IDEA
EURUSD | ENTRY NOW TO RISKY WAIT FOR PULLBACKHey Traders!
Recently EURUSD has been very bearish and we bank a significant amount of pips already, however, we are approaching a daily support zone, it also is likely to bounce of the 4h channel, I expect some bullish pressure there to push the market back up towards our moving averages. If and once that happens we can look for a selling opportunity with any bearish price action candlestick formation to confirm the trade.
Overall very bearish, just need a push exhaustion cycle before we can continue to be on the safe side and take this trade further.
GBPUSD | Quite strong support, market could have a pullback? Hello Traders!
Enter this only if the pair pulls back to the moving averages and gives you a bearish engulfing candlestick/shooting star confirmation to enter.
Otherwise, if support is broken ignore this trading idea, because it becomes invalid.
USDCAD | Looks like a pretty good BUYHello Traders!
USDCAD has recently broken a important daily trend and now gave us a bullish engulfing candlestick on the 4h timeframe.
The main risk is the pair has been very bullish recently so exhaustion is likely, maybe taking this trade on a pullback down, and making sure your stoploss covers the 2 moving averages would be better.
GBPUSD | COULD THIS BE A SELL? Hello Traders!
A recent bearish engulfing candlestick and a strong rejection with at the moment, shows that bearish pressure is still here to stay, after shaky US news data it looks like the trend direction won't likely change, which means the pair should keep a stable trend towards the downside.
CADJPY | Buying Opportunity? Hello Traders!
CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher.
Obviously you can wait for a break of resistance and a pullback which would be a even more solid trading setup, however for those that are not that patient, can enter now and close a portion on resistance to manage risk.
EURUSD | SELLING OPPORTUNITY? Hello Traders!
US dollar data came out, position initial claims, however GDP is negative since we have a positive & negative and the overall direction of the trade is bearish, I don't see it switching direction too much, and after the news hype, I believe it will continue to drop down to re-test previous low.
Idea - JXN, Feb 8 (short)Current trend has been stagnating for a few days; after a solid uptrend we're entering consolidation.
CLAMP indicator looks like it will turn blue in the very next session. This is technically a reversal, which my system does not trade. If entered today, the short would have a TP at $45.39, and could trend as low as 35.11 to 39.81.
Idea - EWW, Feb 13 (short)As detailed on the chart, the trend has continued for some time, however price action may go back to the downside and move in our favor. If you entered on Feb 6th with the original cross signal, you'd still be waiting for the trade to do its thing; waiting to enter now basically gave us a pullback in our favor.
Not sure I'd enter a position short here, but the setup looks interesting.
CPI data comes out in a few days, and EWW is strongly correlated to the broader US market .
Bullish on USD/CAD: Exploring the Upside PotentialHey Traders!
NEWS COMING UP SOON IN 15-30 Min so this could change and react accordingly.
👨💻 Technical: Trending toward the upside nicely, however, we have a downtrend, if we manage to break it and have a push exhaustion cycle this could be a good way to enter the trade for a good RR. You could also risk a short-term trade and trade the 20-30 pips space for potential bullish profit if it re-tests the trend.
🎯 For an ideal entry: Wait for a push exhaustion cycle to happen, and then see where we are, news coming up soon so the cycle could happen quicker than expected.
Market Bias & Top Stock Watches - 2/21/2023 - BearishBias: Bearish. Could bounce off open. Room to at least 400, maybe lower.
Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST.
Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
USOIL (CRUDE OIL) PERFECT BEARISH SETUPTVC:USOIL
HI , TRADER'S .. AS YOU CAN SEE HEAD & SHOULDER PATTERN IN 4HR TF
Price is making beautiful bearish H & S , Price is completing right shoulder and reaching Neckline
Neckline or support line is near 72.90 , once market breakout from neckline and retest it
Sell entry can execute after retest , Target will be 64.00
Trade with proper risk management
❤️Please, support my work with follow ,share and like, thank you!❤️
IDEA - Shift In Momentum In Action!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After an over-extended bearish trendline, IDEA has been trading inside a range after rejecting the round number 0.01
We have been stuck inside the accumulation between 0.01 and 0.018
🏹 For the bulls to take over, we need a Daily Candle Close above 0.018
Meanwhile, since IDEA is inside a range, we will be looking for short-term buy setups as we approach the lower bound of the range 0.01
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EU made a retracement Tuesday. Looking for Bullish movement!After Top- Down analysis i'm looking for EU to move to the upside.
This is not trading advice or a signal!
The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions.
MATIC/USDT CorrectionMatic needs correction on Binance 4h chart pattern, 10 % Correction is completed how more correction requires ? Mostly coins were 20 % correction after its peak performance, Matic has completed its 10% and 10 % Remains , if you have any idea please paste your idea in comments area.
GBPJPY weekly bias British pound to the Japanese yen is currently sandwiched in between an area of supply in an area of demand. The area of demand is the larger of the two POI's But both have an effect on the market... Coming into this week, you can see we have two large areas of liquidity, one below and one above. I believe the larger time frame is looking to go bearish. With this in mind, I would like to see a pullback to fill the fair value gap above as well as tap into the area of supply you can see highlighted.
As shown on the smaller time frame perspective, we have an area of supply and an area of demand sitting above and below the price which could affect the direction it moves in short term, My preferred move for this would be a short-term sweep of the lows with a longer term pullback to fill the fair value gap above. But as always, we will watch this in a smaller time frame to see which direction it truly wants to travel in.
I will be looking for a long to a short idea on this. Based on what we see in the first couple of sessions.
At present, our main breaks are structured to the downside, hence why I would prefer to see a longer-term down move.
EU made a retracement Friday. Looking for Bullish movement!After Top- Down analysis i'm looking for EU to move to the upside.
This is not trading advice or a signal!
The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions.
Bitcoin situation update and Trading PlanSo, in the previous idea of February 3 (I will attach), I assumed a correction in the block 21500-20800 as you can see, our scenario from this idea is perfectly implemented, for a better understanding, I strongly recommend reading this forecast and trading plan.
Now to the current situation , I am now taking the side of an aggressive buyer and getting both alt and bitcoin as I was waiting for the price to come into this range . Moving on to the technical picture - we are in a strong support block , which was previously our resistance , these are the price values of $ 21500-20800 , I believe that now there is an additional accumulation of the asset with the goals of throwing into the block 28-30 k for bitcoin . IT is IMPORTANT to keep this support block as when anchoring below , the road to the next range is open . I have shown you an approximate version of the price movement , and also noted the main levels that you need to follow . If you make a trading decision about recruiting and following my proposed trading plan , then be sure to recruit partially and from the anchors , so that the recruitment process is easy for you psychologically .
I 'll write a few more words about the viola , there are a lot of new , and most importantly , relevant setups for the viola set , so check it out - maybe look at something , I repeat , I 'm also starting to gradually dial the alt in this range , I 'm typing only the one that I gave in the channel .
In general , I briefly described my action plan , if something is unclear , then ask in the comments . Good luck in trading .