A breakdown of my EU entry showcasing how I analyse the market.I've annotated my charts for your convenience. Enjoy!
Noindicators
Losing the high. Downside coming USD JPY
Lost the move that made the high.
Price came back to test.
Expect price to go lower now.
XAUUSD Long with 4 listed confluencesConfluences:
Double Bottom
Daily Chart Trendline Break
Weekly Chart Trendline Break
New High Indicating Bullish Market Structure
Duration of Trade: 3 weeks or if target reached, whichever comes first.
GBPAUD for a sell opportunityPrice rejected the top at 1.82000 area with a breakout of the trendline.
The price is forming a nice correction that possibly can break to the downside.
You can enter at the break of the correction or wait for more confirmations as to how did the structure break (impulsively or correctively)
This is a nice setup if the correction breaks to the downside.
The market can also test the top again at 1.82 and then continue to the downside. If the market breaks up with a bullish candle the setup is invalid.
Good luck and use proper risk management :)
Any comments are welcomed
GBPCHF Shorts with 4 Listed confluences List of confluences:
1: Double Top Pattern Formation
2: Trendline Breakout
3: New Low Creating Showing a Change in Market Structure (Bearish)
4: Retest of Previous Higher Low and Double Top Neckline.
Trade duration: 2.5 to 3 weeks
EURUSD Still in the Range!!! Trade it with me!Trade the range with me. Just seen a reversal candle at the resistance. Expecting this to go up to the designated area!
EURUSD Where are you going?Where is EURUSD going? Right now we're in a very strong upwards movement, as the EU released very good numbers.
Where is this going? Personally I have a long bias, however a Sell Stop is also in place. Check the chart for more details 👀
What do you think? Let me know!
EURCAD PRICE TRAP 1HR tfNZDJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.49176
TP1: 1.49571 (40 pips)
TP2: 1.49908 (73 pips)
TP3: 1.50294 (112 pips)
TP4: 1.50590 (142 pips)
SL: 1.48470 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.48076
TP1: 1.47836 (24 pips)
TP2: 1.47554 (52 pips)
TP3: 1.47358 (72 pips)
SL: 1.48373 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
CHFJPY Long with 3 confluences (Zero Indicators)Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.
Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with a duration 4-5 days holding period
AUDCAD Short with 3 confluences (Zero Indicators) H & SConfluences:
1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders )
2. Daily chart long term trendline breakout and close.
3. Price is trending lower with the formation of a new low.
Entry:
Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today before looking for an entries. Will be looking to hold trade for about 4 - 5 days or until take profit is reached (Whichever comes first)
GOLD Short with 3 Confluences (Zero Indicators)Confluence:
1. Weekly Chart Trendline breakout.
2. Price is trending bearish with lower highs and new Lows being created.
3: Key low has been broken in the region of 1787 and 1765.
Entry: We will be waiting for a lower high to get formed before looking for any entries on Gold. We are expecting some dollar weakness into the start of this week. With that being said, we are expecting a pull back before we see price settle towards the end of the week and then we should see a push to the downside. This will as well give us time to reassess the risk reward of the trade and to determine whether or not the setup is still valid.
USDCHF Long with 2 confluences (Zero Indicators)Confluences:
1: Weekly chart trendline breakout.
2. Trend is bullish with price making Higher Lows and New Highs.
Entry:
Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess the risk reward ratio for this particular trade. Will be looking to take entries later next week if the setup is till valid. Will be looking to holf this position for 3-4 week or until target is reached (Which ever comes first)
USDJPY Long with 2 confluences (Zero Indicators)Confluences:
1: Weekly Chart trendline breakout
2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame
Entry:
We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the current week, retest the trendline before continuing bullish.
Lets see how the first half of next week plays out. This will give us a chance to reassess the trade as well as the risk reward ratio. Note that the pair is extremely extended so its best to wait for a Higher Low to form before we can start looking for entries.
EURUSD Short with 3 Listed Confluences (Naked Charts)Confluence:
1. Weekly Chart Trendline breakout and close.
2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high.
3. Trend is bearish as price is making Lower Highs and New Lows.
Entry:
The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of the time, traders who enter straight after a breakout pattern occurs are likely to get stopped out.
We will be looking to take the trade towards the middle of next week (Wednesday) as price might push back up to retest the trendline so it is important to wait and see how the price moves after the breakout.
This will also give us a chance to reassess the risk reward ratio of the trade. Will be holding this trade between 3 - 4 week or until take profit is reached (Whichever comes first).
GBPCAD LONG (Zero Indicators)Confluences:
1: Daily Chart Trendline Bounce.
2: Price is bullish on daily chart and has just completed higher low
3: H4 counter trendline breakout
Entry:
At the break of the H4 counter Trendline
AUDUSD GOT CALLED SHORTY!!Yes AUDUSD is going on an uptrend at the moment, but we have been riding the retracement correlating to the monthly time frame. We can see that it's doing a complex retracement and now it will shoot down. Another observation is the head and shoulder pattern it has been creating. but once it falls it will fall!!!
Stay in that objective state of mind! Lets GOOOOO!!!!!
#priceactiontrading #rawnoindicators
EURUSD Short with 3 Listed Confluences (Naked Chart)Confluence:
1: Price Broke out and closed below previous weeks low on the daily time frame.
2: Trendline breakout out and close on daily time frame.
3: Price failed to break a significant Lower high on the daily time frame. creating double top pattern.
Entry:
Wait for price to test the area around the high of the current week which should take place later in the week, creating a lower high before continuing to the target of 1.18815 early next week
USDJPY Long with 2 confluences (Zero Indicators)Confluence:
1: Price is trending bullish on the daily time frame making new highs and higher lows.
2: Price Broke out and closed above previous weeks high on the daily time frame.
Entry:
Wait for price to come and test the area around the lows of the current week, creating a Higher low before continuing to the target of 108.500.
BNGO, going to rocket soon12.75 precious support, nice buyers pressure there so get your dips there.
get in, stay in, this will should print soon, BIG institutions behind this
those with patience... shall be rewarded
#no indicators needed straight price action baby
USDJPY Quick sell trade on daily chart there is a down trend , just got broken , no retest yet also waves 1,2,3,4,5 are completed , with double top on H1 i find this a great chance for sell
BULLISH LONG USD/JPY PLAY Here we got a bullish long play. First we gotta be patient and wait till it hits our levels. Buy Limit for sure on this one.
XAUUSD (New York Session Buy Limit)Targeting liquidity and trading fresh demand levels. Entry timeframe is 30M. Want to see if price is going to go deeper before going back up again.
