#EURUSD 16 04 2021#EURUSD 16 04 2021
I would like to remind you that yesterday we expected the price to fall from the 1.199 resistance zone and as you can see today the price really reversed from this resistance and showed a slight fall. After the price showed a strong increase from the 1.170 support zone, where the level, the lines of 2019 and 2007, and the turn line of January 2021 intersect, the price broke through the channel line 1.189. Then it fixed on it and rose to the resistance line 1.199. This line has been on the chart since February 2019. Now I expect the price to reverse and fall back to the 1.176 support line. This will be our goal.
Fxsignal
** 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
#AUDUSD 26 03 2021#AUDUSD 26 03 2021 The first line is the border of a small descending channel, which was formed in December 2020. The second one appeared in May 2020. And the last one is the oldest, the first touch of which happened in September 2019! Despite the fact that after the false breakdown of the 0.777 resistance line that took place last week, the price dropped dramatically, I am sure that it will stop in this zone. I expect that from the 0.757 support zone the price will start a new rise and eventually come to the 0.775 resistance line.
GBPCAD - DAY TRADE VIEWGBPCAD - On hourly candles & chart it's approaching a stiff resistance zone , it should drag down
Go sell only below 1.73330
Maintain stop loss around 1.73900
Potential downside target 1.72650 - 1.72100
Trade as per your risk appetite, I will be glad to see your likes & comment.
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EURUSD Sell Signal EntriesLet's keep this simple. :) Rule 1: Look left.
Sell entries at backside of broken up trend line and at resistance (past support). Sell down to support leel @ 1.2050 or 1.1900.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%
EURCHF: Long EntryRight now for the EURCHF pair, I think that the resistance trendline have been broken and it is starting to garnish some support levels. I think it is due for an even higher wedge compared to the recent positive retracement. It still has a bit to go, but right now I feel the entry is decent. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
GBPCHF - Buying dips towards the lower end of the channel GBPCHF is Bullish - We look to Buy at 1.1780
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1.1776 from 1.1732 to 1.1937.
▪️ Bespoke support is located at 1.1780.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1780, resulting in improved risk/reward.
Stop: 1.1745
Target1: 1.1915
Target2: 1.1935
EURNZD - Inverse head and shoulders forming? EURNZD is Bullish - We look to Buy at 1.7420
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7420.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 61.8% Fibonacci pullback level of 1.7361 from 1.7653 to 1.7190.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7420, resulting in improved risk/reward.
Stop: 1.7375
Target1: 1.7650
Target2: 1.7750
EURAUD - Selling rallies to the 61.8% Retracement EURAUD is Bearish - We look to Sell at 1.6500
▪️ Short term bias is mildly bearish.
▪️ Bespoke resistance is located at 1.6500.
▪️ We have a 61.8% Fibonacci pullback level of 1.6489 from 1.6771 to 1.6032.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6500, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.6560
Target1: 1.6115
Target2: 1.6000
USDCHF | Another successful trade?After the EURCHF analysis, it was the turn of the USDCHF.
In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation.
We now have a breakthrough and we expect the price to continue in the direction of this breakthrough.
Yesterday we also saw a correction of the last decline, so we can expect the movement to continue.
Support levels:
0.9554
0.9497
0.9405
If you find this useful - give us a like!
If you have the same or different vision for the future movement - comment!
EURAUD - Potential double top forming EURAUD is Bearish - We look to Sell at 1.6673
▪️ Short term bias is mildly bearish.
▪️ Bespoke resistance is located at 1.6673.
▪️ We have a 78.6% Fibonacci pullback level of 1.6700 from 1.6763 to 1.6469.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6673, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.6724
Target1: 1.6455
Target2: 1.6400
USDCHF - Selling rallies within the channel USDCHF is Bearish - We look to Sell at 0.9700
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action looks to be forming a top.
▪️ Trading within a Bearish Channel formation.
▪️ Bespoke resistance is located at 0.9701.
▪️ Further downside is expected although we prefer to sell into rallies close to the 0.9700 level.
▪️ Expect trading to remain mixed and volatile.
Stop: 0.9720
Target1: 0.9640
Target2: 0.9618
NZDJPY - Selling the top of the range NZDJPY is Bearish - We look to Sell at 66.08
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 66.25
Target1: 65.00
Target2: 64.50
EURNZD - Price action bottoming out in the short term? EURNZD is Bullish - We look to Buy at 1.7865
▪️ Continued downward momentum from 1.8263 resulted in the pair posting net daily losses yesterday.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ We have a 61.8% Fibonacci pullback level of 1.7854 from 1.7601 to 1.8263.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7865, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.7795
Target1: 1.8140
Target2: 1.8255
NZDJPY - Limited upside within the bearish channel NZDJPY is Bearish - We look to Sell at 65.40
▪️ Trading within a Bearish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 65.29 from 65.79 to 63.46.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.40, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 65.85
Target1: 63.95
Target2: 63.50
GBPJPY - Limited upside expected. GBPJPY is Bearish - We look to Sell at 130.55
▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30.
▪️ The medium term bias remains bearish.
▪️ Bespoke resistance is located at 130.55.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 130.85
Target1: 129.30
Target2: 129.00
EURCHF - Selling rallies within the triangle EURCHF is Bearish - We look to Sell at 1.0522
▪️ Price continues to trade within the triangle formation.
▪️ The continuation pattern should target levels between 1.0485 & 1.0500.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.0522, which will confirm the bearish sentiment.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.0533
Target1: 1.0485
Target2: 1.0475
AUDJPY - Potential top pattern forming. AUDJPY is Bearish - We look to Sell at 69.80
▪️ Bespoke resistance is located at 69.80.
▪️ The medium term bias remains bearish.
▪️ Negative overnight flows lead to an expectation of a weak open this morning.
▪️ Although the anticipated move lower is corrective, it does offer ample risk/reward today.
▪️ Expect trading to remain mixed and volatile.
Stop: 70.10
Target1: 68.80
Target2: 68.34
GBPJPY - Selling rallies GBPJPY is Bearish - We look to Sell at 133.80
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ We have a 61.8% Fibonacci pullback level of 133.62 from 135.45 to 130.66.
▪️ Bespoke resistance is located at 133.80.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 133.80, resulting in improved risk/reward.
Stop: 134.30
Target1: 131.05
Target2: 130.70
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85
▪️ Short term momentum is bullish.
▪️ Bespoke support is located at 64.82.
▪️ The trend of higher lows is located at 64.82.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward.
Stop: 64.65
Target1: 65.70
Target2: 66.00