Structure-trade
Potential Bearish GartleyHey Traders,
If you analyze this pair on the hourly you would notice that we have recently had a violation of structure, with that said we are unable to confirm a bearish bias till we get that 123 move. However, if price action rallies than there is a trading opportunity to short this market at 0.68367 using an advanced pattern strategy called the Gartley. For traders that are aware of this strategy will know that we enter multiple positions, one target taken off at 38.2 retracement and other at the 61.8. I cannot advise where your stops should go that is down to individuals risk management but all I can say it requires to be above the X leg.
Have prosperous week traders, keep tuned for more trading opportunities.
CADJPY - Short #Forex #ForexTrader #ForexTrading #ForexChartLovely shorting opportunity on the 4 hour.
Previous daily structure for possible reversal
Can trade off of the break out candle - or wait for a pull back to the consolidation zone then enter short
I'm more aggressive so i will be taking the trade depending on how markets open
check on Daily TF you may see if clearer what i am seeing
Why I'm going SHORT on #GBPJPYOn the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
Reason:
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get short.
Targeting the previous lows (135.553)
As always good luck in the markets,
TradeEasy.
EUR/USD - SHORTING OPPORTUNITYHey Traders,
On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
1. Aggressive - Short now with stops above double top and take profit at structure lows.
2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the double top, then enter at the 61.8 fib level again stops above the double top and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.
EURUSD 4HOUR CHART - KEY ZONE FOR POTENTIAL SHORTSI haven't had a lot of interest in the $EURUSD higher timeframes this year mainly because we've been dealing with an extended period of consolidation. In fact, all 3 of my trading opportunities have been pattern trades or short-term day trades on the hourly timeframe and lower.
Until we break out of our range & I get a clear idea of which way i believe the market is likely to go, I'll continue looking for similar opportunities & a current level that is on my radar to look for potential short opportunities is the structure zone between 1.1285-1.1324
USDCAD 4 HOUR PULBACK TRADE WITH A CAUTIOUS APPORACH The $USDCAD or The "Loonie" as it's called has been just that for me this year... Loonie. Due to the vast differences in overall trend direction based on what timeframe you're looking at, I've had a very difficult time getting a read on this pair & making any type of longer-term projection,
With that being said I do have a shorter-term projection on my radar & that would be a pullback into previous structure, followed by a retest of the highs & a potential extension up to the 1.3600's level.
Unfortunately, due to the directness of the most recent move higher, it's difficult for me to determine a quality level for entry which also has the protection that I desire for my stops. Therefore I will be taking a very cautious approach & waiting for the market to provide more confirmation that usually before deciding whether or not to get involved.
It's been a slower year of trading for me thus far only firing off 26 trades (I typically average about 20 per month). BUT that's no reason to become reckless. I've done a good job of sticking to quality trading opportunities only and although my execution numbers are down, everything else is on a good path.
Your Trading Coach - Akil
structure based trade and top down analysis
hey guys,
one more example on how we can apply a combination of multiple timeframes for market analysis and trading.
on a daily timeframe we see that the market is very close to a decent level of structure,
and continues bearish movement in a small parallel channel.
on a 4h chart what we do is we identify a potential reversal zone:
a range between upper and lower levels of support.
In this zone we will anticipate the change of the sentiment.
For confirmation, we will be looking for a bullish violation of this channel.
Initial target will be based on structure.
Your stop will be below the potential reversal zone.
good luck!
Gold (XAUUSD) Short on the 30min timeframe This is the first trade idea I have posted on tradingview and is the beginning of many. The artistic nature of technical analysis means that only through constant focus and discipline will my abilities improve, therefore I do not post this for anybody else except myself. I am on way to becoming a skilled chartist that is consistently profitable and this is my service to the universe in which I will compensated with that which I seek.
The reason I believe a short once the level indicated by the white horizontal line has been reached is a good idea is because it corresponds with a previous level of structure I drew but did not post with a rising trend line which was broken. The stop loss level has been set to just above recent highs and the take profit near the 50-61.8% Fib level that gives a 2:1 risk reward. Lets see how this works out.