Breakandretest
GBPJPY SELLFX:GBPJPY
Price on GBPJPY broke below the Daily support area simultaneously breaking the short term bullish structure on the 4H timeframe. This week I will be looking to go short on GBPJPY. A retest to 182.275 Daily resistance and/or a break and retest below 181.186 Daily support/resistance is were I will be looking to go short on GBPJPY.
Amazon (AMZN) -> Growing With E-CommerceMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
Looking back at January of 2023 you can see that Amazon stock perfectly retested and already rejected the support trendline of the rising channel and also a previous resistance level.
With Amazon currently retesting resistance at the $141 level, I do expect a minor rejection but then I would love to see a break and retest and another push higher to retest the channel top.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
UJ: “Break & Retest” Setup on “Momentum” Entry (23/100)System has identified a “B&R” playbook setup and a “momentum” shift market entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break & Retest” Setup on “Momentum” Entry (18/100)System has identified a “B&R” playbook setup and a potential “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Dollar Index -> Plain And SimpleMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on the Dollar Index.
Over the past couple of years, the Dollar Index has been trading in a quite solid rising channel and jusr recently perfectly retested and already started to reject the psychological $102 level. I do expect more continuation towards the upside to retest the upper resistance trendline.
- - - - - - - - - - - - - - - - - - - -
When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
Apple -> Break And RetestMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Apple.
Looking at Apple stock you can see that Apple just perfectly broke above the previous all time high which was at the $175 level and is now retesting this previous structure so I simply do expect another push higher from here and the creation of a new all time high soon.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
UJ: “Break & Retest” Setup on “Momentum” Entry (12/100)System has identified a “B&R” playbook setup and a “rejection” market entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
LVMH (MC) -> Buy The Stock Right Herey name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on LVMH.
For the past 7 years LVMH stock has been trading in a decent rising channel and just recently retested and rejected the upper resistance trendline at the psychological 900€ level.
Also considering that this is a simple break and retest of the previous all time high from January I am just waiting for bullish confirmation before I think that another push higher will occur.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Apple (AAPL) -> The Company Of The FutureMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Apple.
Since the beginning of 2019 Apple stock has been trading in a solid rising channel and just recently rejected the support area at the $130 level.
Apple also perfectly broke above its previous all time high and is coming back for a retest after which I do expect another bullish rally to retest the channel resistance.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
$TSM Weekly Long SwingNYSE:TSM is showing the following bullish signals in the Leave A Legacy Indicator:
Test of an uptrend created from the low of Dec. 2022 and April 2023
Reached fair value gap created throughout May
Break & Retest of high ($91.88) from April.
Swept buy side liquidity from the week of Aug. 14 (Untested Low $89.56)
CONTACT ME FOR ACCESS TO THE INDICATOR/SCREENER