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EURUSD two possible scenarioson DAILY: EURUSD is sitting around support so we will be looking for objective buy setups on lower timeframes unless EURUSD breaks below our blue support, then a bearish movement would be expected on H4: EURUSD is currently trading inside our red symmetrical triangle so we have two scenarios: 1- we are waiting for an objective break above the last swing that forms around the upper red trendline to buy 2- or we are waiting for a new swing to form around our lower red trendline to consider it valid and then enter on its break downward. (conservative traders should wait for a break below the blue support before selling)
by TheSignalyst
NZDUSD potential sell setupon DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward. Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
Short
by TheSignalyst
1
Downward Channel On Daily EUHello Traders Time for tactical trading Tuesday!! Today i wont be publishing projections as this is a daily setup and prices could deviate a lot. But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel. I will be updating with entry levels. No fundamentals in sight supporting euro in the near future best bet is trend following at this point. Always place stops and manage risk according to plan. Trade safe Trade well
Short
by fromzerotospyro
A2 Milk - Confirmed H&S I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength to the downside. Mansfield Relative Strength (XAO)(daily) is below zero showing A2M is under performing the All Ords. Price has closed below Neckline of Head and shoulder pattern for 2 periods (confirmation). Target price on the down side is roughly $10.7, using a 30EMA weekly as exit once price closes below on weekly time frame. If you enjoyed this idea, please subscribe for more technical analysis in the future. Disclaimer - This in not financial advise and may not fit your financial needs, do you own analysis before investing any of your money or seek advice from a qualified financial advisor.
ASX:A2MShort
by IRApTOIR
Clear Breakout Trade Plan On UJHello Traders Back with another tactical trade plan Today we take a closer look at USDJPY that has just broke out from an uptrend momentum. The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment. Here my entry point is based on the retracement on the break out point. If there is further spill this trade idea will be rejected so further downside without any retracement whatsoever is also a possibility . We are expecting things to play out in the exact same way as the trend lines and arrow projections indicate otherwise the trade plan will be cancelled. Traded safe trade well
Short
by fromzerotospyro
Possible CAD/JPY Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 83.00, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 83.900 FX:CADJPY Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 83.900 Target 2 @ 0. Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Tier 1 Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
Possible GBP/AUD Long position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair breaking through resistance line and heading to next strong resistance line B – Beliefs Market move towards the first Target 1 level @ 1.85 FX:GBPAUD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 1.85 Target 2 @ Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
2
Possible GBP/CAD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100 FX:GBPCAD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 1.7100 Target 2 @ 1.6900 Risk/Reward @ 3.0 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Ascending Triangle Formation On NZD/CADHello Traders. I present to you another tactical trading Tuesday. This time we are looking into two long positions both into a trend continuation bias. The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line. Any deviation from these projections will deem these entry levels invalidated and consequently cancelling all trading. Stops are in place as per usual based around S/R levels as well. Trade safe, Trade well.
Long
by fromzerotospyro