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CADCHF: Structure Trading With Confirmation 🇨🇦🇨🇭 Hey traders, CADCHF is trading on a strong key level. 0.736 - 0.738 is major historical resistance. The price formed a peculiar dodji candle on that on a daily. On hourly time frame, we see a local consolidation & indecision within a narrow horizontal trading range. Our confirmation to short will be its bearish breakout (hourly candle close below its support). Selling on a retest we can catch a nice pullback trade. Goals: 0.7335/0.7305 In case of a bullish breakout of the range though, bullish continuation will be expected and our selling setup will become invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
9
EURCAD: Two Scenarios Explained 🇪🇺🇨🇦 EURCAD is trading within a narrow consolidation area since the end of July. Approaching its support, I see two potential scenarios for the pair: Bearish In case of a bearish breakout & daily candle close below the underlined horizontal support, bearish continuation will be expected to 1.47 level Bullish To catch a pullback from the underlined support, on focus is a falling channel on 1H chart. Bullish breakout of its resistance will be your trigger to buy. Goal will be 1.483 Wait for a trigger and follow the market! ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
12
EURUSD: Structure Trading. Your Confirmation to Buy🇪🇺🇺🇸 As many other EUR pairs, EURUSD is standing on strong horizontal support. To catch a pullback from the underlined area, watch a potential inverted h&s pattern on 1H. 1.1767 is its neckline. Wait for its bullish breakout (1h candle close above) as a signal to buy. First goal will be 1.18 In case of a bearish violation of the yellow zone, setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
24
USDNOK Found Support at 8.7 and Long Target at 8.9Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross USDNOK appears to have found support around the 8.7 price level, as the countertrend move in the currency appears to have ended. This produces an opportunity to go long USDNOK with initial resistance observed around 8.9, which can be an initial target for the fx cross. Technical Indicators The premise is based on the RSI emerging from oversold levels and currently near the 50 level at the time of publishing. Also, there is a positive crossover on the KST. Despite the fx cross being below its medium-term MA (75-SMA), USDNOK is above its fractal MA and testing its short-term MA (25-SMA). Recommendation The recommendation will be to go long at market. Stop loss will be set around the 8.7 price level and a target of 8.9. This produces a risk-reward ratio of 1.3. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDNOK.
Long
by Ceddy86
NZDUSD: Breakout & Bullish Continuation 🇳🇿🇺🇸 During today's morning live stream with my students we discussed NZDUSD. The pair is trading in a bullish trend since the middle of July. After a recent retracement from 0.709 level, the price formed a horizontal decision range. This morning its resistance was broken. Now I expect a retest of a current local high - 0.7083 and then a continuation to 0.70975 ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
27
EURCHF: Update & Intraday Outlook 🇪🇺🇨🇭 Recently we spotted a bearish breakout of major horizontal structure support on EURCHF on a daily. Being very bearish biased I was patiently watching the price action on intraday timeframes. On 2H chart, the price is currently consolidating. The market is perfectly stuck within a horizontal trading range. To catch a bearish continuation with a confirmation, wait for a bearish breakout of a support of the range (you need a candle close below). It will be a solid trigger. Next goal will be 0.705 In case of a bullish breakout of the range, the setup will be invalid and I won't trade. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
9
CADJPY: Breakout Trade Explained 🇨🇦🇯🇵 CADJPY is testing a strong resistance area. With lower time frame analysis and fib.retracements of the last two bearish impulses I managed to identify the following potential reversal zone: 87.07 - 87.24 To catch a bearish move from that area, follow a rising wedge pattern on 1H. Its bearish breakout (at least 1H candle close below its support) will be your trigger to short the market. Initial goal will be 86.6 In case of a bullish violation of the yellow area, setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
26
GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭 GBPCHF is trading within a major falling channel on a daily. The price has recently reached its resistance line. To catch a bearish move, watch an expanding wedge pattern on 2H. While the price stays within its boundaries, the market will remain bullish. Wait for a bearish breakout of its support as a signal to short. Goals: 1.257 1.253 In case of a daily violation of a resistance line of a falling channel, setup will be invalid and bullish continuation will be expected. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
17
USDJPY Appears to be Making a Leg Lower Towards 109.7Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDJPY. Trend Analysis The main view of this trade idea is on the 1-Hour chart. After making highs of 111.679 late last week, USDJPY is 0.94% lower at the time of publishing. The FX Cross is currently in a confluence or support/resistance zone, an area where, based on market profile, it appears to be some price consolidation before an eventual breakdown. Technical Indicators USDJPY is trading below its respective short (25-SMA), medium (75-SMA) and fractal moving averages. The KST had a negative crossover on the last hourly USDJPY bar. The RSI is trading below 50 and is bouncing around oversold territory. These are all bearish signs on the hourly timeframe. Recommendation Recommendation will be to go short around the 110.6 price level with a stop loss at around 111.15. Initial profit target level will be at 109.7. This produces a risk reward ratio of 1.64.
Short
by Ceddy86
Gold - exactly as I told. Congratulations🎉7 days ago I told you that price had broken the trend line and was going down. It happened. 6% of profit for 7 days is a good result. Congratulations for everyone who was in. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:GOLD
by Yuriy_Bishko
10