Get started

Trendcontinuation

Bearish Trend Continuation XAUUSD (Gold) 1HR TFHi guys, So what we are looking at today is a potential move in Gold for bearish trend continuation, as we have recently seen price action press down into lows of 1193's for where previous level of structure support was retested and respected. However, on the 4HR TF we saw price action break and close below into new lows of 1193's suggesting strong bearish momentum. I believe following support of 1193's being respected allowing a bullish relief rally to occur that now price action has retracted into previous levels of structure at 1200 - 1208's for where selling pressure could re-enter the market and we could see one final retest of the lows down at 1193's. Following the bullish retracement into previous levels of structure and more specifically the kill zone of 1202 - 1208, that RSI has gone OB and price action has printed a valid LLLC candlsetick that I am now short in anticipation for one final retest of the most recent lows printed in Gold (1193).
FX:XAUUSDShort
by hmwalker_
Bearish Trend Continuation AUDCAD 1HR TFHi, guys following the strong bearish momentum recently seen in AUDCAD, we have since seen prices rally down into new structure lows of $9275's. What I am now looking for is a pullback to the upside into previous levels of structure within the region of .9343 - .9397's to get short on the market, in anticipation for one final retest of the of the most recent lows printed by price action down at $9275's. If, we see price action press up into my suggested kill zone, then I will be looking for RSI to go OB and for price action to print a valid LLLC candlestick to give me that needed disctertion to get short. I will also be using a ATR based stop-loss of 20 pips, above the current OR up at .9397's, therefore at the market price of $9417's. For targets ones as established will be down at a retest of the lows to see that needed trend continuation move I am expecting to be seen. Trade with confidence, Henri.
Short
by hmwalker_
Bearish Trend Continuation NZDUSD 1HR TFHi guys, what I'm looking for in NZDUSD is that of bearish trend continuation. As we have seen strong bearish momentum recently within this pair to which price action made a new structure low (NSL) at .6540's. I believe that following the short term bullish relief we have seen from .6540's that as price action has now retraced into the most recent area of consolidation and levels of structure in the market at .65911 - .6622's, that we might see selling pressure being to enter this market once again due to it being an area of interest for sellers in the market. I will then be looking to get short within the identified kill zone at .65911 - .6622's, as RSI has gone massively OB and so I will be looking for price action to print a valid LLLC candlestick and if fulfilled, I will short next bar entry in anticipation for one final retest of the lows down at .6540's. However, if I do not see my rules fulfilled and buying pressure continues to increase and violates structure resistance OR) up at .6622's then this will invalidate my analysis for bearish TC. Trade with confidence, Henri.
Short
by hmwalker_
EURUSD - The $1.15 level Is Important To MeHey traders! I've had a lot of request here on tradingview to provide an update on my $EURUSD outlook so here we go. However, before we get into that please understand that as a longterm swing trader, my views don't change too often. There are a handful of levels in the market that are important to me & most of what happens within those levels has no effect on my longer-term outlook. On the chart above, you can see that price never pushed high enough to change my longer-term opinion. However, i would like to see some more confirmation before looking for ways to get short and that confirmation would be a violation of the $1.15 level. As always I'm wishing you guys a great week of trading. I'm excited to be back in the markets just in time for the volatility spike. Good luck out there! Akil
Short
by Akil_Stokes
15