Long trade high risk but good Risk to reward . Trend change on lower timeframe can we continue up.
gold took a turn based our rules, broker daily trend-line and failed to make make a new daily low. hold has also been trending bullish on the lower timeframe FOREXCOM:XAUUSD
eurgbp has broken the 4h / 1h trend-line and is currently aligned with a lower time frame head and shoulders pattern. with a good risk to reward available I'm entering this trade now. we have to also consider that there's elections in Europe that can affect the market so risk accordingly. ill suggest a 5% risk or less on this setup
this pair broke the daily and 4h trend-line, creating a uptrend structure. should the price retrace to the origin of the break. that's where we will enter 4rr OANDA:AUDUSD
nice setup on us30 based on our strategy OANDA:US30USD
price has retraced to our daily zone, can we get a reaction or will it push to our 4h nested zone.
pair had been trending downward, and has created a valid supply zone for us to get an potential entry. If price retraces enough. OANDA:CADJPY
a chance to enter short if price retraces to our zone. gold is bearish, having the daily trendline broken and weekly supply now in control. we look forward to an enter from the daily supply area. which will also be the complete of a daily head and shoulders pattern. near 1320 OANDA:XAUUSD
eurjpy has rallied for the last two days. giving us a clear indication the bulls showing strength. this rally has created a demand zone on our daily timeframe after removing a previous supply and consolidating away one the lower timeframe after forming two daily bullish extended range from the base of our zone. lets see if we can get the retrace needed to activate...
GBP has been gaining strength across several pairs. here on the daily chart we see demand has been form. With the bulls pushing forward and the trend is clear. The zone also lines up with the golden ratio OANDA:GBPCHF
Gold is currently trading within the monthly supply zone. This zone is still valid so long trades are not allowed. we want to see a break of structure, a valid down trend. we might be in times of uncertainty politically in the USA so we should consider gold can potentially rise as a safe haven asset. here we have a 4h SZ created after removing a 4H demand zone...
EurCad has been trending down on the 4h and 1h but consolidating on the daily. here we had a break of structure and a clear new demand zone created. this will be considered an aggressive entry because the higher timeframe trend is down.