GBPJPY RangeGJ is currently ranging. I will be waiting for a break and retest either to the upside or down.
Breakandretest
EURUSD SellOnly trading the break and retest strategy. The break has already happened now I am waiting for a retest with multiple wick rejections to confirm a sell. If the sell opportunity is there I will be looking to sell to the weekly level @1.18430.
USDJPY ANALYSISDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on USD/JPY.
Price has been recently creating a strong push phase to the upside while not creating almost any lows. My approach to this situation is to wait till price comes back to the support line and then will enter long on the 4h chart.
📈📉Trends:
⏳ Weekly- BULLISH
⌛️ Daily- BULLISH
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
GOLD ANALYSIS Don't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on Gold.
I would like to share opportunity I found on the 4h timeframe.
This is a simple break and re-test trend following strategy. Please wait for re-test before entering this trade.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
BEARISH EUR/USDHad a 61.8 pull back, at a trend line hit.
hit at the outside of the trendline on its way down.
Finished a reversal zone
Dollar Index// Update 💸💸 Reasons not to enter:
- We haven't had a close daily close within the channel.
- Price is above 20EMA showing bullish momentum to top of BB.
- There's still a lot of bullish momentum.
There is a possibility to break out and continue higher to form another harmonic pattern at the last high, from which we could have a pull back to retest the broken TL and continue back up....OR a pullback all the way into the channel retesting the broken smaller wedge then continue within the bigger channel downwards.
Let me hear your thoughts. Check comments for more on this.
EURJPY-4H-Correction for 4th waveHi guys;
Currently this pair is completing the 4th wave as a correction till demand zone( the second grey zone or lower trendline ) after that we expect that it starts a new impulse as a 5th wave.
Please put your comment and like .
If you would like my vision , analysis please follow me thanks guys.
Break and Retest On The Weekly Chart For Gold? As the week comes to an end I can see that gold has reached a potential break and retest area on the weekly chart. The price of gold could start going up back perhaps even to the previous highs marked by the first gold area of the Fibonacci. For now, we must wait for the forex gods to decided where price action will continue next week. Do you agree? Disagree? I look forward to knowing what other gold traders are thinking.
GBPJPY BUYAfter price made a n extreme high during the asian session 2 days ago, price action has been bullish and has broken above that new high. On the 15 minute chart here we can see that Price is now retesting that major high with confluence with the golden fibonacci zone( the 50% and 61.8%). I will be waiting for price to come into the zone and give me some entry confirmations such as a doji or bullish engulfing. If that happens, I will set stops below the zone at the -78.6 extension. I'll be running 2 positions. One for TP1( - 27.00 extension) and the other for TP2( -61.8 extesion,). Stops will be set to BE after price reaches TP1. Lets see if the setup fully occurs or if price just blows past the new found support.
RISK MANAGMENT
Potential Gold Buys -Weekly and Daily Timeframes are still bearish
-4H timeframe recently flipped bullish
-Price came down and retested the previous resistance area creating a new higher low
-Retest at confluence zone at Fib 50-61.80%
-Potential buys on gold after we break the previous high (Above 1816.500)
-Best entry would be after breakout and retest at 1814-1816 area
-Possible TP would be 1840 (green line) which is also a monthly trend line
A WALKTHROUGH SCALPING GOLD ON THE 1 MINUTE CHART This morning I was able to find a setup for gold on the lower time frames. Feel free to leave some feedback.
EURJPY- BREAK AND RETEST POSSIBLE LONG OPPORTUNITYDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on EUR/JPY.
As we can see on the weekly chart below, price is in nice and healthy uptrend, creating HH's and HL's while also staying above 50 MA.
On the daily, we can see a nice break of structure. After that, a retracement from resistance occurred. This is a great trade for break and re-test traders like myself. Please, wait till price closes above resistance and wait for confirmation of re-test level!
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
CADCHF// UpdateIn my previous analysis, I suggested that the selling opportunity at the trendline and area of resistance may have been to good to be true and we'd have a possible break out.
Currently, the market has broken out of the trend and is about to retest the area, which is also the midline of the overextended W that formed. I will be looking for longs on this retest with a target at the next area of resistance a little above my -0.618 zone. An example of what Im looking for is drawn in the bottom right.
Previous analysis linked below.
EURUSD Bullish ForecastThis pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside.
While looking at DXY, we have the exact opposite, where we have a Bearish Structure currently consolidating for further downside.
Some confluences to support this idea:
Inverted Head & Shoulders pattern formed
Counter-trend of Daily Bearish Structure with Break & Retest
Daily Bullish Wick that should normally be filled
Previous COT data shows an increase in longs. New data will need to be reviewed when released.
Potential formation of weekly ICI pattern
Potential formation of new Daily Bullish Structure
The first step in order to validate this idea, will require a clean break above the resistance zone around 1.22.
Let me know your thoughts.
Trade Safe!
HEET
ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Break and Retest for EURNZD 15 min walkthrough I noticed this setup at the market open. I thought I would share some of my thought processes when entering a trade.
Break and Retest To The Downtrend Price has continued to push down on the higher time frames. Now price has broken below a daily and weekly key level a it is showing signs of retest of that key level. Most likely if it retest at that level it will continue going down.
AUDUSD// Break and RetestAUDUSD has been on an uptrend for quite some time and now it has finally broken a previous area of resistance which will now become support.
I expect price to retest this area, and after I will then be looking for a long opportunity with a target at the Monthly resistance. Previous Analysis linked below.
Can GBP Bears take out the neckline?This setup is only relevant if we can get that daily close below this neckline.
As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of these levels is a coincidence.
As above, no daily neckline break, then the setup is not in play.
GBPUSD break and retest strategyPrice follows uptrend channel on 4H TF and its on another small channel on 5m TF which I follow right now. Potencionally break and retest setup. Wait for breaking the channel then retest and long engulfing.
DSH/USDT-1H-LongHi guys;
a Long potential for this pair.Ascending Triangle Pattern is approved.
Please put your comment and like .
If you would like my vision , analysis please follow me thanks guys.
NZDJPY ANALYSIS- +280 pips in the gameHello traders!
Here are my thoughts on NZD/JPY.
As you can see on the weekly chart, price has been strongly bullish since the 2nd of November 2020. Since that price has been creating highs with almost zero drawdowns.
On the daily, we can clearly see that price broke above resistance zone, re-tested that level and is about to go up again.
Here on the 4h I want to show you a huge rejection of sellers confirming this trade for me.
🎯Confluence:
1) Strong uptrend
2) Price is above 50MA
3) Break and retest
4) Macd confirmation
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
AUDCHF ANALYSIS- Wait for a retestHello traders!
Here are my thoughts on AUD/CHF.
As we can see on the monthly TF price has been pushing to the upside since April 2020.
On the weekly there is a clear break of the weekly level around 0.69200 area.
On the daily we can see it more precisely. I will monitor the price and enter the trade after the re-test of the weekly structure on the 4-h timeframe.
📈📉Trends:
⏳ Weekly- bullish
⌛️ Daily- bullish
🎯Confluence:
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
