TheBearTrader1

TheBearTrader1

Price has confirmed a higher high, we are now going to sit and be patient until a higher low is formed before going long, preferably out entry would be at the 50 fib level as we have a few confluences here, such as a structure level which price has respected previously, and we will be interacting with the 50EMA. Need to wait for a confirmation candlestick if we do...

TheBearTrader1

We can see that price has fallen out of this ascending TL and has officially made a lower low. Looking to sell this pair if we get to an area of interest which is at the 50/61.8 fib levels as if we look left we can see these levels have held as structure previously and we will then be interacting with the 50EMA. Would need a confirmation candlestick before...

TheBearTrader1

We can see on the daily TF that price has now hit this descending TL for the third time, where we are at a structure level, 38.2 fib level and the 50EMA acting as support. With a confirmed entry being on the 4H TF (huge Bearish wick)

TheBearTrader1

I will be looking to enter a long position o this pair if we can get a nice doji candlestick close/ bullish wick candlestick. As we can see, price is making a series of higher highs and higher lows (uptrend), we are not at an area of interest: 3rd touch of ascending TL can always expect a reaction here, 71.8 fib level and also a structure level acting as support.

TheBearTrader1

There looks like there is a lot going on in this chart, ok so let me break it down for you. With correlation to my DXY weakness bias this pair is screaming for a move higher, technical are also on point. I took a long from the Breakout of the recent descending TL and bagged 5%, since then we have seen price push up higher however it is now very corrective and at...

TheBearTrader1

On the daily chart we can see price is coming up to test the resistance of this longer term descending TL, with another confluence that we are at a resistance level on a smaller term TL channel, where its likely to see a bounce don from here, also creating lower lows and lower highs in this corrective channel, price could take an impulsive move lower. Which means...

TheBearTrader1

Shorts look good from here. Third touch of descending TL, fib retracement up into the 61.8, 50EMA acting as resistance shown by multiple wick candlesticks. Series of lower highs and lower lows. 7.5:1 RR, valid set up and I prefer this to my previous EURGBP I have just published (as they contradict each other with GBP different bias)

TheBearTrader1

Shorts look good from here. Even though we have broken through the descending TL we are still bearish, no 4Hour higher high has been made. The trendlines are subjective therefore they are just an additional confluence to take into account, yes it would be a negative about the trade however we cannot argue with price action. Rejection of the 78.6 fib level, 50EMA...

TheBearTrader1

CADCHF- We can see price has broken out of this ascending TL which it was respecting and now made a lower low (potential change of directions) however before entering we need to wait for the 1H close to confirm a lower high has been made. We have a good number of confluences forming here which are, price has retraced up to the 38.2 fib level and 50EMA which is...

TheBearTrader1

WAIT FOR A CONFIRMATION BEFORE ENTRY, PRICE STILL IMPULSIVE. As we can see price is forming a series of higher highs and higher lows, we are also respecting this ascending TL which is currently being tested as support along with the 78.6 fib level. If these two confluences holdout I am waiting for a confirmation to go long (e.g a candlestick that closes above the...

TheBearTrader1

AUDCAD- Long idea (Wait on 4H close) We can see that price broke out of this descending TL, changing trends, confirmed with the higher highs and higher lows, we are also testing the 50EMA as support and the 61.8 fib level. For a confirmed entry I will be looking for a long wick candlestick

TheBearTrader1

Short opportunities on this H4 close (if we have this bearish wick) if not I will be waiting for a deeper retracement into the 50% fib. We have multiple confluences here as price is clearly in a downtrend (lower highs, lower lows), price is also respecting this descending TL, we are also near and below the 50EMA and has stalled around the 38.2 fib level with what...

TheBearTrader1

Price has broken out of this TL, confirmed a lower low and is now on a resistance level at a structure, 50EMA and the 50 fib level. However it is Monday so I won’t be taking this trade, will look at PA tomorrow morning. This is a perfect set up though, before you take it wait for this 4H close.

TheBearTrader1

We can see that price has broken below this ascending TL, making a lower low with a retracement up into a fib level. We also have this irregular H+S pattern which is valid, however i do believe we can see a push up to previous structure level, the 61.8% fib and the 50EMA, this would be a high probability set up if we can get a nice confirmation candlestick.

TheBearTrader1

As we can see on the 4H chart price has fallen out of this rising wedge formation, we have now clarified that we have a lower low and looking to short this pair upon a confirmation of a lower high with confluences such as candlestick patterns, fib levels or EMA.

TheBearTrader1

H4 chart we can see price has broken out of this bullish falling wedge formation, and broken a key resistance level. Personally i am waiting for a retracement into a fib level and looking for this 1.3145 zone to act as support before going long. EYES PEELED AND ALERTS SET.

TheBearTrader1

EURNZD- Hoping for a 4H close above the 50EMA to confirm our long idea. We have price in an uptrend (series of higher highs and highr lows) with a third touch of this ascending TL causing a bullish wick candlestick previously. and also a 50% fib retracement.