EURAUD on the bigger picture, it clearly shows the bear is in charge. our zone is on the 4H timeframe. we decided to cover the pivot to prevent the price from touching our stop loss. and the target is just before the daily demand zone.
Swing-trade
S&P 500 - Potential Short on the 4H ChartIn this trade I intend on shorting the SPX, S&P 500 or US500 (depending on your broker) following a bearish breakout and close of the potential bearish rising wedge formation.
This trade is based upon the following technical factors that we can potentially see from the 4H chart:
1. Bearish rising wedge formation
2. Resistance at the 61.80 fib retracement
3. Decrease in volume with an increase in price
4. Upper monthly rising trend line is within close proximity which could act as another level of resistance if we push higher in the wedge
5. Elliot Diagonal Wave pattern - although this isn't a perfect formation, it is still a factor to consider
This trade is based upon the following fundamental factors:
1. The Fed can only do so much and most of the economic damage is still unknown
2. Much of the recent bull run, dead-cat-bounce or correction is now in what I believe to be the hysteria phase with no backed up reason as to why its still going up
Of course we can't dismiss the possibility of the continuation to the upside. The cases of COVID-19 are now getting lower each day and it appears that we are over the worst. This could be the reason for so much recent buy in.
The trade entry will be based upon a breakout and close below the bearish rising wedge formation. The SL for this trade will be above the 61.80 fib retracement and above the breakout area in case we get a re-test. The TP level will be targeted for the lower descending trend line which could act as a double-bottom within this price range of the recent lows. The entry and SL are variable depending on where we breakout of this formation therefore I won't be providing precise trade details other than the position in this chart.
CADCHF SHORTConsidering the bigger picture and the trend we have 90% win probability in this trade. we are sitting at all time low in the M TF and the trend is favorable for take a short trade. our zone is on Daily TF. you can do trailing stop loss for T2 in this trade.
Drop a comment below if you take this trade
EURNZD - LongEURNZD - I have alerts set for the 1.81000 region. In this area we would have an inverse head and shoulders, a key level, support from previous swing points and the 61.8% fib! We have the 4hr 50 EMA just above the 1.81000 region but I wouldn't be surprised if we push slightly lower before an aggressive reversal. Getting people caught on the wrong side of the market. Will keep an eye on this along with NZDUSD.
XAUUSD AnalysisRunning nicely on gold, expecting to break through resistance area outlined, will be adding positions on pullbacks/retracements.
USDCHF AnalysisWe are expecting further downside to come for USDCHF. On the lower TF's we are waiting for a pullback and the rules for our strategy to be met. We have outlined where we can expect price direction.
EURNZD AnalysisWe recently posted our thoughts on this trade. We were waiting for price to enter this zone and our order has now activated. A nice simple trade, break and retest of structure, lining up with fib levels. On lower TF's we are seeing a rejection from this area and can expect some upside to come.
EURJPY AnalysisEURJPY Failed to break above structure by being unable to create any higher highs and breaking above the resistance area which also lined up with fib levels. We are now seeing downside which is supported from COT position which shows banks still continuing to add long positions to the yen. We're seeing banks start to accumalate some strong long positions so we can expect some price manipulation. Nice r/r ratio of 4 on this trade setup.
EURNZD AnlysisEURNZD has been very bearish recently but price may find support around the 1.77-1.79 region, which also lines up with a key fib retracement level. We are also entering oversold territory so we could see some relief for the euro. However, with multiple bearish candle sticks on multiple time-frames it appears bears are not over yet. As per usual, we will be waiting for the rules of our strategy to be met so we will be keeping an eye in this key area to see if we can see any price action to indicate a rejection from this area.
GBPUSD AnalysisAnother possible retracement play on GB [USD, lining up with a resistance area, fib level and 200day MA. Could see sellers look to add positions around this key area. Will be waiting for rules on the 4HR to be met in order to place trades.
GBPCAD Anlaysis Will be interesting to see if GBPCAD will retrace from current levels and respect the weekly resistance area which it is in now. Keeping a close eye this week ahead for possible downside.
GBPCAD Swing trade ideaPrice is pulling back to retest structure while also lining up with key fib levels. From this area we could see some sell orders enter the market and continue to push price lower.
CADCHF SHORTCADCHF is reaching the all time recent low and I expect a retracement but after that will continue to fall.
GBPAUD Live swing trade Caught this before a nice +60 pips move to the upside. Price rejected support and the overall bullish direction could gain momentum from this area to retest previous highs.
#BTC - #Bitcoin #Bullish #BAT Long setuporiginal trade was our short
Short targets are almost done, now time to risk a long, i am still not closing my short from 10290 :)
you can also use Leverage on FTX or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
AUDCHF. AT ALL TIME LOWAudChf has literally not gone lower than this in history from what ive seen. Im expecting some sort of bounce back up but it will most likely fall back after that...…..CHF is extremely strong and AUD is extremely weak,
gbpusd swing tradeGood entry point for GBPUSD as signals on the left indicate.Will go out once stochastic RSI reaches overbought area
If ema lines dont cross each other to the upside signal wont be valid anymore .
Blue - 4 ema
Yellow -14ema
Red - 50ema
