Breakandretest
Platinum long scenario Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys.
Confluences are:
1. Daily 50EMA touch
2. Nice break and retest of S/R zone
3. Bullish trend on 4H, D, W
4. 61.8% fibs
5. initially it showed rejection at the first touch of daily 50EMA
Technically its looking good, but remember that we jump in longs only if we see a good 4H rejection candles at marked zone
NAS100 LONGCURRENCYCOM:US100
Nasdaq is moving bullish after breaking out of a resistance level and retesting on the same resistance it broke out, turning it into support. Price retraced at the 38.2% Fibonacci retracement level and a bullish engulfing candle to create a high confluence setup for a buy on Nasdaq.
US30 LONGCURRENCYCOM:US30
US30 was ranging for the past couple of weeks and it finally broke resistance, came back to test resistance turned into support and retraced at the 50% Fibonacci retracement level. Entry candles are found on the lower timeframes like the 30 min, 15 min, and 5 min to go bullish on US30.
POTENTIAL BUY TRADE ON GBPJPY- BREAK AND RETEST OF TREND LINEAs can be seen from the chart, the price rejected the trend line with a perfect hammer candle upon breaking out. This has given rise to a potential buy trade on GBPJPY. Multiple time frame analysis has been conducted to ensure the trade has minimum drawdown before potentially flying to the up side.
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
POTENTIAL GBPJPY SELL - CONTINUATION OF DOWN TREND This is an update to my previous post, where GBPJPY rejected off of the trend line and proceeded to fall. Now what we see is a retest of a critical price level which could soon be an amazing sell trade, given the fact there has also been a rejection off of the Fibonacci level. The TP would remain the same as my previous post. More importantly, having multiple confluences is what ensures accuracy from what I have experienced, so there is potential for this trade to have an excellent R:R.
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
SELL- POTENTIAL SHORT ON GBPJPY - BREAK OF CHANNEL AND RETESTIt appears GBPJPY has failed to break the previous high presented on the chart. And given the recent break of the ascending channel, it seems there is a good sell opportunity. Further confirming this sell bias, there has been a retest of the channel pattern with a clear rejection, giving the opportunity to enter a great R:R trade.
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
EURUSD potential setup for a SELLGood night everyone this is my idea for a potential Sell on EURUSD currently waiting on a Break of Structure from the 4hrs previous candle. I am no financial advisor this is my setup that I'll be taking with me Team. If anyone feed off from this idea i encourage you to always use proper Risk Management. Losses is apart of Trading but you don't have to blow your account because of lack of discipline.
US30 LONGCURRENCYCOM:US30
US30 is continuing its bullish run, with price breaking a key/strong
level of resistance. Awaiting a retest and a confirmation candle to
go long on US30