Consolidation phase going on now. Clearly looking for a breakout for a directional bias, leaning towards an upside breakout for trend continuation. With a strong breakout, we could look for a retest onto previous structure for a BUY entry.
Strong bearish momentum can be seen here as we are looking for a retracement or a pullback onto the support turned resistance level. Look for price action confirmation before taking a SELL position with your target profit at 1.07406
Prices made a bullish rally and now came back for a retest onto a support area. We are waiting for rejections and confirmation on this zone before taking a LONG position towards the previous high.
Prices found support @0.63200 area and made a bullish rally towards the upside, breaking a neckline structure. We are waiting for a pullback onto the broken structure for a LONG position towards the resistance level.
Stop loss below the support area where if this level gets broken, we should be looking for SELLING opportunities instead.
Double bottom formation onto a support area, made a bullish impulse move towards the upside, breaking the double bottom neckline. With this setup, we are able to look for a LONG position if we get a pullback onto previous structure.
Plan your trade and trade your plan. Do not rush to catch the bullish move because more often than not, prices will pullback for a...
Prices got rejected from the trendline and recently broke a minor resistance level. We will be waiting for the H4 candle close and decide again whether or not to take a trade if we get a pullback.
Nevertheless, potential H4 buy limit order if we get a strong H4 candle close.
VHRTFX Forex Rules
1.0 Trade Process
First Phase
Find supply and demand in daily/h4 draw a line or box
Find pattern(quasimodo/HNS/KING/Engulf) in h1/m15 HIGHER BETTER, snr in area snd of (1)
The setup sl must below 5% from capital / Ratio 1:2 above (DEPENDS ON TIMEFRAME AND CHANGE LOT SIZE WHEN SL IS BIGGER)
Plot everything on the chart and mark the setup
Entry...
We have an impulse leg over here with strong bullish push phase and now, waiting for prices to retrace onto our previous structure before taking a BUY position, with target profit at previous high. Look for bullish continuation patterns like the flag or wedge.
Earlier this week, we found ourselves holding onto a trade that went into consolidation for quite some time. With a strong break out over here, we can look to re-enter GBPCAD, with stop loss below the 1.73000 level for a continuation move towards the next resistance level.
For our 2nd entry, prices may have found support @1.76300 level, looking for another push...
Bearish momentum can be seen with this impulse move downside. As prices are pulling back, giving us an opportunity to take a SELL entry at a resistance area. Look for rejections or bearish price action at the resistance level before taking the trade.
Strong push phase in the market, where prices starts to be in line with the overall bullish trend . Although we have an immediate bearish move, prices failed to break our support area and made a bullish rally.
GBPAUD H1 - LONG
Push phase that broke previous high and now looking for a pull back onto previous structure. We may place a BUY LIMIT ORDER at the support zone for LONG trading opportunities. Otherwise, wait for rejections onto the zone of interest before taking the trade.
AUDJPY H1 - LONG
Prices made a huge push phase due to the rally from JPY pairs and now moving sideways. We can expect a consolidation over here and be looking to catch a retest onto the previous structure for a LONG position towards the next resistance area. We'll place a BUY LIMIT ORDER at the neckline structure.
Hello Traders
I understand it's always so easy to review a trade when it's played out and ran its course.
But this no lie when I say I forgot this one was even running until our script alerted me to take profit target being hit!
It's taken 10 days for the 170 pip move to land and how come I forgot about this trade?
Because our script is a simple trend follow...
NZD CAD BROKE the trendline resistance and retest it as per analysis and moving average indication trend is reversed now ans going to make another higher high but market reached a key structure of supply zone if market respects that zone that we can expect a short term bearish position and if it breakes that resistance than we will wait for the retest and ...
EURJPY H4 - Very similar to GJ as you would expect, however the RR isn't as complimentary, we would need to break the S/R zone at 124.400 to continue downside momentum and squeeze a little more out.
