Fxtrading
EURCHF: Your Trading Plan 🇪🇺🇨🇭
EURCHF set a new higher high higher close on a daily last week.
Then the price retraced to strong horizontal structure support.
From that, I am looking for a confirmation to buy.
On 4H time frame, I spotted a double bottom formation.
I will buy the pair after the breakout of a neckline.
We need a 4H candle close above 1.0425 - 1.0445 zone to confirm the breakout.
Then a bullish continuation will be expected.
Initial target will be 1.05
If the price sets a new lower low on 4H, the setup will be invalid.
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EURCHF, EURAUD and EURCAD Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Outlook on XAUUSD: Bullish play seen On the M30 time frame, prices are holding above the ascending trend line and a pullback to the support area at 1872.15, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension presents an opportunity to play a short term bounce up to the next resistance target at 1897.44. Stochastic is approaching support as well, in line with our bullish bias.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BNB - BINANCE - Ready for a rally!! BINANCE:BNBUSD is looking for one more low down to the 365-375 area before the next leg up of this correction that will see us head back down below 300.
First we are looking for a rally into the 50-61.8% area between 500-530 followed by more selling.
A quick look at where we are with this one.
I hope this helps. Enjoy the day!!👍👍
DXY H4 - Short Signal (dollar highs)DXY H4
Bank holidays yesterday, typically lighter conditions than usual, but not sure that was the case, we saw some decent moves.
Normal volume expected today, dollar seems to be topping out as we challenge an attempt to set a new high. Lets see how this 10am H4 closes. Could be time for a dollar correction.
USDWTI H4 - Short Signal USDWTI H4
Seen a couple of short opportunities here, but nothing near as much as we would like, 1.1R and 1.3R respectively. Whilst we are trading south of $102... we are still looking for some short setups.
Really good week on this pair last week, the lower timeframes can offer great entries and high rewards.
USDCAD - TRADE CLOSED!! Next leg up??OANDA:USDCAD In this video I take a look at the USDCAD trade from yesterday and the profit objectives. Why I took profit and the next entry level.
If you like it give me a thumbs up or add your own thoughts in the comments section below.
I hopr this helps. Enjoy the day. 👍👍
USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together.
Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461.
This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5.
This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern.
Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day.
Things lining up again which means we have to place orders.
Let me know your thoughts on this set up and ideas you also have for this pair.
Enjoy the day.👍👍
GBPUSD H4 - Long Signal GBPUSD H4
This played out like poetry yesterday for us, from the 1.30 initial entry, to the break and retest of 1.30400. Perfect play with very little drawdown.
Expecting a similar move hopefully today on this 1.30700 resistance/support price. From here we have a nice 700 pip void we can look to fill.
EUR/JPY Bullish move one pull back is completeDaily: Bullish, having made a move to the upside with a vast amount of momentum. price has pulled back, consolidated and moved back to the upside. Broken structure along the way.
4H, Price has broken out of a channel to the upside, formed a new High and retraced further. price has reacted off the 50% Fib level.
1H: Looking for buy only once it break through and past the 0.236 level.
EURCHF: Update & Bearish Outlook 🇪🇺🇨🇭
This week we spotted a bearish breakout of a key level on EURCHF pair.
I was patiently waiting for a retest of the broken structure to look for shorting opportunities.
Today I finally spotted one.
The price formed a double top formation with a lower high on an hourly time frame.
Its neckline breakout confirms a coming bearish move.
Initial target - 1.01
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USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.
To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.
Goals will be 1.254 / 1.251
If the price breaks the trend line to the upside, the setup will be invalid.
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