royschen07

royschen07

Price Action Day Trading Daily Bias: Bullish, Price broken through long term resistance and closed above POI: Price is retracing back to the broken resistance after formed a higher high. Based on Currency Index, NZD is close to support level and CHF is close to resistance level. Based on those confluence, NZDCHF will have a higher chance of bullish reacting at...

royschen07

Price Action Day Trading Daily Bias: Bullish POI: Price retrace back into H4 support horizontal level and rejected from that. Price went bullish breaking through bearish trendline and H1 resistance level. H1 TF, price formed a double bottom with a strong horizontal level of the neckline. Setup: H1 Broken neckline set a long trade with SL below double bottom...

royschen07

Price Action Day Trading Daily Bias: Bullish POI: H4 support level that have been rejected multiple times. Price retraced back and confluence with trendline. Price formed a double bottom at POI and created a higher high to confirm a trend reverse towards upside Setup: H1 broken resistance (neckline for double bottom pattern) with SL below Double bottom swing...

royschen07

Price Action Day Trading H4 Bias: Reversed into bearish Broken H4 support level. Price has reversed from bullish movement. USD is expected to weaken due to bad economic news. CAD is stronger as the OIL price is doing well now. Price is expected to go lower. Setup: Short trade at broken horizontal level as price is extremely sensitive at that level with SL above...

royschen07

Price Action Day Trading H4 Bias: Bearish Broke through a swing low closing lower. Fundamental support that EUR is bearish and expect to increase interest rate. NZD is bullish and got intention to increase interest rate. Setup: short trade at broken support level with SL at H1 swing high. Targeting next H4/D swing low

royschen07

Price Action Day Trading H4 Bias: BULLISH Broken through resistance trendline and resistance. Price rejected at the strong support level and formed a higher high. Price heading uopside Setup: Set long trade at the horizontal level targeting Daily Swing high with SL below H1 swing low.

royschen07

Price Action Trading H4 Bias is bearish. forming a lower low and highs/ Still displaying a strong bearish movement. Price retrace to H4 horizontal level forming a flag pattern. Price rejected from the horizontal level and broke H1 support & flag support level. Set short trade at broken H1 support with SL above swing high of retracement. Targeting Swing Low of...

royschen07

Price action day trading. H4 Bias Bullish Broken H4 resistance and price is setting higher high & lows. Set long trade at broken H1 resistance level and SL below H1 previously low targeting H4 Swing high with a R:R 1 : 6 . This is a very short term trading.

royschen07

Price Action Daytrade. H4 bias is bearish. Price broken through H4/Daily support level. There is not immediate reversal, it is not a fake breakout Going to lower TF H1, Setting a short trade with SL 20pips from entry. R:R targeting H4 Swing Low previously R:R 1:5. Entry at broken support (H4). Price should continue bearish.

royschen07

Price Action Daytrading H4 bias bullish. Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept. Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout. Price retrace back in the H4 Broken Resistance that turned support. At the support level, it...

royschen07

Price Action Daytrading. H4 Bias is bullish. Price is having a higher high and low. As we are aware that USD is not changing interests till likely sept. CPI is going strong. USD is bullish. H1 TF, Price broken through a resistance level. Price is expected to head higher. As JPY & USD news are out on thur and friday. Price will continue to move until then. Set...

royschen07

Price Action Daytrading. H4 Bias is bullish. Price has broken H4 resistance level setting a new high. In H1 TF, expecting the price to pullback to a H1 horizontal level before going higher. Break & Retest strategy. Set Long trade at the H1 Horizontal level targeting next H4 swing high with R:R 1:4. Chose AUDCHF as there are not major news this week.

royschen07

Price action daytrading Price is bullish bias on H4 & higher TF. Taking a bullish bias. Price has broken the resistance level. Going to H1 TF, Price still reacting strongly from the broken resistance level. Trading breakout & retest strategy. Set Long target at the broken level targeting Daily Swing High with a tighter SL for better R:R

royschen07

Price action day trading. H4 TF, price is still bearish going into the range. EUR is expecting to cut rate soon, price is expecting to go lower due to that. Price broken a strong past horizontal level heading lower from last week. Price is now retracing back healthy. Set a short trade at the level to target range low.

royschen07

Price Action Trading Price broken through all the time resistance level setting a new high. All higher TF price is strongly bullish as expecting of interest rates to cut in Sept 2024. CPI coming in at 3.4% for May CPI slowly reducing but still far from target of 2% setted by FED. Going down to lower TF, price is still very bullish especially at 2419 level. Set a...

royschen07

Price action daytrading. H4 TF, price is bullish setting a new close high. Price also broken the H4 resistance level going higher. Set long trade at the broken horizontal level. SL below the H1 swing low. Targeting Daily Swing High to get a better R:R.

royschen07

Price Action Day Trading. Price has broken down the support level setting a lower low. This has brought the price back into the Range Zone. H4 TF price is bearish. It has created a good opporunities to short the pair. Set short trade at the broken support level. SL above the swing high of H1 TF. Targeting Range Swing low

royschen07

H4 PRICE BIAS is bullish. As price is heading higher. H1 TF, price will pull back into the horizontal level that was tested multiple times. Set a long trade at the horizontal level with SL below the h1 swing low. Targeting Daily swing high. Basic break and retest strategy