Zonetrading
GBPUSD - Some to watch for potential swing to the upside Price has been pushing higher this past week.
Similar to the GBPAUD chart there is an obvious Daily zone, this is too wide a risk for my liking.
Down on the 1hr chart I have found a demand zone that is just above the Daily price, which when looked on the 1hr chart is very sideways.
Will wait and see what price does
GBPJPY - Daily Zones To watch Having a look through the timeframes the only areas that are standing out are currently on the Daily TF
Price has been pushing higher, given the previous price action, as marked out in the rectangle box there is a fresh zone at the 152.00 level
will wait for further confirmation on current direction
NZDCAD - Zones to watch this week Price hasn't really touched the bottom zone, it has be pushed up before its gotten there which leads me to believe that this could offer a buying opportunity.
There is a fresh 4hr zone to aim for which as you can see price has been moving sideways for some weeks.
there is a truly fresh demand zone lower.
GBPJPY - Zones to Watch this coming Week Price has touched and moved sideways from the recent Daily Zone.
Looking at the Daily price has continued its bullish movement up.
What I'm watching is the 1 hr demand zone to go long, a retest of the Daily supply offers a RR of: 4.5 :1
If price pushed higher I would be looking at the 147.00 level as a higher target offering a RR of: 9.8 :1
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
Short AUDCAD - Rejection Of 1 Hour Resistance ZoneShort FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Details:
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
4 Hour
1 Hour
30 Min
Just a newbie trader whos blown one too many accounts trying to find his way in the markets.
Would love to get feedback on my idea and analysis.
Zone Hopping (ETH)Hi Team! Welcome to today's update on Ethereum.
We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare an equally measured move from what happened last time to what we might expect to see, the possibility of ETH revisiting 100 again is becoming greater with every day that passes.
It's also important to note that the anticipated Constantinople update has been delayed due to a massive potential security flaw.
I won't discount the possibility of a short lived bullish liquidity capture up towards our 38.2% fibonacci near the $140 price due to the nature of these volatile markets however my bias as of now remains with further bearish expectations for this particular asset.
This analysis is not meant to constitute as financial advice, please use risk management and trade/invest at your own risk!
Stay safe in these volatile markets friends,
Z ~
GBPJPY LongThe reason why we believe this pair is bullish
Strong weekly zone rejection and Daily strong bullish candle
Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes.
We will be looking for a pullback and an engulfing bullish candle to confirm our entry.
We will keep you all updated on this pair
GBPJPY testing support zone
chart analysis:
Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period.
3 different zones have been drawn:
- The green zone (Target zone) is the price forecast for our profit.
- The orange zone (S/R zone) was a zone that had not yet been breached. The price has passed the zone at the moment,
but I expect it to be important in the future.
- The red zone (Support zone) is an important part of the analysis. This zone has been respected several times in the months:
September 2016
February 2017
April 2017
June 2017
That's why there is an expectation that this can be an important turning point for the downward trend.
Trend lines are distinguished by numbering:
- Trendline 1 (black) is the ''base line'' of the current trend.The downward trend is clearly recognizable with
LH and LL (Lower heights and lower lows) since December 2017.
- T rend line 2 (blue) is the ''active line''. Price has passed the line once and then always respected.
- Trend line 3 (black) is the ''breakout'' line. If this trend line is passed, this may mean the beginning of a new trend.
Expectations:
I expect that after the outbreak of the S/R zone, the price will undergo a retest. If price drops after the retest, I expect it to fall to the support zone (red). This zone will also be tested and subjected to a retest. If the bulls take action and break trend line 3, then there will be a trendreversal. After that the price will strike through to the S/R zone and Target zone.
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.