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Structure-trade

GBPJPY 4HR - Double Top at Previous Structure Resistance This is a follow up on a trading idea that we looked at this past Thursday as "Super Thursday" pushed the GBP up to a level of previous structure resistance before reversing. IF price action were to put in a retest of structure and once again be rejected... THEN it would open up the door for traders to take advantage of a double top formation. With this being a countertrend trading opportunity the target projection is simply a retest of our previous level of structure support. Akil For more information on this trading opportunity please use the link below to check out the video "Lessons I've Learned From Losing"
Short
by Akil_Stokes
16
GBPJPY LONG TRADE POST ANALYSIS GBPJPY POST ANALYSIS This was another trade I did analysis for and didn't post on TradingView. The market had caught my interest when I had seen the very strong buyer push to the upside on August 29th. Once I had seen this type of momentum the market had caught my interest. At this point I waited for the pullback to make sure the sellers were weaker than the buyer was, to show control. REMEMBER TRADING IS ALL ABOUT PROBABILITY, this is why I trade with who is in control by reading the momentum the market shows me. So once I had seen the very weak re-test by the sellers, compared to the buyer, I was waiting for that buyer interest to come back in at structure for me to be able to participate in a opportunity in the market. Let me tell you guys something, I don't usually give this type of information away for free but I value all of my followers; when you see this type of momentum by the buyer, then that weak of momentum by the seller, the buyer is basically getting a 100% DISCOUNT for purchasing this currency. Once the buyer interest was displayed at structure, the risk/reward was fantastic on this trade. I hope this helped! Cheers!
Long
by JosePips
EURUSD -This Chart Perfectly represents what trading isSo if you've been following my posts on the EURUSD then you know that I've had a short-term bullish view within a longer-term bearish view. The bullish move from earlier this week worked out perfectly and now the market has reached a level in which it will have to make a key decision point. BULLISH SIDE - The market is forming another head and shoulder bottom pattern which is a classic reversal pattern providing a bullish outlook. The confirmation of this pattern would be a violation of the nextline and IF we were to get that, THEN I would project a continuation higher to 1.17-1.1750's level. BEARISH SIDE - If previous structure resistance holds at this level then we could see the end of our relief rally and a continuation lower to retest previous structure lows and a possible extension down to my longer-term bearish projection of 1.110-1.08's. This chart represents what trading is, multiple parties, having multiple opinions while looking at the same chart. Something I always tell the traders I work with is "to be predictive in your analysis, but reactive in your execution" and essentially what that means is wait for the market to give you confirmation that one thing is more likely to happen than the other. Good luck traders and if this post was helpful, please let me know by leaving a comment below. Akil
by Akil_Stokes
45
GBP/AUD Short: Structure OpportunityFirst of all, these trades are my own analysis and opinion. Every trader should do his or her own research and decide whether or not to execute on their own. My purpose in sharing these trades is to educate newer traders and to show my trading strategy in hopes of receiving constructive feedback. If you want me to continue posting my trades here then a comment, like or follow will mean a lot to me. A picture is worth a thousand words. I've included a position that shows the entries, stops, and limit that I am taking, so I won't explain it here. Follow me on social media to get in touch with me. I respond to all DMs on Twitter, unless you're selling something.
by UnknownUnicorn835360
EURGBP Daily potential bear Gartley patternThe EURGBP looks like it's in a bearish momentum at the moment. Looking at previous structures, there are a lot of wicks, suggesting that the market has trouble breaking above. In the yellow circle, there's also the same scenario, where market is running out of bullish steam. So, if market can rally just a little higher, there will be a potential bearish Gartley pattern completing for a sell opportunity. Plus the Gartley pattern is completing at previous structure looking left.
Short
by Phil_Son
USDCHF IDEAUSDCHF has broken an ascending triangle structure on the monthly timeframe and we could potentially see price test the bottom of this structure at .71 level On the Daily TF, price is creating LL and LH and has broken a daily support at 0.945 and came back to retest it as newfound resistence. With the Stoch RSI at the overbought end of the spectrum provides the icing on the cake and further confluence to support the trade. This could potentially be some massive moves.
by Blackbirdcapital