Forextradingzones
Usd/Jpy Long Idea So this pair i have had my eye on it all week. Touching Monday London session, we seemed to be in a downward channel which we evidently broke out of due to an increase in buying pressure. Having a bullish overall trend on this pair on the weekly timeframe i deemed it to only be accessible to buys for the moment, so this is a perfect opportunity to have a set order at the current price I have it at. Looking down the 4hr, a point of previous support and a new resistance has been formed, which is clearly visible, so price action itself is looking clean and healthy, which enticed me to look for further confluences to pin point a entry. Drawing the Fiboncci tool from the last bearish candle push to the recent high, we mark our entry just at the 61.8 level, which is perfect in my opinion. Secondly, we saw the ATR is just below our entry point by 3 pips, which gives a strong indication that we won't over extend to the downside. My stop loss is placed just underneath a 1hr High low as if we were to see a break of that level i would deem the trade to be invalid. Take Profit is at a weekly resistance, but you know what they say, the more you hit something, the likely hood of it breaking, so if we do reach our target i would be looking for longs again to support the overall trend.
GBPJPYhere's my analysis for GJ
we could see it respect the trendline, and follow the market structure
Looking for a nice long on USDCHFThe marKet seems like it tapped into a nice demand zone and could possibly push higher for the next 2 trading sessions.
We'll see how it plays out.
Descending TriangleEntry Signal
An entry signal is given when the price breaks out of the descending triangle to the downside. This should occur about 66% into the triangle. If the price breakout occurs near the apex of the triangle, it is not valid entry signal as these breakouts tend to lack momentum and have a higher tendency to fail.
wait for more confluence
** AUDUSD ** long trade currently open, lets see how plays out..Evening all, seeing some great results from this weeks strategy forward testing.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
BEARS EYEING AUDUSDPRICE HAS PLAYED A NICE HEAD AND SHOULDER FOR US AND LOOKING TO FALL SOME MORE!! USE PROPER RISK MANAGEMENT
USDJPY LONGPrice has been trending in a descending channel. Looking for a reversal from this area. Use proper risk management.
USDCHF Shorts Loading... (LOTS OF CONFLUENCES)We have a clean downtrend structure, clean liquid break of the previous support with super strong bearish candles. Possible retest on the resistance which also falls in line with a super precise trend line retest and 61.8 fibonacci level re-test.
GBPNZDTREND LINE BREAKOUT
BREAKER BLOCK TESTED
LOWER LOW FORMED AND NEW LOWER HIGH RESPECTED
HEAD AND SHOULDER PATTERN FORMING
GBOUSD Breaks trend to target previous highs- Divergence on the MACD
- Break of short to medium downtrend
- Overriding uptrend
- Bearish USD bias
- Bullish GBP bias
Dollar/Yen Long Position | +27.6 pipsLong position on (EURUSD) +27 pips.
Clean and simple trade setup taken earlier today, price formed intra hour support starting at 1.19506 and second bounce at 1.19590, our 3rd bounce happened with our intra hour resistance trend-line meet up, as you can see we have two trend-lines ( Support & Resistance ) red and green blocks have been added to show this better, red (Resistance) and green (Support) our resistance trend-line started at 1.19387 and 2nd bounce at 1.19712 - we then failed to hold below this level and found a break and closure above, our closure above set at 1.19884 and then we corrected back down to re test the support trend-line and previous resistance trend-line that's now new support, we also tapped into the 61.80% fibonacci correction tool, 4+ confirmations, stops were set below the 61.80% at 3 pips and target into previous highs for +27 pips | If you have any questions on this then please comment and I'll reply as soon as I see the Q | I will appreciate a thumbs up :)
NASDAQ IS ABOUT TO MAKE A 50/50 JUMPNasdaq has been stuck in a range. if it breaks resistance 13855.00 it'll push higher to create new highs at 14000.00. whilst on the bearish side if price breaks the counter trend line. it'll head towards the next level of support 13666.00 to 13530.00
GBPUSD SHORTFX:GBPUSD
SELL WITH PB THE ZONE AND SEE SIGNAL BAR AND ENTRY BAR AND SETUP 1RISK/+2REWAR D
gbpaud 4hwe will enter the market when it will come on our way..........always follow your risk management
nzdusd dailywe have a great time to trade on the nzdusd. after the breakout, the strong channel market already tests the bounce zone. so now we can enter the market with our risk management
eurjpy 4heurjpy at the nice zone. but we need to wait for a breakout and retest this level. again it might be a bounce from this level
