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DAX SetupThe price has clearly coincided with a Head and Shoulders pattern, and heading for the support trendline.
Afterwards, it could either breakout downwards(WAIT FOR A CONFIRMATION) or bounce upwards.
Good Luck!
Bullish GBPUSDDouble bottom encouraging bullish sentiment
Targets are indicated.
Good luck and follow me for more ideas!
RISK 1:13 REWARD!!! NZDCHF LONGRISK 1:13 REWARD!!!
What is my entry criteria for a NZDCHF LONG?
Reason:
Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement.
Confluence:
RSI We are not quite oversold on the daily as we are at 21 so its still low
Major level of now structure and support, looking left we can see multiple tests
Bullish Divergence on the 240 chart
Entry:
Double Bottom completion on the 60 chart
Stops:
Tight ATR below the low previous test, as we could just blow right through this stop and continue lower and breach my bullish trend rules (Hence the final chance entry)
Targets:
Target 1:
High of the previous close
Target 2:
Depending how we get to target 1 if we get to target 1, I will either trail based on structure if there is enough volume and momentum or cut the trade. Long way to go before this happens – if this happens
As always good luck in the markets,
TradeEasy.
Advanced Micro Devices Inc IdeaAdvanced Micro Devices Inc is currently in an ascending channel, enhanced by Fibonacci.
We now see a strong support around the 0.236 level, which seems to be working with a powerful, 200 EMA support as well.
The current trend is bearish, shown by a Head and Shoulders pattern, but will become bullish if it bounces off the strong support zone.
Feel free to follow me for more of my ideas,
Good luck!
LTCUSD Elliot Wave TheoryGreetings traders!
Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view.
The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level.
The price has also once again retested the 200 EMA, fuelling the bulls.
The price seems to be in a three-drive pattern leaning towards the upwards momentum as well.
For more, feel free to follow me and checkout my other ideas as well.
Wish you all a great trading week,
Good luck!
EURJPY Long ideaThe price is currently within a descending trendline where I'm expecting an upside breakout.
It is also in consolidation within clear Support and Resistance levels, with the potential target being around the resistance zone.
Please like/comment and follow me if you want to see more of my ideas.
Good luck!
EURUSD Bullish ReversalA recurring Inverse Head and Shoulders is evident in the major currency pair, EURUSD.
As you can see there are various possibilities for the direction but the overall, favoured prediction is a bullish movement.
Please like, comment and follow for more of my ideas.
Happy trading!
What is my entry criteria for a AUDUSD LONG?What is my entry criteria for a AUDUSD LONG?
Reason:
We have broken previous structure indicating a possible reversal in the bearish trend
We have already completed a three point move that broke the previous bearish structure.
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and continue lower
Confluence: (Use callout on the fave tool bar to make note and point)
RSI is not currently oversold but is hovering around 27
Double bottom was my entry for the long
10EMA is above the 50 on the daily
Entry:
Market order
Stops:
1 ATR below the low of the double bottom
Giving us a nice risk reward of 2.8
Targets:
Target 1: H4 Highest candle close
Target 2: Trail based on structure if we continue higher
As always good luck in the markets,
TradeEasy.
GBPNZD BUY IDEALooking to buy GBPNZD from buy area, closing trade at target area (+50-80pips).
Please like, comment and subscribe!
Good luck traders!
GBPJPY SHORT SELL STOPWhat is my entry criteria for a GBPJPY SHORT SELL STOP?
Reason:
Gartley has just completed, I havent entered aggresively yet.
I have a sell stop order in place
As always good luck in the markets,
TradeEasy.
Why am I trading NZDCAD LONGLooking further left we are a solid area of structure
Numerous tests
Entry is a buy stop
Bullish flag pattern setting up on 15
Double bottom
RR is 2.27
Targets 1 and 2 as outlined buy price
SL also outlined
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Why am I looking to trade NZDCHF LONG?Why am I looking to trade NZDCHF LONG?
Reason:
We have an extreme peirce candle outside of the Bollinger band.
Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before.
Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal
Entry:
5 pips buy stop above the current pin bar
Stops:
5 pips below the previous extreme candle
Targets:
Target 1:
1:1 – 0.6544
Target 2:
4 pips below daily high
As always good luck in the markets,
TradeEasy.
What is my entry criteria for a GBPJPY LONG?What is my entry criteria for a GBPJPY LONG?
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be to wait for price action to come near our D completion and wait for a Double bottom or other reversal sign, 3 bar reversal with oversold.
As always good luck in the markets,
TradeEasy.
Why am I entering long USDCAD buy?Why am I entering long USDCAD buy?
We have a cypher completion now approaching D.
Aggresive limit orders are set
Risk to reward is 1.58
I will monitor the trade and adjust targets in accordance with price action.
As always
Trade Easy
GBPCHF SELL IDEALooking to sell GBPCHF from sell area. Waiting for exhaustion candle. Close trade at the target area (+30-50pips).
XAUUSD SELL IDEA Looking to sell XAUUSD from sell area, close position at the target area (+40-50pips).
GBPUSD SELL IDEA Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.
EURNZD SELL IDEALooking to sell EURNZD from sell area, wait for reversal confirmation. Close trade at the target area (+40pips) or (+100pips).
BULLISH TREND GBPCAD (BUY)Long opportunity set up on GBPCAD
Confirmation on Bat Harmonics
Ope: 1.71643
TP1: 1.73564
TP2: 1.75245
TP3: 1.76431
Setting SL @ 1.6998
UsdCad analysisOn my previous post on Ucad you see I called the move upward as the Z leg that could finally drop. if we look at the consolidation forming from mid-April we see a wxy continuation pattern being formed. this is confirmation for more upside I'm looking at equal legs to the last impulse made starting the 17th of April which puts price at 1.361xx the next important level is the ultimate high at 1.36604.
GbpChf 4/30/19 LongI wish my work schedule would go back to the way it was, my trading has turned into crap the past month with this work schedule, Im not accustomed to PA anymore or how to trade on certain days and even missing these huge swings. It sucks, i get off and its australia/asia session and we know seldom does price make major moves during that time.
