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Breakandretest

Sell Opportunity on EURUSDLooking into EurUsd, we could see that price is beginning to have some intent in direction. Price cracked the recent H1/H4 significant level and retested with some bearish rejection. Although it seems like price has found some type of support around an H4 swing low level, we are currently retracing back to the significant level of interest. Because my bias is still bearish on this pair, I'll be waiting for price to retrace fully back to the H1/H4 significant level before identifying bearish rejection and executing any sells. Potential targets would be targeting the daily support level. Now just patience to see if she comes back to the level.
Short
by CapitalHillFX
Possible Buy Opportunity on USDCADUsdCad is an interesting pair to analyze. On the long-term, price has had a bullish push away from the monthly support level, while creating some bullish market structure on the short-term timeframes. Looking at the 4H, we could notice that price broke and retraced back to a daily support level. This level seems to be acting as support for the time being, as price is finding difficulty to drop below. Scoping into the hourly timeframe, it looks like we've created a 1H resistance level of interest. If we are able to break this level and retrace back with bullish rejection, I'll be looking for longs.
Long
by CapitalHillFX
Buy Setup on CHFJPYLooking at ChfJpy, price has been in a steady uptrend on the daily timeframe. This gives us a good idea of the overall bias associated with this pair. Now scoping into the 4H, we could notice that price had a steep correction movement towards the downside. It seems like price quickly established support and is beginning to gain buying momentum once again. If price manages to crack the current resistance level that it's at, that'll show a sign of strength. I'll wait for a break and retest of this level, per usual.
Long
by CapitalHillFX
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2
Buy Opportunity on GBPNZDOn GbpNzd, I called earlier in the week that price was most likely going to come back to the support level to find enough buyers. As expected, price retraced back to the significant support level. Price has been creating bullish market structure for quite some time now, so I'll only be attentive to buys. Looking at the hourly timeframe, I will need price to present clear bullish rejection. I've outlined a M15 swing high level that seems significant if broken. Assuming that price manages to have a bullish candle closure past this swing high, I'll be placing a long position. But for now, I'll just be waiting for price to have it's bullish push.
Long
by CapitalHillFX
Possible Buy Setup for GBPNZDQuick analysis on GbpNzd, I would like to see price come back to the significant weekly support level before placing an entry. I do believe price will make an impulse movement towards the upside, I just don't think now is a good entry. Not only is price seeming to catch some resistance around 1.99100, I feel like price may need to drop before getting enough buying pressure to send price past the highs. I'll be waiting for price to come back to the level, with bullish rejection for a better entry. If it doesn't happen, oh well. But for now, just patience.
Long
by CapitalHillFX
Possible Buy Opportunity on EurNzdAnother Euro pair of interest seems to be EurNzd. To start off on the daily timeframe, price has recently rejected off of the long-term non-horizontal support level following with bullish market structure. This could be identifying some type of trend reversal towards the upside. Looking at the 4H timeframe, we could notice that price has just recently broken a significant level, while coming back to retest. Just waiting for some bullish rejection at this point. That brings me to the last and smallest timeframe, which is the M15. This timeframe is a HUGE help with identifying if price is rejecting from the level or not. I'll be waiting for price to make a bullish push past the recent swing high, before executing a buy order. I have my alert set right at the swing level to prompt me.
Long
by CapitalHillFX
Sell Opportunity on EURUSDLooking at EurUsd, we could be seeing a sell opportunity present itself. There seem to be two significant resistance levels that price could possibly retrace back to before continuing the impulse movement towards the downside. I'll be waiting to see how price reacts to each level before considering the validity of either. Adding to the bearish bias, on the daily timeframe we could notice that price is rejecting away from the long-term non-horizontal resistance level. This could be identifying that a potential downside movement could be in play. For now I will be more sell heavy, than buy heavy on this pair until any structural changes of the market occur.
Short
by CapitalHillFX
1
Sell Setup on NZDUSDLooking at NzdUsd, the decisive bearish push that price has recently exhibited has led me to believe that this is more than a retracement to the long term bullish momentum. We could be seeing a bearish trend reversal. Something that would confirm this bias is a break of this significant daily support level. If price manages to break this level, and come back to retest as resistance, I'll be looking for sell opportunities. Most likely something to look out for next week!
Short
by CapitalHillFX
Possible Trend Reversal for NZDUSDLooking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight. Focusing on the 4H, price is beginning to break market structure that signals bearish bias. I've outlined a level of significance that would trigger a bearish break of market structure. If price manages to break this level, it is showing the presence of sellers and I'll wait for a retest before executing sell orders. But for now, have my alert set under the level and just waiting.
Short
by CapitalHillFX
Potential Buy Setup for GBPNZDLooking at GbpNzd, we could be seeing a potential buy setup form. Price has been creating bullish structure since the beginning of year now. If price manages to break the resistance level that it is currently sitting at, this will show a sign of strength for the pair and will confirm our bullish bias going forward. I've created a non-horizontal support level for context, but I would like to see a very decisive bullish candle closure on the 4H to identify that the buyers are still present. My alarm is set above the level, so just patience for now.
Long
by CapitalHillFX