EUR/USD - INTRADAY SCALPING - SEE UPDATES SECTIONGoodmorning all,
This is a new thing I'll be trying out as far as posting on tradingview goes so that I can stay a bit more active. Now, I mainly trade the 1m and 5m timeframes so it's not possible to make a post with those timeframes. Therefore what I will be doing is post a raw 15M chart, analyzing the indicators, price etc and in the updates section below I will be posting screenshots as to when there will be a valid setup to trade. So stay tuned for the updates if you are looking to enter at the same time as I am since markets move rapidly especially on the lower tfs.
For today:
1) Price failed to break through the TSE range. However we did get a strong push and it seems as though the price is now just consolidating along the EMAs. Therefore my main bias is long for today and will be looking for buy setups unless a counter opportunity appears.
2) The impulse occurred at the POC which can suggest there is still heavy buying
3) Price is above all 3 Moving Averages suggesting bullish momentum.
4) Major resistance at 1.1837
Like I said stay tuned for the updates as I will post when I will be actually entering the market.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short-setup
AUDUSD SHORTWaiting for a possible triple test on the major resistance. This is also the 50% retracement line.
We also see a bearish flag which is another good short indicator.
Should the third retest happen close to the daily bearish trend line, I'll short immediately on the retest , otherwise i'll be waiting for break out on the 4H bullish trendline.
For now we watch the market and let the market come to us . Please let me know if you see anything else.
Telegram : t.me
EUR/USD - ANTICIPATING A PULLBACKThe pair has potentially completed a 5-motive wave sequence, and I say potentially for the reason that we still cannot say with 100% certainty that wave 5 is over.
It has given a topping formation (double top) as well as a strong lower low - lower close candlestick last week which could be signaling the start of a pullback / correction.
My potential scenario:
Short @ Entry: 1.2401, SL: 1.2701, TP: 1.1701, RR: 2.33
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
GBPUSD short opportunity!Hello traders! At this moment GBPUSD had a strong rejection from the top of the daily channel. There was previous resistance at this level and now we formed a double top pattern . You need to remember that GBPUSD is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will break the support for more downside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first red candle. We need a STRONG breakout of this structure to confirm the short opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
Triple Top on GBPAUDLooking at the 4h Chart of the GBP versus Australian Dollar we clearly see a triple top. Price is always testing the 1.84714 zone. This gives us a nice indicator for a trend change on this chart. Looking for a short in this scenario we also see that the RSI is showing price weakness. Our take profit is at 1.61780.
Why do we need wave analysis if we have heads and shoulders?
In the last idea, we looked at the bullish flag and the triangle. But something went wrong and everywhere the output was down. Fortunately, we only go in the breakdown, and therefore not lost anything. Also wave analysis ceased to give any signals. And all that with great probability has grown into an inverted head and shoulders. I considered before that the usual head and shoulders with output down, but the buyers did not let this happen. So I give my voice towards this setup. My colleagues also think too
NZDUSD short opportunity!Hello traders! At this moment NZDUSD had a strong rejection from the top of the daily channel - 0.745 level. There was previous resistance . You need to remember that NZDUSD is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will break the support for more downside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first red candle. We need a STRONG breakout of this structure to confirm the short opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
>> GBPUSD << March 6th >> Short „Swing“ Setup <<Hey Guys and Welcome,
GBPUSD retraced over 60% of previous „Week“ price action, we are following „Mid“-term Trend with a good RR.
Price just retested previous H4 lows, I see a further drop following mid term trend making new lows.
Short: 1.39300
Sl: 1.40702
Tp: 1.37550
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
NZD/CHF - EXPANDING TRIANGLE IN PLAYExpecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section)
It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though i'm not a huge fan of counting.
My personal details:
Short @ Entry: at market, SL: 0.6845, TP: 0.6795
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
EUR/CAD - POTENTIAL FLAT IN PLAYIf it is indeed a normal flat correction, legs a and b have already been completed and we'll be looking to catch the final leg, leg c of the sequence. Pair is showing signs of weakness at the top as well as bearish divergence on the Daily timeframe.
My personal details:
Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
NZDUSD short opportunity!Hello traders! NZDUSD at this moment is on the TOP of the daily channel! In order to continue the UP move, we need to see a slow pullback up to 78.60% fib. A trend reversal will be possible at this level only if we get a strong down impuls, based on the DXY strength. Don't jump into the first red candle, first wait for a corrective structure before entering short. TRADE WITH NO EMOTIONS!
NZD/CAD - MONSTER SHORT IN THE MAKING? +900 PIPSI will be posting the Monthly view of this pair as well to show the bigger picture but there's a lot of evidence that makes me believe we could be seeing a huge sell-off.
We're currently forming leg C of what I believe is a simple Flat correction. Furthermore Leg C sometimes comes in the form of an ending diagonal which is what we're seeing now and we are anticipating Subwave no.5
Reasons to sell:
1) Weekly RSI Ovebought
2) Bearish RSI Divergence on the Daily
Waiting for a candlestick pattern to confirm the sell.