H1
BTCUSD - H1it seams price will try 36700 again and make a short time uptrend to 39000
Entry price (buy limit): 36700
Stop loss : 36350
Target : 38800
R/R : 1/6
Technical Analysis & Forecast, AUDUSD, H1, 20210113AUDUSD trend support line started from 21 Dec, 2020. This trendline act as support on 4th and 8th Jan but fail to keep trend and break down at 10th Jan.
Now this line become resistance line and giving us good risk reward trade near 0.7780. We will put stop loss just above the previous high @ 0.7802 and targeting previous support of 4th Jan Low @ 0.7645.
Entry Level : Current @ Market
Stop Loss : Previous High @ 0.7802
TP1 : Previous Support @ 0.7645
EURUSD SHORTEU has currently been moving in an ascendingchannel but has broken out an retested the trendline on the m15 chart. Ill take a short position if price closes below the lower wicks on the trendline retest. I will be targeting the bottom of the h1 trendline.
Review of yesterdays trading on H1BO. November 24, 2020+3R day, with trades on EURUSD, USDJPY, GBPJPY, EURJPY, USDCAD, Gold.
USDJPY - Trading the Pullback after Breakout - Hi Traders!
The market is in a longterm Donwtrend.
To get a short overview , let's take a look to the Daily Timeframe:
Here we can see that the market is moving in a descending Parallel Channel.
So, it is making lower Lows and lower Highs, but it then makes big Pullback.
We also marked up the two most important Levels: The Resistance at 106.000 and the Support at 103.000.
Let's move on to the H4-Timeframe:
In this screenshot we can identify this strong Trendline.
As you can see, the market fell with less and less Pullback and also slower and slower, until it reached a Level.
At this Level the market rested a time until the Trendline reached it.
Then it broke out of the Trendline bullish with high Momentum.
Because it hasn't done a decent Pullback yet, we expect the market to reach the 104.200 Level.
For the future we expect the market to reach the upper Channel Trendline, but we also have to see how it developes.
Lastly, here is the H1-Timeframe:
In this Timeframe we defined our TP and SL more accurate.
The SL is above the current High and the TP is between the 38.2% and 50.0% of the Fibonacci Retracement Levels.
We recommend to trade the market carefully, because there is still much bullish power into it.
Thanks and successful Trading :)!
GBPUSD Price movement prediction 27-10-2020Using the triple trap strategy, these are opportunities I see for this pair. As GU is above the 50 SMA in 4H and it broke the trendline - looking for buys, if the zone breaks and retest but since it is a strong zone there is a possibility that price may fall rejecting from zone and breaking the 50 SMA.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( either a channel, SNR or trendline)
XAUUSD Price movement prediction 27-10-2020Using the triple trap strategy, these are opportunities I see for this pair. As Gold broke of the triangle pattern waiting for retest to the previous resistance for buys bcz there may be a possibility to complete butterfly pattern. And if the trend continues waiting for next zone breakout and retest.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( either a channel, SNR or trendline)
XAUUSD Price movement prediction 23-10-2020Using the triple trap strategy, these are opportunities I see for this pair. Gold currently broke the 50 SMA in 4H and also it broke the zone waiting for retest and 50 SMA break in H1 for buys. If not waiting for lower zone to break and retest for sells.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
XAUUSD Price movement prediction 22-10-2020Using the triple trap strategy, these are opportunities I see for this pair. Currently Gold might be reversing since it rejected a strong zone and started falling down. waiting to see if it rejects strongly at the zone, breaks the channel and 50 SMA. If not then waiting for trendline break and retest to the zone for buys.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
XAUUSD Price movement prediction 15-10-2020Using the triple trap strategy, these are opportunities I see for this pair. gold is also at top of the channel, keeping in mind that Gold may be on the verge of forming a butterfly pattern. looking for buys if it breaks the 50 SMA and trend line and looking for sells if it broke the zone and retests.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
EURUSD Price movement prediction 15-10-2020Using the triple trap strategy, these are opportunities I see for this pair. Currently price is at top of the channel and been respecting the 4H trendline, buying opportunity- if price breaks through purple trendline and 50 SMA(need not wait for retest). Selling opportunity - if price breaks the 4H trendline and the zone and retests it.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
XAUUSD Price movement prediction 6-10-2020Using the triple trap strategy, these are opportunities I see for this pair. As Gold has neared the 50 SMA in daily we can find rejection, to the green 38.2, 61.8 lvls of CD leg of harmonic pattern. Also it has neared to top of the channel, waiting to see how price reacts.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
EURUSD Price movement prediction 12-10-2020Using the triple trap strategy, these are opportunities I see for this pair. In daily, EU broke the 50 SMA and we can see lower time frames above 50 too, so good opportunity for buys, waiting for retest to the golden zone for buys, we also have another confluence of harmonic pattern that it may retest to golden zone. if it breaks the green zone downside, and retest looking for sells.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
XAUUSD Price movement prediction 6-10-2020Using the triple trap strategy, these are possible setups of this pair. Gold broke through the channel it previously respected and is below 50 SMA, and currently pulling back expecting to see a rejection on either the previous structure support or the golden zone of fib before continuing downside.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
