gbpusd intraweek break to the downside here we have the gbpusd h1 tf a break to the downside where price retested the previous swing high as support and broke through with momentum i notice a few key leveles of s/r from the past few days and charted them in green price broke below the 1.380 lvl and retests it as resistance i enter the market short as price continues down i have two price targets first tp is around the 1.3785 area and lastly second tp around 1.3735 check the chart for a visual as of now i'm short with a stop at 1.3795. Let me know your thoughts below!
Short-setup
USDCHF Longing OpportunityUSDCHF made a false break at my key level support. I had a lose trade on this one 😑. Price broke multiple trendlines and I'll be waiting (patiently 😌) for the price to comeback at my support box looking for candle stick confirmations (engulf cand or pinbar). If price dont come back, I'll wait for the price to go on my resistance key level and looking for shorting opportunity.
Decent RR would be at lower timeframe. Same rules to consider when entering.
Share your thoughts on this one. It would help me alot. Thanks 😌.
IOTA:DOWNTREND FIBO SWING 61.8% |PRICE ACTION|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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MATIC QUICK TRADE (SHORT)Confluence point of 1.618 fib retracement from 2 corrections, big price increase without any significant correction + trend line.
Entry 1.725-1.755
SL 1.8-1.81
TP1 1.61
TP2 1.59
Trade carefully and adjust the risk to the each trade by yourself. It's not a financial advice, just my idea on a trade.
Bearish TrendThere is a clear correction taking place throughout the market. FB is no different. On the daily chart MACD is in a sale and momentum is down. As well, the Heikin-Ashi candles are showing a clear downward trend. It appears that FB may be at a level of support. IF it pushes through this level of support look to short. Otherwise, it may come back up near the 20 SMA. IF, it does this and doesn't push through the 20, look for that as an entry to short.
GBPJPY H4 - Short Trade SetupGBPJPY H4
Currently sat around our 152 whole number price, resistance is around 20 pips higher at 152.200, a lower timeframe structure break and retest would be ideal, seen some big extensions amongst most ***YEN pairs...
Even USDJPY is pulling back upside towards resistance, bearing in mind we were dovish off the back of the PC yesterday evening.
USDJPY 4HR TIMEFRAME USDJPY is going to a market structure bearish movement.
if it continues to sell. I'll add more TP'S.
My analysis also works for the daily timeframe as well.
REMINDER: Always take profit/partial profit at TP1. Price usually returns back to entry to fill the fair value gap, then take off!
EUR/USD POTENTIAL SHORT IDEA 1D, 2 TARGETSGood evening FX traders, wishing you all a profitable week as always.
EUR/USD has been making lower highs in the daily timeframe. We can observe price is under pressure under the 5-month resistance from which we hope we can enter a short position with the targets as seen above.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.
USD/CHF About to reach the Bullish TargetGood morning traders, this time we want to show you our long-term analysis in USD/CHF, since it is about to reach the bullish target that we raised a few weeks ago.
🔸As we can see, the price had been in a downtrend for almost two years, until strong demand was found in the support zone.
🔸From there, at the beginning of this year, the price started an upward movement that had not stopped so far.
🔸Now, it is close to the Descending Trendline, which is the first bullish target on the way.
🔸Here we consider two potential scenarios:
1- The first situation is a bullish continuation. This implies that the Descending Trendline is broken to the upside. In case this happens, the next target of the move is the Resistance zone at 0.9900.
2- And the second situation is a rebound and its subsequent downward movement. In this case, we could see a pullback towards the 0.9100 area.
GBPJPY SHORT SETUPIn this setup, we see what may be termed as a break out from a channel to form a larger expanding flag to the downside. We'll take advantage of the 'patterns inside of patterns' to highlight short opportunities on this pair. Set your pending orders below and stop loss as per your strategy.
I'm taking on short opportunities on the GBP pairs for this week.
Comment, contributions and suggestions are welcome.
Gold H4 - Short SetupGold H4
Fast approaching that 1738 price we rejected nicely. Strong supply zone when has held comfortably. Would be an absolute sniper entry to see something like this unfold.
Also looks like an inverted exhaustion pattern, so a break above 1740 could be a break of resistance/supply and we could maybe scout longs upon a retest. Early doors still so lets see what unfolds.
NZDCAD H4 - Short SetupNZDCAD H4
Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R.
A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's supporting factors, WTI demand etc.