GBP/CHF 2 Hour Trend Continuation Short Trade Setup I really like the look of this setup. Nice short trade for anyone who agrees with the analysis. If you want to wait for a safer entry wait for a 2 hour break & close of the counter trendline.
Forexsetup
EURNZD Gaining StrengthPrice is currently within an ascending channel pattern. After price made an impulsive bullish move from May 11 to May 16, price pulled back with a descending channel at the bottom. We are expecting an end of the pullback right at the 61.8% fib level of the bullish move and a possible reversal.
Simple support & resistanceCan I have some feedback please? I'm practicing simple support & resistance strategies where I basically wait for a solid body candle to close after the break of support as confirmation. Then entering on the next candle.
AUD/CAD - potential setup- Thoughts: waiting for AUD/CAD to come up to the 0.786 fib for short entry
- T/P: next support level - 0.90100
- S/L: above previous resistance - 0.090733
- Risk/Reward: 2.54
GLHF
Disclaimer: I am not a financial adviser; trade at your own risk
USDCHF WAITING FOR THE BIG MOVESUSDCHF
- Price is correcting inside this channel since August with a clean behaviour.
- Price is currently making a fourth touch in the supportive trendline and failing to reject impulsively (as it has happened before).
- The price is located inside of a large conciliation box which ends up indicating our last support level.
- We are looking for long entries in the 1H/2H/4H timeframes if we find a good reversal pattern.
- We would only enter in short positions if we have an impulsive break of our conciliation box. Keep in mind that a break and re-test is also valid for short positions.
For more updates join our FREE telegram - t.me
#Globalyouthtrading
GBPNZD SetupOANDA:GBPNZD
Price was in a short-term corrective phase of lower lows and lower highs - although price seems to want to pull back once again to med-term downtrending resistance due to inverse H&S Pattern.
Long term, we are in a phase of higher lows and higher highs (BULL)
Price has perfectly wicked off of H&S Support.
I will enter LONG when price breaks H&S resistance or retests.
CADJPY to watchCADJPY is currently in a correction phase of it's downward journey to support.
It is a matter of time before the downward trend continues, and I think bullish strength is weakening at support.
Will the bears prevail?
Watch.
Dont forget, only enter if price action permits.
GBPUSD to watchGBPUSD usually continue's it's overall trend after three touches of a correction.
In this instance, GBPUSD will most likely continue it's downward trend after three resistance touches in this wedge.
We are currently approaching the second touch of resistance and it is a great shorting opportunity.
Remember, only enter if price action permits.
GBPAUD Short Term SetupOANDA:GBPAUD
Ill be watching this baby closely...
Dropped back below it's resistance level.
Came back to touch the 50 fib level literally perfectly...
Lets see what price action shows us - back up or down?
Stay safe and stay smart.
Dont forget....
Trade like a C A S A A AI I I N N N O O O O O!!!!!
EURUSD Support BreakoutOANDA:EURUSD
WOOOOOOO! A N O T H E R idea.
I should really charge for this (jk)
EURUSD fresh outta support.
Close to retesting prev support as resistance.
1: Strong impulse move through support (tick) 2: Exhaustion back up to prev support (tick) 3: Price action Re->bou=>nd Confirmation (WAITING)
Remember, ONLY TRADE WITH SUFFICIENT CONFIRMATION.
S T A L K the markets so hard that the cops get suspicious.
Dont forget, trade safe, trade smart and d
T R A D e like a C A S I N OOOOO babyyyyy!!!!!!!!!!!!!! >:)
GBPNZD - Ascending WedgeOANDA:GBPNZD
BOOM! A N O T H E R setup to stalk... I should CHARGE for this!
Anyways, keep yo eyes open and if price action permits... hop in for the long!
Why?
Because med-term trend is bullish, price is close to support, 20MA and 50MA are bullish, price is in a tested wedge.
But remember one thing... ONLY ENTER IF PRICE ACTION + CURRENCY STRENGTH + ANY OTHER CONFIRMATIONS permit.
Anyways be safe, be smart, and don't forget... to
TRADE LIKE A C A S I N OOO O O O O !
USDJPY Inverse H&SOANDA:USDJPY
USDJPY at important support level + Inverse H&S. Bullish for days on this one.
Keep an eye out and don't forget...
Look into it yourself!
Good luck trading :)
Don't forget... rake in them profits like a C A S I N O >:)
GBPUSD Ascending Wedge SetupOANDA:GBPUSD
GBPUSD in a clean little ascending wedge, with long-term bearish bias and short term bullish bias - On the daily, theres some recent clean and strong bullish price action and on the weekly theres a strong bullish candle forming.
To time a better entry, make sure to get on to the lower timeframes.
Anyways guys, good luck and don't forget to trade like a casino.
USDCHF READY FOR BIG UPTREND RIDEOn Daily Chart When We Look There is Clear Head And Shoulder Pattern In OANDA:USDCHF
Trader Can Go Long on this Pair Around 1.0050-1.0000 With Exit Trade At Swing Lows of Daily Chart That Is On Right Shoulder As We can see on the chart at .9907 . We Will See 250-300 Pips Upside As Per Daily Chart That Is Around 1.0250-1.0300
I Am Long on USDCHF With Stop of .9907 and target of 1.0250-1.0300
AUDCAD Short OpportunityHey!
AUDCAD Possible Short setup:
1. Last week candle extreme bearish Engulfing
2. H&S chart pattern formation
3. FIB 50%
4. Light blue = strong support-resistance area (currently resistance)
5. Possible short-term Double TOP formation
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice day!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
USDJPY Short Setup for this Weeklooking for a pullback on USDJPY then looking for sell setups on the smaller time frame.
if price can hold the 110.000 - 110.500 area we
could possibly see downside from there.
USDCAD - 4H - Sell on Rally- Price is on big downtrend and may continue to follow for one more leg
- Sell when price retrace to the target when there is a clear price action signal at this zone
GBPAUDWatching for short around 50-61.8 fib resistance
I have entered this trade already and for those who wish to follow more I have a telegram where I post daily content
Telegram: t.me
#USDTRY D1 #BUY #LONGRisk Disclaimer: This post is not a trade signal.
Trading Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary.
POTENTIONAL BEARISH SHARK PATTERN USD/JPY ON 1H CHARTHello traders,as we look USD/JPY on 1H chart(attached below the daily analysis on USD/JPY) we can see a possible bearish shark pattern as we go reach the red zone of resistance.
We may have a better entry for better P/L ratio trade if price makes a spike with a false breakout above the trend line into the red zone where we have the D completion point.
TECHNICALLY
We can see the downtrnd 200EMA which encourages us to take the short trade.
Currently price is trying to go above the descending trend line.
Maybe it does but for a while as we have already RSI divergence and Stochastic at oversold levels.
POSSIBLE TRADE
FIRST TARGET T1 WITH 1,40 P/L RATIO AT 111,215
SECOND TARGET T2 WITH 2,10 P/L RATIO AT 110,955
BUY STOP AT 112,150
THANKS FOR SUPPORT!
HAPPY TRADING!
