GBPAUD Sell to Monthly Support at 1.73007/28 Bulls have made a short push up to the .382 level and the StochRSI shows that the move is extended I am looking for a rejection of the 1.7900 which would make it past support turned future resistance to sell zone to the 1.7300 area which is the monthly resistance area (Green) Stop would be above resistance area at 1.8000 giving great risk to reward value if rejection area holds.
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USDJPY BUY to 109.00 levelMarket has held the 109.00 as past resistance equals future support. Even through overall I believe the long term trend is bearish there is some upside to 109.00 level. Stop should be place around 107.50-107.60 area. which will give you a 2:1 risk reward level.
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EURCHF Short Updated If you have not seen the EURCHF Short that I posted a week ago here is the updated the momentum is starting to come in with the ADX above the trend number I am looking to SELL to the daily D ext at .9700 with USD weakness.
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GBPCHF Buy to .382 Retracement GBPCHF has been bearish all month and has hit the D ext with a very shallow retracement. With good news from the GBP yesterday there may a Bullish rebound for at least a short term move. Keep an eye out on this pair because there is a Bearish H&S pattern that is forming if it breaks it could drop all the way down to .9440 level. Use a trail stop of you take the trade.
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EURAUD Short H&S PatternHead and Shoulders pattern has been created on daily and 2hr Sell bottom of projected move. Daily is has rejected 1.6040 area and has turned it into resistance, looking for short term target on the 2hr to 1.5840 (Daily D ext). This
is a retracement move to the long term Daily .618 upward trend. Use trail stop and protect profits Stop should be able 1.6040.
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USDCHF still selli'm a bit late for publishing this trade set up. I was already in from last week, but anyway, this is still good entry for everyone. So price has to touch gap on first support downthere or even fulfill the gap.
I'm not trading gaps likely. I rather call this gambling, because banks now people are like that. Many people are trying to catch gaps as an opportunity for making profit. But for everyone who follows me, I prefer risk management, logic, traders mind, Knowing price action and follow your knowledge. Mine is Elite strategy and I do not cheat on my best strategy.
Cheers for everyone who would like to know more
Sellers dominaceAdvance trading set up:
Sellers are now under the previous Lower Low. Now it is time to go even lower, where the First target shoudl be.
We are in sellers trending, under the channel, unders previous Lower Low, waiting for sellers retest from support.
The only problem could be CAD is not showing any power (yet)
This trading set up is build only on advanced basics and not Elite stategy. Advance is a good start for begginers, but later, we recommend Elite knowledge to go even further with discipline, trading stucture, risk management and knowledge
By elite course I'm managing all trading set ups on market flow, movement and power. That gives me confidance to stay in trade or get out from set up position. Elite strategy gives me same faster decisions what is normal because it contains more knowledge.
Charts Gives you Sign, Read The Price Action! The Art of technical analysis is Simple:
1) Take a Clean Chart
2) Look For major Trend in Daily Chart.
3) Zoom into H4 for any counter trend, In case of EURNZD I spotted Post rejection of 61.8% Fib level
4) Eventually Price broke the Counter trend line (here where 90% retail trader starts selling) No Be patient Let the price show you confluences.
5) Price pulls back up and retest its former Support/Resistance, trendline (incase of EURNZD it pulled back up and retested trendline and rejected) Still be patient as we dont have much confluences.
6) Finally I had a 4H bearish engulfing candle close giving 2nd confluence that the bearish major trend of daily chart will prevail. Price just came up to 61.8 Fib level to make a LOWER HIGH (LH)
7) Now after having 3 Confluences (Trendline Break, Trendline Retest & Rejection, Bearish Engulfing) I took a sell @ 1.6911 with Stoploss right above previous 3 candles @ 1.6955
8) Price came down and broke keylevel zone (as from point #6 on chart we see it came back at the top of keyzone and pulls back down with a nice bearish engulfing) Holding Positions Patience!
9) Nice +80 Pips, Here we need to apply exiting strategies (Close your 50% position and book profits) & put stoploss at breakeven) trade is safe now Let it RUN.
FX:EURNZD
EURUSD BUY Options 1.1300 to 1.1450Let me start by saying this the USD is proving to be weak going into the this weekend and I think it will struggle without a catalyst driving it. So from looking at this purely from a Stochastic and pivot point mindset the daily is in the BIY zone the 2hr is in the BUY zone right now and it has broken a CTL. Here are your 2 options. Scalp the market to 1.1300 take profit and wait for a retracement on Sunday or Buy at market now and hold to the daily D ext at 1.1450 which means you would have a 1 to 2.5 risk reward ratio on this pair.
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NZDUSD SELL Updated 1.27 Extension Confirmed to .6420 On 7/1 the NZDUSD gave a Market SELL based off of the rejection of the .6720 area and confirmed a 1.27 C Ext down to the .6420. If you are in great, however if you are not look for a 2hr high price in the SELL zone to place a entry with the Stop above the fractal high on the on the 2hr. PLAN YOUR TRADE, TRADE YOUR PLAN
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AUDCAD SELL SWING to the .8950 areaAUDCAD is testing the .9200 area and has rejected it to this point this morning on the 2hr chart there is consolidation around the .9200 - .9160 area if it hold below area I would look to SELL down to the projected Fibonacci D at .8950, Stop should be places above the .9200 area around .9260. Be aware that the .91150 is a monthly pivot area and it has rejected that area twice before but if it moves past that level there is no more support to the .8950 area.
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NZDUSD SELL CONSOLIDATION PLAY TO .6500 AREA MARKET SELLPreviously, there was a triangle that has been formed and broken to the downside. It has not fulfilled the projection of where it will go around the .6420 area. Since then the NZDUSD BULLS has testing and failed the .6720 area and has broken a counter trend line, there is a MARKET SELL chance right now if you are viewing this STOP should be place above the sub resistance at .6795 with a target at the support at .6520 as tp1 and the potential of moving lower to the 1.27 to the .6420 area.
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EURAUD LONG Swing Looking up to 1.66000 up to 1.7000The EURAUD is in the push zone of the Fibonacci zone (from C to D) and has broken a resistance zone at 1.6350 twice. Even though the Stoch is moving from the SELL zone I don't believe that the AUD BEARS are strong enough to push the price down below that level and test the trend line again at some point without some type of catalyst. Therefore I would look to BUY up to the 1.6600 at profit level 1 up to 1.7000 as profit target 2. Stop should be place below 1.6350 swing low around 1.6280 area. Unless on the 2hr it retraces back towards the 1.6350 area the ratio may now align for you if you are looking at the 1.6600 area as the only target.
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AUDJPY SELL SWING Potential Move ComingThe AUDJPY is showing a potential rejection of the 76.00 level which is a daily pivot area. With the stoch in the SELL zone and I am looking for a counter trend line break around this level. If the market keeps climbing and uses the 76.00 around as support look to BUY up to the 77.50 area and sell down to the 72.50 pt 1 area down to the 67.50 area pt 2. Stop should be above the 76.00 area around 76.50 making the risk reward around a 1 to 3.
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AUDUSD SELL Swing to .6750 area AUDUSD is rejecting the .7020 area which is a daily pivot zone and it has to the makings of a CTL break in the SELL zone. At the close of the candlestick if it remains below the CTL I will look to SELL down to the .6820 area to the Fibonacci D ext that was not completed last month. Stop should be place above the .7020 pivot area giving this a good risk to reward ratio of 1 to 3.5 level.
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NZDCAD BUY Consolidation to .8900NZD has broken the .8700 pivot area and restested on the 2hr chart the overall trend is Bearish and the 2hr Stoch is oversold there is an opportunity to trade but I would ONLY look at BUYING once the 2hr is in the BUY Zone again up to .8900 Stop would be place right under the .8700 pivot because long term I believe this market is BEARISH.
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Gbpjpy h4 Technical Analysis by The Forex Scalperas indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we can expect a nice h4 bear engulfing keep in mind if we break 138,000 that we have just entered an entry take the new higher low on the first pullback! to avoid a fake out (liquidity grab)
Sell NZD/USD Retesting Swap Level Downtrend ContinuationShorting NZD/USD now would be ideal as it is retesting the previous tested support level that price just broke through. We will be selling at this support turn to resistance zone (swap level).
Trade Details :
Entry : 0.6570
SL : 0.6600
TP : 0.6520
Entry : 1.4425
SL : 1.4440
TP : 1.3870
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Short GBP/NZD Pullback, RSI OverboughtNow's looking like a good time to short the GBP/NZD pair as RSI (14) is indicating an overbought signal which confirms a pullback is bound to happen. Price should drop back to previous structure or even the tested trendline so we'll keep an eye out on these zones.
Trade Details :
SL : 1.9755
TP 1 : 1.9600
TP 2 : 1.9440
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