AUDUSD structure broken AUDUSD structure broken
wait for pull back to enter
around 0.6830 will be a good area to short
SL : 0.6873
TP : Follow arrow
Structure-trade
AudJpy Relief and RetestAudJpy has put in a strong move to the downside and currently at support so we can see some relief but also a retest of the lows due to the strength of the move to the downside.
NzdUsd LongFalling channel at support on the 60 can see some relief to the upside. Daily bias is bullish aswell so confirms nicely. few rejection wicks past the support level too.
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.
EurChf ReliefSmall potential relief on EurChf coming off resistance with RSI being Overbough and a head and shoulders complete on the 5 minute looking to carry down to at least the green line if not lower
USDCHF pulled back to structure USDCHF pulled back to structure
around 1.01890 will be a good area to short
SL : 1.02190
TP : Follow arrow
Bitcoin Short Term Selling Oppertunity - 4HOUR (240)Classic Gartley 222 pattern is about to complete.
Market is at a well respected level of structure in the past.
Short SELL Opportunity at pattern completion.
Reward/Risk = 2.45
Correlated to ETH -> Long on Demand & StructureVery similar pullback on BTC. Long call with red zone entry level (If you want to time it) or the start of it.
The top of the green zone is where I am to take profit.
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.
USDJPY Buy opportunity Fibonacci confluence at structure, completing a harmonic move. Let's see how this plays out.
XAUUSD LONG OPPORTUNITY H1!Nice market structure set-up appearing today, no entry signs of yet.
Will wait for bullish price action signs for confirmations and then will proceed into this trade!
Nice 100 pip trade.
GBP/CAD: Swing-Setup !K-48 Nr.5Hey tradomaniacs,
welcome to another signal!
Type: Swingtrade
Buy-Stop: 1.69952
Stop-Loss: 1.68937
Target 1: 1.71
Target 2: 1.715
Targt 3: 1.725 - 1.7276
Peace and good trades
Irasor
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EUR/JPY 1HR SHORT We have a corrective pattern forming this looks to be a contracting flat however cannot confirm this as of yet so will watch closely for confirmation, with this is mind will be looking for the third wave down to complete a 3 wave pattern using the 1hr 270 fib as a target profit at a price of 126.819..
AUD/JPY 171 PIPS, SELL, 1HR Potential sell opportunity this week, has completed a 5 wave corrective pattern with divergence, will be looking for the next 1hr impulse down with the 270 as target profit. This would give us a complete 3 wave pattern in the 1hr.
