GBP-CAD Short From Resistance! Sell!
Hello,Traders!
GBP-CAD is trading in a downtrend
In a falling channel and the pair
Has just retested the falling resistance line
From where we are seeing a bearish reaction
And I think that we will see bearish continuation
Sell!
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Short-trading
GBPJPY - SELLHello everyone! Since GBPJPY is downtrend on H1, I decided to focus on the opportunity to sell from the marked zone, I would wait for a while until the price consolidates near the zone, then for some confirmation of a lower TF and entry into the short!
Note
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I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
GBPUSD Short Setup - Dollar BullsGBPUSD H4
Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened.
Looking to see some resistance yet again, and some driving volume to sink cable.
Lets Kill Copper (HG) Back To BackHi Traders,
Looking at Copper (HG) Again, Since the last post it has effortlessly melted to my target. I Now see another short opportunity coming up and I am looking at making sure we can capitalize on the commodity.
The way I am playing this one is that I am using less risk as I would not want to give back any profit if the setup does not work. Looking at the technical, Price has created a small consolidation and then has managed break it with a strong engulfing candle. Price came back is retesting the resistance at 3.25.
I have already entered the position and I am looking to ride the next leg down to 3.0365 which I think will be a beautiful trade.
Let us see how this one plays out.
Renaldo Philander
Bingo! APE SHORTSo previously on my last post I said if ape cross my green trendline, it will go to the abyss and it did. Depending on what BtC does, ape will follow. BtC and ape daily indicators are telling me we still have more downside. I might take some profits off my ape shorts when BtC is @ 18500 and 17500.
EUR-CAD Retesting Key Level! Sell!
Hello,Traders!
EUR-CAD broke a key horizontal level
And we are now seeing a pullback
To retest the level from below
And because I am bearish biased on the pair
I think we are likely to see a bearish continuation
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
BTCUSDT High Time Frame Oder Block In this section we will discuss what a price action order block is and how it is currently relevant to Bitcoin’s price action.
An Order Block is a trade location that has a cluster of price action, creating a liquidity pool. Once price action expands from the region, it automatically becomes support or resistance – hence a block,
This area once penetrated will act as a range, causing a period of price action oscillation. The Order Block can be dissected into three sections, the high (resistance), the low (support) and the middle (equilibrium). Whichever region price action breaks from will lead to a continuation or a reversal in the overall trend.
In essence, Bitcoin can remain trading in the Order Block before until decisive bottoming or continuation structures are developed.
Hope this educational peace helps!