Fresh daily demand level, wait for a deep test and AT LEAST an m30 pinbar around the H4 support line.
Potential short setup on USDCAD, expecting this to come into play quite soon if it does. Break of H1 H&S neckline. Of course you'll need your own entry criteria to be met but there's a good RR ratio available here!
These are the key levels i'll be watching on this pair to take short positions from. There's a lot of room for us to continue to the downside on this one and the higher timeframes have been trending bearish for quite some time. The daily shows this clearly. The level we are at just now is a key area as this would make the daily put in a clear 'Lower High' in the...
Potential long position from this level for next week. We've come down quite strongly on this pair and landed on this key support level, seeing quite a big bounce during this week. I think there's a big move to come on this pair, as will many, which is why patience will be key. I don't believe this is the only tap we are going to get at this level as when long...
Analysis as indicated. Looking for a retest of the broken resistance to take longs up to the next H4 resistance to the upside. A good 90+ pips here if you get a good entry with a bit of patience. I will be looking at entries in the green box indicated as this is the last H1 resistance area, giving us a more favourable risk:reward ratio. Long term downtrend on...
Here we can see on this pair we've had a clear break of the sloping support, having a daily bearish candle closure below the trendline and just now looking like there are more bears coming into the market. We've been in this ascending channel since December and now we're hitting monthly resistance levels and struggling to stay above them, this is also the first...
Here i've mapped out a potential scenario we can look out for on GBPJPY. You can see on my chart i've marked the grey box at the top, we saw this pair ranging in this area for a little while before now giving us a clear break of the support and the bears coming in strongly. The dotted line you can see is a monthly support level, which i've tightened up on the...
Can see here a clear break and retest of the monthly resistance level that i've marked up with the red dashed line. There's also a larger overall trendline i've added to the upside which is taken from the last swing high on the daily. Profit targets are set at the trendline but could also look to take partials and move stops to break even when we hit the first...
Potential scenario for shorts on Gold. You can see the larger descending channel i've marked up which could be tapped and give us a reaction, with the chance to catch a large move to the downside. Alternatively i've added that smaller bullish channel you can see, it may not quite retest the overall trendline and may instead just break this counter channels...
Short setup on Gold, for those of us like myself who unfortunately missed shorts off the trendline! You could enter now but R:R would be poor and you'd be selling right into that little support. Break and retest of the marked support area and you could find yourself a valid entry to short down to the trendline.
Break and retest of this resistance i'll be looking for longs after meeting my own entry criteria. You can see the sloping resistance/trendline that was broken previously and the momentum now appears to be bullish on this pair.
Wait for an H1 break and retest of the marked area with the arrows, M30/M15 will then be used for entries. Could enter from here however the resistance just above here gave us a bit of a bearish reaction when it touched it the last time, so for higher probability wait till it has definitely been broken. Higher R:R entering from here but lower probability, good...
Still some potential to catch a nice little trade on this pair, this area we are at just now was my TP on a trade I set last week! Wait for the retest of support as resistance then take an entry as suggested, of-course using your own entry criteria! Will be at least an M30 bearish engulfing for me.
If we see a close above the marked (blue) H4 resistance level I'll be looking at long positions. Targets set at H4 and then D1 resistance levels. Will be taking 2 small positions with these targets if I see good entry criteria. Feedback always welcome!
Simple little idea here based off pure price action. Opportunity to take an entry with excellent R:R!
Come down strongly to that previous area of resistance marked out. Would wait for a re-test before entering. Stop set using the ATR and the length of the potential signal candle. Profit target based on previous resistance levels and a 2:1 risk reward.
In a downtrend and now trading underneath the moving average. I can see EURUSD falling down to the next zone i've marked with the black lines. This is a zone that has been respected in the past on the daily time frame.