NZDUSD SHORT IDEAPossible continuation of Bearish Movement upon retest of the previous higher low. R:R is 1:5 and 1:11...
Best of Luck
Ilovetrading
NZDUSD Short 1HRNZDUSD broke short at point A bursting through the support. The price action has now come back up to test that previous support as a new resistance level (Point B).
Once this breaks back through, this will be a good entry short placing your stop where indicated on the drawing.
There will be no take profit on this one but we will keep moving our stop to lock in profit until the trend reverses and stops us out in profit.
Remember you original stop should not lose you more than 1-2% of you account.
Happy trading. The Trading Box.
GBPUSD Chart Analysis - 8-22-2020 GBPUSD CHART: DAILY NOTES:
* DAILY:
- Price has had a 100% retracement.
It has trended bullish since March 24, 2020.
- (Question): Who controls price movement?
- Currently consolidating at a pocket of Demand.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Rising Wedge, Ascending Channel
(GBPUSD) CHART: 4HR NOTES:
* 4HR:
- Price is consolidating at the neckline.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Double Top (Reversal Pattern)
(GBPUSD) CHART: 1HR NOTES:
* 1HR:
- Price is consolidating at demand zone.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Double Top
KEY EVENT: Election November 3, 2020
Long OpportunityIf the price action closes as a en
bulish signal, then engulfing bullish signal, then it's confirmation to go long.
Gold is losing its worthBearish Pennant after Downtrend
Bullish Breakout occurred so that previous sellers in the continuation pattern get liquidated
The bulls got depleted after reaching 50% Fib, Gold could start moving in its intended direction once more!
With a downtrend market structure, I'd say that the price should surpass the previous low, so that's where my T/P is
It's 6 R/R trade, with S/L at 1975.341 and T/P at 1865.2
WAITING FOR RETEST!!!! AUDUSD 4HR (falling wedge)at this point of time i m waiting for the restest ... the pattern you seee up here is the clear fallling wedge .. waiting.. going long with the confirmation candle..the breakout is as you can see in the ecliplse..
correct me if i m wrong..
thanks keep smiling though
EURJPY LONG OPPURTUNITYThe EURJPY pair has been in a bullish uptrend on the H1, H4 and daily, a pull back to the blue zone would give a nice oppurtunity to go long and exit at a strong resistance level
NZDJPY IDEA FOR TOMORROWThis setup seems good to me. This is the kind of trade I like to take, one where price is respecting support and resistance along with it's trendline, aswell as counter trend line.
Also price action is looking good on this 4h timeframe.
Price also travelling above EMA.
I will most likely take this trade if nothing changes and of course if it doesn't make it's move overnight.
Trade idea#CADCHF
since #cadchf left the ascending channel, nothing good is happening. the pair greatly fixed below the horizontal resistance zone, so taking a short. stop-loss is above the resistance zone.
GBPAUD LONG IDEAPrice just made a double bottom at key level, 1.78653, are are now in an uptrend and i am expecting price to reach key level 1.84553 after the recent retest.
GBPUSD 1Dlong term GU. After failing to make an HH and instead break HL then make LL, the retace area has reached level 50 fibo from the last LW swing. it is likely that the market short GU is looking to the last LL swing level.
USDCHF TF 1HIn the USDCHF pair, the 1D time frame is changing bullish because it has engulfed the LH. Move to the 1H time frame to find a long position pullback with the upper LH target.
Add #INFOSYS in your Watch listLook at Infosys Daily chart. It looks beautiful on TA. Recently it broke the resistance level, but again its trading under those levels. Also the short term trendline is supporting the stock. Once it breaks the short term trendline, it can rally further downside. Need to closely watch the stock.
0% luck, and 100% SKill are required to become a good trader. You need to need get a proper trading plan.
Few Takeways to become a good trader:
1. Never risk more than 1% of your capital
2. Before entering a trade you should know your Stoploss levels and Exit levels.
3. Dont be Greedy.
4. Trade in stock market like a business and not like gambling.
5. Train your mind to become a trader. Risk only that much which doesnt effects your daily life
EURUSD 1DAny idea?
According to my scribbles who are just learning SND, prices are compressed sell and buy and touch the left RBD. The decision point is on the engulfing candle. It is likely that the price will drop until the start of the compression buy around SR Flip 1.0890
eurusd on long biasso long as price stays between 1.1195 support level and 1.1383 temporaly top,price may consolidate,so long it is ib long bias we can see price breaks at 1.1383 and our target will be 1.1450. the price will shift to short bias if and only if it breaks the 1.1195.
Forecast EURUSD 8/06/2020Trend of 1W touched downtrend trendline. there is a possibility of a bearish market. Look at the TF below to see if LL is broken. TF 1D has not seen a pattern. TF 4H pattern already visible HL-HH-HL. Wait until HL breaks to form LL and LH. Look at the lower tf again to see deeper patterns. In TF 1H it has been seen forming LL and LH. Wait for retrace to take short.
EURUSD - End Of Bullish Run?Price has broken prev. 1D MS High with the current bullish move to a new MS high, suggesting a possible turn around to the downside at least for the short term as bulls can't run forever. I would expect price to push upwards into the LP on the 1H and collect some liquidity before falling possibly all the way down to break current H4 MS Low.
AUDNZD | TF: Daily | BearishPotential triple top followed with a rejection, due to a formation of a head and shoulders pattern. the left shoulder seems to have taken shape, as well as the head (or first peak of the double top).
Forecast EURGBPWill the EURGBP pair form a head and shoulder pattern?
Seeing the formation of the left shoulder and head, just waiting for the formation of the right shoulder
Forecast AUDUSD TF 4HAUDUSD 4H time frame pair position is currently bullish and has touched the bearish time frame 1D trendline area. Seeing the candle pattern that appears is the ascending triangle, then the possibility of AUDUSD will break the trendline and continue bullish then retrace
