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Trend continuation setup on NZDUSDHi guys, after the Trump's election we've had big uncertain moves. Of course in that situation you, as a structure trader, don't want to be involved. Now price is slowly calming down and so we can redo our analysis and we can end this week of trading, hopefully with some pips. This setup is on the daily chart and it is a trend continuation setup: this means that we are recently broke the resistance to the high, giving us reasons to believe the trend is upward. The first zone we have to keep an eye on is the previous resistance that could act a support, then we're waiting into the bottom of the last impulsive move. In this two zones we're going to search for some lower timeframes opportunities in order to get long. Hope this helps. Don't hesitate to ask if you need to. Good luck!
Long
by Roker1
Decision point in Pound/YenHi traders, today i want to share with you some of my daily analysis on pound/yen. As you can see in the chart the trend has been clearly bearish for the recent past. After the break of the level of 130 flat the price is now coming back to retest that level of daily support. Support could become resistance and so we are now in "alert mode" in lower timeframes. This means that we are going to seek for some reversal signal in order to short the market. Let's see how it goes.
Short
by Roker1
XAUUSD 4hr Double BottomGold on the Daily chart has been in a nice uptrend for most of the year. We are seeing a pullback right now and I'm looking for a good spot to jump on the Long side in this market. This 1250 area is where I think is a great spot to look at getting long. Good psychological number plus we have some structure looking left. We are back to the breakout area from the Brexit decision. Right now I'm seeing a Double Bottom on the Lower Time Frames (60 and 240min charts) at area that I like. Also note that the RSI is showing MAJOR divergence. Stops - Can either go right below the Double Bottom or back below structure looking left. Targets - Target #1 will be a retest of the highs. Target 2's will be a trail stop. Best of Luck!
FX:XAUUSDLong
by PateSkpate
CYPHER FINISHING ON NZDUSD 4HA bullish Cypher pattern coming to a finish on NZDUSD 4H. Took the CD leg with target @ 786 retracement. Previous structure suggests a better entry near the 886, however rules are rules and are used for specific reasons. T1 @ 382 of CD leg, secondary target @ 618 nearing previous structure resistance (inside). Overall uptrend on this pair plays for a favorable pattern, perhaps a TCT larger trade. SL below X and slightly below previous structure low. Two Gartleys have worked out nicely on this pair. A missed pivot on .70550 makes for a good case of this pattern coming to a finish. Good trading.
Long
by Carlos_LL
GBPUSD - Counter Opportunity+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close. Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to hit this zone once again and to form a Double Bottom - with a RSI being in OS for the left Bottom. This will be a nice counter trend opportunity with stops below structure. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
4
EURUSD - Strucuture Trading+++ Don't forget to LIKE & Follow+++Here are my thoughts about EURUSD on 4H. Price failed to make a higher high higher close above previous minor structure(red line) and if you drop 1 time frame lower you will see a Double Top with RSI being OB on the right Top + bearish divergence - nice trading opportunity for shorting EURUSD. If price goes higher you can take the opportunity for hopping on the bearish move. If you look left price made a NSH - this NSH confirmed a bullish rotation in price on 4H, so currently I'm looking where I can go long. There is equal measured move(orange lines) that is completing right at previous zone(look where is NSL). There is 1.618 Fibo Extension too - that is almost perfectly aligned with the measured move. I will be waiting for RSI to go in oversold condition and then I'll be looking for entry reasons based on my trading plan. You can wait for a Double Bottom with stops below structure level(NSL) and target previous minor structure. Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose