GBP/USD PullbackThis looks like a really good retest so far. Broke trend line, Retest and possible short?
Retest-structure
GBPUSDPrice is pulling back, I will be looking for a potential continuation down from here or after one more pump up on this correction. Let's react to what price action shows us!
Trend continuation with double topPrice seeing nice intraday level being broken on 1H timeframe. We have a 1H double top with a break and retest from the neckline. Furthermore, the 4H has closed bearish, creating a bearish market structure below key levels.
Let's hope we see price continue down to the next key level with 1:3 RR. Look to move to BE or - 0.5R when price reaches 1:1 RR.
Simple trades like these which clearly suit my trading plan are the best way I build confidence. Whether I win or lose the trade, I know that I followed my rules and it's just another trade, result is irrelevant. Trust the process!
Are the the odds in our favour to short !!We genuinely can see we are a descending channel in the bigger time frame , from this position , we have broken through the mini uptrend , we have managed to have our test and retest and we are looking for a chance to short the market
Flag BreakFormed a Flagged trend. Broke the flag and retested as well as created a new low and also broke that low. This is a double entry. Get in after retest of flag, and get in after it broke the last swing high. This is a good play for the playbook.
BREAKOUT RETEST ON GOLDGold broke out of the falling wedge very aggressively. So I am anticipating the retracement to complete the pattern before bullish continuation. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
RIPPLE CRYPTOCURRENCY (XRPUSDT) VERY BULLISH SIGNIndicates good buying level if breaks the consolidation phase. This is an analysis that can be triggered anytime when the consolidation box breaks from upward movement, it will give good target.
It has taken multiple support and sellers are not able to push the price down. Recently double retest was done on trend line resistance(which became support) and horizontal support on bigger time frame (4 Hour). Gave a good bullish engulfing candle. Gave breakout of W pattern and restest also done.
All an indication of incoming bullish breakout.
HAPPY TRADING!
BTCUSDT is retesting broken trendline, more fall or breakoutThe price is now near the first local resistance zone that is really important and we have two possible scenarios here:
A. Retest breakout and more fall: the green trendline was strong support for bitcoin that broke and now it can easily become resistance and then local correction like the red arrow.
B. Breaking this local resistance: or like green arrow breaking this local resistance here and pump easily to targets like:
A. 46250$
B. 47700$
Notice: if the price starts to see some correction here like the red arrow, still bitcoin has more possibility to continue pumping and soon breaking these resistances too. (wait for update then)
DISCLAIMER: ((trade based on your own decision ))
<>
Selling Opportunity After RetestAfter a breakout gold went for retest and continued selling, very good opportunity for breakout traders.
AUDCAD LONG clear break through from our correction phase , to show the change in the trend towards our 90% mark .
break through the previous 4 hr resistance zone in quite an impulsive manner , will wait for the price to come back retest and ill be looking for a proper entry
MCDOWELL - Morning Star formation at retest - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Below is the zoomed in image for better understanding
Checkout BATAINDIA trade (linked below) to understand how to trade Morning Star formation
Also, you can check out previous analysis of MCDOWELL as well (linked below)
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
cad/jpy good short position cad jpy was in bearish momentum and went down to the 84.400 very strong demand level and cane back to 87.100 for a retest
look for bearish confirmation on lower time frame and enter short with your own money management
always remeber patience with discipline and money management is the key to success
EUR/JPY Sell opportunity eur jpy broke the strong zone and went all the way down to 1.28000
now market is at broken structure to retest
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience and discipline are the key to become profitable is Forex trading
CADJPY swingCADJPY OANDA:CADJPY [/symbol Has broken the neckline of heads and shoulders formed on the daily time frame. Now we wait for price to retest the neckline, with rejections and good confirmation we will enter sells with targets @ 81.000 area. NOTE:setup is invalid if it breaks through neck line
FOLLOW,COMMENT,LIKE AND BEST OF LUCK
LIMSFOREX TEAM
GOLD retested the broken down trend line so Buy GOLD nowGOLD retested the broken down trend line so Buy GOLD now
GOLD
TYPE : BUY
TF : H3
ENTRY PRICE : 1795.00
STOP LOSS : 1786.00 (90 PIPS)
TAKE PROFIT : TP1: 1797.00 TP2: 1801.00 TP3: 1808.50 TP4: 1815.00 TP5: 1824.70
BTCUSD is falling from daily resistance zone and it can continueLets take look at daily view first:
now here price is showing weakness near our first daily resistance zone (blue zone) and it can easily fall hard to our support zones.
DISCLAIMER: ((trade based on your own decision ))
<>
MAHINDRA LOGISTICS - LifeTime High Retest Setup - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
EUR JPY Sell opportunity eur jpy is going down making lower low and lower high look fir bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key
cad/jpy good short position cad jpy did a massive move to downside on last Monday and now market is back at that zone to retest
look for bearish confirmation on lower time frames and enter short with ypour own money management
always remember that patience is the key
CADJPY good short position cadjpy trend has changed from bullish to bearish which we can confirm on higher time frames
market is currently making lower high and than continuation to the downside
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key
GBP/JPY good short position as per technical aspect gbpjpy broke trend line resistance on daily time frame and market is back at the broken zone for a retest
look for bearish confirmation on lower time frames and enter with your own money management
alwats remember that patience is the key
