Zonetozone
EURAUD - Short Zone to zone
order placed 3 pips before the zone
Stops 3 pips above zone
23 pip risk v 269 pips
A clear buy on eur chfwe can see on the weekly time frame it created a double bottom and on a uptrend going zone to zone clear buying area
UsdCad long quick and nice 15 pips4h morning star
1h morning star early london momentum still moving up
higher time frames always win so need to trust
we have triangle formation waiting for break with our long bias from higher tf
we get a last kiss on 15m with lots of nice rejection dojis
one more push and rejection of down trend line and then a break with the 5m tf
also 30m ftr which was a larger picture of the last kiss
1-2 RR depending on entry and profit target
keep your charts clean and simple
once you took trade up to resistance / supply zone could have shorted for 15 pips and once again it seems on 15m hanging man doji
good trade overall, happy trading and trust the 4h signal
GBPUSD - Zone To Zone Price has pushed unto a fresh zone on the 30/ 1hr. 4hr chart
RSI is oversold on the 30min chart
Order set at 1.2970
35 risk v 311 reward
AudUsd SHORT BreakOut / Last KissRisk Reward 3.21
Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern
Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for example and shorts away
Each top of triple top is moolah type, lower high simultaneously indicating downtrend confirming momentum bias like we get from candle stick analysis
another confluence is the large increase of momentum on the 4h bearish engulfing bar
EURUSD - Turning points on the Daily Looking at where price is there are a few levels that are jumping out.
The first area is the 1.17400 level, there was a strong move down from this level, looking left however there has been a lot more activity in this area which leads me to believe that although there could be a good opportunity here there is a better and untouched area at 1.19250 area.
If price pushes up toward the 1.9250 area there is a stronger possibility of a drop.
EURUSD - Highest Probability Turning points on the Weekly chart The 1.12000 level has only just been touched and rejected so this could offer another area to get long. However the untouched area that would offer a better low risk chance of a turn would be down at the 1.10200 level.
The highest point offering great shorting opportunities is way up at the 1.22800 area
EURJPY Trading IdeaHere we can see that price has been respecting the trendline structure since sept '18 (blue and black arrows). Currently price is heading towards support, more than likely price will bounce as it did in the past. I will be looking for confirmation patterns such as engulfing, morning/evening star and pin bar confirmation. Forex is very risky therefore, proper risk managements is necesarry.
Weekly Outlook 31st Dec - 4th Jan - AUD/CADPrice has been ranging sideways between 0.9600 and 0.95700 this shows me that there is potentially a chance price may break lower.
There is a fresh Zone at the 0.9300 level which has had one tiny test and bounced from this level. If price shows signs of rejection at this level it could be a good place to get long to the 0.96900 level.
If price were to break to the upside first I would be watching the 0.9600 level to short.
Outlook - EUR/USD 21st - 28th December Price found the 1.14500 level this week as a hard area to push past, overtime price got to the level it found strong selling pressure.
For the most part price has been ranging between 1.1§300 and 1.14500
Two areas that I have got my eye on are firstly the lower Demand zone at 1.12200 when price found this area last, there was strong buying pressure and shows this would offer the best low risk area to go long.
The higher zone that saw a stronger drop was the 1.17500 area.
This offers a very large 500 pip price range, will see which area price favours hover it may be a slow week due to christmas
EUR/USD - Long If price pulls back into the new zone I have a order set 5 pips above to ensure entry
Target Zone is a fresh zone on the 4hrs chart
