Short Entry, H4 AUDCADDaily dominant candle break down. H4 engulfing candlestick pattern, high risk/rewards ratio.
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Buy Entry, H1 AUDJPYH4 Dominant candle break up. Multiple bullish candlestick patterns in H1 chart (blue circled).
Long Entry, Daily USDCHFDaily swing point 1 broken, engulfing candlestick pattern on daily support level.
Entry on daily or wait for buy setup on lower time-frame.
GBPUSD to hit 1.24 again!
The price of the GBPUSD is currently close to a resistance zone. This zone has been tested several times in the past.
As you can see, I have drawn several zones. These zones have been tested several times, with the exception of the green major support zone. This is a point that has not been exceeded. When the price reaches this zone, a reversal will most likely arise.
Trendline 1 is the support line. As you can see, this trendline is respected several times and is therefore an important part of our analysis.
Trendline 2 is the resistance line. As you can see, this trendline is respected several times and this is also an important part of our analysis.
The blue trendlines are an indication and these are not essential. I have divided the chart into 3 parts. as long as the price remains in zone 1 we have a strong downward movement. Should the price shift to zone 2, we will have a less strong market direction. Upon reaching zone 3, a new trend will arise. I do not expect that this will happen in the short term.
Expectations:
I expect that the GBPUSD will soon drop significantly with a possible fall to the 1.24 zone. I can not predict whether this will be via zone 1 or zone 2. As you can see, the rate is currently in a descending broadening wedge. I therefore expect that the downward movement will continue for a while. I think the small upward movement is short-lived and only a retracement of the trend.
Fundamental:
Currently there is chaos in GB. The English doubt whether the Brexit deal is a good idea and whether it should continue. Should the Brexit fail, this will have major consequences for Theresa May (Premier GB). This will make her position impossible and this will affect the GBP.
By combining the technical and fundamental analysis I expect that the price of the GBPUSD will make a big downward movement in the long term.
Time to Long /Daily ReversingCandlestick has break daily swing point 1, high possibility of daily trend reverse. Good time to look for buy entry in lower time-frame.
Short Entry, H4 EURAUDDaily swing point 1 break, downtrend candlestick pattern (long tail pin bar).
H4 engulfing short entry.
GBP/USD bearish reversal patternI believe recent bullish spike seen on GBP/USD is simply a pullback and that there is further downward bearish momentum to be seen in the coming days. LAst week we saw price breaking the long trendline with a strong bullish candlestick which was followed through by another bear candle on the daily. Price then pulled back at around the monthly support level 1.2500 level back to the 1.2740 region making some believe that the bulls had taken back control of the market. However, looking closely at price action and weakness of the bulls, this is not correct! It is clear that this was simply a pullback to the test the break out gap at the 1.2740, sellers were waiting for this price to reach this target to then enter again on a short position.
The bearish momentum should soon resume and looking likely to hit my 1st profit target. Depending on the weakness of the bulls we can see this target being met tomorrow or early next week
EURJPY SHORT Sell EURJPY, this is a good risk-reward trade. I definitely entered a bit too much lots on this trade, but my motto is RISK MORE MONEY TO MAKE MORE, RISK RISK RISK AND THEN TAKE IT ALL.
Altcoins selection, Day #3: POWR/BTCTeam behind POWERLEDGER BINANCE:POWRBTC are working hard and you can see that yourself, by diving through announcements on different forums and social media. This is one coin you can read a lot about, you just need a few spare hours. This coin looks promising on long run, so I expect steady growth until the whole market reverse. My goal here is to catch as many alts as possible, while BITSTAMP:BTCUSD is still lazy. Good luck
CADJPY / D1 / SYMMETRICAL TRIANGLEThis is a longer-term swing trade. Waiting for break and close of the support line.
$USDJPY Looking Looking for shortsWaiting for price to hit my levels until I look for shorts, could be a great setup
Classical charting on CDT 15 minLearn it. Stop using indicators. People only use them to trick noobs into thinking TA is hard when its really very simple.
USDJPY H&S, SellSimple H&S setup, currently the Right Shoulder is forming and showing nice rejection off the minor resistance, (same resistance level of the Left Shoulder). After price hits the neckline we are in for some money all the way down to TP and even as far as TP2 if momentum remains strong and bearish.
GBPJPY Short RetestThe pair has gone up to retest former support and treating it now as resistance, which is obviously a reason to short the pair. But not only that, this pair has now touched the trendline resistance and the 0.618 zone on the FIB, another reason to short the pair. Overall market projection is Bearish, and lets get those sell orders in with a entry on a nice rejection candle.
EURUSD Short (Right Shoulder forming) H&SHead and Shoulder pattern, short and take profit at 1.16550
EURUSD H&S Right Shoulder FormingWith the Head and Shoulders pattern clearly making itself known, the signal to sell will be clear after price hits and respects the 1.19500 to 1.21000 zone as resistance, just like the left shoulder did. For now price and future of this pair is bullish and from there on out we will be looking to ride the price down.
GBPCAD Short The bears are definitely in control of this market. Price has made its way back up to former support and can be now identified as resistance. What makes this setup so attractive is the fact that there is a "Shooting Star". With this retest we can be sure to enter short positions and ride all the way down to the 1.68000 area.
AUDUSD ShortShooting Star candlestick, this setup has to sold. Price has retested former support and is now resistance. Sell and take profit at the 0.74200 area
GOLD Potential H&S PatternPrice will bounce off support (Neckline) to form the Right Shoulder round about 1323. Due to minor resistance, price will then see a drastic drop to the 1310 area.
usdjpy 1:1 or 1:2100% TECHNICAL ANALYSIS.(TRENDLINE,CANDLESTICK,SUPPORT AND RESISTANT,SUPPLY AND DEMAND)
LONG.
RISK 5%.REWARD 5-10%.
GBPCAD NeutralIf the pair can reach last support area at 1.75900 and possible break through, we can see it reaching 1.75400 If not we it might consolidate at go up to Resistance
