EURCHF waiting for the buy setup to formon DAILY: EURCHF is sitting around support so we will be looking for objective buy setups on lower timeframes.
on H1: EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a third swing to form around our upper red trendline to consider it our last swing and then enter on its break upward.
we also have a regular bullish divergence adding more confluence to our buy setup.
Rejection
CHFJPY waiting for the sell setup to formon DAILY: CHFJPY is sitting around a resistance zone in green so we will be looking for objective sell setups on lower timeframes.
on H1: CHFJPY is forming a red channel so we are waiting for a new swing to form around our lower red trendline to consider it our last swing and enter on its break downward.
meanwhile, until the sell setup is activated, this pair would be overall bullish.
NZDJPY waiting for the buy setup to formon WEEKLY: NZDJPY is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: NZDJPY is forming a symmetrical triangle in red, so we are waiting for a momentum candle close above the last swing that forms around the upper red trendline to buy.
GOLD waiting for a trigger to sellon WEEKLY: GOLD is sitting around a strong supply zone in green so we will be looking for objective sell setups on lower timeframes.
on H1: GOLD formed an objective channel in red so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.
GBP/CAD Potential Buy OpportunityGood Day Traders, I hope all is well.
These are my thoughts for GBP/CAD.
After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure.
Advice:
Stop trying to always being right. I myself have lost countless trades out of pure stubborness. The markets are always right. When you are wrong , cut your losses. Theres no point holding a trade in hope it may reverse in your direction eventually. Get out and look for a better opportunity.
I wish you all a splendid day.
Lets make this shmoney!
#Forexprodigy
GBPCAD waiting for a trigger to sellon DAILY: GBPCAD is retesting a resistance level so we will be looking for objective sell setups on lower timeframes
on M30: GBPCAD formed an objective trendline in red but we didn't sell yet as we always wait for a momentum candle close below its last swing for extra confirmation.
Now its the time For BTC To go Higher BINANCE:BTCUSDT
as you can see in the chart in supply and demand level there is nice rejection and the price should filled the price which goes down .
by rejecting on demand level and retrace after impulse as you can see rejection happened on 50 % of Fibo and will touch our tp as i described
Enjoy the nice analyse
CADCHF waiting for our buy setup to formon H4: CADCHF is overall bullish and now sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes
on M30: CADCHF is trading inside a red channel but it is not valid yet, so we are waiting for a new swing to form around our upper red trendline to consider it objective and enter on its break upward.
GOLD waiting for the sell setup to formon WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.
We also have a regular bearish divergence adding more confluence to our sell setup.
Trendline Break & Retest | SELL LIMITAUDCHF broke out of the ascending trendline on lower time frames and is currently trending within a parallel descending channel. Looking to open shorts on a pullback towards the 0.5 inner fib retracement zone - which outlines perfectly with our broken trendline.
If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.
USDHUF waiting for our trigger to sellUSDHUF is sitting around a strong supply zone in green so we will be looking for objective sell setups.
this one formed an objective trendline in red so we are waiting for a momentum candle close below its last swing for more confirmation.
we also have a regular bearish divergence adding more confluence to our sell setup.
USDJPY more room to the downsideAs we can see the 109.7 level is a very significant one so far, the price keeps getting strongly rejected from that level, already multiple times.
Also the 108-107.7 area is a very significant one above it i am bullish/below it i am bearish after the strong rejection from 109.7 we did not hold 108-107.7 area as support and we went below it, retested it and we got rejected which in my opinion this is very bearish.
Looks like the pair formed a bear flag that is waiting to break to the down-side to test some previous wicks zones.
-CryptonikLion
GBPAUD waiting for the buy setup to formon DAILY: GBPAUD is approaching a strong support zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: GBPAUD is forming a channel in red so we are waiting for a new swing to form around our upper red trendline to consider it objective and then enter on its break upward.
we also have a divergence on MACD adding more confluence to our buy setup.
AUDCAD two possible scenarioson DAILY: AUDCAD is sitting midway between our blue resistance and green support so we will be looking for buy/sell opportunities.
on H4: AUDCAD is overall bullish unless price breaks below its last swing, then we will sell this one.
meanwhile, AUDCAD would be overall bullish and we will be looking for objective buy setups (trend-following) on lower timeframes.
on M30: AUDCAD is forming a red trendline (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward.
GBP/JPY Potential Buy OpportunityAttention Traders!
Allow me to share my thoughts on GBP/JPY.
Price is now at a strong level of support (on the 4hr timeframe). If price doesnt break this level immediantly and find a new low , i expect the markets to start pushing up again. Its been a slow week so far , but grateful for the lessons.
Advice
"Less is more"
#Forexprodigy
EURJPY waiting for the buy setup to formon DAILY: EURJPY is approaching a demand zone and retesting our brown trendline so we will be looking for objective buy setups on lower timeframes.
on M30: EURJPY is forming a trendline in red (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward.
meanwhile, until the buy setup is activated, we would be overall bearish on EURJPY
USDMXN top-down analysison DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy.
meanwhile, until the buy is activated, we would be overall bearish
GBPNZD waiting for a trigger to buyon DAILY: GBPNZD is sitting around a support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes.
on H1: GBPNZD formed an objective channel in red, so we are waiting for a momentum candle close above its last swing to buy this one short-term.
Moreover, we have a bullish regular divergence on MACD adding more confluence to our buy setup.
Meanwhile, as long as our buy is not activated, we would be overall bearish on GBPNZD
AMS - Potential 50% dropPrice made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.
CHFJPY two possible scenarioson H4: CHFJPY is overall bullish trading above our orange trendline, however, it is approaching a strong resistance in green.
on H1: CHFJPY is forming a channel in red, so we are waiting for a new swing to form around our upper red trendline to consider it valid and then enter on its break upward.
and we are waiting for an objective break below our lower orange trendline from H4 to sell this one long-term.
USDPLN waiting for the double bottom pattern to formon DAILY: USDPLN is sitting around a support zone in green so we will be looking for objective buy setups on its retest.
on H4: USDPLN is forming a double bottom pattern (still an idea) so we are waiting for a momentum candle close above its neckline to buy it long-term.
and if price retests our support zone again, then we will be looking for new objective buy setups on lower timeframes.
EURCAD waiting for a trigger to sellon DAILY: EURCAD is sitting around a resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on M30: EURCAD formed an objective trendline in red and a double top pattern, so we are waiting for a momentum candle close below its gray neckline to sell this one.