Rejection
EURAUD - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURAUD is approaching strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.
on H4: EURAUD formed a valid channel pattern in red but we want it to approach the Daily blue support to look for buy setups, so we will be waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Until the buy is activated, EURAUD would be overall bearish and can still dive inside the blue support.
and since EURAUD is sitting around support, we will also be looking for buy setups on lower timeframes like M30.
And of course, as EURAUD approaches our upper green daily resistance, we will be looking for sell setups.
Good luck!
~Rich
EURGBP Long??The long-term trend may be short but hear me out, on the 1H timeframe the price rejected the 50 EMA and is trying to break the 200EMA. On the 4H timeframe, we may have a gap close between the 200EMA and 50EMA if it succeeds in breaking it. What adds some confluence is that we have an area of interest (purple line) where the price bounced many times before. Enter this trade only if the price breakout, retest and form two bullish candlesticks. Good luck!!
EURJPY - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURJPY is approaching a strong resistance area in green (127.5 - 128.0) so we will be looking for sell setups on lower timeframes.
on H4: EURJPY is forming a symmetrical triangle pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, EURJPY would be overall bullish and can still trade higher.
And of course, as EURJPY approaches our lower blue support, we will be looking for buy setups.
Good luck!
~Rich
AUDCHF - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDCHF is approaching a strong supply area in green so we will be looking for sell setups on lower timeframes.
on H4: AUDCHF is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, AUDCHF would be overall bullish and can still trade higher.
And of course, as AUDCHF approaches our lower blue support, we will be looking for buy setups.
Good luck!
~Rich
Sell at M5, TP at H4 (SnD)In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
GBPCHF - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GBPCHF is sitting around a strong resistance area in green so we will be looking for sell setups on lower timeframes.
on H4: GBPCHF is forming a wedge pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, GBPCHF would be overall bullish and can still trade higher.
And of course, as GBPCHF approaches our lower blue support, we will be looking for buy setups.
Good luck!
~Rich
BCH/USDT Now Or Never!!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BCH has been on a powerful climb the past few days and is now approaching its biggest resistance challenge! This S/R line shown above needs to break or we can expect a correction! If it breaks this line, the previous highs will be next which sits around $500 to $600. Good Luck in your trades. Let's hope the bulls are really hear to play.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Coin Donations Are Always Welcomed :)
Simplicity Wins
AUDCAD - Trend-Following Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDCAD is overall bearish trading inside the red channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.
Unless price breaks our upper red trendline aggressively, then we will be looking for new sell setups to form as it approaches the upper blue resistance.
AUDCAD formed a valid trendline in blue so we will be waiting for a new swing low to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
Good luck!
CHFJPY On the weekly timeframe market is approaching strong resistance, on the daily market has hit the weekly resistance and started a deceleration and forming new bearish structure on the daily forming this descending channel, we can drop to lower timeframes and play a nice intraday short here first target will be to the bottom trendline of the descending channel. Then we will be looking for a break below or a bounce either way we will see what the market does and then react.
EURCAD sharp fakeout + broken channel#EURCAD:
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
GBP/USD - Another Test of 1.37We're currently at 1.37 once again. We tested this level yesterday and saw a strong bearish bounce off the level. Will we break this level today?
In yellow highlighted circles we can see all the previous tests of 1.37 and strong bearish rejections. This is combining a key level in the market with a whole psychological level that often acts as additional support and resistance.
Happy Trading!
AUDJPY - Wait For ItHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: AUDJPY is forming a channel pattern in brown so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
Good luck!
BTC Hourly Updatewe had really nice correction for Bat Pattern as i mentioned at the previous BTC Update. After that we see that price is trying to recover itself again.
as you see we have also symmetrical triangle pattern too. there is two strong key level around 40K and 30K which act significantly as support and resistance.
and two vital level as i mentioned as blue are very important in the chart that need to hold.
there is two possibility for price action:
1: going up to the key level, make a double top and start to falling down or break out from triangle and falling down
2:going up and stabilize above the key level and going to hit new ATH
what do you think?