We hit the 127 Ext of the Monthly leg looking to bounce short term as a buying opportunity. We will wait to test structure as resistance before executing a long term short trade
Short Term - 1:3.14
Long Term - 1:2.94
Short term we hit the 88% retracement of the monthly leg. We should see a short to the 61% of the M leg as well. Because we broke the trendline and 61% we could see another push upwards long term. The retracements of the current w leg would align the 61% fib of the 61% of the M leg + structure. So we have good confluence on a confirmation to go long (long term)....
Looking at reanalyzing at the secondary resistance zone from a monthly perspective. Possible opportunity or another SL?
How many pips have you scraped from us so far!? Let us know!
Idea coming out soon.
We are respecting the 1.34 zone as resistance (tested 3 times already) and forming a solid doji with a long shadow indicating market exhaustion in addition to bearish interest. The 4H gave us the bearish signal and if you missed the trade there is still a chance to enter.
RR - 1:3.8
We are testing the 126.10 level of structure as resistance. We are still trading below the zone with the daily candle forming a doji candle and the 4H res [ecting the level of structure making lowers lows and forming double tops. We are currently in a small drawdown but still respecting the area of structure.
RR - 1:3.47
As we broke beyond the trendline, 61% fib and m structure with a weekly close above the zone, we are sitting currently in a drawdown. Price is climbing to 1.22 where we could see down average opportunities, short-term shorting opportunities, or possible entries if you missed the trade altogether.
We are holding on until we see that our entry zone (prev...
We already tested and confirmed our entry. now in the next few hours, we should be seeing a move to breakeven based on the 4H structure confirming the bearish move.
if you missed the trade look at the 1.08 level on the 4H our daily timeframe to get a possible (re)-entry on this pair.
If you are taking these trades with us, tell us how many pips you made so...
We are testing the 61% fib which aligns with the monthly structure. Now we need to wait for a daily and 4H confirmation- as the daily creates a Doji and a bullish flag that indicates market exhaustion and indecision. Now we wait for the structure to present itself and the environment to shift bearish.
RR - 1:3.3
We hit our SL but are still looking at a valid set up for EURNZD as we reach the 1.6999. We are touching the trendline (M), completing a pattern (W), and hit a 127% extension on a daily.
3 pieces of evidence to make a compelling case. However, with extreme bearish momentum, we need a strong confirmation prior to entering.
Short term traders can use this to...
We are testing and currently respecting the 1.3342 level of structure as resistance. Once we get confirmation we can start to look and execute our short idea. Currently price on the daily is giving us an exhausted signal and the 4H is giving multiple tests at a consistent level. We simply must break a level of structure and wait for the environment to shift to...
We are looking at shorting the pair on the retest and confirmation of the 4H TF as the price has continued to drive beyond a structural resistance zone. I am suggesting we close the trade manually here are waiting for a valid retest versus hitting stop loss with a 2% loss (outside risk params).
RR - 1:3
We have confirmed our entry and the entry conditions were satisfied. The difference between this video and the previous one we made on USDCHF is that we moved our stop loss to be tighter. You can execute or set up limits.
GOOD LUCK TRADERS!
RR - 1:5.9
We are still testing the 1.3020 zones of the structure as we completed the formation of harmonics not the weekly as well as reaching 100% of the previous leg on the daily/ weekly. Additionally, we already broke past the daily trendline with a proper test and we are retesting currently. If we retest successfully then we can validate the entry and set up our limits....
We are experiencing the retest of a major structural zone on the monthly time frame. We are looking looking for a short term trade to the 1.269 level as we prepare to short upon the confirmation of the final retest of this zone.
GOOD LUCK TRADER
RR - 1:2.56
We did not have a compelling case on the weekly/monthly time frames for a buying/shorting opportunity. However, we are in a descending environment. Nevertheless, the Daily and 4H timeframe gave us an indication that we could have a buying opportunity being presented if we can confirm with a contextually bullish environment and candle structure.
We completed the harmonics pattern last week but now we are testing a triple top on the 0.7364 significant monthly structure level. Now we just need to wait patiently for the confirmation signal to be given.
It is a new week-- be safe!! GOOD LUCK TRADER!!!!!!
RR - 1:2.88 - Short term
RR - 1:5.40 - long term