Apple -> Break And RetestMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Apple.
Looking at Apple stock you can see that Apple just perfectly broke above the previous all time high which was at the $175 level and is now retesting this previous structure so I simply do expect another push higher from here and the creation of a new all time high soon.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Breakandretets
AUDUSD LONGThe Aussie Dollar was ranging for a couple of days after a strong bullish rally and had broken above the consolidation zone yesterday around the end of the NEW YORK SESSION. Price has since then made higher highs and higher lows and is now retesting a new support. We know this is a bullish market so we of course are only looking for buys. This setup has confluence with the golden Fibonacci zone as well. If price happens to hold this level with rejection and an entry candle on the m15 such as a doji or engulfing , then I will place 2 positions to go long. My stop loss will be right below the zone at the -78.6 extension. TP 1 is the -27.8 extension and TP2 is -61.8 extension. I'm gonna set the trade to BE once TP 1 is hit and let the other position run to TP 2 if possible. Lets see if we get that entry confirmation.
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
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)