Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Very bearish price action towards main sr level. 4 HOUR Price broke and closed above blue line. DAILY Expecting prices to push towards previous highs. - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.82330 SL @ 1.81850 TP @ 1.83340 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It could not break the Resistance Zone to the upside. . 🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
those who missed a short trade from the resistance of the 4H horizontal trading range may now catch a bearish continuation after a confirmed breakout of a neckline of a h&s pattern. high momentum bearish candle signifies the overwhelming dominance of sellers and confirms our predictions. their goal is now 1.637 good luck
Price is facing bearish pressure from our resistance where we could see a drop to our first support level , which happens to be the horizontal swing high and 100% fib extension.
GBPAUD after the downtrend started a new move up. Market retraced till the 0.382 fib level and started to range between 2 daily structure. If the price will manage to break and close above the daily structure, at the retest of it, we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
See past AUDCAD trade idea where it bounced off broken neckline and hit TP perfectly for 60 pips profit. Indicators: 1. Back of head and shoulders neckline (blue) is being tested at this moment @ 0.9528 2. RSI in sell zone, expecting a retrace. Entry 1 @ current price of 0.9528 Entry 2 @0.9552 for a conservative entry TP @ last low of 0.9435 area or next...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.102). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.102). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions. TRADING PLAN: 1-IF there is a breakout upwards 2-Wait for it to be confirmed 3-Go long on a...
Please share with me your thoughts With kind regards
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit.
Testing my long term holiding. entered after the 15 min exhustion candle.. lets see if it works.. alreary closed some positions and dot sl in BE if it doesnt work then it doesnt.
Confirmed violation of a major falling trend line on AUDCHF. on 1H the price has also broken above the horizontal resistance of the ascending triangle. now bullish continuation is highly probable. goals: 0.656 0.657 do not enter aggressively, it is way better to catch this long on a retest.
Long ichimoku trade, first trade of this week. Lost this one last week, 4H still not perfect. let's test ;-)
Price is approaching our support where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.