EURJPY Short AnalysisEURJPY looks nice on for shorts as we see a break and retest pattern after a week support got broken
Breakandretest
NZDUSD Short AnalysisLooking for an intraday shorts and on 1H Price Action confirmation and a quick breakeven position as we have FOMC and Fed interest rates later. Need to be on the safer side even if the entry is a breakeven touch and go....
EURJPY Short opportunityWaiting for the 1H Bearish candle close or if not then will wait for the 4H closure below 131.635 for the break and retest pattern. Lets see
USDHUF POSSIBLE LONGPair has been in an established uptrend and has broken through another resistance level cleanly...all I'm waiting for this setup is to see bullish confirmation at zone to get into a long position
USDJPY SELLPrice has broke through level that has previously served as support and the movement of this pair indicates rejection of the previous supporting level.
Fibonacci is the only tool used in this trade and pair has also shown rejection of the levels which can also support the fact that there is a downtrend continuation which could occur.
EURUSD SELL Trade based on the following:
- Price is moving towards a level that has previously served as support in which a bearish move could occur
- Continuation downtrend
- Pair seems to be struggling to break above price
- Fibonacci level incorporated
INTU has some room to runINTU looks ready to break into new all time highs. RSI is very bullish but not over extended yet. Good chance this gaps up over resistance tomorrow at open. $585 is my first target price. May wait to get in on a break and retest of resistance.
GBPUSD Back testingBack testing GBPUSD. I started by identifying the trend then looking for a divergence, break and retest, or other patterns. In this example I identified what I believed to be a divergence signaling a sell and I also Identified a possible head and shoulders forming. In my excitement over seeing the head and shoulders I forgot to take into account the SL of the divergence when deciding on my entry and ultimately got stopped out.
USDJPY BUY - STRUCTURE TRADEBuy Trade based on the following:
- Uptrend
- Entry based following on from a retracement move
- Break and retest of level
Simple trade using minimal indicators and tools.
LITHUSDT - Accumulation phase.. Watch for bullish momentum!Watching for a change in Market Structure.
Sideway accumulation, Confirmation of bullish momentum is key here before making a move.
Break and retest of 0.03c area = Entry
Invalidation - Break of current support
EURUSD break and retest Short eurusd clean break and retest, position protected by the weekly area in green just above resistance. however not to sure on the short position considering we still havent broke the descending trend line
CADJPY Buys CAD JPY coming to 88.509 resistance zone, waiting for a test of this zone then candle confirmation to show heavy bottom wicks, indicating a bearish transition. Supported by the continuous downtrend of the day and weekly charts. Additional confirmation of a fib level. TP at previous zone of 85.0221 SL at previous higher zone of 88.9541.
Putting it all together part 1(July 4-July9th) OK girl you like fibs… and that’s ok why?? Because you like to know where YOU are at in the market. We like Monday’s to add confluence! Noticed how the market came back inside Monday.. Retest monday.. Left monday.. And came back inside? That is great! Also noticed where the market came and collected smart money? Also, this time around we were looking for entries at the 50 or.618 retracement level.. If you did not enter on the 1hr you used the 15m. We combined smart money entry & rockzfx entry techniques along with the fib which really increased confluence and confidence! It also eliminated a lot of the noise. THANK YOU HOLY SPIRIT FOR TEACHING TEACHING TONIGHT!!
Time zone: Asian, 8am, and 11am. GREAT TIMES!
Key: we need to wait for retracement to happen! Let the market breathe! And always keep the Mondays relation key. DO NOT HESITATE! IF YOU GOT 2 TO 3 CONFLUENCES WE IN THERE LIKE SWIMWEAR! You see it mark it & keep note of it!
SL- 10 TO 15 PIPS // TAKE PROFIT- 50 PIPS
GBPJPY 29/09CONFLUENCES:
- 4H Timeframe break & retest of 150.550
- Daily Timeframe bearish momentum
- EMAs crossing
Sell Opportunity on GBPUSD
The market structure on GbpUsd seems to be shifting from a bullish to bearish sentiment on the daily timeframe. Ever since price has approached the Weekly Resistance Level, sellers have made themselves more apparent and clear downtrend structure has been established.
Scoping into the 4H charts, the most recent bearish candle has aggressively broke through the Daily Significant Level. This break in support could potentially indicate bearish strength, adding to the long-term bias as well. If we could retest this level as potential resistance and follow with strong bearish rejection, I'll be looking for sell opportunities.
Sell Opportunity on EURUSD
Looking at EurUsd, we could notice on the daily charts that ever since we've approached the Monthly Non-Horizontal Resistance Level, we've established bearish market structure. With this being said, it seems the sellers have predominately taken over.
Scoping into the 4H charts, price has just recently broken a significant level of interest and is currently retesting it as potential resistance. If we could identify some bearish sensitivity away from this level, I'll be looking for potential sell orders.
Potential Sell Setup on AUDUSDHappy market open everyone! Let's see if we could bounce back after a tough last week. Looking at AudUsd, price seems to be pulling back to a potential pivot point that includes a Non-Horizontal & Horizontal Significant Level. If price shows bearish sensitivity around this area, I'll look to take sells.
Friday Blitz Trade 9.24.21-Trading Rules
30 Take Profits
30 Pip SL
Move stop lose into profit after 8-10 pips in profit
-Twin Trading
2 trades in the same direction
1 trades has a SL and TP
1 trade has just a SL and you trail it
-Lots
example for .10
.05 and 0.05
Proper Risk
0.01 per $100
or
Follow YOUR trading plan
Potential Buy Setup on AUDJPY
Looking at AudJpy, the analysis has changed a little since the last post. Price had a bullish push above the Significant Daily Level and could be signaling some buyer strength in the future. I'll be waiting to see if price could pullback all the way to the level before creating more uptrend structure. If I notice bullish rejection bounce away from the level, I'll look for buy opportunites.
Buy Setup on GBPAUD
As for GbpAud, I anticipated price pulling back to this daily level and reacting with bullish rejection like we are now. If price continues to show bullish sensitivity around this predefined level, I'll look to place longs. Waiting to see how the candle closes.
Sell Setup on CADJPY On CadJpy, we've had a strong bearish rejection away from the Non-Horizontal Resistance Level and broke some market structure.
Price has pulled back to the recent swing low and is beginning to follow with some bearish rejection. If we could get some stronger rejection, I'll look to dip in.
Buy Setup on CADCHF Looking at CadChf, price has dropped away from the Daily Horizontal Level and bounced at the significant horizontal level that it's been rejecting at for the past month.
Considering this level is very significant and includes a Non-Horizontal Support Level for confluence, I'll be waiting for price to provide a strong bullish candle closure off of the level before thinking of placing any buy orders.
