BTC/USD a hidden line inside the chart?
it's simple if we look closer. we will have a bullish move unless BTC lose its supportive line of the bullish channel . then we should wait for prices like 34,500 or 33,000 for getting a low risk long.
RR
Gold Longs On 1H close about 1898 Hope all is well,
Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets.
Gold must close 1H above 1898 for continuation to the upside. 15M TL is valid waiting for break and retest however I did enter longs already with stops at 1895.4
If you like the idea be sure to follow for more trade setups.
I would love to build a community of professional traders strictly watching gold .
I do dable occasionally into gold GJ but other than that you too should be focusing on mastering one single pair or indices.
ROLLS ROYSE BULLISH SETUPRR is on major support where bullish pressure has formed on the historical price action. Having a decent expectation to repeat the history itself.
RR > 27 , Risk < 0.5%Decreasing doown trend velocity and strength is obvious, BTC seems going to return to pivot (ATH, 69k)...
There are some levels with different amount of remaining orders above, the first one is 50K
for a intresting short term trigger, i hope i can enter on 43.9k just with 220$ stop loss...
let see what's going to happen...
RR ratio>4 , risk<3%a short term forecast for BTC provide a long position chance ...
let see whats going to happen ...
Silver Type 2 return, still an incredible opportunityAfter reacting perfectly at the Paz of the bullish harmonic, Silver broke the short tf support line and dropped back only to make a higher low and a type two return. The bearish divergence already played out and turned into bullish convergence. Potential entry around 22.5 if it retraces and targets are initially A and C of the harmonic. It is important to watch for a break of 1830 from Gold as that would make silver soar.
GBP/USD ALERT EASYthis position is basically with the LOD, HOD and fibonacci. if the price dont pump at the price protect the trade to BE
GBNZD structure analysisLooking at pair GBPNZD trend did a dobble top securing liquidity to be smash. Price is moving now side ways, quietly with a accumulating pattern, and keep breaking the LL seeking for the next point of supply. My red POI is determinine by this confluence:
1º _ 1.93300 was a KL that dobble tap and broke liquidity.
2º _ The daily bearish candle + the institunional candle did break structure and seems a good point of interest.
3º_ The POI movement that created the HH align with our 78% Fibo.
Comment what y'all think!!!!
Thank you.
HUGE EURJPY on the cards EURJPY D1 CHART - Currently in a bearish consolidation. Got a lovely entry, looking to ride to 132.20 level (400 PIP TP) , if your not already in, watch for retests around recent LL area
LONDON SESSION:11-23 REVIEW +45RR POTENTIAL BUT POOR EXECUTIONToday's London session was a bit of a fumble. I am still working on psychology and being confident in my analysis. My overall analysis was correct but executing my trades and accepting losses has been a struggle. If I placed limit orders on all my ideas today the optimum outcome would have been +45RR-including the exception of the EU 1:13RR trade loss due to spread. If we do not count that trade today's recap would still be a +32RR day. For me that is 8k and 16% gain. More stats: 44% strike rate,4 wins and 5 losses, average RR =12.5RR per winning trade.
All in all I am working on execution because the potential P/L looks great to me.
Rolls Royce Turnaround Storygaining bottom feeder attention in social media trading sentiment
company has long history, thousands of bagholders create downward price pressure
upside is strong name recognition, and government subsidy & too big to fail dynamics
major catalyst needed to reverse the multi year bearish price cycle
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
RR. Said it and ill say it again. LONGRolls royce has been a long for a long time. anything under £1 for rolls is a winner simple had a whole 18 months to buy it at this price. is now broken out of the resistance at 135 range with ease. i suspect at this 145 levels as its overbought itll pull back and set new resistance as new support filling the gap so good oppotunity to buy around 135. id then be going long until 170-185 range where id look to sell as it fills the gap. but then buy and hold again. Come on its rolls royce.
HUL - Long - awesome RR Ratio HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
EURUSD 8-1 Long- Continued US InflationHere is trade set up on EURUSD based on current US numbers. With job numbers shrinking and an increase in wages and CPI the US dollar will likely continue to suffer. Furthermore, a stalled housing market and retail participation is concerning for the economy. I expect that these domestic changes will cause some more upside momentum for EURUSD. Add the seasonality index of the US dollar to this and this seems to be a good 1-2 week trade with plenty of upside potential.
CADJPY, Long Opportunity - 1:5 and 1:14 availableGood afternoon ladies & gents,
After spending 3 days in consolidation, accumulating and collecting orders. CJ is now ready to displace higher to take out the monthly equal highs where a large pool of liquidity lies around the 91.500-92.000 level.
I'm looking for price to trade back down into the H1 Bullish Orderblock, where I'll be looking for a long.
Initial target is the high of the H4 range, secondary target will be the Monthly Equal Highs.
Let's do this.
- AmplaFX
USDCHF Long, 1:6 availableGood morning ladies & gents,
I believe USDCHF is ready for its bullish cycle going up, although there are many significant targets to the upside, I will trade this pair in chunks as its better for capital efficiency.
After moving out of its low yesterday, USDCHF is sat in Level 1 Long.
Price has traded down into the H1 Mitigation Block which overlays with the M30 Bullish Orderblock, from here I'm anticipating a lower timeframe break of market structure to the upside, followed by a retest where I'll be looking to take it long with these 3 objectives above as my targets.
Let's see how it plays out!
- AmplaFX
$THETA broke out of 3 weeks consolidation, what now? Theta coin has made an impulsive move to the upside and broke out of its 24 days long consolidation between 11 and 13.5, and it's currently retesting the breakout as new support. This is healthy price action and provides us with an objective entry anticipating more upside. It is also supported by a few indicators.
Pros:
- Broke out of consolidation box between 11 and 13.5, now bouncing as support.
- 4hrs bullish divergence. Price made high low when RSI made a lower low.
- It's currently making a bullish wedge after a successful breakout.
Cons:
- Could be a false breakout, with volume significantly decreasing afterward.
- We haven't confirmed the breakout of this bullish wedge yet.
Entries:
- Aggressive buyers could choose to enter now between 12.8 - 13.8.
- Conservative buyers should enter as the price breaks the falling wedge at 13.8.
- The trade is a 3.2 R/R trade indicated on the graph.
Personal PT: 16.51 / 17.48 / 20.28 (unlikely in short term)
Personal SL: 11.8
If you find this helpful please give a thumbs-up and good luck trading!
USDJPY - LONG. 1:15 RR available.Good afternoon ladies & gents,
After multiple days of drop. Price has finally reached our objective, the Daily Bullish Orderblock.
We are now anticipating a reversal, a clear structure is seen on the lower timeframes that supports a reversal today.
DXY is looking bullish and ready to push up from this area.
As the weekly & daily institutional orderflow is still bullish, this reversal based trade has a very high probability of success whilst simultaneously yielding a massive risk to reward.
Risk Management is still advised however, there are no certainties in the market, merely probabilities.
I'm looking for price to clear the targets situated above:
TP 1: 108.750 (RR is 1:6) - Equal Highs.
TP 2: 110.270 (RR 1:10) - H1 Void Refill
TP 3: 110.950 (RR: 1:15) - H4 Highs.
Look to scale out your profits along the way and once the first objective has been met, it is highly advised that you move your stop loss to breakeven to reduce your exposure.
Best of luck!
EURGBP, Short, 1:4+ availableGood morning ladies & gents,
Hope you're all having a good Friday morning.
A sell structure has presented itself on EURGBP. After a relentless move to the upside all week from the rejection of the Weekly Bullish Orderblock, we can anticipate a move down to the area indicated below prior to a continuation to the upside.
In light of this, the M15 chart shows a break in the bullish market structure.
There's an entry available where price is currently at, and also a secondary entry available in the zone indicated in white.
Stop loss should be placed above the structure for safety. It's unlikely they'll reach into that area as all the higher level buyers are trapped in their positions up there.
Looking to short down to 0.85660
Good luck!
CADCHF, Long, RR 1:5Good morning ladies and gents,
Price has retraced back into a Daily Propulsion Block. On the H4 Chart, price has dropped back in an area we label "Source".
As per our system at AmplaFX, the H1 and M15 rules are fulfilled so we have found a long position available at current market price. Looking to take it up to refill the H4 imbalance for an RR of 1:5.
I anticipate price to trade through and beyond this level challenging old highs.
However, a short term swing position is avaiilable here for a 1:5 RR based trade.
Seasonal tedency indicates CAD strength and CHF weakness which adds further support to this trade idea.
I wish you all good luck and good trading.
USDCHF, ShortGood afternoon ladies & gents.
USDCHF has presented us with a very high risk to reward sell opportunity. I've got a short term target of 0.93360 which yields an RR of 1:5 approximately.
I've got a secondary target at 0.93090 which is apprixmately 1:10
My third target is the H4 bullish OB below which is an RR of 1:20.
My final TP target is 1:26.
Good luck.
Yours truly,
- AmplaFX
