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BluetonaFX - AUDUSD 1H Trading IdeaHi Traders! We currently have a double top formation which we must break through if we are to have a possible Bullish push, there is Resistance at 0.66392 and must break and close through this level to see Bullish momentum. If we break through and close, the target is 0.66787. Risk to reward opportunities are excellent here as we are near the Support which presents a lower amount of risk with possibility for a large amount to the upside. Please remember to follow, like and comment, there will be plenty more to come from us over the next few weeks - your support is greatly appreciated! BluetonaFX
by BluetonaFX
GBPUSD CHART IDEAHey Traders, Introducing BluetonaFX A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders were first able to trade currency pairs on their own computers. We specialise in trading a select range of currency pairs, silver and crude oil. Our decision to move from the private space to a public platform via TradingView was in part driven by the countless stories we heard about retail traders being chopped up by the markets due to the lack of real professional guidance on how to trade and committed analysis of the markets on online platforms popular with retail traders. We will gradually introduce our ethos, trading style and methodologies over the next few weeks. Please review our 1H chart idea for GBPUSD. Price is currently ranging between two structures and failed to break out of the resistance structure which is being respected inline with the EMA6 trendline tuned for this currency pair. We are likely to see a support test below before a reaction. Please like, comment and follow to support us and rest assured we will start sharing some great ideas in the coming weeks. BluetonaFX
by BluetonaFX
5
** EURCAD - BUY - M15The 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. Strategy Report
Long
by AL-1-
USDTRY Trending Strong!Forex pairs have been off the radar for some time as most of the action has been in stocks. But here and there, certain forex pairs will pop up with opportunities and this is the reason that we never take our eye off the ball. You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira and has consistently been on the rise for a number of years now. In 2018 alone, we saw a sudden surge in price with a rise of 89% in just 8 months of that year. Like with most big trends, price will take a break in the form of a pullback or period of consolidation. In this case we saw price consolidate for 2 years. With consolidation zones, we always want to patiently wait for breakouts because we can expect to see a strong move in the direction of the breakout. So far, this breakout has started to trend nicely to the upside with price already up 7.3% since breaking above resistance at 7.0831. With a trend currently in play, we have to look at the next area price may move to and we can see that then 8.0000 round number is above and may act as resistance. We currently have a position in this pair and we will look to compound as long as price continues to break previous levels of resistance. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
2
Look at the ADL, Can we let the Resistance Pop? USD/MXNLots of people seem to be resisting the USDMXN as it is gaining support levels, but I think with the current sentiment, the positive support will outweigh the resistance. Is this another decent reentry in my Forex quest? Yes! I think thus far USD/MXN have been easy to trade back and forth on the basis of charting patterns. That being said, once you have decent profit turnover, it is usually a dangerous point to be a bagholder in the Forex world. Please take everything I say as opinion based basis, as always. Do your own due diligence and proceed with caution at your own risk.
Long
by gamer456148
I'm Still Holding CADCHF at this PointRight now, in terms of something I think could still garnish more support levels long term, I am holding CADCHF. Now, this has been one of my longer holds the past few weeks for a forex pair, but I'm hopeful that it does breakout lots of the bearishness it has been having recently. I have a target of it going past the $0.709 price point. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Long
by gamer456148
1
Still Holding the CAD/CHF PairRight now, lots of events are coming up in relation to the this pair that I think will be positive. Also, given the risk level vs. potential reward, I think this have been oversold and it is about to have a breakout point from past resistance. I believe as an entry point, it is still quite decent and positive retracement potential is there. That being said, please proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
Long
by gamer456148
Going in again for the Risk: USDMXN and USDTRY EntryRight now, two forex pairs that I think will have yet another real quick positive retracement curve are USDMXN and USDTRY. I am keeping a close watch on an entry for these two. I also see some positive sentiment indicating more support levels. As always, please proceed with caution. Do your own due diligence. Everything I say is solely on an opinion based basis not meant to warrant as unsolicited or actionable financial advice.
Long
by gamer456148
AUDNZD: Bullish ~ Ready for the Next SwingRight now, I am looking for a swing in which I have an entry that I will close within 5 days (as with many of my Forex trades), and I think I have found one with the AUDNZD pattern and current sentiment. I am doing an entry for this, and I see the bullish SMA showing some support w/ still some ways to go. That being said, everything I say is on an opinion based basis. Please invest at your own risk, do your own due diligence and proceed w/ caution.
Long
by gamer456148
EURNZD | Buy OpportunityHi, EURNZD has been quite a good trading pair with a high success rate. Buy criteria: 1. The trendline 2. The round number 1.68000 3. AB=CD 4. 2014 high should act as a support level 5. Fibonacci retracement Golden Ratio 62% 6. Fibonacci Extension 161% 7. Previously worked support level. 8. Possible RSI Divergence 9. Wait for a bullish candlestick formation around the marked light-blue area. Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
Long
by VaidoVeek
EURAUD | SellHi, We got a bearish candlestick pattern on the 4H chart called Evening Star. The rejection came from the EMAs crossing area and the old strong support area worked perfectly as a resistance. Actually, the biggest action was made on the Daily timeframe and on Friday. At the moment, the current price action just confirms Fridays bearish Engulfing close. The entire setup: 1. Daily Bearish Engulfing, it got a rejection from EMA 50&100 and 2016 worked as resistance. 2. After the Bearish Engulfing, a classical pullback which found resistance from the old support level and from EMAs - 50, 100, 200. 3. It got a rejection from them and the rejection ended with a bearish candlestick pattern on the 4H timeframe - Evening Star. 4. The Evening Star closed below the round number and basically, it is ready to go into the lower levels :) If the price starts to move inside the descending channel then the major target should stay around 1.60700 Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
Short
by VaidoVeek
1
Perfect Example On How To Utilize Strong FX pair With Weak One !There are many trading strategies out there in the world but it all does not suit us perfectly!. Therefore we end up looking for a new or revised strategy and customize it to our needs. Here i am going to explain one of the best strategy to approach the market when one FX currency has been showing bullishness both fundamentally and technically as well as sentimentally. Currently as i write, we would all wonder everyday what could be the possible strongest FX Currency showing more bullishness at the moment so we can take advantage? Well to answer this question can be hard as the trader needs to keep up and read the fundamental aspects of each FX currencies and decide what FX currency is doing the best. A few weeks ago it was the USD and now in my opinion its the GBP! If you do your reading and technical analysis well you will observe that GBP has some pretty bright future and to add to that the pair (GBPUSD) has been rising for 4 weeks in a row!. Furthermore fundamentally its a currency that is brexit driven and recent news suggests that a deal may be about wrap up by somewhere in October 2018. The GBP has been hit hard by brexit for a long time now, but the currency is largely undervalued by looking at the monthly charts of GBPUSD. Many GBP pairs are showing a lot of signs of bulishness at the moment and are poised for likely gains in the near term. So once you have established the strongest and the currency with a brighter future at the moment we can proceed to the next step. Now ask yourself logically, since i have found the strongest currency pair at the moment what currency should i pair the GBP with? Its a very important question! and as traders we would always like our trade run smoothly with least disturbance as possible and therefore pairing the GBP with the weakest currency seems to be the only logical and technical option here. So coming back to step one, what is the weakest currency pair at the moment? if you read your news and do technical analysis well it might not take you too long to figure it out. For me its the NZD! Why you ask me its the NZD? Well my answer is based on my personal analysis such as looking at the NZDUSD chart its been dropping like rocket for a long time and the fundamentals are the least favorable for this pair. Not only the trade war has hit NZD hard but also their reserve bank failing to give hints on the NZD rate hike. You may look for other currency such as the CAD, but its price is closely linked to OIL market and the volatility can make the CAD go crazy even on short terms. The USD seems to be another currency to think about, recently its showing some weakness but i see it as only temporary. The EUR is strong too at the moment and supported well fundamentally. The safehavens JPY and CHF as said are safehavens and in the event of any market turmoil they become quite volatile and change directions pretty quickly! The AUD is also quite weak at the moment but fundamentals are starting to support this pair. So the last and final crucial step would be to shortlist the most weakest fx currencies and do technical analysis to look for LONG opportunites on higher timeframes! GBPAUD does not indicate any good long term technical opportunity to enter however the GBPNZD has provided some nice set up. Look at the main chart it can be observed that the price was confined in a range for weeks and has now broken out!. I am simply waiting for the price to retrace to 38.2 fib ratio of previous swing before i decide to go LONG on this pair!. The redline represents the target which also happens to be the strong resistance on the monthly charts. The price might likely head to that level which would give us a good risk to reward ratio possibly 1:3. I hope this analysis would be helpful to all as for now and in the future too. Its a really well rounded good strategy pairing the strongest and the weaker pairs together to have a best possible scenario and reward. thank you and follow me if you like my analysis. If there are any signals pertaining to this pair i will post them.
Long
by FX618Analysis