Freesignals
TRADE OF THE WEEK | Classic Key Level Trade 💰
Hey traders,
This week's market opening was crazy on GBPUSD.
The market was falling like crazy.
I was patiently waiting for a test of 1985's low - the all times low to buy the market from that.
Once it was reached, the market was rejected nicely. Then buyers started to push heavily and the pair managed to recover more than 6% of its value.
Indeed, key levels do work and here on GBPUSD we see a perfect example of that.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.05663
TP: 1.02108
SL: 1.08631
Bias: Short
Today we do not see any promise of significant price movement. The current price context reveals some mediocre buying and selling opportunities across various instruments. Our goal is to go for our plotted projections while trading respective currency pairs. The most important thing is money management . If we can properly handle the position ,any bias can be turned into positive outcome. Our projection is guided by short and long term technical and fundamental analysis.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4319
TP: 0.4539
SL: 0.4156
Bias: Long
The price trajectory that we see today has no new paradigm for strong bullish or bearish momentum creation. Our goal is to look for trading opportunities from the inconsistency of the price loops that dictate the current crypto market.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4593
TP: 0.4845
SL: 0.4376
Bias: Long
The oscillation of price levels between support and resistance signify a weaker price action set up. The major bias for this pair is long and we strongly believe that the weakness that is seen recently in different crypto pairs will result in a long drive . We can anticipate long opportunities in a narrow range from the current price context.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.07962
TP: 1.05393
SL: 1.10451
Bias: Short
The current price action that we see from this instrument is showing a selling bias. The macro and micro trends and their studies have shown that the pair has a deep inclination for trending downward if we consider the recent price context. Our studies of different time frames and different types of support and resistance studies also signify a major inclination towards selling side. That is why we have decided to choose our current set up.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4405
TP: 0.4173
SL: 0.4578
Bias: Short
The price movement of different crypto pairs has a common trend. The weakness of the price trend or low volatility is resulting into neutral decisions . However, in some cases we can anticipate short or long opportunities which may be subject to upcoming volatility and trend power.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.08355
TP: 1.05201
SL: 1.10157
Bias: Short
The strength of dollar is remarkable . The stand of dollar against all other currencies is already established as a major driver of price difference. If we consider the current price context, the dollar related pairs will drop significantly as opposed to the strength of dollar. The most critical bias factor for price patterns in different pairs is the strength or position of dollar itself.
⚫️USOIL remains bearish. Looking for continuation.⚫️
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
EURJPY TO CONTINUE DROPPING?Pair: EURJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of broken support
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Key Takeaway: Seen a very drastic break of trend channel last week that we were fortunate to catch a trade on :) we have now broken vital support and we are currently in the re-test phase. If price continues to drop like this a short trade is in order
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Level needed: need a close by —
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Trade: SHORT
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
TRADE OF THE WEEK | Classic Breakout Trading 💰
Hey traders,
This week, EURUSD broke and closed below a key horizontal structure support on a daily.
After the breakout, a bearish continuation was expected.
I was patiently waiting for a retest of a broken structure.
My confirmation was a double top formation on 1H time frame.
Short position was opened on a retest.
Great winner and nice trade!
Did you catch it?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️