Rejection
USDJPY - Possible golden zone rejection Hello everyone!
I will keep it compact as always:
1. Broken trendline
2. Wait for chart to reject the golden zone
3. Go to a smaller timframe and look for a trendline or/and resistance
4. Find a good entrypoint with a thight stop loss
5. WHEN IN PROFIT TRAILING STOP IT!
I hope you like it!
GBPCAD waiting for the breakout to buyAs per our top-down analysis video two days ago, we will be looking for objective buy setups on lower timeframes since price is sitting around a strong support zone from Daily.
we are waiting for momentum candle close above the upper red zone to buy.
Reasons:
1- Support in Orange
2- Objective Trendline in blue
3- Divergence on MACD
GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes.
Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected.
on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline.
or we are waiting for an objective break above our blue trendline to buy.
we also have divergence on MACD adding more confluence to our buy setup.
meanwhile, this pair is overall bearish.
GBPJPY short tradeGood morning, GBPJPY rejected 132.00 , so now we are looking for short opportunities. i´m waiting for a clear confirmation pattern, I would like to see a retest of 132.00 before opening short, all the way down to 130.00/129.00/128.00; closing 1/3 lot size on each TP
This is my first published analysis, so thank you for spending you time on me
“Instead of wondering when your next vacation is, maybe you should set up a life you don't need to escape from.” Seth Godin
GBPCHF price is stalling out on the 200 EMA will it drop? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GOLD UPDATEGOLD broke our symmetrical red triangle upward and traded higher, so we would be overall bullish here until an objective sell setup is activated since price is sitting around a supply zone in green.
waiting for an objective break below our blue trendline or red trendline to sell GOLD long-term.
meanwhile, GOLD is still overall bullish and can still test the upper blue resistance zone before going downward.
BITCOIN UPDATEas expected, price rejected our round number 10.00 and resistance/supply zone in blue.
then price found support around our lower red trendline forming a new swing around it, so our red trendline is now valid and we are waiting for an objective break below it to sell Bitcoin long-term.
meanwhile, price is retesting our 10.00 level again so we will be looking for objective sell setups on lower timeframes.
unless price breaks aggressively above our 10.0 and 11.0 levels (zone) then we will be looking for objective buy setups on lower timeframes on its retest.
CADCHF - Trading the rangeCADCHF is currently at the top of a sideways trend.
We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance.
As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: www.youtube.com
Risk to reward ratio is almost 1:3, so good luck :)
USDCAD UPDATEas expected, price rejected our upper green trendline and traded lower.
and since price didn't break above our orange resistance, we are still overall bearish.
price is retesting our green trendline again so we will be looking for objective sell setups on lower timeframes.
Unless price breaks our orange trendline objectively, then we will be looking for objective buy setups on its retest
GBPJPY potential buy setup formingOn Daily: price is currently sitting around support 130.0 so we will be looking for objective buy setups on lower timeframes.
Unless price breaks our support downward aggressively, then a movement till 125.0 would be expected and we will be looking for objective sell setups on 130.0 retest.
On M30: price is currently trading inside our red channel (not objective yet). we are waiting for a third swing to form around our upper red trendline for it to be valid and then enter on its break upward.
our entry would be above the last swing that forms around the red for extra confirmation (not the trendline break)
we also have divergence forming on MACD adding more confluence to our buy setup.
USDCAD Entry On 15MDo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.