Swingtrader
accumulation stage of EURNZDEN is currently on its accumulation stage on the market ( a stage that occurs after a decline on the market) typically raging on the support and resistance as we can see.... I'm patiently waiting for a break of resistance (1.7274) and retest to continue the cycle (advancing stage) to the upside(1.75608)... this analysis is based on pure price action and it's of course not considered an investment advice
AUDUSD POSSIBLE OHLC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OHLC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong resistance.
Price appears to be going back up to test last months high hence possibly creating an 'M' pattern.
We will find confluence with other technical indicators for a VALID SELL ENTRY.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
EUR/NZD Long after shorts hit TPEUR/NZD has been a great day trading market this week. I took profit on a short position which resulted in a 1:2 gain and am now looking to go long at a bounce of some decent support levels. I'm not currently in the long trade however I will be looking for a price action confirmation to take this higher.
EURUSD SELL LOOKOUT
Happy Weekend Traders , EURUSD is already showing willingness to continue to drive down based on the 3 weeks Pin Bars formed on the weekly timeframe. However, i am patiently waiting for price to pullback to my interested point before i would be interested in swinging this pair for a huge amount of pips in the coming week(s) . Your likes and comments would be welcomed . Please kindly Smash the FOLLOW botton to get more of this analysis . Thanks to you all for the support .
EURJPY LONG OPPORTUNITY GETTING SETHappy Weekend Traders , has we have already seen the price action formed signaling a buy signal to push the market up to give over 150pips before looking for a new swing opportunity to the downside if the previous high holds. I am still consideration the possible gap that could be created when market opens before looking for the buy opportunity. Your likes and comments would be welcomed . Please kindly join me to get more of this analysis in future. Thanks to you all for the support friends.
GBPJPY LONG OPPORTUNITY Happy Weekend Traders , i have this pair already around my point of interest. i would look for it to hold around the psychological level before buy to get me to the next swing point. Your likes and comments would be welcomed . Please kindly join me to get more of this analysis in the future. Thanks to you all for the support friends.
Price Action & Psychology - Pullback, accumulationHello !
Key points :
Accumulation zone
Halfway retracement
Volume uptrend > volume downtrend
Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong :
1) we see several spikes in volume
2) the bodies of the candlesticks grew wider the more the trend advanced
As you can see, we've had a little 1-candle pullback at first. Then, the trend resumed, the stock encountered a resistance (previous support on the left side) and pulled back halfway before accumulating.
Obviously, from a realistic point of view, the stock could go any way from here. But, as always, we're trying to stack the probabilities in our favor.
During the accumulation, the volume was relatively "normal", except for that spike I highlighted. The thing is, despite the high volume, the price didn't move. This tells us that sellers are not able to win the fight against buyers (since we're pulling back from an uptrend movement, buyers are still dominating).
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
CADJPY LONGPrice is at an important area of support on the weekly chart, I anticipate price to bounce off this area of support and head in an upwards trajectory for a bullish movement.
On the 4H chart we see that a new ascending channel can form and as such, I expect the pair to trade within this channel. Retest appears to have been completed.
A great potential swing trade setup with lots of pips for the taking.
Risk-reward ratio: 1:6.08
SL: 77.791 (-56 pip risk)
TP1: 79.553
TP2: 80.774
TP3: 81.754
It should be an interesting setup for the next week if it plays out accordingly.
Share your thoughts and analysis in the comment section below.
Updates for EUR/USDIn this techncial analysis, I updated what I expect of this par. Well, I hope that this par it's leave at the 0.618% of Fibonacci, reemember of this part of the scalping, well, in this technical analysis my sentiment is short. That is a pull back we hope.
Because we found out in the past days a possible formation Shoulder Head Shoulder, and now, it's seem that now when leave at the blue mark zones to possible zone to entry in sell, there are a nice position.
If you refer my link to related ideas, I post before of this analysis, a scalping opportunity to entry in long until the find up 30-45 pips. And so, in the scaping strategy I invest 0.02 lots and SL in 15 pips in 15 minutes
And remember, in that green zone, there are a zone of decision and institutionals.
GBP/JPY BuyGBP/JPY
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Buy
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Buy Stop Setup
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Bullish momentum on higher timeframes
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Previous resistance level broken with a close above
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Price wicked down and closed above the resistance level to create a new support
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For a reduced risk entry, I set a buy stop in order to catch bullish momentum, should it continue
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TP set at next area of structure where price may have reversed/bounced
AUDNZD LONGBased on my analysis, I anticipate price to bounce off the trendline to trade within the ascending channel and head upwards.
I've already entered the trade at 1.06400 right after completion of the retest on the 1H chart.
Risk reward ratio: 1:7.9 (Swing trade)
SL: 1.06147 (-36.2 pip ris)
TP1: 1.07467
TP2: 1.08210
TP3: 1.08816
TP4: 1.09368
Let me know what your thoughts or analysis are on this pair.