Sell-setup
Short On USD/CAD SELL SELL SELL !!!Reasons For
-We are now down trending on the 4 hour chart
-We always want to trade in the direction of the trend
-We are making lower lows and lower highs
-We are trading below key level at 1.4000 Which we broke with a strong downside move
-If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level
-Sign of retrace Over ?
-We have put in two dojis in on the 4 hour time frame
-We have also come to our trend line that is acting as Res and also showing signs of bullish weakness
So if we put all those together on the 4 Hour time frame we are extremely bearish
If we look at the daily
-We are also making new lows and currently in a new forming down trend
The trend is your friend
-The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction
-So after all the bullishness over the past couple years isit over ?
well for now we are in full affect to make a new lower low in this current trend which is at 1.3500
Heads up
Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :)
Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;)
Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :)
Trade safe
My entry 1.38897
NZDUSD SELL SETUPI'll sell the breakout of trendline after a minor consolidation on lower timeframes confirming that it wants to go down, first target would be .6850 then from there depending on structure I'll be managing the trade.Trade your plan
NZDCAD - SELL SETUP !I just sold NZDCAD because it got in the first REVERSAL ZONE! if its breaking out this zone it will go ahead to the REVERSAL ZONE 2 around 0.95150-0.95400, so i have a SELL LIMIT at 0.95150
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USDCAD channel and short setup Watching this as it goes through this small channel. Highlighted between 1.31800 and 1.29996, looking to set up a nice short trade.
NZDCAD - SELL SETUPNZDCAD is on the way up to get down after, too early too sell but too late to buy!
I will be saying selling at 0.94500 and Ill take profit at 0.93500 (100PIPS)
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I will also make sure to answer every comments below!
GBPAUD Short Resistance levelon the 4H chart the long term resistance line has just been touched. this has been followed by a nice engulfing candle setup. the recent uptrend support line has also been broken. the 1H chart also shows what looks to me like a head and shoulders setup. all of this is telling me that i believe it will go short.
GBPCHF short initiated.I expect Euro & Chf to get stronger in coming days. And from R:R point of view this should be taken by experienced traders.
USDNOK trade the breakout on strong triangleVery strong symmetrical triangle formation.
6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout.
By the upside, sell the downside.
Profit targets indicated by the horizontal green lines.
Short on EUR/NZD SELL SELL SELL Overall bias is Bearish
-Firstly we have bounced of key level of 1.7000
-we have broke trend line based off 4 hour time frame
-We had a small retest
-I do believe we will break previous lows
-Previous four hour candle was a bearish hammer
-A lot of wicks to the upside
Off the daily
-We can see huge wicks to the upside on the Ket level
-Yesterdays candle was a bearish engulfing
-We also had a triple top
so overall i am bearish on this pair
All the best
Short On AUD/USD SELL SELL SELL !!!(Change of heart after break)Reasons for
-We have broken our 4 Hour trend line to the downside
-Therefore we have broken structure and i 100% believe that after the break we are headed down
-We are going to get a impulse wave and this is a strong setup
- after all the long term trend is bearish !
Yes weve had two small losses but we are going to make it back on this one ;)
Also this is an aggressive entry you may want to wait for the pull back :)
On the daily we have put in a bearish engulfing
also the previous daily candle was huge bearish candle !
on the daily we can also price making Higher lows !
so we are headed down now i believe
My entry 0.70430
