Explanation within the chart image - took a L.
Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys. Confluences are: 1. Daily 50EMA touch 2. Nice break and retest of S/R zone 3....
CURRENCYCOM:US100 Nasdaq is moving bullish after breaking out of a resistance level and retesting on the same resistance it broke out, turning it into support. Price retraced at the 38.2% Fibonacci retracement level and a bullish engulfing candle to create a high confluence setup for a buy on Nasdaq.
CURRENCYCOM:US30 US30 was ranging for the past couple of weeks and it finally broke resistance, came back to test resistance turned into support and retraced at the 50% Fibonacci retracement level. Entry candles are found on the lower timeframes like the 30 min, 15 min, and 5 min to go bullish on US30.
Price created HHs - looked for 2nd HL for continuation upwards, price triggered SL immediately so was a L. Monitor P.A - executed plan and risk management.
EURUSD LONG: H was created Looking for 1st HL - bullish pinbar on 15m TF Looking for continuation upward with HHs and HLs I see similar setup on 30m TF (monitor PA)
Good looking play: -price created a H -looked for support to form & price created a bullish hammer/pinbar -added dynamic support by ema -clean M.S and P.A with traffic -2.5RR ENTRY WAS OFF BY 4 PIPS....
Explanations within the setup as too why I took the trade and where my SL was triggered - took a 1.5% L but we move.
Great setup pre NY session ! HHs and HLs - B and RT with ema acting as dynamic support - healthy RR
A+ SETUP Basic Market Structure Price Action Break & Re-Test
As can be seen from the chart, the price rejected the trend line with a perfect hammer candle upon breaking out. This has given rise to a potential buy trade on GBPJPY. Multiple time frame analysis has been conducted to ensure the trade has minimum drawdown before potentially flying to the up side. *NOT FINANCIAL ADVICE, MERELY AN OPINION*
This is an update to my previous post, where GBPJPY rejected off of the trend line and proceeded to fall. Now what we see is a retest of a critical price level which could soon be an amazing sell trade, given the fact there has also been a rejection off of the Fibonacci level. The TP would remain the same as my previous post. More importantly, having multiple...
It appears GBPJPY has failed to break the previous high presented on the chart. And given the recent break of the ascending channel, it seems there is a good sell opportunity. Further confirming this sell bias, there has been a retest of the channel pattern with a clear rejection, giving the opportunity to enter a great R:R trade. *NOT FINANCIAL ADVICE, MERELY AN OPINION*
After breaking the support level of 1.0300, the price is retesting the level and correcting the bearish impulse at 0.382. Rejection from the level is a good sign that the area will turn into resistance. For professional signals, contact me privately.
Great multiple TF analysis - B.O on 30m TF and looked for a RT on LTF which was 15m ! - 2RR
GBPJPY forming HH and HL and break back above 166.000 level. looking for retest of 166.000 level and continuation to 168.000
Break and retest strategy, trade idea, risk management and psychology behind my trade making 3.6 times my risk.
Hey guys this is my thought for AUDUSD. Felt good about this setup of cause we know anything can happen so please as i stress to you Use Proper Risk Management. I am no Financial Advisor i just love what i do and sticking this strategy through Good or Bad Times.