USDCAD Long 1h chart, short time frameSupported bij a trendline with higher bottoms and higher tops. Also the Moving average lines, seems solid.
Currencysignals
GBPNZD Best long term sell entryPattern: Channel Up since 2016.
Signal: Bearish near the -0.236 Fibonacci as per the first cycle of pattern.
Target: 1.9200 (0.618 Fibonacci from the first top).
EURUSD Action planPattern: Channel Down on monthly since June 2018.
Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month).
Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).
EURZAR Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as the pattern is close to making a Higher Low. Confirmation comes once the RSI tests the symmetrical Support Zone.
Target: 16.7500 (just below the Symmetrical Resistance).
Previous targets hit:
EURUSD Buy SignalPattern: 4H Channel Down.
Signal: Bullish as the pattern is testing the Lower Low trend line.
Target: 1.10300 (right on the 4H MA50).
*note: invalidation of pattern if 1.0940 breaks. In that case short to 1.08880.
Recent signal on EURUSD:
AUDNZD Buy SignalPattern: Descending Triangle on 1M.
Signal: Bullish as the price is near the 1.02410 Support from September 2016.
Target: 1.0650 (the 0.618 Fibonacci retracement, which is where the Lower High of the Descending Triangle was made last time).
* Previous successful Sell Signal:
USDJPY Buy SignalPattern: Descending Triangle on 1M.
Signal: Bullish as the price made contact with the 1M Support Zone.
Target: 109.000 (the 1D Resistance). For risk seekers, if the Golden Cross (MA50 over MA200) takes place on 1D (as seen on the chart) it can extend towards the 112.00 1W Resistance.
GBPUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the Resistance keeps the price contained within the pattern.
Target: 1.1700 (projected Lower Low of the pattern).
AUDCAD Two-way scenarioPattern: 1W Channel Down.
Signal: (A) Bearish currently as long as the price remains within the pattern. (B) Bullish if the 0.382 Fibonacci retracement level (0.91632) breaks.
Target: (A) 0.88000 (B) 0.94000.
Possible SGD/JPY Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4-12 Hours
Actions on -
A – Activating Event
Market will meet resistance in zone @ 79.5 - .... and fall to the 79.15. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 79.15
FX:SGD/JPY
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 79.15
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
USDNOK Sell and Buy entriesPattern: 1W Rectangle.
Signal: Scalping. Sell within the 1W Resistance Zone (8.7600 - 8.8200), Buy within the 1W Support Zone (8.4000 - 8.4700).
Target: Near the Support Zone for shorts, Near the Resistance Zone.
USDSEK Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as every time the price broke below the MA50, it always stayed supported above the previous low.
Target: 9.6500 (just below the 1D Resistance).
EURUSD Sell SignalPattern: Head and Shoulders on 4H.
Signal: Bearish as a Death Cross (MA50 under MA200) formed.
Target: 1.11800 (4H Support) and 1.11150 (1D Support) in extension.
AUDUSD Short SignalPattern: Channel Down on 1W.
Signal: Bearish once the price makes contact with the 1D MA200.
Target: 0.68500 (the previous Low).
EURJPY Scalp SignalPattern: Rectangle on 1D.
Signal: Scalping. Long near the Support Zone, short near the Resistance Zone.
Target: The Resistance Zone on longs, the Support Zone on shorts.
CHFJPY Long SignalPattern: Channel Up on 1D.
Signal: Bullish as the price is near the Higher Low zone.
Target: 111.450 (below the 1D Resistance).
GBPUSD Sell SignalPattern: Multiple Top Rejection on 4H.
Signal: Bearish if the MA50 is crossed by more than the former fraction that supported (June 10).
Target: 1.25600.
EURAUD Buy SignalPattern: Channel Up on 1D.
Signal: Bullish after the 1W Resistance broke.
Target: 1.6645 (based on the previous Higher Low - Higher High leg).
EURUSD Sell SignalPattern: Double Top on 4H.
Signal: Bearish if the previous low (1.12900) breaks (last time failed).
Target: 1.1115 (1W Support).
GBPUSD Sell SignalPattern: Inverse Head and Shoulders on 4H, Channel Down on 1H.
Signal: Bearish as the price was rejected on the top of the neckline and the 1H Channel Down is pricing a new Lower High.
Target: 1.2640.
USDZAR Buy SignalPattern: Cup formation on 1W.
Signal: Bullish as the pattern is about to break aggressively towards its Top.
Target: 15.4000 (the formation's Resistance).
EURUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price entered the Lower High belt.
Target: 1.1115 (1D Support).
CHFSGD Buy SignalPattern: Emerging bullish channel on 1D.
Signal: Bullish as the price rebounded on the 1W Support and broke the 1D Resistance to start a new medium term uptrend.
Target: 1.4200 (just below the 1W Resistance Zone).
