EUR/GBP, 4hr, 30/07/2020, range tradingIf you like my analysis, please support it with your comments and likes.
Candlestick analysis
USDCAD - Trend Following Trade Market move towards 1.3402, as long as it didn't break and close above the resistance(red line) I will be looking for shorting opportunity to continue the bearish trend as a trend trading setup.
EURNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on EURNZD. Here as you can see, the market broke below the previous lows of 1.7189 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7422. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.7594, and my target @ 1.7168. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
EURGBP Long ProbabilityEURGBP has found substantial support just above the 0.91000 even-handle number. Price is ranging above the level and then Daily structure shows that the Bullish outlook on the pair is probable as the structure remains Bullish. We can expect EURGBP to find enough liquidity to retest June's High this year at around 0.91754. We can look to go Long if the 4H breaks the ranging structure, pulls back and gives us a good bullish confirmation candles.
(Episode #382) USDCAD - Support and Resistance (26 Jul 2020)Bullish Bat Pattern check-back on the daily chart(link at the bottom), I'm waiting for a retest on the support for a trading opportunity.
(Episode #381) AUDUSD - Support and Resistance (26 Jul 2020)Waiting for a shorting opportunity after the candlestick pattern confirmation within the sell zone.
USDJPY-Weekly Market Analysis-Jul20,Wk5USDJPY is on a bearish trend, I will be waiting for the trade to head back into the sell zone(pink box). Alternative, I'm waiting to short at the level with the dotted lines.
EURUSD-Weekly Market Analysis-Jul20,Wk5As the market break and close above the previous high, It has shown a bullish trend. For trend trading, I will be waiting for a retracement back into the support level and wait for a buying opportunity.
Counter-trend trading, I will then be waiting at 1.1719 for a double top to engage for a shorting opportunity.
GBPAUD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPAUD. Here as you can see, the market broke above the previous highs of 1.8133 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8005. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.7874, and my target @ 1.8188. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
AUDCAD - Bearish Crab check-backA check-back on the bearish crab pattern with RSI Divergence on AUDCAD pose a great consideration for a shorting opportunity. On the Weekly chart, it is a major resistance area, but sadly target2 doesn't provide a 2:1 reward:risk, let's see how this trading setup pans out.
GBPUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPUSD. Here as you can see, the market broke above the previous highs of 1.2529 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.2526. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.2428, and my target @ 1.2662. So far, I really don't have any confidence in this trade due to price action going past my entry. That being said, we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
GBPNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD. Here as you can see, the market broke below the previous lows of 1.9122 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9187. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.9299, and my target @ 1.9035. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
USDCAD trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on USDCAD. Here as you can see, the market broke above the previous highs of 1.3686 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.3573. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.3476, and my target @ 1.3713. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
AUDCAD - BUY 0RDER POTENTIALLOOKING FOR BUY ORDER ON SUPPLY ZONE BELOW.
STILL IN A STRONG UP TREND HOWEVER LOOKING FOR SOME DOWNSIDE TO REGAIN MOMENTUM UP.
NZDJPY - Pennant SetupThis is pretty much the torture that traders feel when they are in the trade, I am of not spared by that emotion too.
This is when your trading rules became important. A break and close below the pennant allow me to lock in some profits from my bearish butterfly pattern setup(check the link at the bottom).
If the market break and close above the pennant, depends on how the candle close, I may exit the trade in advance.
How do you deal with this situation?
Comment down below.
GBPJPY - Bullish Gartley PatternOften not we will see that Gartley Pattern has a V-TOP or a V-BOTTOM setup, this causes conservative traders having a hard time to engage this harmonic patterns setup as a retest often never happens.
Right now we have the bullish Deep Gartley pattern setup for a buying opportunity, let's see how this trade rolls out as a counter-trend trade.
USDJPY-Weekly Market Analysis-Jul20,Wk4107.87 is the level on the daily chart that gives me a heads up if the market is on a bullish run or a bearish run. Even with that, it doesn't mean that I can't perform a counter-trend trade setup and here we are a bullish bat pattern, we have that on the 4-hourly chart as well, and if form deeper than this. The importance of this is to wait for the candle confirmation to engage the trade.
GBPUSD-Weekly Market Analysis-Jul20,Wk4An emerging bullish Gartley pattern looks more legit than the 1 form up on EURUSD for the buying opportunity, if you are interested the link is at the bottom.
I'm looking for a buying opportunity on this Deep Gartley Pattern setup as a counter-trend trade. The forming of the candle does play a part in this as well.
EURUSD-Weekly Market Analysis-Jul20,Wk4For those who have been following my analysis should be aware that I've shorted EURUSD on the daily chart for the bearish Crab Pattern as a counter-trend trade.
So why do I still post the bullish Gartley Pattern setup? Well, we can't ignore the fact of a potential setup that is against our analysis. If you have already shorted EURUSD, you might be happy to know that this Gartley Pattern had a warning sign. Point C touches Point A(circled in yellow), a setup like this in most case that not the market might slight past point D and sometimes beyond Point X, that being said you shouldn't over-exposed/ over-trade this pair.
What if the market didn't slide past point D? Glad that you have this thought, that means you are a thinking trader. If it didn't slide past point D and show a reversal set up at the minimum I will shift my stops to entry on the bearish crab pattern and decide if I'm going to engage a new trade on the Gartley pattern setup.
AUDCAD - Bearish Deep Crab Type2Range Bar chart is what I've been looking for some time, you have to know how to filter which setup could be traded.
Let's see how this trade setup is going.
USOIL (S) - PATIENTLY WAITINGFor those who have been following me for years, you know how much I like to trade oil and potential pips that it's able to provide when you catch a move.
At this point in time, USOIL still requires a little bit more patience.
The daily chart is in a zone between 40.25 - 41.00
On the intraday's price is still creating higher lows, but struggles to close above 41.00
I'm waiting for USOIL to break down from these levels and looking to get in on a 4 hr break and retest of the 50 ema., potentially rejecting 40.25 as resistance
Once that happens we could see price reach daily low levels around 36.00 or lower to even 34.00 area.
But first we need price to break down and begin lining up for an entry...
I'll post updates once/if anything happens.
Let me know if you share similar thoughts, or what you see USOIL potentially doing.
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** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!!
The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself.
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USDCAD (L) DIRECTIONAL IDEAUSDCAD has been something I've had an eye out for since June 10, 2020 when I called long trades from 1.3400 to the daily 50 ema.
Following the strong bullish move on June 11, 2020, price pretty much went sideways after that.
If we look at the HTF we can see the monthly candle for June closed as a nice rejection of major S/R of 1.3400
On the weekly multiple low test candles rejecting the 50 ema have been printed.
Daily chart we see an minor support level of 1.35078 which price bas been holding for over a month now.
We could see this level hold and price has the potential of pulling back up to previous support of 1.3880 region.
Important to note, we can see the level of 1.35078, meaning that many trades will have their stops just bellow this area. Something we could see is a spike just bellow the previously mentioned level, price be manipulated to take out stop losses and then a nice strong move to the upside. That or we continue moving up from here.
(Of course my long bias could always be totally wrong and price could continue falling - always trade what you see, not what you think!)
4 hr chart high lights the low, followed by a higher low and then the support at intraday 1.3500
My bias is to the long side, but at this point in time price does not present any entries that would fit the strategies I trade.
Keep and eye out for any updates. Also this USDCAD long bias would also fit the DXY post I posted earlier on today. Have a look at that to see the additional confluence for why I think USDCAD could continue going to the upside.
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** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!!
The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself.
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AUDUSD (S) DIRECTIONAL THOUGHTSAUDUSD maintains to find resistance at 0.7000
On the daily chart (screenshot posted bellow) we can see price created double tops at the level of
Since July 6, 2020 price was sitting just below 0.70 but never actually rejecting it until 2 days ago, followed by a bearish engulfing candle yesterday. Additionally we're rejecting .785 fib level, trading back bellow it.
4 hr chart is still showing price creating higher highs and higher lows. Patiently waiting for this pair to further break down and present and entry,
Price action on the one hour chart shows we created a head and shoulders formation as indicated with the circles. Again yesterday we had a spike into 0.700 and again a rejection.
Updates will follow if price manages to present an entry for the strategies I trade. Once price breaks down, we could see it return to the weekly 50 ema as a profit target.
Short AUDUSD bias would fit the DXY bias I posted a few hours ago, have a look at that as well.
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** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!!
The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself.
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