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GBPNZD Local S/R| .382 Fibonacci| 200 EMA| Price Action Evening Traders, Today’s analysis – GBPNZD- trading above Local S/R where further upside is probable, Points to consider, - Price Action Impulsive - Local S/R Support - 200 EMA Support - Swing High Objective GBPNZD’s immediate price action is impulsive above local S/R which is in confluence with the .382 Fibonacci, allowing for a bullish bias. The 200 EMA is current dynamic support, holding this level is indicative of strength. The immediate objective is swing high, price action exceeding thing level will increase the probability of trend continuation. Overall, in my opinion, GBPNZD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Long
by AzizKhanZamani
7
The USD/CAD has rebounded quite firmly from sub-1.2730 levels...All pairs seem narrowly mixed vs their US counterpart having weathered an early EU storm. The USD/CAD has rebounded quite firmly from sub-1.2730 levels in the run up to the Canadian-US jobs showdown and the Yen is paring declines from just under 104.00.Overall I am still anticipating shorts down further into new lows which could be met by the end of today in alignment with todays volume. 100 pips left on this pair to take advantage of.
Short
by FTUKcom
4
EURCAD Daily S/R| Bearish Retest| .618 Fibonacci| Price ActionEvening Traders, Today’s analysis – EURCAD- price trading below Daily S/R where a bearish retest is probable, Points to consider, - Price Action Impulsive - Daily S/R Resistance (.618 Fibonacci Confluence) - 21 EMA Local Support - RSI Bullish Control Zone - Below Average Volume EURCAD’s immediate price action is below Daily S/R that is in confluence with the .618 Fibonacci, this allows for a bearish bias. The 21 EMA is current support, holding this level is crucial in the coming hours. The RSI is currently trading in its respective bullish control zone, holding this level is indicative of strength in the market. Volume profile as of now is trading below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, EURCAD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
Short
by AzizKhanZamani
5
EURGBP - Analysis ( Having A Breakout Or A Pullback?)Trade Signal Alerts On EURGBP EURGBP is currently retesting a support level at 0.89574 after breaking out from a diagonal range at 0.90261. Price moved in that matter creating lower lows to hit it's previous support price level at 0.88635. Price is currently moving in a bearish direction. If price breaks the previous resistance level at 0.89454 acting as a strong support zone. Open order around that zone and look forward to exit the market at next support zone at 0.89144. Open Price: 0.89353 Target Price: 0.89144 Stop Loss: 0.89463 Order: SELL. Alternative Scenario When price breaks the middle point resistance zone at 0.90261, look to take a quick profit and exit the market at 0.90437. Open Price: 0.90270 Target Price: 0.90437 Stop Loss: 0.90212 Order: BUY
by Richie-Structuretradeview
GBPUSD - will the pair hit 1.3300?Hey traders! Happy Saturday to everyone! Hope you are doing well! Let's remind our last week especially on GU. Zone 1.3000-1.3025 was very strong for me. My main target was pretty far and price didn't get that region. Anyway we were 2% profit (trailing stop) and I am happy with that. What do we have now? Our main support/resistance region was broken, and correction was already retested it. On the 4H timeframe I also see the inverse H&S pattern and the price is telling me that the uptrend should continue. Anyway when the market will open - we will react! Hope the price will get to 1.3300 region
Long
by Infinity_Limits_Trade
NZDCHF Daily S/R|Impulse Sell|Support Zone|Oversold Bounce| PAEvening Traders, Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable. Points to consider, - Price Action Bearish - Supply Zone Target - Daily S/R Resistance - Oscillators Extended - Declining Volume NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish bias on the market. The initial target is the supply zone; a bounce here is probable as the base of the bullish engulfing resides in confluence. The Daily S/R is crucial resistance; a back test will confirm a bearish retest of the level. Both oscillators are approaching oversold conditions; this increases the probability of an oversold bounce. A volume influx will coincide with this as current volume is low. Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Long
by AzizKhanZamani
EURJPY - Sell now validEURJPY- sell position now valid. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
6