Buy-sell
USD/CAD Market Analysis for the week of 7/17/2022 - 7/22/2022Market Analysis based on 4H Timeframe.
Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).
If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )
All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.
THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
USDJPY Strong SELL ideaHi fellow traders.. Potential idea below:
USDJPY price is near strong supply zone.
Also psyche level.
Expecting price to grab liquidity here as there will be plenty of orders that need filling before a heavy sell off takes place.
Please, feel free to share your point of view, write it in the comments below, thanks >> Good Luck 😊
*Always follow your trading plan regarding entry, risk management, and trade management*
Polygon MATIC Entry Range, Take Profit and Stop LossAfter the sell signal
and the buy signal
here comes the continuation!
MATIC/USDT
Entry Range: $0.48 - 0.53
Take Profit 1: $0.62
Take Profit 2: $0.70
Take Profit 3: $0.93
Stop Loss: $0.41
gbpjpygj is in a pitchfork pattern on daily chart. caught in a zone 195.000 and 126.600 on weekly charts. price bounced off support 126.600 moving up but 169.000 holding as resistance causing a double top at .618 fib retracement level and top trendline of the pitchfork. we can expect a move to the downside targeting 159.000 since thats the .50 fib lvl and the top of the last higher high .