Nakedtrading
AUDNZDpossible bull move for AUDNZD
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
USDCHFpossible bull move for USDCHF
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
EURCAD
possible bull move for EURCAD
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
GBP/JPY For the Week Analysis Conclusion – could retest the daily resistance and continue bullish or the daily resistance turn support and hence bearish.
Op1- First candle of the week could be bullish to fill the previous long wick (D). Also the 4H candle closed bullish with short upper wick and medium lower wick.
Op2 – continue d.wards as the prev D candle closed below the D resistance level.
Breakdown:
Monthly
- It is testing an important area.
- It has tested the previous high but got rejected.
- Could turn bearish this month as there is no lower wick.
Weekly
- Closed bearish at the previous resistance.
- Op 1 - It could become the support for an uptrend.
- Op 2 - it could respect the resistance and continue downtrend. (the previous is then just a fakeout.
Daily
- Closed below the daily resistance.
- Long upper wick. Could be a continue d.trend or come back up to retest the resistance.
4hr
- Closed bullish
- Op 1 - Could go back up test the resistance – entry if candle closes above daily resistance (yellow line)
- Op 2 – price could go down to test the previous price (133.788). entry for short if the candle closes bearish below the previous price. Entry should be after the bearish candle formed.
1Hr
- Price tested the previous high and went back down (long upper wick) but the price still closed bullish.
- Op 1 – could be a retracement – it might go down to test the previous low (tp1: 134.037), (tp2: 133.820)
- Op2 – if the price went back up ad closes the above the previous high (134.711). entry for long – tp at daily resistance (134.910) – a quick scalp
30m
- Closed bullish but long upper wick
- Might continue bearish
15m
- Closed bearish
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLARpossible bear move for AUDNZD
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
AUSTRALIAN DOLLAR / SWISS FRANCpossible bear move for AUDCHF
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
Potential sell-Trading at the weekly resistance level
-Check the daily chart to get a reversal pattern to trigger a sell
-Set Tp at the next support level
Bye amigos
SELLThis week we should be looking at moving down whilst following/ continuing with the monthly trend.
Bye Amigos
GBP/JPY SHORT 15mtwo ways the trade could play out.
LH LL is formed and continue down or retest the daily resistance and then continue down
GBP/NZDFirst bit of profit on this trade, looking good so far. i took this trade because it has tested a key area of weekly support meaning its likely to change trend. i am naked trader and only use support and resistance and price action! Thats all trading needs to be, simple and easy to repeat!
If you want to learn how i trade, please drop me a message on here or on Instagram: saxonpooley!
(I currently have a 50% offer on my 1:1 video coaching)
Watch the reverse on GBPNZD!
As you guys can see very clearly, Now we are on a important weekly zone, I waited for a candlestick formation to let me understand what the market wanted to do and I saw this:
A beautiful reversed head & shoulders as well as a rounded bottom. I will watch the closing of the candle on the 4h time frame: if it closes above the resistance that I draw I'm gonna go long, on the momentum candle with a stop loss right under the right shoulder and the take profit on the next possible target. This trade will give me a risk reward of 1.55, that satisfy my trading plan.
Now I would like to hear from you.. do you have any impressions? Please let me know what you think in the comments section!
DXY forecastPrice must break and retest before the bulls can really push price higher. Remember its on a downtrend
Beutifiul Trend Trading with SIlver.After price hit resistance at 17.75, our candlestick printed a nice strong bearish candle that confirmed a reversal. Price continuously broke and retested support. We then rode this downtrend all the way to key support at 17.50 with a beautiful Fibonacci set up at the end of the trading day.
GBPCADpossible bull move for GBPCAD
entry based on reversal candle
set SL/ CL -30 ~ -40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
GBP/JPY SHORT 1HPrice is creating a resistance. if it closes below 137.80 then I would short it. SL would be the above the previous candle.
USDCADpossible bear rally for USDCAD
entry based on reversal candle
set SL/ CL -30/-40 pips from entry price depend on your risk tolerant
set BE+ 10 pips when price move over 30 pips from entry
cut losses run winners
RM ,MM is a must
good luck and happy trading. TQ
