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Zonetrading

USDJPY long-term trading the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter. The trend line (blue) was respected several times during this uptrend. Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this has created a triangle pattern. The price is also close to a respected zone. This zone has been reached several times, but has never been broken. This has not been possible since 9 May 2017. Because the triangle is at a height and close to the '' short zone '', I think the price will go the other way soon. When the triangle is broken or the '' short zone '' is touched, we can take a short position. I currently expect some upcoming movement within the triangle. When it is broken, I expect the newdowntrend to start. I have chosen the TP (Target Profit) of 111,870. This is the first respected zone where a turnaround often occurs.
Short
by JvdB99
1
Double Top UJ | R/R 4.15 | MASSIVE 40 pip profitsOn significant resistance level - FX:USDJPY 40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going at either entry point, very little draw down . much easier to trade with less draw down :) M double top (easier to see with the zigzag) NY DROP for 40 pips Risk Reward very nice taking it down to the next major zone No fancy indicators, just price action and market structure
by beank1
EURUSD Setups 08/12 - 08/17 OutlookEURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13. There is a large amount of market structure at the 1.135 area so we could just see a continuation of the bearish momentum that is building and find ourselves going lower prior to any bullish scenarios setting up! Possible macro Head and Shoulders setting up which could result in EURUSD heading down to parity (1.00) over the remainder of trumps presidential term I am not (yet) a licensed financial adviser and this analysis does not constitute as financial advice. This is for educational purposes and you accept sole responsibility of any and all trades you take... investing with real money involves risk!
by ZacharyHogan
Looking for some Bullish Momentum on GBPAUDMarket Breakdown & Trade Analysis on GBPAUD In today's trade analysis and breakdown I will be using the letters A-G to represent our multiple confirmations. With the Power of Confluence, Lets Begin. On GBPAUD we've identified our Key Levels represented by the Daily (Red), 4HR (Orange), and 1HR (Green) Horizontal Lines. As we uncover this analysis we will be using our Levels as a reference to potentially look for Targets and Manage our Trades. Letters A & B represent the 2 highest points on our chart where we have drawn a Downward Trend line. At Point C GBPAUD broke the Trend line and finally came down to do a retest at Letter D. Considering the broken trend line and retest I will be looking for Bullish Confirmations. Next to Letter E we have a Bullish Reversal Pattern Known as an Inverted Head & Shoulders, with Letter F being our Neckline and Zone. Keep in mind in the Zone there is a 4Hr level. With the Bullish momentum kicking in and the Inverted Head and Shoulders applying, I will be using the length the Head (Dotted Line next to Letter G) of the Inverted Head and Shoulder to find Targets with our Analysis. Since I'm Looking for the Market to break above our Zone, a Buy Stop Pending Order @1.77 works great. Since I want this Market to Push straight towards our 3 Targets which are listed below, having a minimal Risk Stoploss of 40 Pips at 1.766, falling below our zone and H4 Level should be a great protection. Below I have included details of the analysis. GBPAUD Pending Details: Buy Stop Pending Order Recommendation at 1.77 falling above our Zone Stoploss Risk of 40 Pips at 1.766 falling below our Zone Target 1- 1.776 (60 Pips) Target 2- 1.786 (160 Pips) Target 3- 1.791 (210 Pips)
by ATElevatedFX
EURNZD sell ideawe are looking at the EURNZD short based off it being in a resistance zone. it is also at the daily 2.00 fib extension which indicates a heavy reversal point. and the resistance zone happens to be in the 50 - 618 fib retracement area. we will continue to look for rejection but 4 hour doji is good. if you like this analysis i welcome you to check out daily analysis and signals or forex, stocks, and cryptos from my team. we have 15+ years experience come follow the link. t.me
Short
by JohnnyFBrensinger
XRP/BTC Range Bound - Could We See Break Today?Looking at the daily this morning XRP has been trading in about a 10k satoshi zone, which breaks down to two key zones on a 4HR in my opinion. In order to get a sense of which way price action is looking to trend, i'll be looking for a daily candle close above or below this zone. On the daily, the zone I've charted (pink box) covers from about .00011600 to .00012500, which i believe once clearly broken (topside or bottom) will clearly see price action move in that direction. I bullish XRP long terms, so i'd like to see a break and close about .00012500 and above .00013000 would be even better. However, considering on the 4HR price action is riding the 200 EMA like a stallion, if we break and close to the downside, i would not be surprised to see price move to .00010500 to .0009500 area. I'll be watching this closely. 4HR Chart - Pink box reflect daily range with no daily closes above or below. blue boxes represent 4HR consolidated ranges within the past 4-5 days. 4HR View
Long
by Crypto_Sid
CAD/CHF *18 NOv 2017* Short SetupCADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone . However, friday's close did not break my support zone. Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East? Since xxx/CHF pairs are bearish at the moment, last week's price action and I am expecting CADCHF -0.75% to slide further. I will be patient and shorting at the highs. Disclaimer: This is just my personal opinions and execute your trades at your own Diligence.
Short
by chris_aung
Gold - Which ellipse will govern the PA ???I marked two ellipses on the weekly chart: blue and red. Ascending Blue Ellipse is working since Dec_2015 dip of 1050. Latest boundary reaction of blue ellipse was at 1205 level in July.2017. Descending Red Ellipse is active since June.2016 high level of 1375. Last week we saw the latest boundary reaction of red ellipse at 1360 level. Now we are in yellow price zone. Blue ellipse seems more dominant to reach 1420 level. But if the black supporting curve lying under the yellow zone is broken, a sharp drop to 1100 might be possible, a good opportunity to sell below the support. On weekly RSI indicator, 70 level is still open. Price will probably try to retrace and spike one time further to reach 70.
FX:XAUUSD
by CitRoN_RouGe
2