DE30Index, possible sell coming.Germany30 has broken below a 4H support zone and has returned to this area. Monitor closely on a lower time frame to see if price decides to respect this zone or break above it. If price continues to reject this zone and we see a reversal pattern form, we can look for a bearish entry. However, if price breaks above this zone we can wait for a retest before looking for bullish trade setups.
Breakandretest
USDCAD BUY (Signal #4)This is on the 4H chart, and we can see a strong support.
Take a look at the chart:
1. Price fails to break support
2. Fails again
3. Breaks support
4. Retest
It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical analysis and unexpected moves will happen. Due to that reason, I will not be taking this trade personally. In the event that Trump gets elected, this trade will hit TP almost certainly. If you decide to take this trade, use very low risk.
Entry Price: 1.32590
Take profit: 1.33557 (100)
Stop loss: 1.32058 (50)
Price Trap (USD/JPY) IDEA......Wait for break AND retest on the 1 hour TF
enter 15 min TF
CONFIRMATIONS OF 2 BULLISH or 2 BEARISH candles DEPENDING ON BREAK OF ZONE (FLOOR OR CEILING)
25 Pips TP
25 Pips SL
1;1 RISK/REWARD
EXAMPLE
0.01 per every £100 in account
0.02 = £200
0.03 = £300
0.04 = £400
0.10 = £1000
GBPAUD STOP HUNT SHORTPrice broke through clean highs taking out stops on two different levels, this will fuel a larger move to the downside. the movement back within and retest to the zone that was made before the clean highs were broken is my confluence for my sell. on a lower time frame its easier to see the swing failure pattern right into the zone. PRICE IS GUNNA DROP
USDCAD SHORT Clear break and retest with a lot of rejection here at this minute 15 zone. There are lots of rejection at the golden fibonacci zone. Price is also retesting my 20ema. I will be going short here. TP 1 is -27.00 extension and TP2 is -61.8. My SL is set above the highest wick rejection here. Lets let this baby play out
AUDCAD, break and possible retest.Price is at a high probability support and resistance zone which also aligns nicely with a 6H trend line. Drop to a lower time frame for signs of rejection and a better entry once price continues to respect this zone. Happy trading!
Side note: I've been absent for a bit because of some personal things I was dealing with but I must say thank you to euphoriant_one for sending me a message today to let me know that I've been missed. I greatly appreciate your message and concern. Thank you and I'm back now :)
USDCAD SHORTClear break and retest here on the minute 15 chart for USDCAD. Price is also under the moving average signaling a downtrend, with there also being confluence with the Fibonacci. Im going short here with TP2 at the next support level. TP1 Is midlevel or my -27.00 extension. Lets be patient here
GBPJPY SELLGreat opportunity here during the London session. This trade is very simple. Break and retest of a major resistance zone on minute 15. Price is also in a downtrend. The entry is kind of late but not really. After I saw the wick rejection to the resistance I wanted to see the price drop a bit which it did. Price should flood down to the next major support I have marked up relatively easily.
XAUUSD LONGI'm going long here on XAUUSD. A clear break and retest with the confluence from my golden Fibonacci zone. This will be my last trade of the day as the market is soon going to slow down. I have two positions running. I will close position one at the -27.00 extension. And I will close the second position at -61.00 extension which is TP2. Once the price reaches the 0.00 zone, I will move my stops to breakeven, to essentially make this a risk free trade. Let's see what happens here. We are 2-0 for the day, lets go out with a win.