I am looking for a breakout in 30min chart and a retest in 15min from these marked zones. My target will be the next immediate support or resistance ( Pivot points, Structure, S&R etc.) Pls use proper risk management.
GBPCHF - Intraday Short
Daily price high breaking down from previous high at 1.285670 toward a recent high of 1.281950.
Suggesting a break toward Monthly support at 1.240000 we are likely to see a grab toward this zone - scalping on the way lower.
We have marked these structure levels in GU from which you can trade based on price action. It is advisable to open a position after 06:00 AM GMT as there is a high volatility news release. Today will be a scalping day for us because of news in US session.
Please ensure proper risk management.
Look for a short-term push to safely 1.1818. Remember that the long-term trend is decidedly in a downward cycle. Though the Dollar may weaken after all the government spending filters through the economy, buying the uptrend could be risky in the short-term. Look for weakness off the uptrend to find a good position for downward movement.
Your entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So...
this is a very short trade, more of a scalp. yes, price could still be bullish and this previous bear move was a correction and price could be ready to push higher as we can see, last week price broke out and pushed lower for a retest which it has rejected to go lower for now. looking at the smaller timeframes we can say price was ranging and the previous h4...
Hey Guys, hope you are doing well.
Welcome to today's potential trade setup as a part of the "Aglogains - Daily Trade series".
This is a short-term scalping trade. In the 15 minute time frame.
We have seen a pullback to the previous short term resistance level of 2590 - 2600 levels from the recent highs of 2630 -2640
I have an entry after a double bottom was...
Assuming this channel holds, there are some nice scalps to be had a long the way. As long as we don't break, I will play the incoming long and add to my position on retracements. I expect a fairly sleepy weekend until we break above the 312 hour EMA and then rebound off of it to exit the channel.
Sniper Entry Comming 😇😇😇😊
Due to the Previous analysis of GBPUSD that expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support which is approaching today as I analyzed! The News of US inflation Helps the pair to complete its correction. The Monthly, weekly, daily, and H4 market structure is Bullish of the RSi and...
So GU broke the overall trend that it was supported by on the 4HR timeframe. Followed by a Bearish Engulfing candle we have a clear indication that demand will be met at the bottom of the 4 he support level. SL is scaled in on the 5m timeframe for tight stop loss .
SL & TP levels indicated on the chart .
As seen on the Chart of GBPUSD, yesterday GBP strength was quite strong yesterday on all GBP pairs.
As we can see the market has Ranging for a long time which breakout and tested the weekly supply zone.HNS pattern given on H4 Time frame,
I'm expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support and combined...