Breakandretest
GBPUSD Currently Coming Down To Previous Support LevelPrice broke support. Looking for it to come back down and retest before continuing back up to next resistance level
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GBPJPY Finally Ready to Come Down !Price is already starting to break and retest major ascending trend line looking for a nice break and retest of the major support level before going short
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$BTC/USDT 8h (Binance Futures) Ascending triangle break & retestBitcoin has broken bullish and is pulling back, let's enter on next dip, aiming for new ATH.
Current Price= 60299.13
Buy Entry = 59420.50 - 58192.50
Take Profit= 63511.55 | 67895.95 | 72260.22
Stop Loss= 55198.57
Risk/Reward= 1:1.3 | 1:2.52 | 1:3.73
Expected Profit= +24.00% | +46.35% | +68.64%
Possible Loss= -18.42%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 3x
Estimated Gain-time= 1 month
$RVN/BTC 8h (Binance Spot) Falling wedge breakout and retestRavencoin broke bullish and looks ready for continuation upwards after that pull-back.
Current Price= 0.00000335
Buy Entry= 0.00000334 - 0.00000310
Take Profit= 0.00000394 | 0.00000447 | 0.00000259
Stop Loss= 0.00000274
Risk/Reward= 1:1.5 | 1:3.06 | 1:5.73
Expected Profit= +22.36% | +45.65% | +85.40%
Possible Loss= -14.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
EURUSD could start its descent from hereFor the last week, I've been anticipating a drop in EU, and now, it finally looks like the bulls are starting to lose strength. The resistance zone has been retested multiple times since yesterday and failed to break above. I am expecting one more push down completing the H&S before the next wave up.
As of now, the price hasn't even started to break any important levels and that is why this idea is for preparation in case it does. Another spike up in the equity markets could push DXY down triggering EU to break above the resistance zone.
Support for this idea:
Minor order block looks like it might break any moment. (Bigger order block structure has to break below 1.195)
Break of minor trendline support
LTF trendline support is not far below
Looking for the H&S structure to complete before the next wave up
Start to look for price action to push EU down and look for safer entries or scaling in, with a break below the bigger order block and LTF bullish structure around 1.95 & retest around 1.96.
Just a note, I already entered this trade with a high-risk entry at 1.199. If it breaks below 1.95, I will be looking for scaling in entries.
Invalidation for this idea would be a break above 1.2.
Let me know your thoughts.
Trade Safe!
HEET
NZDCAD possible shortsMarket structure was broken to the downside, Nzd/Cad is now creating lower lows and lower highs. Price is retracing to one of our key Fibonacci levels, which is also the previous broken low of structure. After the bears show strength in the lower time frames (1H, 4H), we can look for sells to create a possible new lower low. If the bulls show strength in the lower time frames no trade will be executed.
CADCHF-4H-ShortHi guys;
On CADCHF ,we can see the price breaks the uptrend channel after that it is gonna the retest to resistance zone.So we need on the resis zone we find some reversal signal for getting to short position till T.P1 , T.P2.
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EURUSD Buy setup from Harmonic SessionSeen a great area to trap price on the Harmonic Scanner and put it to work.
Seen history of a little buying power in this area to add to the sell setup called on the Scanner.
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XEMUSDT-4H-Longhello traders;
(For Crypto Traders)
on this pair ;we found a reversal pattern ,at the moment; it is completing it's retest to the neckline after that we can get long till our supply zone or T.P.
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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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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!