GBPAUD: Bearish Wave Is Coming!!!
hey traders,
it looks like pound aussie turns bearish.
on a daily, the market is currently attempting to break below the flag pattern and 1.815 key structure support level.
in case of a confirmed breakout, there will be a high chance to see the stong bearish movement to retest the market low.
Target levels for us will be:
1.80
1.78
1.76
Please, support idea with like. Thank you!)
Swing-short
EURGBP: Trading Plan
hey traders,
EURGBP is currently trading within the rising parallel channel.
What is worth paying our attention to is recent rejection from 0.893.
It looks like sellers accumulate their selling positions around this level.
based on this observation and horizontal structure on the left I have
identified a potential reversal zone between 0.893 and 0.896.
once the market reaches this area, I will be waiting for a bearish breakout of a bear flag
to short the pair.
Target levels will be 0.8860 and 0.8805
Stop will be above the highest point of the flag.
good luck!
*if you like this idea, please, like it and leave a comment! thanks :)
GBPCHF shorting ideaThese 2 options are what i am looking for in GBPCHF, option 2 gives a better RR which aligns nicely with the 78.6 fib and 200 ema, however i think option 1 looks more likely with price being pushed sideways creating what seems to be a triple top. If price can potentially push into the 61.8 zone, i will be looking for a short with a 1% risk as the reward is looking very much worth it.
GBPUSD - 24/05 - SELLPure resistance & support + fundamentals.
Last close was 1.27 -1.27100 then a sharp rejection at RES 1. Res 2 is marked as possibility, due to GBPUSD uncertainty.
Fundamentally wise, GBP is under pressure and has uncertainty around it due to EUR vote (result Monday). Alongside this, May is under pressure and candidates (Boris) would force through Brexit causing the £ to plummet. I have only mapped on SUP and RES levels here, but we could potentially see a BIG drop, so eyes on the chart swing traders.
Good luck on the markets.
Key Levels S$P500 27/02/2018 Those are the next fresh supply and demand for swing term at the S&P500.
Both levels seems great level for swing term position, and there are unfilled orders
Waiting there, if the price will reach the supply first i'll sell there and my target will be
The demand below, and vice versa,
USDJPY Bearish Christmas Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a basic version of the system on Trading view to help traders visualize the strategy.
USDJPY
To open long positions for USDJPY , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid and we can see this pair climb to new highs. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will basket trade into the position on H1 and minimum 156 pips will be up for grab with small risk SL at swing high. Target 400 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
AUDUSD short positionAussie moves in trend a lot of the time. It moves between solid support & resistance levels. The price currently as of 22/09/17 is half way between a support and resistance zone. It has hit resistance and now on its way down to support. 1:2 risk reward. Heavy USD news on Tuesday and Wednesday could affect the pair.
$GBPUSD SWING Trade uncertainty will flood GBP because of brexit negotiations, a break of the bearish trend would be very bullish so SL above last high, final target will be the white trend line connecting the recent lows which i believe needs to be retested.
1D MACD Crossover looks very strong i would prefer high RSI but it is trading in a pretty low range compared to history so i guess that makes sense.
AT&T at descending triangle resistance lineAT&T is currently forming a descending triangle pattern (look at weekly / daily charts for confirmation). It is also at the resistance line for the descending pattern on the hourly chart.
Wait for break of convergence pattern below and then enter short. Set your stop loss slightly above the middle of the convergence pattern to avoid false breakouts, and set your price target slightly above resistance to avoid missing your exit.
Alcoa consolidating at supportALCOA (AA) showing signs of consolidation at support. Look to enter long on break of upper consolidation line OR short on break of support line. Long position is more likely given recent price action.
LONG play (break of upper consolidation line):
- Enter stock at 36.39
- Look for exit below the 38.95 support line within three to four days.
- place stop loss in the consolidation area so you don't get wrecked by a false breakout.
SHORT play (break of support line):
- Enter stock at 35.96
- Exit stock above the next support level around approximately 32.66.
- Set stop loss at 36.00.