Get started

Breakandretest

GBP / CAD 1.69925 -0.41 % LONG IDEA * PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD. - completion of the INVERSE H&S ON higher time frames played out well here's where we were last trading week - reversal at 61.8% fib level - LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest of either the 50% fib or 61.8 fib * looking for trend continuation on this pair. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
1
USD / JPY 113.380 - 1.72 % SHORT IDEA * PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE USD/JPY . - Price failed to rally with the bulls seeing a push down closed last week with a retest of support. - should this strucuture hould and we see continuation of this move looking for trend continuation on this pair. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
EURJPY, approaching trend line.Price has been in a long term down trend on the 4H time frame for a few weeks now. We've been getting lower highs and lower lows. EJ has now gotten to a narrow point where eventually there will be a breakout into a buy based on the pattern currently forming. There is the possibility of price continuing to make its way lower to the 4H trend line before buying. I'm going to set alerts and wait to see what price decides to do before making any trade entries. Until I get a bullish confirmation I'll continue to look for bearish entries that fit my strategy.
by iamarielle_868
AUDUSD Trade IdeaIn my Opinion Looking at AUDUSD on a Daily time frame, we’d notice that price closed Bullish.. and there’s every possibility price might Buy again till it hits the resistance then drop again to sell ( depending on how price plays out ). Since price closed Bullish on the Daily time frame , I expect price to reach the Resistance zone of 74.720, then I’d see how price reacts from that zone.. if it breaks that zone and find its way up to the Resistance zone of 0.75500 ( which is also the daily high), then I’d see how price reacts and know if I’m to take a Sell or a buy from that area. Going back to the current price position, it’s currently at the support zone area of 0.73844 . So, since price closed Bullish, I’d it retest the support zone from a 15min Candle pattern upward, I’d be looking for a buy from that area to the next resistance zone.. then I’ll wait and see what happens before I re enter the trade again. Kindly let me know what you feel about this idea.. Thank you!
by SalesPublicist
5