LineTradingPilots

LineTradingPilots

Ladies and gentlemen, traders and enthusiasts, gather round as we take a thrilling ride through the twists and turns of the EUR/USD rollercoaster! Buckle up, because the European Central Bank (ECB) meeting threw us for a loop, but now, it's time for the bounce-back sensation of the season! Recap: Picture this - the EUR/USD pair, like a determined stunt driver,...

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Ladies and gentlemen, traders and armchair economists, hold onto your trading hats because the Euro has decided to break free from its eight-week losing streak! It's like witnessing the top-dog of the currency world making a glorious comeback after a relentless losing streak that had traders shaking in their boots. But wait, it gets even juicier – while the Euro...

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The Epic Preamble Ladies and gents, forex warriors, and chart whisperers, gather around! We've got a thriller unfolding in the grand arena of currency gladiators: the CADJPY pair! Yep, that's the Canadian Dollar squaring off against the Japanese Yen. Since the 15th of August, they've been dancing in a tight ring, neither gaining the upper hand—until now! The...

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Grab a cuppa, Forex enthusiasts, because we've got a drama unfolding in the currency market that's more gripping than a cricket Ashes series. The star of this financial soap opera? The AUDUSD currency pair, and let me tell you, it’s been a rollercoaster of a year. Imagine it like a chess match, except the kings are central banks and the knights and bishops are...

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In a year fraught with geopolitical tensions and policy shifts, the GBPUSD pair presents a conundrum that encapsulates the intricacies of modern forex trading. From Brexit negotiations that seem to never end to the hawkish stance of the U.S Federal Reserve, this currency pair is caught in a maelstrom of fundamental and technical forces. Allow me to unpack the...

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Hey there, currency cowboys and cowgirls! Grab your Stetsons and get ready for a rootin', tootin' ride in the forex rodeo, because it's FX:EURUSD week! We're diving into the labyrinth of the most traded currency pair on the planet, where the Eagles (USD) and the Sphinxes (EUR) battle it out in a mythical arena of numbers, trends, and Fibonacci spirals. It's not...

03:05

LineTradingPilots Updated 

Ladies and Gents today we are presenting a potential trading idea in the form of an inverted head and shoulders within an inverted head and shoulders. If you agree and/or like this idea please give it a like. Feel free to subscribe to our TradingView Channel and visit us on our other social media accounts.

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Apply rules of the strategy accordingly. There has been a small impulse on. daily, breaking structure to the downside. Retracement seems complete.

02:02

LineTradingPilots Updated 

NZDCAD has just tested a strong resistance area and will go lower from here in my opinion.

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Hi Traders Today I have a very interesting setup on EURJPY. Current market structure and price action on higher timeframes (4H+) suggest a continuation on the move downwards. The last candle on 4H may suggest a rejection but I argue that is an indication of doubt, meaning the wick of the 4H candle has a high probability of worked through in the hours to...

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Hi Traders Today I have another very nice setup. Yesterday's trade (EURCHF short - linked in this article) unfortunately hit the SL, after adjusting it to breakeven. So no gain, no loss (I place the stop taking commissions and spread into account). Happy days! RR on this trade is 1:2 (absolute minimum!). I am waiting for a clear break of the little support area...

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Hi Traders I have spotted this setup on the 1H chart. Price is accumulation and seems to experience bearish pressure. Wicks at the top combined with the resistance area make me expect a little downside. Nice RR on this trade 2.92!! Breakeven as soon as price hits 1.5R. Let me know what you think in the comments below :) Good luck!

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Hi Traders I have spotted a really nice setup on NZDJPY this morning. Very nice price action and structure just switched to bearish. Reason enough for me to jump into a quick short position. RR is 1:2 - which is my absolute minimum by the way. I prefer 1:3+ but 1:2 will do for daytrades. As usual, once price hits 1R profit stop goes to breakeven. Let me know...

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Hi Traders I have a nice short setup today on EURUSD. RR comes in at 1:3 but if you prefer a more conservative approach you can stretch the stop to a more comfortable 1:2 RR. Stop goes to breakeven as soon as the price hits 1R profit. Reason for this trade is a shift in market structure. Price action seems to be bearish so I will follow my plan and open a...

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Hi Traders I have spotted a real nice setup, suitable for intraday traders that wish to possibly squeeze in another trade before the weekend. From a structure/pattern point of view I will be trading a possible inverted head and shoulders within an overall bullish environment. RR for this trade is 1:2! As always, stop goes to break even as soon as price hits 1R...

LineTradingPilots Updated 

Hi Traders based on the current market structure I believe that GBPCAd will continue its drop to the downside. The resistance area (big grey box) did its job. The setup sees a 1:3 RR. I see the stop nicely protected by different layers of structure. More conservative traders could stretch the stop further and go with a RR of 1:2. As always, stop loss goes to...

LineTradingPilots Updated 

Hi Traders The long trade I opened this morning got unfortunately stopped out - looks like a nice stop hunt which took out a good few buyers I guess (stop slightly below the bottom). I give it another go. RR 1:3 - Mind: I am already -1R on this one, so if it hits TP I make 2R overall. Stop goes breakeven as soon as price hits 1R profit. Good luck guys 💪

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Hi Traders I have spotted this really nice setup on EURGBP. Nice bottom formed and structure as well as momentum seems to shift. Based on that I will open a long trade if price re-tests the resistance/support area market as a grey box. RR 1:2 If price hits 1R profit I will move my stop loss to breakeven. Let me know what you think :) Good luck.