GBPJPY - possible buy'sWe can see a nice level of structure has been found recently here. If we can get a pull back in the asian market then we can look to take a buy position from here.
Zonetrading
GBPCHF SHORTOn the daily chart, you can see the wick of the previous candle has touched my monthly level and a following extremely bearish daily candle suggests price will continue to fall from here. I believe it is in the process of retesting although I'm not sure where it will retest to so waiting for a short opportunity. I have plotted my fib levels on the daily timeframe. This could be the start of a downtrend but I wouldn't take the short until a strong bearish rejection off one of the fib levels. You can see a downtrend on the 4hr timeframe more clearly. If this goes in favour of a short, I'd expect it to at least reach 1.19315. I'm a beginner so please point out any tips or flaws in my thinking!
CADJPY LONGIf the 4hr candlestick closes above the zone, price might retest this area before reaching the next 4hrly zone as price is currently in an uptrend which you can see on the daily time frame. Based on the 4hr, price is also in the golden zone of my Fibonacci, a break below this level would require a change in ideas!. I'm a beginner so any tips or flaws in my thinking, please let me know!
GBPUSD, 4hr tf, sell on conlfuence of resistanceHello my friends,
I hoped you all are doing well with your trading.
I myself am having a bad week as some positions hit stop loss.
This week alone i got 4 positions hit stop loss and got 8% loss banked.
Each trade was using 2% risk so in total it was 8%.
Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed of.
For today i am gonna trade lightly and i already got some positions in mind which looks very interesting.
First is GBPUSD pair.
As you can see, price still moving inside the ascending channel which could be a potential bearish flag in the future.
Price currently moving into an area of confluences which is the meeting point of ascending channel and horizontal weekly resitance.
In my opinion, we could see sellers step in to hold this area and a rotation to the lower side is likely to happen.
Sell GBPUSD 1.3265
Stop loss 1.3300
Take profit 1.3160 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Possible Inverted Head and Shoulders Completing This WeekThis may be an inverted head and shoulders we're looking at and about to complete the right shoulder. So if that's the case, we're gonna be bullish this week. If not, we should test the weekly zone at 123.526 and push down to the next levels.
BULL TPS:
• 124.297
• 125.022
• 125.885
BEAR TPS:
• 123.580
• 123.107
• 122.601
Waiting for Retest of Bullish Engulfing To CompleteWe're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we pass the daily level.
BULL TPS:
• 1.71684
• 1.72830
• 1.73672
BEAR TPS:
• 1.70968
• 1.70498
• 1.69885 only if the retest of the engulfing candle on the higher timeframe fails and we pass through the weekly level.
Bearish Trend May ContinueGold looks like it'll continue to drop this week according to the technicals on the higher timeframe. It looks like it's just a flag. If we don't drop right away, we'll retest the monthly 1924.42 zone more time before to dip. I also added Bull TPS in case it can break the downtrend.
BEAR TPS:
• 1888.42
• 1886.14
• 1846.39
BULL TPS:
• 1919.12
• 1931.37
• 1945.68
• 1978.15
CADCHF - NEXT MOVE - COT REPORT - SEASONAL Hello, traders! As we can see we have some obvious bearish pressure from the CADCHF pair for some time now. This is due to an increase in long orders for the CHF as investors move their money into safe bonds and currencies with Low-interest rates during a global pandemic. We can see an increase in CAD short orders and an Increase in CHF long orders from last week's COT report showing us that we could have a high possibility of a move to the downside.
Bearish setup for #AUDUSDWaiting for a small pullback on this 1H timeframe. Possible entry in the marked zone. #AUDUSD #Fx #USD
GBPJPY: LongGJ is testing a highly respected psychological level right now, i'm expecting price to rise back up into the green zone once again. I linked the GJ post I posted yesterday to show you how my analysis is going day by day with this pair. I'll take my profit at the median of the green zone. Once price closes over the wick from the last candle, you can buy.
XRP/USD: Analysis *Daily POV*Overall XRP looks to be bearish in the long run maybe just to 0.25000, and i think that because price has stabbed the red structure multiple times which makes me think price doesn't like this zone, but price has been consolidating on a lower time frame. Lets see what happens!
2020-10-12 XAUUSD OutlookThis morning during NY Session, a small ranged zone formed allowing excellent scalping opportunities. The current holiday halted momentum leaving price in a consolidation block that has yet to break.
I'm personally bullish on this break. I would like to see us test the daily green at ~1916 and then move to break the previous high and test at the weekly.
My bearish scenario would be failing through ~1916, failing to come back up and riding price down to ~1898.
Please give me a follow and leave a comment below if you agree or have any insight!
7.10.2020 - Monero (XMR / USD)Hi Traders!
Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that?
Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by more than 60%. Other altcoins have also fallen by about 50% since the last high. Examples are DOT, LINK, ADA, or XTZ.
Monero is even above the strong psychological threshold of USD 100. Looking at RSI, it is clear that we are following the trendline, but we also see divergences. The chart also holds the trendline, but it has a fairly sharp angle. We have strong resistance at USD 121.43. We doubt that we would be able to breakthrough in this trend. The first thing we will watch is the fall of the trendline on the RSI and then on the chart - then there will be a decline.
May the crypto be with you!
2020-10-02 USDJPYI'm viewing USDJPY from a bearish perspective. We fell from a previous zone and crossed through the 200EMA. We are now under the cloud testing the 200 EMA. I think we could be forming a rising wedge.
I think over the weekend, we'll head down and see a possible reversal when the market opens back up on Sunday. I'll be looking to enter the reversal. We are approaching a cloud of resistance on the 4h that could cause the price to bounce around.
We could potentially find support on the cloud and head up, but I'm anticipating the TVC:DXY will lose strength.
AUDCADI would like to see pull back to the green zone before price will take to the treand line above.
EURUSD back to 1.14
Price broke out of a bullish channel (blue lines). We wait for a retracement to the dark blue zone and the yellow 4H trendline. In combination with bullish rejection candles, we can assume that the price falls far to the next zone (1.14).
AUDNZD, 2hr tf, sell on retest of resistance with ichimokuHello my friends,
Today i got a nice setup on AUDNZD pairs.
Well this pair is a bit slow to trade but since it come to my screener so i will take it.
Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates.
I use the 2hr chart to analyze this pair.
As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment.
This pair go currently retesting horizontal resistance where it acted as support before.
Parabolic SAR also above the price indicating selling pressure on this pair.
Sell AUDNZD 1.0825
Stop loss 1.0870
Take profit 1 @1.0780
Take profit 2 @1.0735
Take profit 3 @1.0690
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDNZD from 1.0825
Low Volume + Weak Price movement = ROCKET!ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month.
Trading Plan COINBASE:ETHUSD :
There are two potential scenarios that we would monitor.
First of all, in the short run, the price should reach the bottom of the trading channel at around $356. This will act as a line of support, however, it is possible that we may experience the strength of the bears and If the price would manage to break below that level with good volume, then the upward move scenario is cancelled and the price will start to decrease in the attempt to form the double bottom, around the Macro Upward Trend line.
If, however, the price will be able to hold the level of $356, then there is a good chance for the asset to gain in value and aim towards the level of 400$. Along with the upward movement, we should experience the first resistance level at around $366. If the price will go beyond the 400$ (with good volume), then it would aim for the golden pocket between $420-$426.
GBPJPY, 1hr tf, sell at resistance with ichimoku confirmationHello my friends,
Today i took GBPJPY sell as well.
I analyze this pair on 1hr timeframe to time my entry.
As you can see i marked my sell area which previously acted as support. Price broke below it with strong candle yesterday.
The upwards movement was only a retest and i took sell positions righ after it got back below the marked zone.
Sell GBPJPY 135.50
Stop loss 136.10
Take profit 1 @134.90
Take profit 2 @134.30
RR Ratio 1 : 2
USe only 1-2% risk
Good luck
Disclaimer: I sold GBPJPY from 135.50
GBP/JPY market structure trading zonesLook for a break, resets, and rejection of the areas (zones ) before entering a trade
Weekly Analysis Resumes This WeekHey all!
Been a bit under the weather recovering from injury.
I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week.
Here's how I view the charts:
I'm looking to see if I can find the price's overall move for the week with each pair.
TPs will be posted based on how far I think price will move before it does a pullback or continuation.
I don't pick one direction since market and world news can be unpredictable.
The sole focus as a trader is to get in front of the move by using the zones I mark for entry and exits.
Need more help?
Leave a comment or direct message and I'll respond to messages each day.
Let's Make Some Money Traders!
Much Heart
