GBPAUD - Waiting for more confirmations to shortTaking a look at the daily timeframe, I'm still not convinced now is the time to sell. But in the event price action does close below the previous candle on the daily tf, I'll then look for a possible sell. My idea is chalked up on the chart of what I'm looking for. If this doesn't happen - no trade.
Please note that this is not a complete trade plan, this is just some prep work
Forexprofit
The best way to use this opportunity is to place a Buy order witEURUSD broke the resistanece level of 1.0795
EURUSD has been trading in a bearish trend for the last couple of days.
Possible scenario
The best way to use this opportunity is to place a Sell order to 1.0796.
Possible scenario
The best way to use this opportunity is to place a Buy order with 1.0796 and target should be 1.11085
The upcoming news will not influence your orders within the mentioned period.
GBPUSD Next Buy opportunity 1.2337 | 1.2500GBPUSD Next Buy opportunity 1.2337 | 1.2500
Target will be Depends on entries. Each Trade
Wait for confirmation....................
4H Resistance level - 1.2870 and support level is 12502. Currently running with descending channel.
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin
USDWTI H4 - Short SetupUSDWTI H4
We spoke and covered this during yesterdays webinar and also the technical rundown which we have just posted. A range breakout to the downside on two occasions here. Lower lows and lower highs have both been set.
Really looking for a daily correction, a nice healthy correction to see WTI test maybe $70-72/b. Demand still high, but WTI corrections are often very volatile and impulsive. Lets see what this week brings. I'd love to see this unfold.
TRADE OF THE WEEK | Classic Price Action Trade💰
Hey traders,
Here is a great confirmation top-down trade that I caught on GBPNZD this week.
Being very bearish biased on the pair, I was monitoring the pair for quite a while. I was looking for shorting opportunities within a wide weekly/daily supply cluster.
After weeks of passive observing, I finally spotted multiple confirmations:
The price broke a rising channel on 4H time frame.
My entry reason was a double top formation on an hourly and its neckline breakout & consequent retest were the triggers.
Then the market dropped sharply giving me 250 pips of pure profit and 4/1 risk to reward.
Great trade!
Did you catch a bearish rally on GBPNZD?
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TRADE OF THE WEEK | Key Level Breakout Trade 💰
Hey traders,
Here is a great breakout trade that I caught on AUDNZD this week.
This trade is based on a bearish breakout of a major daily key level and its retest.
Original post -
Retesting the broken structure,
I am always looking for an intraday confirmation (reversal pattern on 4h/1h time frames).
On hourly time frame, after some fluctuations, the price formed a tiny double top formation with a lower high.
Breaking its neckline, and respecting a local falling trend line, that was a trigger for me of a coming bearish movement.
I opened a sell limit order on a retest of a broken neckline.
My entry level was 1.05437
My goal was 1.0475
My stop loss was 1.05705
The price dropped nicely as predicted giving me 70 pips of pure profit.
Great example of a confirmation, rule-based trade.
Share your winners of this week in a comment section!
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GBPUSD update (buys/sells scenario)Pair is approaching daily resistance and confluence level 1.3300. Vaccine bullish news were key driver from last week and now some Brexit headlines are adding more fuel to the pair for more upside. So both sentiment and fundamental drivers are bullish at this time regarding key GBPUSD stuff. Other things to keep in mind are rising Coronavirus cases, still not clear picture of Bexit deal, equity futures retracing and commodities retracing. So my overview for Tuesday is approx. 65%-45% for bullish continuation.
I count on 2 different scenarios that might come in play for today and rest of the week:
1. Pair pulls back and creates new support at 30-50% of fib retracement and from there we get test of current highs and possible breakout.
2. Pair shoots up and breaks current resistance with dailčy candle closing above signaling strong bullish continuation for rest of the week.
Keep in mind: Bearish scenario would be support which potentially could form soon breakout or fakeout (bullish breakout and straight move down below breakout point) but since I give more chances for continuation I will just keep this scenario in mind and if that happens I will manage my sell entries.
Also RETAIL SALES news will come out in 1h and FED'S POWELL SPEECH is coming at 7pm gmt+1
RESISTANCE:
1D and lower timeframes: 1.33
SUPPORTS:
4H: 1.322
30M: 1.326
At this point waiting is key and I can prepare my entries if some of potential scenarios play out.
USDWTI H1 - Short SetupWTIUSD H1 - Western texas has been gaining since the start of the week, significantly, we have recently seen a double top exhaustion at a relevant resistance zone. We are now trading on support, further bearish pressure to break current price could see support turn to resistance and a s subsequent selloff to look to fill last Sundays market gap
AUDUSD TRIPLE SETUP OPPORTUNITYSELL: 0.71900
TP1:0.71650
TP2: 0.71450
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AUDNZD BUY LIMIT 5:1 RATIO#forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #investment #entrepreneur #investing #binaryoptions #fx #invest #forexmarket #forexlife #stock #success #investor #daytrader #stockmarket #forexsignal #bhfyp #trade #wallstreet #daytrading #financialfreedom #forexprofit #finance #motivation #millionaire #wealth #forexeducation #gold #forextrade #makemoney #profit #luxury #USDCHF #forexanalysis #technicalanalysis #forexmentor #cash #pips #makemoneyonline #broker #lifestyle #forexsignals #forexprofit #forexmoney #forexsignalservice #money #trader #tradingforex #forextraining #investing #forexgroup
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USDCHF BUY OPPORTUNITYBUY LIMIT ENTRY : 0.91500
TP1: 0.92100
TP2: 0.92800
TP2: 0.93500
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EUR/GBP Set for Bear MoveEUR/GBP Set for Bear Move after Brexit negotiation lock finally broke . EU gives green light for secret Brexit negotiations on PM's Boris Johnson's plan.
This saw GBP -The Pound Skyrocket to mars amidst a long awaited move anticipated by bullish Sterling Traders.
The momentum sees possible price moves towards the awaited 0.84
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