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GBPUSD NEXT SESSION IDEAS (Long)Hello Snipers, im back once again with a potential setup. Today's trading session was good as i listened to my ideas for once and did not hesitate so im happy about that. Hope you all entered the trading week on a positive momentum. But anyways, lets get into the setup. So currently as we can see, the current trend on a bigger time frame is upwards, so we are going to be favoring buys over sells. In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart. If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move. Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!
Long
by fastboiijd
EURNZD | Bearish Move Sooner Than Expected? |HI, HERE IS A LITTLE UPDATE ABOUT MY LAST EUR/NZD SETUP. I THINK WE MAY SEE A BEARISH MOVE SOONER THAN I FIRST EXPECTED. MY ORIGINAL IDEA WAS THAT THE PRICE WOULD REACH THE 1.800 AREA (BY COMPLETING THE FINAL CORRECTIVE WAVE) BEFORE THE MOVE TO THE DOWNSIDE. HOWEVER, WHEN LOOKING AT IT THIS SUNDAY, I SAW THAT THE PRICE COULD HAVE ALREADY COMPLETED HIS CORRECTIVE CYCLE. WE ALSO HAVE A STOP HUNT ABOVE THE RECENT EQUAL HIGHS ( BEARISH). THE PRICE ALSO REACTED TO THE 0.618 LEVEL FROM THE OPPOSITE BEARISH WAVE. THE ONLY DOWNSIDE TO THIS SETUP IS THAT THERE is NO REAL STRUCTURE ON THE LEFT SIDE BEFORE THE 1.800 ZONE. TO PREVENT ANY UNECEASERY LOSS, I WOULD WAIT TO SEE A LOWER LOW BEING CREATED BEFORE LOOKING FOR ANY SHORT SETUP. THE SETUP AFTERWARD, WILL TRY TO CATCH THE RETRACEMENT OF THAT BEARISH IMPULSIVE WAVE.
Short
by Corbeau_FX
EURNZD | Last Impulse to the Upside|HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE). ENTRY ZONE: I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE. 1. H1 DEMAND ZONE 2. 0.618 FIBONACCI CONFLUENCE 3. 1.77500 PSYCHOLOGICAL LEVEL I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE TAKE-PROFIT: THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
Long
by Corbeau_FX
GBPUSD NEXT SESSION IDEAS (Long)Whats up you guys, sorry i havent posted in a couple days, ive been dealing with personal issues. Anyways, hope everyone who follows me enjoyed that much needed weekend. Without further a due, lets take a look at this market analysis that i have drawn up this morning... So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session. I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade. Use correct risk management and trade safe snipers
Long
by fastboiijd