GU Bullish continuation set up. After yesterday's post, today played right into our hands as the gap at the 1.32700 level finally closed! With the way DXY is tanking recently, expect to see some further bullish pressure tomorrow. These are the set ups I will be looking at taking based on how price reacts in those areas. Look out for signs of reversal.
Potential 1:10 Ratio trades.
Continuation
USDCAD 1.30135 - 0.32 % SHORT * CONTINUATION PATTNSHEY EVERYONE
Here's a look at the DOLLAR / CAD that is currently trading in a bear flag on the 4H chart will be looking forwad to the continuation of this move as it is still premature to trade against that sharp fall, will be looking for a break below of the flag strucutre or a push up then continuation with the bears. a lot will go into executing the trade so follow your rules.
for entries we scale down to smaller time-frames to determine entries and so forth.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDJPY 105.56 + 0.29% LONG IDEA * CONTINUATION PATTENSHEY EVERYONE
Here's a reaction to the USDJPY which saw an impulse move with the bulls traded in a symmetrical triangle and broke above structure possibly signalling continuation to the upside, now I was bullish on the pair but saw it pushing down after the bull moves this is an update of the attached trade.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDJPY 103.48 + 0.13 % SHORT IDEA * CONTINUATION PTTNSHELLO EVERYONE
Here's a look at the DOLLAR / YEN that has been trading in a descending channel structure with some spikes here and there, the pair just broke a significant support level structure looking for a pull back as the pair is over sold on most indicators the 38.2 % Fibonacci is aligning perfectly with structure which is our previous support now resistance now the 50 % Fibonacci may come into play as well as target 2 as we've seen some spikes on the pair.
Looking for the descending channel to hold and see a push up into structure for a retest / rertracement.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
EURUSD 1.18933 + 0.17 % LONG IDEA * STRUCTURE AND PRICE ACTIONHEY EVERYONE
Here's a look at the EURO / DOLLAR pair heading into a new week the pair is currently trading in a bull frag which it can break in any direction but looking at the momentum push with the bulls looking for continuation of this move as it would be premature to go against the trend seeing no signs of slowing down on the pair so on higher time-frames we just have an overview of direction and what is the bigger picture in the markets.
for entries we scale down to smaller time-frames to determine entries and so forth.
many stars must align with the plan before executing the trade, kindly follow your rules.
here's some of my rules if they help.
1. will be looking for a break above of the bull flag on the pair.
2. RSI is overbought so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
XAUUSD 1862.69 -O.77 % SHORT IDEA * CONTINUATION & STRUCTUREHELLO EVERYONE
A look at GOLD, now gold just had an impulse move with the bears with significant momentum traded in a symmetrical triangle and broke below of structure now it seems we are pushing up to retest this structure which may signal continuation, looking forward to this move to signal the trade and looking for continuation to the down side because momentum with the bears was just too strong and i'm thinking we might continue, gold is still within that descending channel which just saw a false break.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
AUDUSD BUY Minor timeframe continuation , h4 marketflow bullish , price is rejecting from an area of h4 established demand , tp at my drawn area of daily supply , and rejected from the same area from my last labeled ny session 24 hours ago during NY session for me right now Lets see how it goes , happy trading guys :)
Please like and comment it pushes me to keep creating content on pairs and my bias on it :)
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
US100 11481.5 + 1.91 % LONG INTRA-DAY IDEA * PRCE ACTION & STRUCHEY EVERYONE
Here an idea on the US100 intra-day trade from an hour perspective. most details are on the chart so i hope this assests in anyway with your trading.
The trading plan changes completelty should the ascending triangle structure hold, follow the price.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - INTRA-DAY TRADE
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DXY 93.81 + 0.09 % LONG IDEA * PRICE ACTION, BREAKOUT & CNT PTNSHELLO EVERYONE
Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDJPY 105.559 + 0.01 % * STRUCTURE & MULTI TM IDEA CONT PTTNS HELLO EVERYONE
Here's an idea on the DOLLAR/YEN with a summary from higher Time frames.
- From the monthly the pair is still respecting and range-bound in a descending triangle structure where it was just rejected at the base of structure at 200 MA Which has been ating as support on the monthly time-frames for some months now. looking for a continuation of this move with the bulls from the monthly perspective.
- On the weekly and the daily TIME-FRAMES the sentiment is more or less the same, we saw a rally with the bulls building some bullish momentum and trading just below the 61.8 % Fibonacci level so looking for a continuation of this move with the bulls so the sentiment is the same looking for bullish opportunities on the pair.
- on the 4H and lower time frames looking for confirmations and entry opportunities on of the confirmations from the 4H can be a break and retest of the 200 MA amongst others.
lets see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP1 - 105.955
TP2 - 106.307
TP3 - 106.671
SL * 105.951
RISK-MANAGEMENT
PERIOD - SWING TRADE
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GBPUSD 1.28504 + 0.86% * STRUCTURE & CONTINUATION PTTNSHEY EVERYONE
Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective
- The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like;
* The dominating fears of the rising virus cases.
* BREXIT
- BREXIT deal remains more likely than in the coming week, but they have warned of the risk of no-deal has increased.
- BREXIT is slowly re-emerging as a key driver for THE POUND.
POUND/DOLLAR has a good support between 1.2691 - 1.2726 at fib level 0.618 which is FEB low 100 MA & 200 MA supports we may find some resistance at 1.2993 & 1.3200.
lets see how it goes
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP1 - 1.27385
TP2 - 1.26206
SL* 1.29542
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDCHF 0.92490 - 0.41% * SWING CONTINUATION PATTERNS HELLO TRADERS
Here's a look at the DOLLAR/SWISS which dropped again towards the 0.9250 area again a continuation of this move is highly possible from a technical perspective which would be a great opportunity for more aggressive traders to capitalize on this from lower time-frames but i just wanna target this from a swing perspective looking for longs with the bulls after this pull back.
The momentum on the pull back is pretty strong so looking for the pair to find support at the 0.92042 - 0.91814 area before we can see or look for entries with the bulls.
FOR NOW the pair is fairly bearish as US DOLLAR pulls back today across the board after last weeks rally
- swiss franc saw some recoveries during the US SESSION.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.