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Falcontradingguidance

GBPUSD SELL TRADEGBP/USD: • If price pushes up to and ideally just above our upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
Short
by Jay_FxGod
GBP/USD, USD/CHF and AUD/CAD on watch for me today.GBP/USD: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight one hour flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. USD/CHF: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price merely pushes up in a convincing manner from where it currently is and a tight one hour flag then forms above our most recent high, then I'll be looking to get long with a reduced risk entry on the break of the flag so long as I can get my stop loss to break even before price reaches the upper descending trend line of our most recent piece of structure. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/CAD: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades.
by StewySongs
2
EUR/JPY and GBP/USD on watch for me today.EUR/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above either our trend line or our rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. • If the flag forms a little higher than in the example to the left I'll use the rayline as a shield by hiding my stop loss above it as illustrated for extra protection. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then once again regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
EUR/GBP Update 3 So looking at the 1H chart 2 days into the week, I am pleased to see that my analysis seems to be paying off so far. I updated the trend lines to represent the most relevant market information. This update shows a steep descending channel which is a good reversal pattern. This only solidifies the bullish move that is to come. Now I want to go a little bit into the trade itself. I was not in this trade. Since this is my first time analyzing the markets in almost a year, I want to do a lot of back testing and shadow trading before I put money back in my trading account. But I'd like to go a bit more on the opportunity and why I wouldn't have taken it. If I were to have taken this trade, it would've been at 0.88660. This would have been a touch on the Daily support and would have set a 20 pip SL with a 155 pip PT for a 7.44% gain if it hits the top of the 4H pattern, or a 100 pip PT for a 4.05% gain if it only retraces to most previous high. However, as I continue analyzing the market, I start to see the formation of a small ascending wedge on the 1H chart. What's possible here with this pattern is a small dip before aggressively shooting up impulsively. Should this play out in the live markets within the next few days, I think it would be a great area of entry - and I could execute my original plan and enter at 0.88660! We'll keep an eye on this for the next few days. In the meantime, drop your thoughts and ideas in the comments!
Long
by JuanAlexander95
EUR/NZD, GBP/CAD, GBP/USD and NZD/CAD on watch for me today.EUR/NZD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes down to and ideally just below our lower trend line, then regardless of how it does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking to get long with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/CAD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes down to give us a confirmed second bottom and then it pushes up correctively to give us a confirmed second top ideally breaking just above our previous high, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart so long as the flag itself is fairly horizontal in nature. • If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to give us a confirmed second top, again ideally breaking just above our previous high, then I'll be waiting for an impulse down followed by a tight flag and then I'll be looking to get short on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes down to give us a confirmed second bottom and then it pushes up correctively to give us a confirmed second top ideally breaking just above our previous high, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart so long as the flag itself is fairly horizontal in nature. • If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to give us a confirmed second top, again ideally breaking just above our previous high, then I'll be waiting for an impulse down followed by a tight flag and then I'll be looking to get short on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/CAD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price impulses down below our rayline and a tight flag follows, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If the flag forms a little higher than in the example to the left then I'll use the rayline as a shield by hiding my stop loss above it as illustrated for extra protection. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
by StewySongs