Broken Trendline, Retest & ContinueWe have broken the descending trendline on an area of daily support which has confluence with the daily ascending trendline.
Looking to retest the broken trend to take longs.
Nakedforex
Is the summer range over? Bear market ahead?We have broken structure support which has now turned resistance. Along with that we tapped the 50% Fibonacci retracement and are now following through on the move down.
Looking for a pullback to retest the zone and then take shorts.
Converging Trendlines: BreakoutThe 1H Ascending trend line is now meeting the descending Daily trend line. Looking for a breakout to either side, a retest of the broken trend line, and a continuation off the zone
Gold Outlook - Shorting Potential Looking for a break of the zone we are currently sitting on top of to take Gold shorts
Bears about to take over GBPJPYThe pair had been trading at a 5 months high on the 21 September 2018 and formed a big bearish shadow Sell stop was activated which was at 146.90 , it got activated on 15th October 2018. The pair is still trading around the 146.90 which makes the short still valid .
Take Profit is at - 140.60
Stop Loss- 149.740
Break, Retest, Continue Looking for a break of the bearish market structure and a retest of the 113 area to go long to ~115
Push into Supply, Short into DemandLooking for a retest of the supply zone ~2.04680 to go short to the ~1.969 demand zone
As always, make sure you have confirmations before entering the trade
Lots of support to breakThere are several supports to stop a flat out dump, but I still think it's heading south.
Possible reentry into GBPUSD daily downtrendGBPUSD has been dropping for the past 5 months (April 2018) and i think its an opportunity to ride the wave a bit more... Even though i caught a few pips when the market was bullish briefly, i wouldnt recommend going against the overall daily trend so im all in for a Sell the next few days
EURCAD trendI plotted the original red lines 15 days prior and has stayed on course ever since, thought I would share in case anyone else agrees. keep it simple stupid, hopefully.
Jumping The Gun - Long but earlyJumped in a little early on this pair, but I still think it's going north. News may alter this.
Honestly, not the best trade but worth posting for reminding how crucial and important PATIENCE is.
GBBJPYgot three plans to play GBPJPY, as the RSI is pretty high in the 4h it should retrace soon. I'm staying away from longing though, becasue the recent downmovement was pretty strong
SHORT - WAIT FOR CONFIRM1) Wait for confirmation of bearish trend in the coming weeks
2) Watch out for a bullish fake out above 111.000 PL
Just is just my outlook and not a trading suggestion. Please feel free to comment!
USDCAD Ready For Bearish Reversal?Price got rejected hard off previous support and resistance area with a long bearish candle. Moving averages are looking like they are about to cross over as well with proper angles indicating long-term bearish reversal.
Retrace and Long1) We should see a continued retrace to 108.800 (Fib=0.38) and a possible price consolidation before the bullish trend continuation to 111.200 OR a break of 108.800 and retrace to FIb 0.5 before bullish trend continuation
2) Looking left we can see strong price rejections (yellow circle) around the 108.800 price level which will cause us to believe that price will hit 108.800 and consolidate
3) Wait for confirmation of price direction before taking a position once price reaches 108.800
UPDATEAfter going short for 1 week, now bullish move is expected. It has touched its major trend line, waiting for confirmation. Also we have to look on the other side of breakthrough of support that is possible. I will provide an update for good entry.
ShortBearish Engulfing on Daily, Followed by a Hammer indicating a Bearish swing down to the trendline.
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Also expecting another breakout of this trendline if the price does go my way, which would be to 1.1850.
GBPUSD LongShort term GU is fulfilling a bullish move but in the grand scheme of things there is a liquidity gap to fill and so I expect a turn around when price completes it's retracement to the daily zone.
NZDJPY Bearish updateNZDJPY still trading in a box though has broken some support zones but not totally out of the box. We keep our eyes on this pair. A sell stop can be placed once confirmation occur. Keep your eyes for update
Short@SupplyAUDUSD
- Price is currently in Bigger picture Supply zone.
- Only look to selling opportunity
- Decent way to sell this market is selling at nearest 4Hr Supply Zone.
