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Breakandretest

NZDJPY to 0.89 - or overextended?Hey Traders! 👋 For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Overall bullish - Made a high at 88.50 - Expecting retracement to 87.60 - Target at 89 - If 86.80 is breached, idea is invalid Other data: ⬆️ Seasonality is still bullish expecting 90 level ⬆️ Pattern scan is also bullish expecting 90 before deeper retracement ⬆️ Supertrend is also bullish ⬆️ Retail traders have extreme short positions which we would want to go against 🤔 What's your take? Like and follow for daily high-quality trade ideas!
Long
by rob_WRLD_
6
NZDUSD - Will The USD Rally Continue?Analysis: From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline which has been respected multiple times, this gives us more confidence that price is in a downwards trend still. At our area we also have the 50% fib retracement level which we could expect sellers to be sat at wanting to push price down which again works in our favour. Fundamentally the USD is the 2nd strongest major currency pair making it very attractive to buy. The USD also has been on a rally recently showing that the bullish momentum is there. The NZD however is the 4th strongest major currency pair so when we compare the USD to the NZD we have more of a bias to be bullish on the USD then the NZD which goes in our favour for this setup. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
8
AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
36
Ethereum -> Back To A Bullish MarketHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level. You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area. On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
38
GBPJPY Upside PotentialHey Traders! 👋 For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week. Technicals - Expecting a simple break and retest of 172.5 pivot zone - Aligns with support zone + 62% fib - Target is at 175 Fundamentals - Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes - JPY to remain on pressure as BoJ remains dovish policy stance and a few more ways to go before considering shifting
Long
by rob_WRLD_
Gold Downside Potential👋 Hey Traders! For Day 11 of our 100-day challenge, we're looking at XAUUSD/Gold downside risks. - Major support at 1980 was broken last week - Made a low at demand/support zone - And now we're retesting 1980 area as resistance We're looking to go short around this area if LTF gives clear sell signals. We're looking to re-target 1955 recent low. SL could be above 1995 (conservative). Purely technical analysis, fundamentals have not been considered on this trade idea. See you guys tomorrow! 👋🥂
OANDA:XAUUSDShort
by rob_WRLD_
Possible BUY on AUDNZDbreak & retest on a higher time frame. I've looking at this trade since Friday & it may play out in our favor. We're looking for a strong bullish rejection candle off of the golden zones. via 50,61 fib. Once it gives the right confirmations, I will enter for a buy & take this trade up to my extensions. If we get that confirmation candle, enter from the 50 & place SL right below 61 on fib. if it rejects from 61, we place a SL right below it as well, probably 20,30 pips.
Long
by YDILLC
Gold -> Time For New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is about to retest its previous all-time-highs exactly at the TADAWUL:2080 from which we already had two previous bearish rejections away towards the downside. You can also see that weekly market structure is still massively bullish, so I am now just waiting for another weekly retest of the previous all-time-high before I then do expect another short term rejection away towards the downside. On the daily timeframe you can see that Gold just retested the previous daily resistance area, now turned support so I just do expect more continuation towards the upside to retest the TADAWUL:2080 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
51
Ethereum -> Finally The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recently perfectly retested and already rejected the previous all-time-high of the 2018 crypto cycle. You can also see that we are approaching a massive HKEX:2000 area resistance, however I do expect Ethereum to break above the resistance and then just create more continuation towards the upside. On the daily timeframe you can see that Ethereum already broke above a previous daily resistance area exactly at $1700 so I am now just waiting for a deep retest and some confirmation before I then do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
37