Price break and closed below previous LL . Chart ; 1 HOUR | Setup ;Price break and closed below 1.12993 . Entry ; 1.12993 | SL ; 1.13718 | TP : 1.11205 Risk/Reward; 2.34 Disclaimer : Please do not simply follow my trading idea without any proper trading plan and if do so please consider of losing money .
Price fail to create new Lower low below major key level instead price break upper trendline . This indicate buyer are coming in .
If price break and closed below bottom trendline then will looking for short . For time been , stay away for a short time .
From the bigger picture NZDUSD are downtrend . It good opportunity to find entry to go short within this downtrend . Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581...
Price did break and close above upper trendline . Looking at the area of concern price did break above previous Higher low . Go long for this pair .
Price making series of lower low and this indicate buyer are getting charge over seller . If price bounce above trendline then setup for go short invalid . Meanwhile price fail to making new higher high and this might indicate buyer are getting exhausted which great opportunity for seller to come in . If price break below and closed trendline then looking for...
Price has move uptrend since previous Lower Low and continue making series Lower High .This indicate buyer are getting in charge . If price bounce above trendline so then will not looking for short . Meanwhile price fail to make Higher high and this might indicate seller are coming in . If price valid this idea then lam looking and wait for price to break and...
looking for go short if price break and closed below bottom trendline.
Based on Daily chart we can see that AUDUSD shown down channel . If this trend keep continue , it a good opportunity to go short along this trend. At 1 Hour chat we can see price making Higher low and Lower Low through time . And this indicate Seller are keep pushing price down and taking charge against buyer . Based on 1 hour chart , the best area to go...
As shown attach file above we can see that price are heading toward resistance level . If price did rally and closed above the resistance level there might be a chance price will keep making new Higher high . At 4H Time frame , we can see that price making Higher high and lower high which indicate buyer are overcome seller . With this info it not good idea to...
Looking at the bigger picture USDJPY are channeling up which mostly will going up from this point . But price fail to break above 113.000 to valid this idea instead it goes side away . Looking at the lower time frame (4H) we can see that price fail to break above previous Higher high and fail closed below previous Lower Low which indicate the power seller and...
Price did break above upper trendline which indicate trend gonna shift from downtrend to uptrend or price might move sideway along the previous rectangle pattern. Will go long if ; If price did break and closed above major key level at 0.70987 this indicate signal to Long . Once price did pullback at 0.71067-0.70914 then go Long . Area target at 0.71400 ...
Overall AUDCAD have a strong downtrend which indicate seller are controlling the scene . During this trend go SHORT are recommended . Which lead me to analysis AUCAD for best entry and come out with good R/R profile . Chart ; 4 HOUR | Setup ;Price did break and closed above key major level at 0.92731 but then price drop below 0.93137 . More over this...
Chart ; 1 HOUR | Setup ; Price did break at 111.666 but failed to closed below it . For better risk/reward profile wait for price to reach at 112.068-111.848 . Entry ; 112.068-111.848 | SL ; 112.284 | TP : 110.558 | Risk/Reward; 4 .36 |
Price break rectangle pattern at 146.764 and since then price drop to 143.000 . After this long drop price might change it trend or might keep continue it trend . Price might change it trend ; Based on 4 hour chart analysis there is Bullish Pin Bar at major key level . This might indicate price might retest area at 143.029 (looking for double bottom at 1H) . If...
USDCAD has been a down channel since JUL and recently price did break upper trendline but failed to closed above it and come back into the channel . Going Long If; Time frame : 1H If price rally above upper trendline channel then Will go long if price closed above 1.32113 - 1.32601 . Target area at 1.37252 which below previous major key level. Stop lost best...
Chart ; 1 HOUR | Setup ; Go SHORT once price break and closed below 85.392 | Entry ; 85.208 | SL ; 86.043 | TP : 83.915 | Risk/Reward; 1.4 |