Structure-trade
GBPJPY 138.94 -0.16 % LONG IDEA * STRUCTURE & PRICEHey everyone
Hope you're having a good one here's a look at the POUND YEN looking for structure to hold on this pair from the daily chart as on higher time-frames the pair is net long just broke out of a descending channel looking for momentum to rise with the bulls. On the daily looking for longs on the pair
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Shorting USD/CAD Shorting Usd/Cad 4H/1H, As overall market is in a bearish run, Found an short setup at level at 1.31187.
1:Overall bearish move market making LL & L.H.
2:Market retesting the previous broken L.L.
3:200 Ema down.
4:Fibs level 61%.
5:1H TF also retesting it's bearish structure.
6:Candles showing strong rejection.
BTCUSD: A Potential FadeReasons to consider getting out of short risk exposure if the highlighted area fails:
Bearish Divergence
Break of Structural Gap
Overextended state
These reasons might trigger some traders to short or sell this pair; however, in terms of probability, the market still favours bullish bias, evidenced by the context to the left.
The break of the highlighted bullish structural gap area can serve as a warning for short risk exposure. If that happens and higher timeframes close below that area, that can be considered as a decent indication towards further downside for short risk exposure.
Constructive discussions are always welcome, just drop a line in the comments section.
ETHUSDT is testing weekly support 🦐ETHUSDT is testing weekly support as support.
We need to see another daily close above this structure and According to Plancton's strategy, we can set a nice order
Weekly
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
USOIL 39.86 + 0.21% FUNDAMENTAL AND STRUCTURE IDEA HEY EVERYONE
HOPE THIS IDEA WILL ASSIST IN ANYWAY ON YOUR TRADING OF THE CRUDE OR BRENT OIL.
The writings are on the wall as they say on this one.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
GBPUSD 1.29188 + 0.39 STRUCTURE & PRICE ACTION IDEAHELLO EVERYONE
Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger area and a break above the 50 M.A would be one of those nice confirmations that trend momentum is shifting with the bulls. hope this idea assists in a way with your trading of the DOLLAR / POUND.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
AUDJPY, Potential SellPrice is currently in the making of a triple top as it rejects the Key S/R level unable to break it for the third time it reaches that level, it also is at the trendline level to add to the confluence. Currently on the 1HR looking for price to break it's support level, retests, rejects the level and head to the down side to the neckline. Taking action if price decides to break the support level then retests. In that process it should also break the 50 EMA to add to the confluence.
#newbietrader
Feedback is helpful
EURUSD 1.17845 + 0.6 % SHORT IDEA ^ PRICE ACTION AND STRUCTURAL HELLO EVERONE
Here's an idea on the EURO/ DOLLAR the writings are on the wall kindly check it out.
should structure not hold and we experience momentum with the bulls the whole trading plan changes.
hope this idea assists in any way.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USOIL 37.01 - 4.02% * SHORT IDEA CONTINUATION PTTNS & STRUCTR GOOD DAY EVERYONE
Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDJPY 105.559 + 0.01 % * STRUCTURE & MULTI TM IDEA CONT PTTNS HELLO EVERYONE
Here's an idea on the DOLLAR/YEN with a summary from higher Time frames.
- From the monthly the pair is still respecting and range-bound in a descending triangle structure where it was just rejected at the base of structure at 200 MA Which has been ating as support on the monthly time-frames for some months now. looking for a continuation of this move with the bulls from the monthly perspective.
- On the weekly and the daily TIME-FRAMES the sentiment is more or less the same, we saw a rally with the bulls building some bullish momentum and trading just below the 61.8 % Fibonacci level so looking for a continuation of this move with the bulls so the sentiment is the same looking for bullish opportunities on the pair.
- on the 4H and lower time frames looking for confirmations and entry opportunities on of the confirmations from the 4H can be a break and retest of the 200 MA amongst others.
lets see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP1 - 105.955
TP2 - 106.307
TP3 - 106.671
SL * 105.951
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
GBPUSD 1.28504 + 0.86% * STRUCTURE & CONTINUATION PTTNSHEY EVERYONE
Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective
- The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like;
* The dominating fears of the rising virus cases.
* BREXIT
- BREXIT deal remains more likely than in the coming week, but they have warned of the risk of no-deal has increased.
- BREXIT is slowly re-emerging as a key driver for THE POUND.
POUND/DOLLAR has a good support between 1.2691 - 1.2726 at fib level 0.618 which is FEB low 100 MA & 200 MA supports we may find some resistance at 1.2993 & 1.3200.
lets see how it goes
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP1 - 1.27385
TP2 - 1.26206
SL* 1.29542
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDCHF 0.92490 - 0.41% * SWING CONTINUATION PATTERNS HELLO TRADERS
Here's a look at the DOLLAR/SWISS which dropped again towards the 0.9250 area again a continuation of this move is highly possible from a technical perspective which would be a great opportunity for more aggressive traders to capitalize on this from lower time-frames but i just wanna target this from a swing perspective looking for longs with the bulls after this pull back.
The momentum on the pull back is pretty strong so looking for the pair to find support at the 0.92042 - 0.91814 area before we can see or look for entries with the bulls.
FOR NOW the pair is fairly bearish as US DOLLAR pulls back today across the board after last weeks rally
- swiss franc saw some recoveries during the US SESSION.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
EURAUD (Daily) - TEST OF PREVIOUS STRUCTURE RESISTANCEWe've had a handful of trading opportunities on our radar, but most of them have stood still and have done nothing. Fortunately, the EURAUD has been a pair that's moved nicely & has given us a nice opportunity to short as price reaches the extremes of a previous level of structure resistance.
Something that I told our traders to be on alert for with this opportunity is the "overlapping level of structure" as these are sneaky areas that newer traders typically don't pay attention to and because of that a common result is having their stops taken out only to see the trade ultimately went in their favored direction. Sounds familiar?
If you go down to a lower timeframe (1 hour) you'll also see a double top which can be used as a reason for entry assuming it's still valid by the time I post this.
I hope you guys have a great weekend & as always if you have any questions or comments about the setup, or just want to share your view feel free to use the comment section below.
Akil