EURGBP Uptrend ContinuationPrice action analysis identified potential EURGBP uptrend continuation and long opportunity. Bearish engulfing candle trigger, confluence with; horizontal resistance, 62% fib and 89 WMA.
Cleanchart
US2000 Downtrend ContinuationPrice action analysis identified US2000 downtrend continuation and short opportunity. Reversal pin bar trigger, confluence with; weekly downtrend, rejection of falling channel resistance, rejection of 50 WMA, rejection of previous horizontal support/resistance and rejection of 38% fib. Trade subject to price rising into sell limit pending order.
ASC Asos Short Opportunity Price action analysis identified LSE:ASC (ASOS) downtrend continuation and short opportunity. Reversal pin bar candle trigger, confluence with; rejection of falling trend line, rejection of 50% fib retracement, rejection of 50 WMA and rejection of previous support becomes resistance.
GBPUSD Downtrend ContinuationPrice action analysis identified GBPUSD downtrend continuation and short opportunity. Bearish engulfing candle trigger, confluence with falling trend line and 50% fib retracement. 2.4 RRR
GBP/AUD: Potential +240 pips - Long waiting for a retestDear Traders all around the world!
If you like my work feel free to leave a like and follow not to miss any of my trades!
GBP/AUD is currently approaching EQ and has formed a bullish 12H OB on it's way up.
Therefore I'm anticipating a Long position at a bullish OB + 200-MA retest while aiming for our bearish OB.
ETH/USD: Expected breakout - 250% ROI potentialIn addition to our previous ETH/USD analysis that we just published this chart focuses on the daily.
Don‘t forget to leave a like and follow as it keeps me going:)
Forming a clear high with higher-lows is usually a strong buy signal especially if the asset is consolidating between the 200-MA and 200-EMA. Managed to hold POC with three daily candles so a breakout is expected soon.
Will take partial profit at $268-307-334 while aiming for even higher prices.
Invalidation below $182 while breaking our bullish OB.
Leverage: 5x
R/R: 2.9 - 6.1
Bitcoin Price Action July 21 LONGCleaned it up a little, new 4h OB was perfectly hit with last 4h high, well see how it reactes next time and decide then.
GBPUSD long 170pipsI am looking to go long on GBPUSD for 170 pips.
The previous week closed as a bullish hammer rejecting off my weekly resistance showing a probable reversal. On daily price is as plenty bullish momentum as it approaches a resistance and descending trendline. Before entry I will be waiting for price to breakthrough and retest this zone. On 4H I can see price has consolidated in the zone before and that price may be forming a cup and handle formation in which I will be using to find entry if the pattern is complete.
My trade will look similar to this:
BUY GBPUSD @ 1.2580
SL @ 1.2530 (50)
TP @ 1.2750 (170)
R:R = 3.4 : 1
Take profit being my next weekly resistance which lines up nicely with weekly 20EMA (previously used as dynamic resistance).
EURNOK 1:4 / 1:5 Risk Reward LONGEntry : Bottom of the trendline
TP : Top of the channel, could potentially hold and see if it breaks,in which case take your profits on a 1D wick backwards/a clear sign of reversal (RSI,BB, previous resistances)
SL : 0.20%
EURJPY SHORT 1:4 / 1:5 RR (Small drawback)Entry : Top of the trendline
SL : 0.20%
TP : Bottom of the trend/channel
Could potentially try not leaving any pips on the table and see if the previous low breaks, incase that happens, let the trade ride until a wick or a clear reversal on 1D shows up.
AUDUSD Long(ish) term SHORT with a small drawbackEntry : Top of the trendline
SL : 0.25 - 0.40%, preferably above the previous high
TP1 : For people that are looking to lock in profits, locking them in at a 1:2 Risk Reward ratio (0.80%) is great if you're not keen on waiting + dont want to risk get stopped out at break even.
TP2 : Bottom of the downtrend channel which is atleast 2%, dependant on how long it will take to get there the approximate profit is around 2.50% or more.
If you get in at the top of the trendline (considering the price even goes there), make sure to set a stop loss at break-even or 0.05% from your entry IF the market moves the direction we're hoping for
Clean charts
GbpAud GartleyA small Gartley pattern on the 1hr GbpAud, clean simple hopefully a winner too as it is something I am involved in
XAUUSD sell - just followed the trading planNot easy, but simple when you know what are you looking for.
Less items, more logic.
Potential GBP/USD Short 1HR Entry Head & Shoulders FormationI have been doing some analysis on the GBP/USD Pair ever since the USD Strength over the past week or so. We can see this should continue with a clear head and shoulders formation on the 1HR timeframe as price is getting sqeezed. There is alot of confluences with this trade. We can see the short term trendline being respected. A beautiful 38.2% Fib Touch which was also respected this indicates that price movement could be really fast. We must wait for price to confirm the market bias to the downside with a break of the head & shoulders neckline and close below. The first target profit will be 1.28665 and the second will be 1.28243. Tight stoploss of 10-15 pips.
GBPNZD, descending channel breach.consolidation structure has been broken and i'm expecting a push up to fill the wick...
