EUR / USD 1.13638 - 0.4 % SHORT IDEA * STRUCTURE & PRICE ACTION HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR.
* The pair has been range bound in consolidation for a while now, trading in a descending channel within this structure.
- The pair saw a break above of structure currently rejecting this move, which brings the possibility of the descending structure being in play again.
- Looking for short entries on the PAIR short term this week should all the rules of the formation be met.
lets see how it goes
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ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Supplyandemandzones
AUDJPY H2 good chance to FallHello traders . As you see the price is near the two prz zone from 2 Harmonic Patterns and also a nice supply zone( why nice ? because it is a fresh and strong zone) so I expect a downtrend for this currency pain soon . but if the price break successfully this supply zone and prz zones , this analysis will be really fielded !
EURJPY ANALYSISEURJPY rebounded from the demand zone around 128.30
price broke the downtrend line
price above HVN around 128.70
price also above SMA 100 and key level around 129.50
MACD shows the start of bullish momentum
RSI above 50
so it's expected bullish movement to resistance level around 131.00
Potential Crab Forming 🦀XAUUSD - Potential Crab Forming, D point landing inside strong demand zone with lots of confluence, makes a very nice PRZ.
We've had a BOS on the 3H, price is bearish on the HTF also.
This move is following the HTF trend.
I do expect a slight push up before this potential down move (Based on the LTF analysis)
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USDCAD ANALYSISUSDCAD trading in the downtrend line
price rebounded from 61.8% fib level and key level around 1.2780
price forming AB=CD pattern
RSI in downtrend line below 50
MACD shows the weakness of bullish momentum
so it's expected bearish movement to pattern target at 161.8% fib level and support level around 1.2520
USDCAD ANALYSISUSDCAD broke uptrend line
price rebounded from the supply zone and HVN around 1.2940
price below a key level around 1.2860
price also below SMA 100
MACD show weakness of bullish momentum
so it's expected bearish movement to support level around 1.2720 then to demand zone around 1.2600