Breakandretest
GBPNZD-1H-Short PositionHi folks;
GBPNZD pair is making a reversal pattern and we are watching for breakdown and retest because it can approves the right shoulder and then we can get short for this pair till T.P1 , T.P2.
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EURAUD-1H-Long Potentail Hi guys;
On EURAUD pair,we have a nice reversal pattern.for now we can enter to long position till first T.P but it can moves till T.P2.
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EUR/JPY - Bulls pushing once againPrice has bounced off our key level and continues to push to the upside after a small retracement. Will EURO continue to gain on the JPY in a very fundamental week?
Watch out this week. Follow an economic calendar and news websites for up to date fundamentals!
Have a great trading week! Like always, any forex related questions please don't hesitate to drop me a DM!
GBPUSD Short Analysis Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURCHF Long Analysis Hey traders, here is the analysis for the EURCHF. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURCAD-Upadte-Hi folks;
After the price hit our T.P, it has changed it's direction as a retest to the strong support so,it is ready to reject buy the demand zone and it move up till T.P1 & T.P2.
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UTK// Break & Re-testSimply a break and retest from the Daily TF, nothing complicated. This is a strategy that has worked quite well for me during this bull run. However, timing is the most important aspect.
Looking at the chart currently, we missed the retest, but when looking on the 4H TF there is a Falling Wedge Pattern on its 4th test and about to break. Which is still a comfortable opportunity to go long.
Reasons not to enter...yet:
1. Such a strong bullish impulse requires atleast a small 38% retest.
2. We are almost there, but we havent closed above the last Lower High from the more recent downtrend.
3. BTC is under some bearish pressure and may affect the price action of UTK if there isn't enough volume and momentum to keep UTK's price along this bullish path.
4. The consolidation period was quite long, may suggest a slow run-up and the opportunity cost of finding another token with more momentum would be greater than the possible profits from UTK.
Let me hear your thoughts in the comments.
DXY Break Above Key Level!The DXY, or the dollar index, is inversely correlated with the markets (in this case). Overnight we saw a break of a critical Fib resistance level, so unless the Fed steps in and implements Yield Curve Control or a similar market positive policy, expect the dollar to move up to the next resistance level.
MARA BROKE CRITICAL LEVELMARA broke and retested the resistance level for an intra-month rising wedge which is a bearish signal. Unless we see Bitcoin bounce at these levels (which is unlikely) MARA can easily head down to $35, a previously strong level. At that point we can expect to see a bounce with buyers taking control again. Long term I can see both MARA and RIOT breaking $100 this year but short term things are a little more choppy.
AUDCHF - Looking For ShortsAcross the board we are waiting for AUD weakness and this may be at the right spot to look for shorting opportunities. Will look to sell once we get a confirmation - break of trendline and retest.
See links below for more set ups.
Trade Safe
EURCAD-1H-LongHi folks;
After breakout and retest,it is time to get long for this pair till T.P1.
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$IOTA/BTC 4h (Binance Spot) Falling wedge breakoutMiota is trending inside an ascending channel and has broken out of that falling wedge.
Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone!
Current Price= 0.00002450
Buy Entry= 0.00002385 - 0.00002323
Take Profit= 0.00002659 | 0.00002898 | 0.00003316
Stop Loss= 0.00002150
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72
Expected Profit= +12.96% | +23.11% | +40.87%
Possible Loss= -8.67%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
BULLISH GBP/CAD- Divergense at 1h, 30m, 15m.
- Rejection from a resistanse zone.
- Wait for break and retest of rejection zone.
NEAR// Near New ATHs!Nothing complicated...break & retest...following volume along with riding the BTC momentum.
Got a good rejection from the broken resistance now support. Would be best to wait on a second bullish candle and then look for entries. As of right now, everything is bullish.
Rolls Royce Trade Review - 20% profit in just 3 weeks!Hi traders,
This is the first in a series of trade reviews that I will be doing for TradingView viewers where each week I will review one or two of my trades. We will outline why we entered them and also how they went.
This is meant only for educational purposes for you to learn some of the skills that I implement when trading.
In this trade I used a very simple break and retest of a key level as the investment strategy.
If you have any questions then please let me know in the comments.
GBP/JPY TO THE MOON! (Trade Analysis) Hello everyone, today I am going to share a trade setup that I saw this morning. Feel free to let me know what you all think. Thanks!
Bitcoin New High!Bitcoin has pushed through a very strong supply and demand area (40-46k) and has tested this zone before starting a bull run again. Expect to break previous high and reach 63k!
Chilliz// Break & Re-testLooking on the 4H, price has broken and closed above an area of resistance. When this happens it is expected that price must then retest the broken structure to continue up...or fall back into the zone which would then be a false breakout.
If the next few candles can close above this level showing some price rejection, this may be an indication of a possible leg up. Creating new ATHs.
$WAVES/USDT 90m (Binance Futures) Symmetrical triangle breakoutWaves broke bullish and is retesting it right now, looks like a good opportunity!
Current Price= 9.3361
Buy Entry= 9.3764 - 9.0944
Take Profit= 10.4570 | 12.4055 | 14.0974
Stop Loss= 8.2860
Risk/Reward= 1:1.3 | 1:3.36 | 1:5.15
Expected Profit= +26.58% | +68.80% | +105.46%
Possible Loss= -20.46%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
