Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
Hi Team! Welcome to today's update on Ethereum.
We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare...
The reason why we believe this pair is bullish
Strong weekly zone rejection and Daily strong bullish candle
Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes.
We will be looking for a pullback and an engulfing bullish candle to confirm our entry.
We will keep...
Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period.
3 different zones have been drawn:
- The green zone (Target zone) is the price forecast for our profit.
- The orange zone (S/R zone) was a zone that had not yet been breached. The price has...
On significant resistance level - FX:USDJPY 40 pips in 4.5 hours
Doji and a following Bearish hanging man - could have entered here, little riskier but better RR
Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going
at either entry point, very little draw down. much easier to trade with...
the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter.
The trend line (blue) was respected several times during this uptrend.
Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not...
sexy price action
break and retest of level (last kiss)
morning star on 5m RailRoad Tracks/tweezer bottom on 15m and bullish hammer 30m
Eur momentum is up after retracement
keep it simple and follow price action
target is R2, could also trail stop and see how she goes
EURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13.
There is a large amount of market structure at the 1.135 area so we could just see a continuation of the...
Market Breakdown & Trade Analysis on GBPAUD
In today's trade analysis and breakdown I will be using the letters A-G to represent our multiple confirmations. With the Power of Confluence, Lets Begin.
On GBPAUD we've identified our Key Levels represented by the Daily (Red), 4HR (Orange), and 1HR (Green) Horizontal Lines. As we uncover this analysis we will be...
hello guys were looking at a long EJ trade this is active right now!!! follow the red lines for tp area. ive used fibonacci retracements and extensions on both daily and 4 hour for entries and exits. i removed them to get rid of clutter.
if you like this analysis please follow my link to get up to the min alerts on forex, stock, and crypto plays from my team and...
we are looking at the EURNZD short based off it being in a resistance zone. it is also at the daily 2.00 fib extension which indicates a heavy reversal point. and the resistance zone happens to be in the 50 - 618 fib retracement area. we will continue to look for rejection but 4 hour doji is good.
if you like this analysis i welcome you to check out daily...