1hr
NZDUSD ShortQuick short on NZDUSD, downtrend with a retest of previous trend line. Hanging man candlestick printed on 0.5 fib retracement level.
Target 0.6800
EURUSD 1HR TF KEY ZONE FOR SHORT POSITIONSHi. guys I hope you are all okay! Here are my thoughts on EURUSD, price action pushed down into fresh lows of 1.1180's seeing prices break and close below the previous structure low of 1.1232's. What we have since seen is prices pullback into a key area in the market at 1.1285 - 1.1325's which would be the most likely area for sellers to re-enter the market. There is also a number of confluences, such as; 1.3000 even handle, a cluster of FIB ratios in this kill zone and RSI has also gone OB displaying that strength in buying pressure is beginning to slowdown.
Therefore, I am currently short with a 15 pip based ATR stop above the highs of 1.1325's and looking for a retest of the structure lows down at 1.1180's for target ones in anticipation for bearish trend continuation.
gbpnzd short term bullish but long term bearishon the gbpnzd, price formed a large rising wedge pattern while creating a smaller version straight after. I believe price will touch support zone as it has been tested many times from the two patterns.
lower timeframe consists of different setup so stay online for that one.
gbpusd bullish set upon the gbp/usd. I see an ascending channel on the 4hr timeframe.
overall bias is bullish with support line being respected multiple times and price is forming higher highs and higher lows, I am hoping price creates another HL to support my idea.
4hr/1hr timeframe shows a lot more of the channel and a lot more in-depth details about entry and take profit.
Possible EUR/CAD Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4-12hrs
Actions on -
A – Activating Event
Market consolidating above the 200 mva and has reached a condition of being oversold.In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.505
FX:EURCAD
Trade Management
Entered @ Sign up for our mentoring program
Stop Loss @ Sign up for our mentoring program
Target 1 @ 1.505
Target 2 @ 0.
Risk/Reward @ 2.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only
XEM's 1hr golden cross leads to a 1hr chart cup&handle breakoutBeen some extremely bearish news about XEM in the past few weeks but a bullish chart is a bullish is chart and ths one looks like it has at least some temporary upside to take avantage of. Short term long.
Weekly Predictions (Feb 11 - 15)- Price retested EMA (25, close), respected support and appears to be going up
- Price not yet overbought
- Could possibly form a double top
1hr inverted h&s patterns on btc and xrp.Cheers to XPCollector7 for spotting this smaller time frame ihs on xrp before priceaction had even reached the peak of the head. I just noticed there was also this one as well on BTCUSD. time frame works well on both 3 minute and 1 hour chart on this pattern. The volume profile on this one is as textbook as they get...so it all looks pretty bullish with the exception of the stochrsi being in the overextended zone. A fakeout is possible but I'm leaning more towards a legitimate breakout with a target up to the toptrendline of xrps falling wedge pattern. BTCs not as far since the top trendline on btcs wedge pattern is further away. Probability favors breakout so side with probability but also be prepared for a fakeout simultaneously.
gbpaud bearish set upOn the gbp/aud setup, I see bearish momentum regarding the resistance zone being touched.
This is in confluence with resistance trendline + resistance zone + bearish flag. On top of that, 1hr timeframe shows the cross over of MA's so wait for price to break through red MA before entering.
eur/gbp bullsih set up.on the eur/gbp there seems to be a basic support and resistance channel going on. Delving in to the 4hr timeframe, I see a rising wedge pattern WHICH could also be a double bottom as well.
Either price will break out of the rising wedge and retest support OR it could break above the rising wedge and go up. Either choice is up to preference of trading style.
1hr timeframe shows MA's about to crossover so I hope that is a good indication that price will move up as well.
USD/CAD bullish movementUSD/CAD has shown to be retesting the support line multiple times so I am hoping it would it will go up until it reaches the resistance zone + moving averages show the cross over at lower timeframes.
Lower timeframes should be used to check for breakouts/retests.
usdjpy strong supportstrong support showing on the usdjpy with a rising wedge shown on the 1hr timeframe which will be updated in this analysis. I am hoping that the market will break out of the rising wedge and retest the support line so that we can enter in this trade.
eur/usd falling wedgeeur/usd seems to be forming a falling wedge and the wicks seem to be touching the support more than once so I would assume that the market will drive up to higher prices.
I've added two take profits to levels where I think price may touch and then go down.
xau/usd short set upLooking at gold it seems to be following a downward channel. Fib was used and it showed a 0.7 retracement from the current lower high.
30 ma also shows a cross over in the 4hr and below timeframe so this is another indication that sellers are in control.
Back Test: GBPNZD (4a) 1-hr1-hr chart
EMA Strategy: GBPNZD
Short
Trade Entered @ 11:00 AM Wednesday 26/12/2018
Checklist for Short:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as resistance -
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Upper Shadow, Short Lower Body
Risk
- Holidays, so charts might behave funky
