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H1

GBPNZD shorting opportunity Price has failed to break 1.74800 for wave 3, 5, and B. Heavy consolidation during Wave 5 which was the last chance for buyers to reach higher highs, however price halted and broke the bullish Trend-Line. For B we had confluence with a retest of the broken trend-line and a retest of the supply zone. Looking to see how price reacts to the lower zone, if we get a break of the lowest Trend-line that would validate the bearish move a bit more. Ideal time to sell would be a break of the lower zone.
by CroomFX
DAX30 - SELL - H1you see the red point above: please feel free to test a SELL-order! TVC:DAX ------------------------------------------------------------ ATTENTION! This is a TEST-order. Please DON'T use it for the real trading. ################################## DiKKAT! Bu bir TEST-ANALiZ öngörüsüdür. Gercek islem girilmesi kesinlikle tavsiye edilmez! ########################################## ACHTUNG! Diese Prognose dient lediglich NUR zum testen. ##########################################
TVC:DEU40Short
by VFXtrade
At Market Cypher/Bat Pattern USDJPY H1Hey Traders ! Feels like it has been almost centuries since I have posted on TradingView. Unfortunately we haven't had that much action so there has been little to share. Right now, we have a AT MARKET cypher Pattern that we are Active on. I entered at 115.063, I will be actively managing this trade since we have news coming out in around 45 min and we are bullish on the Daily TF and failed to put in a new Lower Low in the trading timeframe. So The probabilities are definitely decreased on this one. So be cautious. But if it adds any consolation we also have a Cypher starting at the same X leg and completing at 114.765. So hopefully the force is with us. As usual, targets at the .382 and 61.8. I will not be looking for extended targets on this trade. Rolling stops as soon as target 1 gets hit. Like always if you have any questions feel free to comment below,
Short
by TheAlcoveFx
3
Flag Pattern Forming Initiated the Big Gartley's Entry depends on trader's aggressiveness, some may wait for pullback, some may instantly get in as price fall. it's better to wait the candle close below the line and get confirmation from the next candle and watch for high volume. Target: the length of the flag pole (strong structure). Extension of the target will be the target of the big Gartley's Pattern on the weekly. (if you want to wait week after week) Weekly Gartley' Pattern will be linked below.
Short
by WilliamSurya
Bullish Bat Formation EURCADHey Traders, Good morning, hope your week is started off amazing just as mine has. There isn't much on my radar this morning except for some pattern formations. Today on EURCAD we have a Bat formation coming back down to previous support. If you ask me truthfully, I think that if price comes back down, it might be coming down to break that level of support. However, this is the thing about trading that I have learned. I will never truly know exactly what the market might do, but i do know what has a probability of happening. So since I at least know that, I will play those odds. I have no idea the odds are of my speculation so I wont trade that. Makes sense right? So if price comes back down we will be looking for a long opportunity with stops below X and targets at the fib retracements. If you guys have any questions feel free to comment below
Long
by TheAlcoveFx
2
GBPJPY Longer term outlookHey Traders ! Feels like its been forever since I posted, markets have been providing me with little opportunity so there hasn't been much to post, and If I posted ever idea that I had, then this would be a signal service instead educational content. Today I want to give you guys a look at GBPJPY. So I have been following this pair for quite a bit now and its been on a strong bullish move along with EURJPY and USDJPY. The reason I never thought of a short trade was because we were not at a major level of S/R. We were in the middle of no mans land and this is something that I talked about in our latest Forex Insider View Click here to check it out on youtube. So in the video I go over how I use specific candlestick formations to give me my reason for entry ONLY when we are pressing up against major S/R and how its important to be able to identify the difference. The good thing about GBPJPY right now is that we are just starting to press up against a level of support now turned resistance, on top of that we have the 61.8 retracement in confluence with the 1.272 Inverted Extension, So now that we are pressing up, I can start looking for reasons to get in short, now keep in mind this would be a Counter trend Short without extended targets. It would only be a push down lower till we reach support and then continue onto new equity highs. Its possible you might see a double top on the daily so be careful for that as well, EURJPY just double topped and then made a move higher. Keep in mind, these are IF/THEN predictions. Meaning, I am not predicting what the market will do, I am preparing myself for whatever the market decides to do. So I will not rationalize a short just because I think it might give us some temporary relief, I will only enter IF the trade hits all the checklists. Hope this helps , Like always if you have any questions feel free to comment below !
by TheAlcoveFx
2
EURUSD STRUCTURE TradeHey Traders, So taking a quick look at EURUSD I'm keeping an eye out on a retracement, at this point I have no clue what the market will do, since we are bearish on the HTF and bullish on LTF, but like always, I keep my views objective and identify the main levels of support and resistance and see where the market is more likely to pause, reverse or continue. For EURUSD, we did break a major level of resistance on the LTF, signaling bullish momentum especially after making new lower lows. I can see all the way to my left a previous level of support where price may reverse at coming back down to support which gives us an opportunity to get long till the next resistance level. So for now, I sit on my hands and just wait. BTW when the market does come down, I won't enter aggressively, I will be looking for a conservative entry. Like always if you have any questions feel free to comment below
by TheAlcoveFx
2
USD/CAD Shorting OpportunityHey traders ! So as we wait for our EURGBP trade to unfold, There is something else on the radar that we can be taking advantage of. This is a structure trade using some simple tools to validate and confirm the trade. The trading opportunity comes from the bearish outlook on the trading timeframe, and recent bearish sentiment on the daily timeframe + the correlation of USDCAD and black crack(oil) adds it to my bearish bias, we start looking for bearish opportunities. (BTW we do this everyday inside of Forex TV our live trading room) In this one, its pretty simple, price broke levels of support, and now its coming back up to retest and resistance. We put in a 1 to 1 measured move, we have fibonacci confluence with s/r and if price is able to give a valid double top which its forming right now, we might have our candlestick entry technique to get in the trade(just waiting on that divergence from the RSI). The targets for this trade are going to be at the previous support and then we are also predicting a longer move to the downside atleast up till the 1.618 which lands right above a previous support look alllll the way left. Like always, if you have any questions feel free to comment below
Short
by TheAlcoveFx
2
Structure Trade Idea EURGBP H1 ShortHey Traders, So I have been giving you guys a bunch of patterns and every now and then its good to show you some structure trades we take inside of Forex TV . This one is simple yet it can look a little bit indimidating to the new trader so if that's how you feel, don't worry, I will go over it right now and hopefully you will get a better understanding. The first thing that is needed to understand why we are taking this trade is to take a look at this pair on the daily timeframe. We are in the middle of a longer term pullback, but in that pullback, we have a lot of bearish momentum, and this last bullish move on the H1 is a relief rally of the downward move we have been having with EURGBP. Once we understand that, we can start looking for bearish opportunities on the lower timeframes, like we have here. So now that we have our bias, the next step is to identify where is the best place for me to enter this trade. The way that I do that is by identifying the levels of major support and resistance because in the past, these had been the major decision points. In this chart, we can see the channel price stayed in before going to the upside and finally breaking down low. My goal is to see IF price can give me a reason for entry at the level of major resistance. That's the most probable place price might go, and it has higher probabilities to go down than up since we are coming up against resistance rather than support. All I have to do is wait for price to confirm and the RSI to confirm. That is how simple it is. If you like this type of trading, I would highly recommend joining Forex TV, we do this every single day. Like always if you have any questions , feel free to comment below
Short
by TheAlcoveFx
2
Structure Short Opportunity on EURCADHey Traders, I know its slightly late, however as I was scrolling through the charts, I remembered about this trade that I was keeping an eye on. This is a simple Trend Continuation trade for me, We are breaking structure to the downside, and now we got a pullback intro previous resistance which gives us a great RR. For this entry, we waited for a lower low lower close, if you have to zoom it, do it. You will see how price consolidated, even put in a small double top with RSI divergence, and then finally we got the bearish confirmation candle when it closed below those lows. Stops should be above that high, because if price passes that, that most likely I was wrong and I want to be out of the market. You can break this position up in two, and remove half your position at that level of support, and then move your stops to break even, or you can just trade one in and one out. Personally I Like securing my profits ASAP and then looking for extended targets. That Way I never leave myself exposed for too long. Anyways, Hope this trade Idea helps, Like always, if you have any questions feel free to comment below !
Short
by TheAlcoveFx