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Structuretrade

Structure Trade Short on AUDJPYHi guys, here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be determined. Let's see how it plays out. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
8
USDCAD Long IdeaI have been watching USDCAD all this week looking for a good entry. Recently we have a nice support candle and IF the current bar closes above the support candle I will enter to get long. With what I see on the daily time frame I am predicting a move to 146.00 and with that... This trade will be broken into 2 targets 1 being about 90 pips a way and Target 2 being about 900 pips away. IF T1 gets hit I will trail stops up with price. Lets see how this plays out
Long
by rozela99
Daily Outlook on USDCADHi guys, as you can see in this chart price has already broken and closed above the last structure level looking left. What does it tell us? It tells that the trend is confirmed bullish and therefore we're going to look for trading opportunities only in that side. As always, we don't want to chase price action, instead we wait for it to come in our comfortable zones in order to gives us a better risk to reward ratio. The yellow zone represents for me the best scenario to long this market, since you should know that the more the price retraces the weaker the overall trend. I'll keep you updated! If you want to ask questions or share your viewpoint, go ahead and comment below. Otherwise, see you in the next chart!
Long
by Roker1
Reversal Zone on EURCADHi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a lot this week, and in this particular pair it reached a key resistance area that could stop the rally and start a reversal. Why am i interested in this particular zone? Simply, look left and you'll notice some of the previous touches on that level that always provided with some good shorting opportunities. So the previous behaviour could repeat again. Plus, we also have an AB=CD pattern that's just completed and the RSI is way overbought. It additionally confirm the good spot we're in. So keep a look at the lower timeframes seeking for a shorting signal in price action, such as double tops, engulfings, pinbar and so on. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
6
Previous Support becomes ResistanceHi guys, this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined. Don't know if i'm getting involved since i have two other CAD pairs on my watchlist. I'll let you know. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Double Top in a Trend Continuation TradeHi guys, here on AUDNZD price has recently created new structure low. Besides, there's no structure looking left until 1,0750. That's why i want to get involved in this trend continuation trade. As you can see, price is now coming back to retest previous support, which once broken could become resistance, and it's having some troubles getting beyond that. Actually, the second failed test tells us we may see some continuation on the downside. However, i'm going to wait for the close of the candle and then decide whether to enter or not. There's also a nice flag pattern that could be used as a reason for entry (if you're more conservative) I'll keep you updated. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Another short opportunity on GoldHey guys, i want to share another analysis of mine on the Gold. As usual, it starts on higher timeframe. On the left hand side you can see the daily chart where i began analyzing this, and you can see price is approaching a structure level that acted as support two times in the recent times lining up with 618 retracement of the bigger impulse leg. In addition there's a 1,27 extension of the last upward move and a 1,618 inversion of the most recent retracement. All those levels line up pretty well, and that's why i've drawn a small box where i can search for opportunity on lower timeframe. On the right hand side of your screen, on the 4hr chart, there's also a AB=CD pattern that's completing right in that box. For all these reasons, i'm looking for shorting signals as soon as price enters that zone, like double tops and engulfings. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
FX:XAUUSDShort
by Roker1
Short trade on AUDCADHey guys, today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a reverse. Price is pulling back now and i think i'm going to get involved at 0,9850 level. Stops above the highs. First target at 0,9780s Second target at 0,9700s If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Nice opportunity on EURNZDHey guys, this analysis is going to be long, but i want to explain how i view the market and i do my top down analysis. As we can see on the left, we recently broke and closed below an important structure level (blue line) and this means we are in a downtrend. Our bias now is bearsih, and we want to be involved in a short position. Nonetheless, we can't set a limit order there and wait for it to be triggered, this way we are going to go broke after few days. What we can do is identify possible reversal zones and wait for price to enter and give us a reason for entry in a short direction. As a structure trader, the two level i look for are the broke support and the last resistance; the broken support didn't give us any reason for entry and so we wait for price to enter the last resistance zone, so that we can have a very nice risk to reward in this trade. As price enters the reversal zone (grey box) i use my trading timeframe in order to search for short opportunities (1hr and 4hr). On the right there's the 4hr chart and we instantly set the "alert" mode ON, because we can see two long wicks that are saying us the selling pressure is there. In addition to that, we can see the RSI divergence at the bottom signaling bull's fuel is finishing. So we have more conditions all pointing in the same direction (down) but i want to be sure i want to wait for a candlestick pattern. That's why i'm going to short the market if and only if the actual candle will be engulfing. This multiframe analysis allows you to have a better grasp on the market. I hope this looong analysis helped you in someway and let you understand my trading philosophy based on structure. Reading a chart puts you a step forward. Don't forget to ask questions below if you have any doubt. In the meantime, i wish you a merry christmas and a pleasant holiday time. See you in the next chart!
Short
by Roker1
3
LLY Eli Lilly: Where can we buy?This stock has been in a correction for about a year now and it looks like it is not done yet. Looking to the price history on the left we can see that we could soon hit strong support starting from $60.00 which is basically the top of a $48-60 price channel. So I would be looking to buy anywhere below $60 if we re-enter that channel (yellow box). I don't expect price to just move through this channel, just like we cannot just break through a herd of cows crossing the street while driving. In addition, if we copy the move from the swing highs to swing lows from 2015-2016 we can see that an equal move would end right around $60 as well, providing a further reason for entry.
NYSE:LLYLong
by PHL