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Breakandretest

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
by sjhood31
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.
Short
by CapitalHillFX
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.
Short
by CapitalHillFX
Potential Sell Setup on AUDJPY We could be seeing a potential sell setup forming on AudJpy. On the daily charts, price has been in a bearish correction movement, which has caused the short-term to switch from bullish to bearish. Now, we've just recently cracked a Significant Daily Level and come back to retest as resistance. For the time being, we are showing some bearish rejection away from the level but I'll want to look for some more selling pressure. If we could get a stronger, bearish candle closure to push away from this level, I'll be looking to place sells.
Short
by CapitalHillFX
Buy Setup on ETHUSDLooking at EthUsd, price is beginning to play out as I expected around a week ago! Price has pulled back to the lower level around 2900. Now wouldn't be a bad time to throw some money into ETH. As for short term plays, I would wait for a bullish bounce off of this level before validating any type of buying pressure. I still believe in the long-term bullish bias of this asset, so I do anticipate another bullish rally. But for now, this is what we're working with.
BITSTAMP:ETHUSDLong
by CapitalHillFX
Potential Sell Setup on AUDUSDLooking at AudUsd, recent price action has been favoring the sellers when technically analyzing the charts. We've recently broken a Weekly Horizontal Level and continued with some bearish momentum. I'll be waiting for price to come back to a Significant Pivot Point that includes a Weekly Horizontal Level and Non-Horizontal Resistance Level. The multiple levels of significance provide the setup with confluence, which helps validate the overall trade. Let's see if she could setup.
Short
by CapitalHillFX
A Couple Buy Opportunities on GBPAUDThere's a couple different ways that GbpAud could play out. It's possible that price could continue it's bullish momentum and break the current resistance level it's approaching. In this case, I would be trading the break and and retest of that level. If prices begin to drop, the lower Daily Significant Level would be a potential zone where price may react with. Either way it plays out, I have a bullish bias for this pair. Well see how this one plays out come market open.
Long
by CapitalHillFX
Buy Setup on USDCADRecent market structure on the daily charts show that UsdCad has been impressively bullish over the last few months. Buyers have been showing their participation and I plan on capturing a potential bullish rally. Scoping down to the H4 charts, price has pulled back to an interesting pivot point. This area not only includes 2 Non-Horizontal Support Levels, but also a Significant Horizontal Level. The confluence on this setup is very apparent, now just waiting on some bullish rejection. Just some strong H4 candle closures will validate that the buyers have stepped in.
Long
by CapitalHillFX
Buy Setup on ETHUSDAs far as ETHUSD, a couple of situations could play out. Price is currently testing a significant level that was perviously tested in the past. Although this level fueled the bullish rally towards 4000, it seems like price is not showing enough buying pressure to send the price towards the upside. So what I think will likely happen, is price will drop to the lower significant level and begin test the level as support, followed by a bullish continuation pattern to help establish uptrend structure again. I believe this setup is more probable because price is still relatively overbought and a larger correction movement will settle this issue and allow more buyers to come into play. If price does manage to drop to 2800, wouldn't be a bad idea to throw some money into ETH! Well see how she plays out.
BITSTAMP:ETHUSDLong
by CapitalHillFX
Buy Setup on NZDCHFNow, let's take a look at NzdChf. Price has recently found some strong buying momentum and broke out of an established downtrend channel. We've had a small correction movement to retest the 4H Horizontal Level and now we're showing bullish rejection off of the level. This could be signaling further bullish momentum in the future. For extra confirmation, I would wait to see how this H4 candle closes in approximately an hour. If it looks like the bullish pressure is upholding, then buy orders aren't a bad idea. But if we begin to get some sellers in the mix, it's very possible that price could make a further correction movement towards the downside before finding enough pressure to send price for a bullish rally. Be extra cautious of this scenario, because price does look relatively overbought. It's just the price action is telling us that buyers are still in play. I won't be entering this one because I'm already in 3 trades, and this one is rather risky. But if you want to roll the dice, wait an hour atleast.
Long
by CapitalHillFX