Breakandretest
CHFJPY - ShortWatching this one as a simple break and retest of the 4H support zone.
Will wait for price to retrace into that area and act as resistance.
Carefully monitor price action around that area before taking a short.
Candles must show sign of rejection - you can drop to the lower time frames to get a better entry.
Good RR possible.
Remember to use risk management and don't rush the trade.
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.
GER30 Short SetupGerman 30 has been consolidating for a few days now. Rectangle zone is 61 points.
I know some like to trade within this zone but I prefer the break out as shown.
I have set alerts for the break out
Lets se what price wants to do
USDCHF break and retestThe trade has a clean break and retest. price broke zone, and entry on the retest
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!
EURJPY Short AnalysisEURJPY looks nice on for shorts as we see a break and retest pattern after a week support got broken
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.
