be looking to retest the trendline on the 0.618 fib retracement area, to potentially open our long positions.
Pullbacktrade
DXY should go UP and EUR DOWN!Hey guys,
DXY should retrace and SO EURO aswell.
This can be a great confirmation in terms of correlations for your personal EUR/USD short-trade!
EURUSD Why Not to trade a pullback?EURUSD- we expect a clear pullback before further bullish continuation, as we posted yesterday. Now a pullback has started and why not to trade it? We spot a great double top formation. All we are waiting for is that the price have to make a new lower high, then a neckline break and a re-test of this new structure. This would be a great short opportunity. Be careful and monitor this trade if you take this signal. Move your stop to breakeven as soon as possible, to avoid stop hunting. Enjoy this setup! Follow MF_Forex for more analysis.
GBPUSD Fib Rejection | Channel Continuation GBPUSD just had a strong rejection off the outer 0.618 fib level, in correspondence to our current ascending parallel channel. We will be looking to see the price head downwards from here, and potentially retest the bottom trendline of the channel. Furthermore, the inner Fibonacci is also indicating a good area around the 0.618 level to open longs, as well as the strong S/R area highlighted in green, ultimately creating this "zone of confluence" where we wan't to open our positions.
HDFCBANK - Buy on Dipsif stocks sustains 9060-9030, its probably heading towards 1060 levels on the upside.
ADAUSDT breakout, Target ?(plz like and follow me)
$ADAUSDT breakout, what we expect is a pullback and then continue to move up with nearby Target 0.0700-0.750. We need to see BTC also same time💹
Thank you!
Trendline Retest | Short SetupAfter successfully managing to break below the ascending trendline, we are now looking for a pullback to retest it! We have a reasonably strong resistance around that area, and our 0.618 fib retracement also seems to correspond well. Furthermore, the current descending trendline could see a potential retest, hence why the SL is placed above it - ensuring the market has enough space to "breath".
Golden Pocket SetupThis is a follow up trade from my last USDJPY setup:
-Bullish trend within a wedge. Looking to retest lower ascending trendline for a long position.
-1H trendline break, looking for a pullback to retest the trendline.
-Golden pocket with our 0.618 retracement level on lower time frames.
-Respectable support area outlined in grey, hence why the SL is higher than usual
Looking to Retest the TrendlineEURJPY seems to be making its way back down in our respectable parallel channel. I will be looking for a retracement to our 0.618 Fib area, retest the trendline, and bounce from the corresponding support level outlined in grey.
MCDOWELL - KEEP AN EYE NEAR 570-550 zoneMc dowell has rallied about 25% in past 8 trading session and it also closed above it previous resistance around 570 levels.
Currently Its taking resistance T Fib extension levels around 616.
The structure of the stock is now of higher highs and higher low, hence any pullback can be an opportunity to enter long in the stock.
I will be eyeing 570 -550 zone for entering in the stock for the target of 700-720 levels.
The said view will be negated below 520 levels.
Pullback Expected | Long SetupAfter successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying right in between the two trendlines creating this "golden pocket", where we could consider opening a long position.
Looking for Retracement Expecting a pullback down to retest our ascending trendline on EURJPY, which is also in confluence with our 0.618 Fib level, and also the previous crucial support area. Furthermore, we expect to retest the breakout of the previous descending trendline.
Expected Trendline RetestAfter successfully breaking above our descending trendline, we have found resistance on the outlined area. Currently the price seems to be in a pullback phase, coming down to potentially retest the broken trendline. We will be looking to enter longs on the 0.618 fib retracemement level, which corresponds with the other 2 technical analysis elements that have been outlined.
Long Setup on Trendline RetestEURCAD just recently experienced a rejection from our outlined resistance area, failing to break it once again. This provides us with another opportunity to take a potential long trade on the pullback. Looking at the fib retracements, the 0.618 level seems to correspond well with our ascending trendline (which is exactly the perfect place to open our positions). My bullish bias will be changed if we see a breakout below of the ascending trendline. This all comes down to one single question - can it hold?
Long Pullback Setup | Swing TradeAfter experiencing another rejection from the previous resistance area, price appears to have shifted in momentum. We are moving downwards and expecting to see the price slow down around the 0.618 Fib retracement level. It also corresponds well with our previous resistance line (which is now acting as support), and on top of that, there is the respectable ascending trendline obviously.
[NZDUSD] Trendline Retest SetupWe managed to see a clean break of the ascending trendline looking back at the 4H time frames. Currently we are in a retracement phase, where there is a potential to retest the trendline, as well as the 0.618 Fib level, and see further downside formed from here. Furthermore, our 0.618 level corresponds perfectly with our previous supports (now acting as resistance), forming up this zone of confluence to potentially look to enter the market!
EURUSD Price stalled out at R2 will it pull back? 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!
EURCHF What should we do now that price went to the moon? 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!
GBPUSD - Pullback Trade After Head & Shoulders BreakA few weeks ago we took a look at a head and shoulders top forming on the $GBPUSD...and then the market did nothing. (Chart attached below) This week, after finally getting some downward movement, we revised the idea looking for a pullback trade & a potential continuation to the downside.
*Also of note - for those of you on the platform who attended the QA this morning, this is a perfect example of having a 2/3 - 3 Bar reversal (although not on the daily).
For a video walkthrough of this trading idea please check out my Youtube video titled "LEARN TO TRADE- Pullbacks, Patterns & Breakouts" around the 1 minute mark.
As always good luck in the markets this week traders.
and STAY SAFE
Akil
