EURCAD / H1 / Daily Forex Technical Analysis / 9.9.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is September 9th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Looking at the 1 hour time we are now looking for price action to pullback into it's previous area of resistance at the 1.458 area. If price action continues on with its bearish sentiment and doesn't reach its previous area of resistance, this set up will be invalidated. But if price action does start to pullback into it's previous area of resistance we will be looking for a short with profitable conditions. If price action pulls back here, a Short entry near the 1.45929 area with a Stop Loss near the 1.46195 region, and target our profit level area of 1.45100 to possibly ensure a profitable 3.12 to 1 R/R.
H1
CADJPY / H1 / Daily Forex Technical Analysis / 9.6.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is September 6th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen. Looking at the 1 hour time frame we can see price action has attempted to reach its previous highs near the 81.1 region, but failed to make a higher high. We will be looking for an opportunity to find a short with optimal conditions to benefit from. Entry for a Short position near the 80.767 area, with a Stop Loss near the 81.072 region, to possibly ensure a profitable trade with a 1.71 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
H1 XAU/USD + Gap analysis+potential positions in the first hoursOn the market open and if the level 1527.00 (Potental pos #1 being a sell limit order) is respected i expect a sharp reversal to 1522.8 if breached due to normal fluctuation or gapping
Potential Pos #2 must be ignored unless there's a candle that surpasses the 1527 level and closes above it and then the buy limit should be opened if respected i expect gold to goto 1532.4 (i always prioritise slightly early exits with intent to avoid major mid and big figures can that may interfere with the position)
risk to reward ratios 2.6 to 3.25
AUDUSD - Next Pullback at trendlineHi Traders!
The market was moving under the (dotted) trendline. Then it breaked out bullish
until it reached the 4-hour trendline resistance. Now we can see the weakness of price action
and low volatility.
We recommend to sell the pullback backwards to the recent trendline and sell with a risk-to-reward ratio of 1 to 4.5!
Thanks and good luck :)!
EURAUD / H1 / Daily Forex Technical Analysis / 9.3.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is September 3rd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to continue with its current bearish sentiment and reach a lower area of support near the 1.615 area. Entry for a Short position near the 1.62874 area, with a Stop Loss near the 1.63470 zone, with a target profit level area of 1.61590 to possibly ensure a profitable trade with a 2.15 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURJPY / H1 / Daily Forex Technical Analysis / 8.29.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 29th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the 1 hour time we are now looking for price action to make another lower high as it's losing a lot of momentum at this previous area of resistance at the 117.78 area. If price action doesn't flip bullish here by regaining support above the 118.0 region we will be looking for an entry short with profitable conditions. Entry for a Short position near the 117.784 area, with a Stop Loss near the area of 118.007, and a target profit level area of 117.326 to possibly ensure a profitable trade with a 2.01 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
GBPAUD - Catching an early downtrend?Setup: Potential start of an hourly downtrend. Hourly downtrend line is being tested at its the third point coinciding with the 50% Fibonacci level, stepping down from the 61.8% level. We enter at the current level with a SL slightly below the 61.8% level and a TP of the 78.6% Fibonacci expansion level.
NZDCHF / H1 / Daily Forex Technical Analysis / 8.28.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 28th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the 1 hour time frame price action is currently making its way to a previous area of support near the .620 area. If price action can hold this region and not breakdown under the .620 area we will be looking for an optimal entry long. Entry for a Long position near the .62060 area, with a Stop Loss near the area of .61862, with a target profit level area of .62636 to possibly ensure a profitable trade with a 2.91 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
GBPAUD / H1 / Daily Forex Technical Analysis / 8.27.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 27th, 2019 and we will be taking a look at the British Pound against the Australian Dollar. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.81 region. If price action can hold at this level and not flip bullish by regaining this area as support we will look for an entry short. Entry for a Short position near the 1.81755 area, with a Stop Loss near the 1.82425 region, and a target profit level area of 1.80004 to possibly ensure a profitable trade with a 2.61 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
AUDCAD / H1 / Daily Forex Technical Analysis / 8.22.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 22nd, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to hold at this current .897 support and resistance area. If price action can hold this support area we will be looking for an entry long with optimal conditions. Entry for a Long position near the .89774 area, with a Stop Loss near the .89606, and a target profit level area of .90465 to possibly ensure a profitable trade with a 4.11 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
USDCAD / H1 / Daily Forex Technical Analysis / 8.21.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 21st, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to hold at this current 1.328 support and resistance area. If price action can hold this support area we will be looking for an entry long with optimal conditions. Entry for a Long position near the 1.32861 area, with a Stop Loss near the 1.32705 zone, and a profit target level area of 1.33362 to possibly ensure a profitable trade with a 3.21 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
USDCHF / H1 / Daily Forex Technical Analysis / 8.20.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 20th, 2019 and we will be taking a look at the United States Dollar against the Swiss Franc. Looking at the 1 hour time frame price action is currently making its way to a previous area of resistance and support at the .983 area. If Price action reaches these levels and fails to find a bullish continuation to the upside, we will be looking for an entry short with profitable conditions. Entry for a Short position near the .98442 area, with a Stop Loss near the .98739 region, and a target profit level area of .97612 to possibly ensure a profitable trade with a 2.79 to 1 R/R.
USDJPY / H1 / Daily Forex Technical Analysis / 8.13.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 13th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the overall structure price action is making progress towards it previous area of support and resistance at the 105.5 region. If price action can turn bullish at this resistance area by flipping bullish and regaining the 105.5 as support, we will be looking for an opportunity to go long. Entry for a Long position near the 105.590 area, with a Stop Loss near the 105.050, and a target profit level area of 106.815 to possibly ensure a profitable trade with a 2.27 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
GBPCHF / H1 / Daily Forex Technical Analysis / 8.12.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 12th, 2019 and we will be taking a look at the British Pound against the Swiss Franc. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.79 region. If price action can hold at this level and not flip bullish by regaining this area as support we will look for an entry short. Entry for a Short position near the 1.7897 area, with a Stop Loss near the 1.18361 region, and a target level area of 1.17003 to possibly ensure a profitable trade with a 1.93 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
NZDUSD / H1 / Daily Forex Technical Analysis / 8.8.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 8th, 2019 and we will be taking a look at the New Zealand Dollar against the United States Dollar. Looking at the 1 hour time frame we are looking for price action to reach its last area of resistance near the .649 area. If price action can reach this level of resistance and not switch bullish to regain support we will look for an optimal entry short! Entry for a Short position near the .65062 area, with a Stop Loss near the .65495, and a target profit level area of .64081 to possibly ensure a profitable trade with a 2.27 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURUSD / H1 / Daily Forex Technical Analysis / 8.6.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 6th, 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 1 hour time frame, price action is currently coming off a bullish run towards the 1.119 support and resistance area. We are looking for a healthy pullback to retest its previous area of support at the 1.111 region. If price action can hold this area and regain some bullish momentum, we will be looking for an opportunity for an entry long. Entry for a Long position near the 1.11404 area, with a Stop Loss near the 1.11130 region, and a target level area of 1.12092 to possibly ensure profitable trade conditions with a 2.51 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
AUDUSD / H1 / Daily Forex Technical Analysis / 8.1.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 1st, 2019 and we will be taking a look at the Australian Dollar against the United States Dollar. We are currently looking at the 1 hour time frame and are looking for price action to retest it previous area of resistance at the .687 area. If price action cannot regain control above the .687 resistance area we will be looking for an entry short! Entry for a Short position near the .68749 area, with a Stop Loss near the .68962 region, and a profit level area of .68324 to possibly ensure a profitable trade with a 2 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
AUDCHF / H1 / Daily Forex Technical Analysis / 7.25.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is July 25th, 2019 and we will be taking a look at the Australian Dollar against the Swiss Franc. We are currently looking at the 1 hour time frame and price action is currently coming up on the .685 support area. If price action can hold can find some kind of bullish momentum to the upside we will be looking for a trade long. Entry for a Long position near the .68566 area, with a Stop Loss near the .68431, and a target profit level area of .68819 for what can be a profitable trade with a 1.87 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Kama Trading System v1.2 updateThe short trade of the previous update has been closed at even without losses, another short trade closed right now at profit.
The exit logic is simple, in case of a short trade the exit point is the perforation of the first support area, in a long trade at the breakout
of the first resistance zone. Same for the entry, when price crosses above the support level there is a buy, instead with a cross below the resistance zone there is a short sell.
In a couple of weeks, if it'll continue to perform well, i'll publish it.