NZDUSD - BULLISH MOVE 🚀the nzdusd price is in weekly support🔥
i predict a bullish move 🚀
im waiting for breakout and retest🧐
TARGET: 0.67343 🎯
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Strcuture
EURUSD - BREAK OF STRUCTURE 🚀1️⃣.trade carefully and have stop loss for sure
2️⃣.trade only when the market is clearly bullish or bearish
3️⃣.without discipline every strategy is useless
4️⃣.your best teacher is your last mistake
GBPCHF Sell setup Hi Guys, GBPCHF has completed a running flat so we will watch for continuations to the downside. Watch and wait for lower time frame flag to confirm the sell.
Thank you for your support.
Weekly Trading Recaps: AUDJPY, NZDCAD, XLMUSD, SUGAR, BTCUSD
Hello everyone:
Welcome back to another weekly trade recap video. This week I got evolved in 3 additional positions, and I currently have 4 trades that are running as well. So let's take a look:
AUDJPY -
First Trade -Full 1 % loss.
Second Trade: Entered once price completes the channel, recent double tops, breakout entry.
Running about 1%. SL at BE.
NZDCAD - Full 1 % loss.
Good price action to break out, and entered at the LTF correction. Price made a push up before dropping down impulsively. Sometimes this will happen and I understand the R:R, so no emotion for me and move on even tho the trade is going toward the TP.
XLMUSD - First trade got tagged out for 0.5% profit.
Entered the second trade as price completes that HTF continuation correction, and we see a confirmed breakout.
SUGAR - Still holding the trade, currently around 4% profit.
BTCUSD - Still holding the position, currently around 6% profit.
Any questions, comments or feedback feel free to let me know.
Thank you
Jojo
USDHUF testing the structure 🦐The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue.
If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDJPY STRUCTURE SHORT| SCENARIO DECONSTRUCTED
Yen is consistent in its defiance of the market , and is falling to dollar(reverse chart) while the dollar index is collapsing into the abyss.
Yet, the pair is at a major level, and a pullback is reasonable to expect. Dollar yen is moving in a rising cannel, and the pair is trading at its resistance, so a move towards the channel support is the most likely one. T1 level seems reasonable as a target, for it is at a first meaningful local support level.
From there, we either go lower to retest the major support in green, or, continue moving up to retest the resistance.
Many levels have been broken this week, even those that seemed solid. Plus, yen is falling while the dollar is weakening, so, it is natural to expect yen to weaken even more, when dollar finds its support.
Here is the dollar index chart so that you knew what I am talking about.
That said, a level is a level, and so I'd still work with it, at 0.5% risk, if the pair gives proper entry point.
If the level is broken and the breakout is confirmed, then, the next meaningful resistance is way up at 111.5, with the intermediary level being 110.20.
This scenario can be seen on the daily chart above.
Guys, like, subscribe and comment!
Wish you all best of luck in your trading!
EURGBP STRUCTRE LONG
The pair has reached a key support level, bounced above it, and is now above the local support level.
A good long setup for 0.5% deposit risk.
Targets are at minor resistance levels.
Stop loss is below the rejection level.
Guys, like, subscribe and comment! I read and appreciate every opinion!
Wish you all best of luck in your trading
EURSUD top pattern breakdown so if you watch this you can see how sometimes patterns play a big roll in structure on the markets and waiting for them to play out we can see whats happeneing now so we need to just wait anything can happen and we have news at 15:00 for the dollar
GBPAUD Continuing Beautiful UptrendHH and HL being maintained on H4 uptrend. Price has been continuously pushing past previous resistance levels. Current price reaching possible resistance to form a new HH point. Waiting for overall retracement to form a new HL point.
ETH may push higher soonAs we see in the chart, the price structure of bottoming in January is strikingly similar to that in December 2018. After the sharp rise on February 9, ETH has gone through a healthy consolidation. The bull was able to hold price above 115 and maintain a robust volume, which bodes well for ETH in the coming days of February .
no major movement ahead for oil at least in first half of 2019I think the supply side for oil will be abundant, considering the fact the tepid world economy will not consume as much oil as the last decade.
growth prospects of major economies looks dim except the US. Many institutes has trimmed down GDP growth rates in the last two month, citing significant headwinds for the world, like debt, trade disputes, geopolitical uncertainties and so forth.OPEC has every intention to reach a production cut deal for its members. Yet it can't control the behavior of non member states, especially the United States, which is the biggest producer in oil and gas and has become a net exporter. By cutting production, OPEC members probably will lose market share to other big players in export market.
EURNZD STRUCTURE LONG TRADEAs always, patience pays the bills. I personally don't like taking trades for the sake of it. I wait until I have a very high probability of being right and I make sure I win more when I'm right than I lose when I'm wrong.
Here is a lovely little set up on the EURNZD.
Daily timeframe showing massively oversold at a Major structure level being tested. Loss of momentum shown by the descending channel and divergence on the RSI indicating a relief is due.
Thesis is that we should see some buy orders filled here and a small rally up to at least the start of the channel formation before locking in some profits. Secondary targets at the next previous structure level.
Great couple of weeks in the market especially thanks to the GBPJPY. Up 7%. Lets finish on a good one!.
See you guys in the platform.
Have a great day.
Jason G
Ripple (XRP) - Backtesting StrategyThe RIPPLE price moves are very correlated to BTC moves. When the BTC falls, the ripple usually follows its reaction. There is a similar setup here. The price brokeout the support level. However, there are some buying orders last few hours that pushed the price up. If it continues going up and reaches the breakout zone, we may expect the backtesting scenario. The new selling orders are expected to be placed in this area. Thus, I assume the price will continue going down after this small correction move.
VTRBTC(vTorrent) Showing Bullish SetupWe went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced from ideal 61,8% Fibo. reatracement and psychological 0.000050 level, so we expect much higher prices, especially if breaks above 0.000093 bullish confirmation level. Any decline will be just a temporary correction within uptrend!
AUDUSD Structure TradeGoing short at this area of structure on AUDUSD. Price is offering us a Reward: Risk of 5.51:1, so we'll play it safe and shoot for a 3.96:1. The odds are in our favor; lets see what happens next.
Gold Potential short I am looking for a short on gold in the near future. I will be looking for price action when it reaches the top. If its breaks above it will change the whole structure. Look out for this pair next week
AUDJPY 3HR Structure TradeGoing short on AUDJPY to continue the Higher Time Frame Down Trend. Looking for a 3:1 Reward:Risk.
More downs? CAD is weak. Sellers have been taken out of the system in pairs againts it.
Thinking that we should sell this one.
Fighting <<I believe that economists put decimal points in their forecasts to show they have a sense of humor.
William Gilmore Simms
Bullish Bat Pattern + StructureThere is a potential Bullish Bat pattern currently forming on the AUDUSD pair. what i particularly like about this pattern is that it completes just around a structure level that has rejected price several times in the past.
