IDEA
EURGBP | Could definitely shot higherHey Traders!
Hey everyone There is a strong hourly up-trend, while likely that won't last we are also in a nice up-trend overall on the higher timeframes, I do expect a push exhaustion pattern before we continue pushing within the bullish channel, if that breaks take profit 3. 🔥 ✅
watching for a solid break (NZDUSD)In this analysis, there is a break of htf (4h) falling wedge reversal pattern followed by a forming Head and shoulder pattern.
to ride the trend.
HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse
SETUP INVALIDATION?
Formation of bearish patterns
TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
AUDUSD | flat top squeeze break and sellHey Traders!
I believe we can double down on AUDUSD with a different entry, nice little double flat top squeeze into a recent bearish engulfing candlestick closure does look like it's going to re-test the previous bottom level, if broken it should re-test the higher timeframe support, I then expect a bounce and continuation bearish movement for further profits.
CHFJPY | BUY THIS NOW? OR WAIT?Hey Traders!
Multiple timeframe trend is bullish, also on a higher timeframe channel, recently broke past the resistance, maybe a pullback to the moving averages could be expected if more bullish pressure shows could be a better entry opportunity, but it also recently crossed an important level zone on the 4h which does suggest continuation movement to the up-side, so you could also enter straight away.
AUDUSD | LOOKING LIKE A GOOD SELLHey Traders!
The market is showing a strong bearish trend on the higher time frames, with price action surpassing the weekly MA 20. The daily charts are also indicating a downward trend, with price trending below all moving averages and headed towards breaking below MA 100. This indicates a strong possibility of a further drop, particularly given the positive initial jobless claims data for the US. We might experience some rejection of the support but the overall setup is looking favourable for further downward momentum
USDCAD | BUY THIS PAIR NOW?Hello Traders!
Hey everyone Initial jobless claims came out positive for the US dollar, we should see a continuation push towards the upside inside the bullish channel, we are covering the two moving averages and are in favourable position to re-test top, potentially even break into a new high for further profit. This trade becomes ideal if we get a 4h bullish engulfing candlestick in the next 25 minutes. 😎❤️
AUDNZD | I BELIEVE IT COULD BE A GOOD SHORTHey Traders!
This pair shows strong bearish market moves. On the weekly chart, the price is moving between the MAs, and it has broken out of the daily channel. On the 4-hour time frame, we can see that the price formed a bearish engulfing candlestick and broke past all of the moving averages, including MA 200. This is a great confirmation from a higher time frame that the price could continue to fall. Now, we have a possible HTF re-test zone that is approximately 35 and 40 pips away. At night, however, we will get news regarding AUD GDP, which will definitely affect our trade.
USDCAD | SHOULD CONTINUE TO GO UP! Hey Traders!
I believe we have a good shot for some more bullish pressure, we are still in this bullish channel, CAD GDP came out with negative numbers we should see CAD losing strength, against dollar. We haven't broken yet the 1h 50 moving average if we do this trade becomes from good to great, otherwise, a stronger pullback could happen 🔥 ✅
AUDCHF | DOES LOOK LIKE IT COULD BE A GOOD SELLHey Traders!
🔻Potential SELL setup for: AUDCHF
👨💻 Technical: Strong channel down, bearish engulfing candlestick developed and making new lows, does suggest further continuation of bearish pressure.
🎯 For an ideal entry: You could risk and enter now, or ideally wait for a pullback back to the moving averages and look to enter there, giving you a great risk reward, however GDP for AUD late at night so be careful.
Market Bias & Top Stock Watches - 2/28/2023 - NeutralBias: In a range between 396 and 402, leaning bearish.
Top Watches: Long - GOGL, HIMS, ZM, VTNR. Short - OLPX, KDP, DISH, TGTX.
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
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USDCAD | BUY AFTER IT PULLSBACK FOR CONTINUATIONHello Traders!
🔻Potential BUY setup for: USDCAD
👨💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels.
🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls coming back to the market whether with a bullish hammer or engulfing candlestick, after the pullback it would be a good risk reward.
EURUSD | WAIT FOR PULLBACK THEN LOOK TO ENTER SHORTHello Traders!
🔻Potential SELL setup for: EURUSD
👨💻 Technical: Okay so a pullback is definitely happening, however it could bounce off the 20 moving average rather then top of the channel, so it touches MA you could look for entry if you get a candlestick confirmation.
🎯 For an ideal entry: I still believe the ideal entry would be somewhere in between two moving averages maybe even the top of 50, that would have a strong resistance level, and would give best risk reward.