End of Week Summary - Very interesting Price actionAs the video outlines. Thanks. Have a great weekend.
Purepriceactionanalysis
5 Min Recap - AUDNZD & GBPCHF TradeJust a quick look at the AUDNZD 'possible' short scenario and some COT data. Recap on the current GBPCHF long - so far so good. A good start of the month. Have a great rest of the week.
AUDNZD - 5 MIN REACP Quasimodo level??Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower. Already took some profit at QM level - Stop to BE.
AUDNZD - Short - Interesting price action - Half a percent @riskDaily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower.
GBPAUD 5 MIN Analysis - LongPrice is contending with the a group of weekly down candles and its 50% area. Seeing the consolidation below the EQ (50% area) was a nice clue. We shall see if price can get up the prev weekly high, which we know there will be resting BUY STOPS!
BITCOIN READY FROM $30,500Bitcoin is in a range ($36,500-- $30,500) from 18 June 2021. And recently break its latest swing at 32800. So, According to my analysis: - - - - -
" if the price will retrace from here & unable to go up, fall & break the $32800 level again then We can create a Short position with the target of $30,500 or 1:2 reward ratio."
REMEMBER: Always do your own analysis before entry & take only 2-3% of risk per trade.
BEST OF LUCK
HAPPY TRADING
Sell idea for GBPJPYThe pounds sold short term at the open of the Asian market through London session today. It was close to the New York open that we really started to rally higher from the day's low. Right around the 154.35 are two levels sitting on-top of each other where the chart shows that there is significant amount of selling than buying after trading sideways for a while and then strongly dropping away from the level. On the larger time frame, the 50 period moving average is slopping down indicating that we are still in a down trend (based on 4 hours). I expect price to rally into the price level mentioned above to close the New York session for today, after which I will short the GBPJPY. The risk is low and the profit margin is wide with high probability of working out.
Gold sellGold looks to be ready for a sell to the touch on the trend line, so it will either be a new higher low hunt,
total crypto marketonly a breakout and retest on that falling wedge can make me predict the next bull run on crypto, for now, still a sell trend, if there's no breakout to the upside occurring soon, we might see more fall to 1.1T MARKET CAP
nas100still a bullish trend for nasdaq, we saw the last bull rum and then a slow down possible for retracement, we hold onto our buy bias and wait for a nice entry, good risk reward trade
eurcadseem the buy bias isn't ready or we expect a breakout of a long weekly wedge, we found a little short position to hit, good risk reward ratio, breakout and retest done on 4hrs and 1hr TF
nzdcadour last week buy bias played out which was actually a breakout and did the retest before the week closed, price action should determine when to continue the buy, last week candle close looks good to have a buy bias and in an uptrend channel, happy trading week...
gbpnzd sellwe have a sell continuation bias on that new resistance, and divergence sighted too, head and shoulders on 30min TF, confluence
audnzd we still have our long sell bias and we see a breakout already, possible retest to come up, we wait for formations before going in, we only need sell entries on this one
GBPJPY ..We can see now the Market created a support level now i Well wait for candle confirmation.. Whats YOUR IDEA COMMENT BELOW..
AUDUSD Long on 1H & 4H Structure ShiftFor scalpers a 1H sniper entry will be an easy catch to jump in the move earlier. 1H structure break-retest and enter
USDJPY 4Hprice hit our target 213 pips accumulated
now we are waiting for a bears rejections around our upper trend channel.
if bulls will break the channel then we gonna look for a buying confirmation and go long with it
EURCHF; Pure price actionEURCHF is currently on our support level, and forming very interesting price action on the 4 hour chart.
From the bearish perspective, we see the pair might be forming a head and shoulder pattern. However this isn't complete yet.
From the bullish perspective, we can see it has already completed the ABCD pattern. Breaking prior structure. We can see it has formed higher high and higher low.
We will hold our trigger until we see price break 1.0750 before we go long or complete the head and shoulder pattern before we sell.
CADCHF Daily Short H&S2 Equal size LOT 1% Each short at same level, same SL but 2 TP zones. Got the Kicker on H4
CADJPY Long D1 TL Breakout RetestMultiple Time Frame Entry Search. Break Out of TL and then comming for a retest on H4 with Double Bottom Formation Kicker to Activate the "W" Entry With R-R Ratio of 1:1.3 and TP set to 0.382 Fibo level before the prevous ressistance level.
CADCHF H4 Short opportunityBreak of structure and a possible retest with an advance price action candlestic pattern will make the entry reason valid...
USDJPY - The Trend is your friend..until the bend in the end!USDJPY does not seem to be correlating with the DXY unlike EURUSD.
Smart-money clearly has an agenda here and it is highly probable that they are heading to the area highlighted (in blue) where we can see some imbalance in price action in the daily candle (26th March). So this area is where I will be focusing on and looking at (thats why I put the eye icon there)
Expectation is for the imbalance to be taken care of before price retraces.
Looking for Short this pair after my reversal confirmations have been met. What reversal confirmations you ask ? ...well thats the million dollar question! Get in touch to know more about how Smartmoney moves the markets and how you can benefit from their moves without the reliance of lagging indicators all over your charts.
