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Structure-trade

US30 26633 - 0.21% SHORT IDEA * STRUCTURE BOUND PATTNSGood Day Everyone A look at the US30 INDEX currently trading inside a symmetrical triangle range bound in a ascending triangle and we currently have a bullish flag on the index looking to see a push up as we are overbought on most indicators respect the symmetrical structure and see continuation to the down side with the bears... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
UShort
by PULEMokhothu
NZDUSD 0.66141 + 0.57 % LONG IDEA * BREAKOUT PATTERNS Good Day Everyone A look at the NZDUSD pair which is currently trading in a descending channel looking for a push up to retest the structures roof since the pair just broke out of a pennant formation. broke above looking maybe for a retest of this structure then continuation to the upside. any reversal pattens and significant moves to the downside will change the whole trading plan lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - DAY TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
Long
by PULEMokhothu
2
trading a possible formation of "head-and-shoulder" patternthis is a fcpo trading we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the downside... resistance : 2367-2400 support level : 2300 this is juz a trading idea, trade at your own risk... pliz like and share...
MYX:FCPO1!Short
by HAIDOJO_trading
XAUUSD 1769.13 -0.08 % LONG IDEAGood Day Everyone Here's a long idea on the GOLD provided the metal holds the ascending channel we are currently trading in. some fundamentals from DAILY FX - link attached GOLD PRICES LONG-TERM: STILL OVERBOUGHT Taking a step back to get some context and Gold prices remain in an overbought state on the monthly chart, largely owed the prolonged up-trend that’s helped to propel prices into this area on the chart. As discussed previously, the 1742.50 level was big, as this is the 14.4% Fibonacci retracement of the post-Financial Collapse move and, for two months, helped to set resistance in Gold. The notable exception during that two-month-range was the high set in mid-May, when Gold prices quickly broke out after the weekly open. But, as looked previously, that bullish drive was largely emanating from an interview that FOMC Chair Jerome Powell had on the US television program 60 Minutes, in which he said that there was ‘no limit’ to what the Fed could do with the liquidity programs available to them. This breakout-fake out scenario is shown in Green on the below chart, as price action merely reverted right back into the range. GOLD EIGHT-HOUR PRICE CHART www.dailyfx.com ___________________________________________________________________________________________________________________________ ENTRY & SL KINDLY FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGETS - MARKED ___________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
OANDA:XAUUSDLong
by PULEMokhothu
US500 2988.4 - 0.33% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE US500 INDEX, THE S&P 500 HAS RECOVERED A GREAT DEAL TO COVER LOST GROUND IN THE LAST COUPLE OF WEEKS.. > THE MARKET IS TRADING AT + 2 MONTH HIGH OR SO THE INDEX HAS BEEN STRUGGLING TO HIT THAT 3000 MARK BUT GAINING TRACTION NONETHELESS... > WE'VE SEEN THE FORMATION OF AN ASCENDING CHANNEL ON THE INDEX HOPING THE STRUCTURE HOLDS LOOKING FOR LONG OPPORTUNITIES IN THE INDEX TARGET - 3100 RISK MANAGEMENT PERIOD - DAY TRADE
ULong
by PULEMokhothu
AUD/USD DOUBLE RESISTANCE BREAKOUT|SCENARIO DECONSTRUCTION The strong bullish movement has culminated in the pair breaking out of the strong horizontal resistance, and also of the diagonal falling channel resistance lines. If the breakout is confirmed and the daily candle closes above both levels, then a move up towards two red resistance lines is likely. However, if it does not close above the levels, then, it might return into the channel, or at least retest the minor diagonal support line that is also visible on the chart. In case the breakout is rejected ,the bearish sentiment is then supported by the RSI being close to overbought levels, and also the fact that the pair is generally in downtrend on the weekly. I am slightly bullish biased, but our function is not to take sides but to play the probabilities around the key levels, with the help of patterns and other confirmation giving signals. So we shall wait and see how the situation plays out. Guys, like and subscribe for more updates on the market! Also, feel free to comment.I read and appreciate every comment! Every opinion is valuable for our growing community. Wish you best of luck in your trading!
Long
by ProSignalsFx
8
AUDNZD MULTI TIMEFRAME STRUCTURE ANALYSISThe pair has bounced from the horizontal resistance line and also from the diagonal channel resistance line on the daily and is now trading near the local highs. The closeup analysis identifies that that the pair still has not broken the 4 month long diagonal support uptrend line, which is now close to intersecting with the greater channel resistance and the greater horizontal structure resistance lines. Locally, there is an important horizontal support line, which forms one side of the appearing triangular pattern. Together with the double bottom, the pair is set to reach the triangle resistance line. Like and subscribe for more analysis! I really appreciate it when you do that. Wish you all best of luck in your trading.
Long
by ProSignalsFx
6
HOME DEPOT DOUBLE TOP +HEAD AND SHOULDERS FORMING- SHORTHOME DEPOT has bounced down from the double top all time high level. Also, there is a strong daily level exactly where the stock price is trading right now. One might find a reverse head and shoulders pattern forming, with a current expected move down creating the right shoulder. The target is a strong horizontal structure support level. Don't forget to hedge with long weekly calls when leaving position overnight to eliminate the gap up risk. Don't hold the options during daytime. Or just have your stop loss in form of options, if the price is right. This is more that a one week trade however, so monthly options as the most suitable. Like and subscribe for more analysis. It really helps me when you do that! Wish you all best of luck in your trading!
NYSE:HDShort
by ProSignalsFx
9
GBP/USD MULTI TIMEFRAME ANALYSISThe pair is trading in a massive descending channel that is also part of a triangle. Both the triangle and the channel structure allow the pair to move up to reach the resistance line of the triangle and the channel. The one hour chart is also interesting. The pair was falling in a wedge and has reached an important local structure level. We might see a breakout and then retest of the support>>long. Or the pair ignores the structure, breaks below the level and continues bearish trend within the wedge. Both outcomes provide decent trading opportunities. Like and subscribe not to miss out on the updates. Wish you all luck in your trading.
Long
by ProSignalsFx
17
GBP/USD KEY STRUCTURE LEVEL It can be seen on the 4 hour chart that the pair has reached a key decision level. A massive horizontal structure that spans two months. The pair was moving in a downward channel, and now it has reached both the channel border line and the horizontal support. On a 1h timeframe it can be seen that the pair is trading in a range of indecision. I say, if the 1h and 4h candles both close below the level, I go short. If is bounces back, and breaks the range resistance, I go long. I will say I am long biased, so I will post again, watching closely how it plays out. Please, hit the like button, it really helps me if you do that! Wish you luck.
Short
by ProSignalsFx
2
GBPAUD POSSIBLE SCENARIO EXPLAINED|additional chart in the post.The pair has returned into the 4 year upward channel and is now trading inside a big horizontal structure. It is possible that it will bounce back from the level and follow the direction outlined by the black lines on the chart, hitting the resistance of the upward channel again, before reaching the support of it which will by that time comfortably rest inside the horizontal structure. That scenario is supported by the fact that the RSI indicates the pair is significantly oversold and therefore some correction up is inevitable. However, if zoomed out(chart below), it can be seen that the price has violated a local support level, and did not show any strength which begs a question of whether there are any buyers left at this levels. If the lack of buyers assumption is correct, then the pair is most likely to keep falling within the downward channel to the intersection of the diagonal upward channel support line and the horizontal support level. Guys, every like matters, so like and subscribe to help the channel. I greatly appreciate every effort. That also helps you not to miss the updates. Thank you all, and wish you the best of luck in your trading!
Long
by ProSignalsFx
3