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EURNOK 4H 375pip SELL - For week starting 29.3.2021What's up please comment what I can do better. I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable number of swing buyers have left the market, allowing the selling pressure to increase. The 100ma is in our favour as well as the TDI indicator which is turning bearish overall. We're looking for solid confirmation of the neckline and the 100ma being broken (especially whichever comes last) before we enter this as price could simply be ranging irregularly and catch us out. Be careful entering this on Monday as there's more fakeouts at market open. If you get in this trade around the entry shown on my screen, I would set: TP1: 50pip TP2: 90pip at fib level 1.000 meeting the yearly low and TP3 at 375pip @ fib level 1.618. We're likely going to see a rejection of fib level 1.000 so make sure you break even at tp1. SL at 40-60pip. If we hit TP2 definitely keep a runner as we're on a downtrend and want to see monthly and yearly lows broken. Be careful my slimes Vince / Vmoney
Long
by Vmoney10
AUDUSD 1D 375pip BUY!!! For week starting 29th March 2021Hello I'm new so please suggest any improvements / indicators I could include in my analysis to improve it. Quite a simple one really, plenty of hidden bullish divergence and price is consolidating / ranging in a 400 pip range, we're hoping to catch this buy back up to the top again but if it doesn't go all the way it will at least reach TP1 so make sure you get your stop loss at break even. Macd and stochastic both correlating nicely which is a good sign as always and price is at a double bottom on a support resistance so we can definitely expect a buy as we haven't been this low in a while. Have a good weekend everyone Vince / Vmoney
Long
by Vmoney10
EURNZD 1D 500pip BUY - for week starting 29.3.21Hey guys hope you're doing well reading this. Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is exhausted / rejecting of the 0.618 fibonacci level which is a good sign. This fibonacci level also back tests nicely to show a common area of resistance We can see great divergence on the stochastic and macd indicators suggesting there's an incoming sell move. Price is also at a monthly high so psychologically speaking selling pressure should increase. We'll have to wait this out for confirmation as the Euro has been getting stronger towards the end of this week. For confirmation we can wait until a strong candle crosses and closes below the orange trend line which has only recently been broken for this first time. As always any advice is appreciated Vince / Vmoney
Long
by Vmoney10
USDCHF BUY - IS SIMPLICITY ALL YOU NEED?A lot of room for error as this idea is being published way before the expected move is going to take place. Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success. So is simplicity all you need? We'll find out in a week or two or three yolo, Vince.
Long
by Vmoney10
2
ETHUSD ENTRIESETH is about to touch all time high resistance back in the middle of February. I believe that ETH not only kiss the resistance but bypass it and continue to moon. Correction seems to be over. But as always, nothing is guarantee. My Simple price action strategy will assure you with big gains with little losses. Message me if you want to know how to utilize my strategy. Love helping yall achieve what we all want to achieve. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south) COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
BITSTAMP:ETHUSDLong
by HustlersCircleFX
Where are you at?Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a retrace candle on 4H timeframe to get a short position. There are a lot of space on Daily timeframe to get to our main level of support 1.3400. Let's go!
by Infinity_Limits_Trade
GBP/JPY Idea EntryEntry on Breakout and Hold of counter trend line for an aggressive entry Or Enter on a small LH formation for a less aggressive entry. *This may seem as an overly strict strategy to some, but your edge needs to be spot on each time. willy nilly trades with any old LHs or breakouts etc. Is just a recipe for losses and losses. With my system I know within 1 candle if my trade is valid or invalid, i act accordingly. If the market closes above my entry(Sell trade) I know that the market isnt giving me the momentum that im looking for and the probabilities have dropped. And if the momentum does appear in the markets then i know the probabilities of a TP or at least a BE trade are very strong.* *Backtest your systems everyday, find patterns beyond the original LH or breakout etc. narrow your edge and finally see what profitable trading looks like. It's boring but effective. If this trade closes 1 pip above my entry at any time im closing and i will for every single setup because theres no Hope in the markets its black or white, valid or invalid.*
Short
by adamhylandnew1
6