H4 TIMEFRAME ON GOLD this is a simple setup of a Violated Brickwall on Gold(resistance) and a break and retest on our newly created High
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USDCHF LOOKOUTUsdchf look out for brake out b
Brake above we look for bullish power
Brake below we look for bearish power
Wait to long NZDUSDPrice has to rest structural support before continuing bulling direction. A little patience is required. As ever, it’s just about the manipulation of hopes & fears of retailers by the institutional traders. It’s been a while. Let’s go!!
BEARISH NZD/USDWe see price failing to break previous high and breaking the trend line up and continues to create new structure. Here price makes consistent LL and LH and trending below the brick wall. Entry is on momentum with 12 pip SL and 36 pip TP. LETS GOOOO!!!!!!!!!
GER30 potential downtrend.in correlation with NAS100s downtrend, GER30 might be lagging and this structure may make the main move.
GBPJPY; Waiting for momentum shiftWait for price to form support to push higher since it's in an uptrend..Or wait for break and retest below the support for price to push lower as I have illustrated on the chart
US30 UPDATEGooday Family
We had and impulse down on US30 and now it is giving us a neat correction. We can capitalize on it by taking a sell trade after the break of the correction.
Our 1st take profit can be on the 90% Rule level, or you can trail stop your trade/trades.
Thank you.
How To Think Like A Professional TraderA strategy is only as good as the trader using it. Patterns are not enough, neither is support or resistance. Candle patterns help, but will not do the trick alone. Unless you can understand the structures of the markets, alongside the behaviour, then really and truly you are just trading blind. In this short episode, I go through three trade ideas that were planned out today (03/12/2020) on the RockzFX Academy live trading session, so you can get an idea of what it means to plan your trade, and trade your plan!
GBPJPY Potential LH Continuation OpportunityAn update on a few trade ideas shared this week, and a potential GBPJPY sell opportunity with the uncertainty of the Brexit deals. Can we see GBP weaken for the rest of this week? We will soon find out.
AUDUSD (UPDATE!!!)What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is key. I would be advising traders who got in at the limit order area, to consider trailing your stop loss to half, or even setting your trade to breakeven. Those that got in where I did, around the wick rejection area, to consider trailing your stop loss to half. There is no need to have all our risk on the table when we can already see the bearish sentiment kicking in.
