Hi traders it's good to be still alive and to be trading from time to time., Happy 2021! (hope is not late to wish ^^v)
alright let's dive to this post idea., I've mark 2 possible supply area to start trade short on the 3rd week of Jan 2021 . As we can identify on chart( you need to see it by yourself on your chart ) we have lowest price and highest price on...
This trade idea is a high risk short since Gold reaches all time high on 2020. This short(sell) trade idea was inspired by triangle breakout after price breaks support line and angled line as resistance line since price not touches back.
What to expect:
1. Price will touches back to support and move to the favor on this trade idea.
2. Price make swing low after...
GBPUSD will have a huge breakout if seller couldn't defend 2019 High and latest 2020 High. It's kinda similar post that I posted on USDCAD(there is link below for reference).
The White Zone represent as Resistance zone (about 186 pips) as price still can make noises as market still trying to collect SL before showing it breakout(if only price goes to this trade...
1st Week Aug
1. Price almost breaks 2020 High from 1 Jan 2020 . Prev swing low from 29 Jun 2020
2. Bullish movement with total of 204 pips upward(bullish) From Tuesday to Thursday.
3. Finish off by breaking Wednesday low.
1. Since price went higher by time, is hard to identify when can correction trade can be execute
As currently The Dollar Index is having a big bearish bias. and there is always traders out there seeking for trade the retracement. So here am I droping simple trade idea that might works
Trade Concept : H&S (Head & shoulder)
Completed Phase : Left Shoulder with closed price level @ 93.95
Current Phase : Head with nice touch of support from Jun 2018 and having...
It has break 1.35 as for now USOIL price is rising, and DXY is currently falling.
AS on my prev. post I called for long seem not a very strong reason to buy, some major support will be turn out as new resistance as price falling.
Entry still can be made on up coming week if only price testing back up on 1.35-ish price level. Or price will just keep pressuring...
As what has been drawn on the chart, so far we have overshoot the support. and we have a lower support which is way lower on Mar, while we still having a decent channeling downtrend on smaller TF (H4 and lower)
Simple View :
Bias on short. as major trend is currently on Bearish.
Eyeing for long as if Overshoot support could be a good opportunity to go long.
As price keeps on making contact with level 1.35, this seem to be a good opportunity to buy the USD.
-keep on eye at price level 1.33 as price could be falling exceed the level mentioned and soar up in the future.
Will the price raise and breaks previous high.
This chart is a lil bit messy as I was keep eyeing on the price movement. The callout (in the purple colour) is the main structure, and the tiny little line was the minor structure. As we can see in the chart we have a close higher than the minor downtrend. this might be another opportunity price might breaks the...
As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week.
Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772.
If bear traps was a success, we might see...
Last week seems like on my last post about USDCAD has failed, and price rally up nicely with lows and higher highs.
For this week, We might have price breaks descending channel drawn, also this idea fitted with possible Bearish Butterfly pattern if price level 1.43493 acted as resistance and try to sell this pair.
and what if this idea fails.
Price might just...
This idea was inspired by one of the best trader in my book by Mansor Sapari, This technique involves called as "Fakeout V1" where price has made 2 Resistance level at simillar level of 1.26-ish. from 2nd last week and the last week of April 2020 and end up bullish candle appeased on the final day of April.
From my observation, if price keep going downward it...
It has been a while for the cable sliding down from time to time, but seem on 2nd week of October, The Cable has finally show a strong bull structure trying to against the bear movement, will the 3rd week and final week of October will be the new trend on GBP? will be finding out.
lvl 2: 1.21952