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Breakandretest

Naked Analysis - Chart Patterns & Price Action ---> THIS IS A NAKED CHART ANALYSIS <--- ONLY CHART PATTERNS AND PRICE ACTION ANALYSIS - NO INDICATORS Here as you can see after the breakout of the rounded bottom - continuation pattern, the market went to retest the resistance zone, which now is support. At the support area, bullish momentum pushes the market up in smaller timeframes and the market is now going to continue the upward trend. * If you don't know about the Rounded Bottom pattern, you can go to my profile and find the post about this pattern, to completely understand this analysis. HAVE WEEK & HAPPY PROFITS ! ! !
Long
by MONEYMAKER00
EURUSD intra-day short setup!EURUSD is trending to the downside today prior to Germany's trade balances data being released. The data is a balance between exports and imports of total goods and services. Technically the pair is trading below the 1h 50 moving average and holding below the 1.2130 pivot, and we anticipate continued downside into 1.2039. Execution on this trade monitored thanks to TradeProofer's free trading software. Sign up today to monitor your brokers performance!
Short
by ToniSignals
USDCAD SELLWe will not be providing signals anymore, there will only be analysis. You can decide on the exact entry price, TP and SL yourself. Make sure you learn from the analysis and don't just copy the numbers. Let's break this trade down; 1. Price is on a downtrend; confirmed on the higher timeframes 2. Price hit support 3. Hit again 4. Hit again 5. Support level is reached many times, and therefore it is weakened causing it to break 6. We enter on the retest after a bearish candle confirmation on the Asian/Tokyo session
Short
by ForexParadigm
Naked analysis: Break and Re-test for the continuationHere as you can see the market break the resistance/demand and came with a pullback to retest the zone(now is support). If you go to smaller timeframes you can see the corrective move that the market went for the re-test. This month AUD showed a lot of strength and will continue the bullish move, until further notice. This opportunity offer us to buy from the dips that means: 1) Small/Tight Stop Loss ---> Better Risk to Reward. 2) Less risk as the move to the re-test was correctively and not strong for reversal. Soo don't let this beautiful opportunity untraded ! ! ! * If the market struggles to reach any take profit target, you can close your trade BUT always based on what the market is telling you (Price action).
Long
by MONEYMAKER00
AU looking good to hit the TARGET!Today was one of these days where I woke up late. However, didn't beat myself up for missing a few setups and waited patiently. After scanning through some USD pairs and fundamental information, I could see that at the moment I was looking at AU for a potential entry, USD was weak AF. Then looking at the 4H structure I could see that the bias was definitely bullish. 1H: saw a perfect brake and retest, after seeing that 1H candle closing on the B/R area, I went down to the 5min to see how price is reacting to some levels and wicks (RED LINES REPRESENT 5 min levels - I can't really show 5min tf through the analysis feature). Saw that price was holding a level that was formed by a 1H candle wick, set my buy stop confidently and went for it ... whatever happens, it is what it is! Will keep you guys updated.
Long
by ImElison
2
Sell from top the retest of the breakout---> This is your chance to welcome December <--- The market here offers us a great opportunity of a full pullback to re-test the critical area, so don't miss the chance of selling from the TOP ! ! After the breakout of the descending channel we had a corrective pullback and now we are heading for the continuation. RISK MANAGEMENT: --> At 1:1 Take 50% Parochial Profits and move to Break Even --> At 1:2 Take 25% Parochial Profits and move Stop Loss to 1:1 --> At 1:3 take the rest 25% Parochial OR extend your Take Profit target. HAVE FUN AND HAPPY PROFITS ! ! !
Short
by MONEYMAKER00
2
XAUUSD SHORTClear break and retest of a previous significant level. There has also been confluence with the Fibonacci golden zone. Price should reach TP 1 which is the -27.00 extension quite easily because it formally wicked there before. That means that price has now wick to fill . Once the 0.00 extension is hit, I will set trades . both position to breakeven to protect against a losing trade from any sudden major movements. After TP1 is hit, I will let the last position run to the -61.8 extension for TP2.
OANDA:XAUUSDShort
by jacolbywilliams11
EURAUD Potential Break & Retest OpportunityA brief overview of EURAUD. We recently broke a major key level in the market, potentially indicating a newly formed trend to the upside. New HH and HL have been put in before the break, and with 3 hours worth of information indicating a bullish sentiment, a retest of the previous structure and evidence of wick rejections could really help validate this potential trading opportunity. Remember this is just of my own opinion, this is not financial advice, this is for educational purposes ONLY!
Long
by RockzFX
9
GBPNZD: A drop is coming after the re-restINTRADAY/SWING TRADE: --> Here we have a beautiful Descending Channel, which broke the demand area and re-tested it. --> It's a high probability set-up with very good Risk To Reward ( 1:5 ). --> Don't miss the chance that market offers you with the re-test. --> Go to bigger timeframes (12H OR Daily) to see the exact pattern formation for a better understanding. --> At smaller timeframe you will see the aggressive break and the corrective re-test.
Short
by MONEYMAKER00
EUR/USD Short ideaLooking to get into a Short position intra day under following conditions only. 1: Break of the current 4hr trendline 2: Break of the recent low 3: Break of the 50 EMA 4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe 5: Bearish confirmation of candle such as bearish engulfing, pin bar etc. These as confluence under my trading plan would create a valid trade. SL is place above the recent swing high to give the trade to breath and look for liquidity if required before the move. Risk management is key. Good luck to all
Short
by LewisBWalsh