NZDUSD SHORT IDEAPossible continuation of Bearish Movement upon retest of the previous higher low. R:R is 1:5 and 1:11...
Best of Luck
Breakandretest
Long on EU (Daily)Here I have a potential long for EU, depending on the closure of the daily candle. I would like to see movement to the upside and break through the structure of 1.18632 to reach the wick in the region of 1.19170. I would naturally expect price to retrace back to the structure and ideally use it as a support to then continue to the upside and reach the initial target of 1.20. I know this is a very ambitious trade but I still believe that the EURO is strong, and will overpower against the DOLLAR.
Obviously this is my own personal trade and I highly recommend that you carry out your own analysis before entering a trade.
We also have so high influence news from both Europe and USA, which will make the markets extremely volatile, so we will need to keep this in mind during the trade.
Use the correct risk management and happy trading.
EURJPY, break and possible retest.EJ has broken out of a range. Price is currently in a pullback. Wait and see if price retests the support and resistance zone before looking for a bearish entry.
CAD/JPY - Break & RetestPrice has broken support. We are waiting for price to retest the broken structure for sell entries.
USD/CAD - Break & RetestPrice has formed a break and retest. We are looking for buy entries if support holds area.
EURSGD Breakout From RangeEURSGD Breakout From Range. Retest to level occurred on H1 and H4 Chart. Let's see if retest will occur on Daily Chart.
GBPCADAbsolutely stunning price action. Break and retest of the trend line. First target is 161.8% level of fib extension. But for future there is huge potential for even bigger drop, as fundamental situation of GBP will continue.
EURGBPEURGBP is consolidating before a next move. I will will what price action will tell us - break and retest of one of the zones
GBPJPY, break and possible retest.This pair is currently in a downtrend. Once price continues to break and retest the only thing I would be looking for on GJ is sells. The only way I would start thinking about bullish trades is if price breaks above a previous swing low, retests it as resistance and respects the zone without breaking below it. GBP pairs will move very similar but they don't all do the exact same thing at the same time. Therefore, the better option (in my opinion) would be to focus on the very best (highest probability) setups that you understand and that fall in line with your trading strategy. Happy trading!
GBPUSD, possible break and retest.Price is currently at a support and resistance zone. Once price continues to respect this zone without breaking through it, I would wait for a bigger push followed by a pullback creating a higher low before deciding to enter a buy. Drop to a lower time frame to see these moves clearer.
GOLD, monitor for a breakout!Price is currently forming a flag pattern. The breakout could possibly happen within the next two weeks. Set alerts and drop to a lower time frame for a better entry when the time comes.
Onward and Upward for EUR/USDWith the Fed continuing to keep interest rates low I believe the Euro will continue to gain value. We've been decelerating on the daily chart for 6 weeks now after a nice run up but haven't seen much bearish momentum to get much of a pullback. This looks like more of a short breather before the next leg up.
I have a zone on the monthly chart between 1.175 and 1.22 and the rejection of this level again made me look at the intraday for a potential reversal entry.
Technical trade of a breakout of structure on the 1hr chart with a retest of the 1 hour 50EMA and 382 fib.
Stop is placed behind the 618 retracement. I currently have no limit set on this but a soft target at 1.20 and a secondary target at 1.22
EURUSD SELL IDEA *GOOD RR*4H candle rejection of previous support, now playing out as a good resistance level.
Stops placed above 4h rejection pinbar.
Practice good risk management and happy trading!!!
Agilent Technologies Pullback to 93This is a very bullish pair but pullbacks are always do at some point. This is a quick in and out play down to the 93 level as this was the previous swing high.
This is a technical trade based off a break and retest of structure, concurrently having the 1 hour and 4 hour 50EMA lining up at the same area, as well as the 382 fib retracement.
Stop loss is placed right above the 618 retracement and target is the 272 extension which coincides with the 93 level where the last structure was broken.
NZDCHF, breakout and retest.Previous resistance has now become a support zone. Look for reversal patterns at this zone and take buys as long as price continues to respect its new found support zone.
CAD/CHF - Waiting for retestPrice has been in a clear steady uptrend with higher highs & higher lows. We are waiting for price to retest the indicated broken level for buy entries.
GBPNZD, break and possible retest.Price has broken above a 12H resistance zone, retested it as support once and has returned to this zone for a second time. Drop to a lower time frame and monitor for a reversal pattern. However, if price decides to break through this support zone, drop to a lower time frame and wait for a retest before entering a sell.
GBPJPY Analysis So using the 4 hour timeframe, a once strong resistance zone has been broken and also retested. We should expect a long term but on this pair. Also be careful to get a good entry. I would advice to wait for the MACD to cross before entry
