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GBPUSD - Levels to WatchGBPUSD > 9/24-29/17 Trade Analysis Timeframe: 1W Sideways trending in play with S&R levels between 1.3450 and 1.3587 A firm break above 1.3590 signals good probability of beginning of Uptrend towards 1.3910 A firm break below 1.3445 signals good probability of beginning of Downtrend towards 1.3140 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
1
USDCAD - Short Trade OnlyUSDCAD - Short to 1.1940 1W Timeframe Week Trade #3 This week looking for a SELL opportunity only for this pair for a total target of 200 pips. Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will continue. Primary level to break and hold BELOW is 1.2155 to confirm strong bearish trend in play: Tentative: SELL Entry Market Order @ 1.2140 T/P @ 1.1940 Price could go as low as 1.1900 or within range of 1.2080 to 1.1900 but will take T/P at above target in accordance to my own trading rules and strategies. S/L will follow as price moves in projected direction at rate of 10-15 pips above. Entries/Exits may change in accordance to further analysis at beginning of week. R3 1.2338 R2 1.2279 R1 1.2237 S1 1.2136 S2 1.2077 S3 1.2035 Updates / Adjustments / Results will be reflected in updated comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Short
by ALSM59
EURUSD - Long / Short OpportunityEURUSD - Long / Short Opportunity 1W Timeframe Week Trade #2 This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips. With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level: Phase 1 Tentative: BUY Entry Market Order @ 1.1960 T/P @ 1.2085 Believe price could go as high as 1.2140 but will take T/P at above target and begin setup for SHORT trade. Phase 2 Tentative: SELL Entry Market Order @ 1.2133 T/P @ 1.1976 With a clear break and hold below 1.1915, price could go as low as 1.1817 but will take T/P at above target and establish updated analysis before further trading if any. S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week. R3 1.2075 R2 1.2032 R1 1.1988 S1 1.1901 S2 1.1857 S3 1.1814 Updates / Adjustments / Results will be reflected in updated comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
NZDUSD Long probabilityNZDUSD Long probability > 0.7500 Showing support @ 50% Fib Retracement Level having formed a Hammer. Firm Break and Hold above Weekly Candle @ 0.7300 signals positive probability up to 0.7500 Likely range of interest > 0.7410 to 0.7500 High volatility should be expected w/upcoming Parliamentary Elections Suggested strategy: Wait for clear break & hold above 0.7300 for continuance of Bullish trend. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
EURZAR Buy Set Up-31.08.2017This currency pair provides a good opportunity to conclude August month on a high. Price action has been consolidating horizontally after that strong bear pressure which begun with a strong double bar bear engulfing pattern. Current fundamentals from South Africa are not that supportive of the Rand. Its economy is shambolic to-say the least and as they slide into recession, Repo rates shall be slashed in the near future. I will look to enter long and trade as follows: Buy: 15.45 Stop Loss: Below 15.42 Take Profit: Ideal at this week's highs at 15.75
Long
by Kipyegonn
Potential Long Position for GBP/USD_Trade Plan 2017.08.07 Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level Both D1 and H4 are showing the overall trend is still up with price hold above MA200 and major support area 1.29737 - 1.30320. Currently, for the past 3 days, price pull back from the high 1.32687 and now landed slightly above the support area. Trade Plan: If price continues pull back at maximum to Fibo Ret 78.6% confluenced with MA200, show some rejection, forming Higher Low and rejected up, can consider to long the market to follow the potential uptrend continuation. With Stop Loss 60 pips and Target Profit 200 pips, the potential trade offers 3.33 Reward-to-Risk Ratio. Keep in alert if price breaks down below MA200 massively, this trade setup may be invalidated.
Long
by arieg1985
Potential Long Position for USD/JPY_Trade Plan 2017.08.07 Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still sideways to down with price hold below MA200. Currently in H1, price seems to form Double Bottoms pattern with price hold within resistance area 110.685 - 110.923, slightly above MA200. Trade Plan: If price breaks up previous high, re-test it, and rejected up, can consider to long the market to follow the potential trend reversal to the upside. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
Long
by arieg1985
Potential Long Position for GBP/USD_Trade Plan 2017.08.04 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still up with price holding above MA200. In H1, yesterday price pull back so deep to the major support area around 1.31060 - 1.31188 after GBP Interest Rate news released. For the last couple hours, price is moving sideways slightly above this area and just broken up minor Ascending Triangle pattern. Trade Plan: As a second chance entry, if price pull back to the support area once again and rejected up, long the market. With Stop Loss 35 pips and Target Profit 85 pips, the potential trade offers 2.43 Reward-to-Risk Ratio.
Long
by arieg1985
Potential Long Position for USD/CHF_Trade Plan 2017.08.04 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 shows the overall trend is still down with price holding above below MA200. However, for the last 1-2 weeks, price shows a great rejection from the bottom and bouncing up higher. Currently in H4 and H1, price is hold slightly above major daily support area around 0.96493 - 0.96827 and above MA200. Price seems consolidating between 0.96298 - 0.97219 for the last 1 week. Trade Plan: If price pull back to the confluences of support area around 0.96298 - 0.96430 (Price Structure, MA200, Fibo Ret 38.2%) and rejected up, long the market. With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Reward-to-Risk Ratio.
Long
by arieg1985
Potential Short Position for USD/JPY_Trade Plan 2017.08.04 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 show the market is quite consolidating with price moving around MA200 and forming Symmetrical Triangle pattern. In H4, the overall trend is still consistently down with price forming Lower High Lower Low formation and still hold below MA200. Yesterday, price has been rejected down from major resistance area 110.648 - 110.853 and breaks down previous low. Trade Plan: If price bounce back to the nearest confluences of resistance area around 110.231 - 110.375 (Price Structure, Fibo Ret 38.2%-50%, Down Trendline) and rejected down, short the market to follow the potential downtrend continuation. With Stop Loss 39 pips and Target Profit 110 pips, the potential trade offers 2.82 Reward-to-Risk Ratio.
Short
by arieg1985
Potential Short Position for USD/CAD_Trade Plan 2017.08.04 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price hold below MA200. For the last 2 days, in H1, price shows some momentum to the upside after succeeded breaks up confluences of resistance area around 1.25301 - 1.25452 (Price Structure, MA200, Major Down Trendline). However, currently price also seems to form a Head & Shoulders Pattern above previous resistance area now turns to support. Trade Plan: If price break down the neckline and coming back down below the support, can consider to short the market to follow the overall downtrend. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
Short
by arieg1985
Potential Long Position for USD/CAD_Trade Plan 2017.08.04 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price hold below MA200. Currently in H1, for the last 2 days, price shows some momentum to the upside after succeeded breaks up confluences of resistance area around 1.25301 - 1.25452 (Price Structure, MA200, Major Down Trendline). Trade Plan: If price pull back to this area, re-test it, and rejectd up, long the market to follow the potential of trend reversal to the upside. With Stop Loss 30 pips and Target Profit 100 pips, the potential trade offers 3.33 Reward-to-Risk Ratio.
Long
by arieg1985
1
Potential Long Position for AUD/USD_Trade Plan 2017.08.03 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the overall trend is still up with price holding above MA200. Currently, price just broke down the confluences of support area around 0.79557 - 0.79696 (Price Structure, Up Trendline). Trade Plan: If price continues its pull back to the next confluences of support area around 0.78751 - 0.78899 (Price Structure, MA100, Fibo Ret 38.2%) and rejected up, long the market to follow the potential uptrend continuation. With Stop Loss 45 pips and Target Profit 135 pips, the potential trade offers 3.00 Reward-to-Risk Ratio. As an alternative, can utilize trailing stop to ride the trend continuation.
Long
by arieg1985
Potential Short Position for AUD/USD_Trade Plan 2017.08.03 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the overall trend is still up with price holding above MA200. Currently in H1, price just broke down the confluences of support area around 0.79557 - 0.79696 (Price Structure, MA200, Up Trendline). Trade Plan: If price bounce back to this area and rejected down, short the market to follow the short term downtrend. With Stop Loss 30 pips and Target Profit 65 pips, the potential trade offers 2.17 Reward-to-Risk Ratio. As an alternative, can add 50 pips more for the second target which offers the total of 3.83 Reward-to-Risk Ratio.
Short
by arieg1985
Potential Long Position for NZD/USD_Trade Plan 2017.08.03 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the overall trend is still up with price holding above MA200. However, currently price pull backs from the high for the last 5 days. Trade Plan: If price continue pull back to the confluences of support area around 0.73146 - 0.73451 (Daily Support Area, Fibo Ret 61.8%, MA200) and rejected up, long the market to follow the overall uptrend. With Stop Loss 45 pips and minimum Target Profit 110 pips, the potential trade offers a minimum 2.44 Reward-to-Risk Ratio. As an alternative, can utilize a trailing stop once price breaks down MA20-MA50 in M15.
Long
by arieg1985
Potential Short Position for NZD/USD_Trade Plan 2017.08.03 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the overall trend is still up with price holding above MA200. However, in H1, yesterday price breaks down both support area 0.74562 - 0.74654 and MA200, re-test it, and rejected down. Currently, price also continues breaking down the nearest support area 0.74028 - 0.74141. Trade Plan: If price bounce back to this area (which confluencing with the nearest down trendline) and rejected down, short the market to follow the short term down trend. With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Reward-to-Risk Ratio.
Short
by arieg1985
Potential Short Position for USD/CHF_Trade Plan 2017.06.30 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1, H4, and H1 are all showing the overall trend is still Down trend with price is hold below long-term MA (MA120) and major D1 previous support turns to resistance 0.96403 - 0.96695. Currently, price is bounce back from the bottom slightly above next major D1 support area 0.95227 - 0.95502. To follow the overall downtrend, there are 2 potential entry. Trade Plan 1: If price continues bounce back to the nearest confluence of resistance area around 0.95901 - 0.95961 (Price Structure, Fibo Ret 23.6%) and rejected down, can consider to short the market. With Stop Loss 20 pips and Target Profit 40 pips, the potential trade offers 2.00 Reward-To-Risk Ratio. Trade Plan 2: If price continues bounce back higher to the confluence of resistance area around 0.96169 - 0.96253 (Price Structure, MA120, Fibo Ret 38.2%) and rejected down, can consider to short the market. With Stop Loss 20 pips and Target Profit 60 pips, the potential trade offers 3.00 Reward-To-Risk Ratio.
Short
by arieg1985
Potential Long Position for GBP/AUD_Trade Plan 2017.06.29 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price still moving below MA200. However, for the last 2 days, price bounce back up after rejected from major D1 support area 1.66845 - 1.67683. In H1, price starts to form Higher High and Higher Low formation, the initiation of possible uptrend. Trade Plan 1: If price pull back to the confluences of support area around 1.68992 - 1.69240 (previous resistance turns to support, Fibo Ret 50% - 61.8%) and rejected up, can consider to long the market to follow the potential trend reversal to the upside. With Stop Loss 49 pips and Target Profit 130 pips, the potential trade offers 2.65 Reward-To-Risk Ratio. Since the major trend is still down in higher timeframe, keep in alert if price reversing back down below support area 1.68992 - 1.69240 massively, this Trade Setup may be invalidated.
Long
by arieg1985
Potential Long Position for EUR/GBP_Trade Plan 2017.06.28 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still up with price is holding above MA200 and major D1 support area 0.87353 - 0.87874. For the last 1-2 weeks, price is moving and forming Rising Price Channel with currently in H1 price is moving down slightly below this channel lower line. Trade Plan 1: If price pull back to the confluences of support area 0.87607 - 0.87763 (H1 nearest support area, D1 support, Price Channel Lower Line) and rejected back up, can consider to long the market to follow the major uptrend. With Stop Loss 29 pips and Target Profit 58 pips, the potential trade offers 2.00 Reward-To-Risk Ratio. As an alternative, if price is still moving up with good momentum, Target Profit can be expanded to 85 pips offering 2.93 Reward-To-Risk Ratio. Keep in alert if price continue moving back down below D1 support area 0.87353 - 0.87874 massively, this Trade Setup will be invalidated.
Long
by arieg1985
Potential Long Position for USD/JPY_Trade Plan 2017.06.28 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1, H4, and H1 are all showing the current market bias is up with price moving up above MA200 in all timeframes and try to break above major D1 resistance area (now may turns to support) 111.623 - 112.201. Currently in H1, price is forming Symmetrical Triangle Pattern around this area. Trade Plan 1: If price pull back to the confluences of support area 111.937 - 112.075 (Daily Price Structure, Hourly Price Structure, Symmetrical Triangle Upper Line) and rejected up, can consider to long the market to follow the overall uptrend. With Stop Loss 30 pips and Target Profit 135 pips, the potential trade offers 4.50 Reward-To-Risk Ratio. Keep in alert if price reversing back down below D1 support area massively, this Trade Setup may be invalidated. Trade Plan 2: If price breaks out Symmetrical Triangle Pattern pattern to the upside, can consider to long the market to follow the uptrend continuation. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-To-Risk Ratio. Keep in alert if price reversing back down below Symmetrical Triangle Pattern massively, this Trade Setup may be invalidated.
Long
by arieg1985