Do you agree with these setups? Drop me a message with any improvements or alternative ideas you can offer.
AUDUSD 4 hour - AUD 4 hour block right on a support/resistance level - If it tests then look to short, if breaks and retests, then long
GBPCHF 4 hour order block - This trade is active. TPs at previous highs. First TP at 1.27500.
Parallel bull channel Looking to sell to trend Price may break and retest this block area so wait for momentum on candlesticks to indicate short or long trade.
GBPCHF 4 hour retest - This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move. - There is heavy liquidity below for price to soak up and touch the uptrend line once more.
- Possible short on US Oil - Waiting for rejection to short
EURNZD 30 min bullish block. - Overall NZD is bullish in my opinion so this trade makes more since on a lower timeframe. - We see a break of equal lows, and a third touch to a minor uptrend. We would take our trade to 1.73200 and possibly the 1.73700 point before heading back down.
Block is Active. Block entry is on trend. Sell momentum has slowed, long momentum is building up AUD news on Employment change expected to be bullish. Looking for break of larger trend.
EURCAD is setting up for a solid short at around critical level 1.46000, look to short between 1.45900 and 1.46000. Price broke equal highs, marked in pink, to set up our block on the 4 hour with a strong bearish move breaking trend. We are looking at a retest to our entry point before seeing a great move downward. Entry is also within key fib level 61.8 and 71.
EURAUD 12 hour block. Looking for third touch on the trendline. Block identified on 12 hour with bearish engulfing candle breaking lows. Equal highs identified where price is nearing to pass. I also identified a previous block, which adds strength in my opinion and a strong SL to protect the trade. Price may come down to bullish block or further down before heading up.
CUrrently in a buy or a buy limit can be placed. Price hit a significant support, block previously defined. TPs are at critical levels to next block.
NZDCAD Daily block activated - .83050
Order block on the 1W time frame. I bought into this without a SL so my position size is relatively small in case of massive drawdown. TP for a 1:3 RR is around 12500.
Looking for price to reverse, Looking to enter on a bearish rejection candle. GBP is in an uptrend, but there is is stronger upside to AUD which would weaken this pair.
GBPAUD is now in an uptrend. The pair has broken trend showing divergence on the RSI. A block on the daily showed price breaking previous highs and now we are waiting for a buy on the block to move back up to it's previous high at around 1.83350.
Waiting for price to retest this area as a new support before hitting previous highs. Risk reward is 1:3.