USDCHF HAS BEEN ON A STRONG DOWNTREND THE PAST COUPLE OF MONTHS, AFTER SOME AGGRESSIVE RETRACEMENT PRICE IS NOW SITTING AT A KEY SUPPLY/DEMAND ZONE AND IS LOOKING TO FORM A DOUBLE TOP, I'M LOOKING FOR SIGNS OF REJECTION BEFORE ENTRY, GREAT RR SETUP.
EURUSD HAS CAME INTO A VERY WELL RESPECTED SUPPLY/DEMAND ZONE AS OF LATE, I AM LOOKING FOR STRONG PRICE ACTION ON 4HR TIMEFRAME OR HIGHER TO CONFIRM ENTRY. I CAN SEE THIS RALLYING TO FORM THE RIGHT SHOULDER IF WE DO TURN BULLISH, GREAT RR LETS SEE WHAT HAPPENS!
NZDCHF HAS CAME INTO A KEY SUPPLY/DEMAND AREA, I WILL BE LOOKING TO GO LONG. GOOD RR FOR THIS SETUP, JUST WAITING FOR PRICE ACTION CONFIRMATION ON 4HR TIMEFRAME AND ABOVE, WOULD BE IDEAL TO SEE DAILY FINISH AS CURRENT.
AFTER A PREVIOUS SUCESSFULL TRADE WITH THIS PAIR PRICE HAS NOW CAME INTO THE AREA FOR LONG POSITIONS TO BE TAKEN, ONLY A RELATIVELY SMALL SL NEEDED FOR A GOOD SETUP, PRICE ACTION ON LAST DAILY CANDLE FINISHED STRONG SO I HAVE ENTERED. I HAVE MARKED TWO TARGETS WHICH I WILL BE LOOKING TO HIT, I CAN SEE THE RIGHT SHOULDER FORMING WHICH WOULD BE GREAT.
PRICE ACTION IS CURRENTLY BOUNCING BETWEEN A TRADING RANGE ( 2 HIGHLIGHTED AREAS ON THE CHART) I SEE THIS PAIR MAKING YET ANOTHER MOVE TO THE DOWNSIDE, A H&S PATTERN HAS FOFRMED ON THE 1 HR WHICH IS WHY THE SL IS WHERE IT IS (PRECISE ENTRY) ALTERNATIVELY CAN LOOK FOR SL ABOVE RIGHT SHOULDER FOR LOWER RR TRADE.
HERE IS MY VIEWPOINT ON EURJPY, I'D IDEALLY LIKE THE PAIR TO HAVE A SMALL CORRECTION UPWARDS TO RETEST THE ASCENDING CHANNEL LOWER TL AND THEN HAVE A SIGNIFICANT RETRACEMENT DOWNWARDS, PREVIOUS STRUCTURE WAS A TRIPPLE TOP SO THE VIEWPOINT SHULD BE BEARISH. AS ALWAYS WILL BE LOOKING FOR PRICE ACTION CONFIRMATION ON 4HR TIMEFRAME +
PRICE ACTION IS CURRENTLY CONSOLIDATING AROUND A POTENTIAL ENTRY POINT FOR A SHORT POSITION, AS YOU CAN SEE PRICE ACTION BROKE THE ASCENDING TRENDLINE AND HAS CAME BACK TO RETEST, THIS COULD BE A CORRECTIVE WAVE AND WE ARE NOW JUST LOOKING FOR FURTHER PRICE ACTION CONFIRMATIONS BEFORE FOLLOWING THE ANALYSIS.
GBPJPY IS CURRENTLY AT AN ENTRY POINT FOR A BUY OPPORTUNITY. CONFIRMATIONS FOR BUY: 1. PRICE IS AT WELL RESPECTED TREND LINE SITTING ABOVE SUPPLY/DEMAND AREA 2. LONG WICK REJECTION FOLLOWED BY STRONG BULLISH CANDLE AND THEN A HAMMER ( SHOWING DIMINISHING BEARISH PRESENCE) 3. ON GENERAL UPTREND AND BOUNCED UP FROM SUPPLY/DEMAND ZONE ON MULTIPLE OCCASIONS. RISK TO...
HERE IS MY VIEWPOINT ON ON PLATINUM. PRICE IS CURRENTLY SAT IN A VERY WELL RESPECTED RESISTANCE ZONE ON DAILY/WEEKLY TIME FRAME SO I'D EXPECT SOME SORT OF PULLBACK FROM THIS ZONE TO THE PREVIOUS STRUCTURAL RESISTANCE WHICH WILL NOW BECOME SUPPORT AND THEN CONTINUE TANKING UPWARDS, ALTERNATIVELY IT WILL BREAK THROUGH THE CURRENT ZONE AND GO STRAIGHT UP TO TARGET...
GOOD EVENING, HERE IS A GREAT SETUP ON AUDUSD, CURRENT DAILY CANDLE IS FORMING A INVERTED HAMMER WHICH CONFIRMS STRONG BEARISH PRESENCE AFTER AN INDECISION CANDLE, IF FINISHES LIKE THIS CONFIRMS ENTRY,PRICE IS CURRENTLY AT THE POSITION OF FORMING THE RIGHT SHOULDER AND DROPPING TO THE NECKLINE OR BELOW, FOR THIS TO BE A GOOD RISK/REWARD SETUP WOULD HAVE TO BE...
HELLO TRADERS, HERE IS A SETUP I AM CURRENTLY IN (SORRY ITS A LITTLE BIT LATE PAST MY ENTRY WHICH IS 58.05 ) I'M EXPECTING BOTH GOLD AND OIL TO RISE IN THE NEAR FUTURE AND CONTINUE ITS BULLISH RUN, PRICE HAS GIVEN MULTIPLE SIGNS THAT ACROSS MULTIPLE TIMEFRAMES TO CONFIRM THE SETUP, AT KEY SUPPLY/DEMAND AREA, AT DAILY/WEEKLY TRENDLINE, PIN BAR ON 4HR, SMALL TRADING...
HERE WE HAVE A NICE SETUP ON GBPAUD, DAILY CANDLE FINISHED BEARISH AND ON THE 4 HOUR CHART MULTIPLE CANDLES HAVE TESTED THE AREA AND HAVE NOT BROKE THE RESISTANCE, I HAVE MARKED TWO PROFIT TARGETS ON THE CHART, SMALLER TARGET IS MUCH MORE PROBABLE AS I BELEIVE WITH THE GBP WILL REMAIN ON ITS BULLISH BIAS AS THE WHOLE IRAN SITUATION HAS SIMMERED DOWN AND BEEN SWEPT...
AFTER A STRONG BEARISH WEEK JUST GONE THE MARKET OPENED AND HAS NOW RETRACED TO PREVIOUS STRUCTUAL SUPPORT (NOW RESISTANCE) AS EXPECTED. WE HAVE SIGNS OF BULLISH EXHAUSTION ACROSS 1HR AND 4HR TIMEFRAMES SO I'M ADDING MORE TO MY CURRENT ORDERS ( SEE RELATED IDEAS CURRENTLY 100 PIPS RUNNING) AS THIS IS A CLEAR DOWNTREND FOR ME. GREAT RR IF GET IN WHERE STATED ON GRAPH.
A SHORT OPPORTUNITY HERE ON EURGBP, FROM A WEEKLY PERSPECTIVE IT LOOKS LIKE THE BIAS IS VERY BEARISH AND THIS IS THE BEST POINT FOR AN ENTRY THAT I HAVE IDENTIFIED ON A SMALL TIMEFRAME. THIS HAS FANTASTIC RR AND HAS A LOT OF CONFLUENCES SUPPORTING THIS MOVE. LETS SEE WHAT HAPPENS.
HERE WE HAVE A PAIR THAT IS A PERSONAL FAVOURITE OF MINE, A PAIR THAT I FIND RESPECTS LEVELS WELL WHICH SUPPORTS THIS ANALYSIS. PRICE HAS BEEN ON AN AGGRESSIVE DOWNTREND BROKE PREVIOUS STRUCTUAL SUPPORT AND HAS CAME UP TO RETEST, PRICE ACTION IS SHOWING LONG WICKS TO THE UPSIDE WHICH SUGGESTS THE LEVEL HAS NOW BECAME THE RESISTANCE AND WOULD BE A GOOD PLACE TO...
HERE IS MY VIEWPOINT ON AUDUSD, STRONG PROBABILITY IN MY OPINION ESPECIALLY FROM A FUNDAMENTAL STANDPOINT DUE TO DOLLAR NEWS. SHOULD SEE THE PREVIOUS MAJOR RESISTANCE BECOME SUPPORT, I WOULD LIKE TO SEE SOME PRICE ACTION ON 4HR OR HIGHER BUT I THINK UNLIKELY WITH NFP TODAY SO WILL CONSIDER 1HR, CAN SEE THIS JUST SURGING UPWARDS AGGRESSIVELY, LETS SEE WHAT HAPPENS!
HERE IS A SETUP ON EURUSD, ALMOST AT ENTRY POINT BUT JUST AWAITING PRICE ACTION TO CONFRIM ENTRY AND SOLIDIFY THAT RESISTANCE HAS NOW BECAME SUPPORT. FROM A WEEKLY VIEW AN INVERTED HAMMER IS FORMING WHICH ISN'T SUPPORTIVE OF THIS SETUP HOWEVER I THINK WE WILL GET A IMPULSE MOVE UP TOMORROW WHICH WILL WEAKEN THIS CANDLE SETUP AS I BELEIVE THE BIAS IS BULLISH UNTIL...
HERE WE HAVE A GREAT OPPORTUNITY ON EURJPY TO GO LONG, PRICE IS CURRENTLY SITTING AT THE TRENDLINE AND I WOULD EXPECT A SMALL RETRACE TO RETEST THE KEY LEVEL BEFORE IMPULSING UPWARDS. AS ALWAYS I WILL BE WAITING FOR STRONG PRICE ACTION ON TIMEFRAME 4HR OF GREATER TO CONFIRM ENTRY. GREAT RR LETS SEE WHAT HAPPENS.