EUR/USD - INTRADAY - STAY TUNED FOR THE ENTRY, STOP LOSS, TARGETPay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Sell-signal
AUDUSD expect a pullback before continuing downsideContinuation of bearish pressure from the top of the consolidation range straight through the bottom support region. Again here, we’d expect some form of retracement at least to 0.7320 to retest the broken range before heading lower to 0.7200 on the way to that weekly support region. I did like the prospect of a test of the downtrend before heading lower which is why we are awaiting the confirmed retest of the range before entering shorts, however, it looks as though we will be seeing our downside targets before the trend-line is tested. On the lower timeframes it does appear that bearish pressure is slowing down but we may see extensions towards 0.7240 before the specified pull back.
GBPUSD- 'Not Long Left'The new low formed at the end of last week failed to break the previous low but has held at the same 1.3080 daily support region. This can be taken as the neckline of our potential head and shoulders formation. Moving averages have been holding price down nicely but the last H4 candle has broken the first level of resistance as price headed towards the 1.3150 upside target to form the right shoulder in the formation. Moving averages now look to be crossing over to the upside. This would usually signal buys but as we approach the 1.3160 region we should be weary of reversals. Price may extend as high as 1.3200 but unless we close above that region we remain bearish overall on this pair given the bearish sentiment from the higher timeframes.
EURUSD - H&S FORMING? - POTENTIAL SHORT SETUPEURUSD seems to be constructing a very nice head and shoulders pattern, the market in general is biased to the downside which is why I believe this pair will eventually hit 1.475-1.15.
The trend on the 4hr TF is still in tact so we may get a retest of this level before making a move south, my stops are set accordingly if this pair decides to rally.
We hit 78.6 (1.168) on our fib level and have began retracing back, this is not to say price will definitely come back down but does support the thesis of a continued downtrend.
Technical Analysis on USDCAD Sell on May 8 2018Trading View on USDCAD
Sell on 8th May 2018
Technical Retracement on USDCAD.
EP(Asia Market):1.2891
SL:1.2921
TP1:1.2861
TP2:1.2831
if the level price position at 1.2910, we could close above the trade position.
SYSTEM: Range Trading
Trade Management:
BE on 20 pips
Trailing 20 pips
Btc price just dipped below the buy sell signal :(Normally you want to look for at least 3 closes below the buy sell signal (50MA in orange) before you consider it to be a sell signal but we have currently just dipped below the 50MA we hav en't closed below it yet but it started when we reached overbought conditions again on the RSI then macd gave it's sell signal then we went under the t line also a sell signal and finally we are just now under the 50 MA. I still have great hope in this head and shoulder pattern but have pulled my position until I see a turn around. I plan on jumping right back in when I see he moment shift back to bullish unless I see more than 3 closes on the 4 hour chart below the 50 MA...at 10800 we have a solid buy wall that should allow us to rebound back up significant if the pruice action can reach that low before turning around. If it looks like the rebound is about to happen then now is a great time to buy the dip on that.If it looks like it's going to break under the 10800 mark that's your sign that we're probably gonna be getting a few closes under the buy sell signal which is a clear sign to go short...However I feel this is just the price getting a chanc e to reset from its oversold 4hr chart conditions and that once it does we will then see a rebound that will finally takre us up out of the inverted head and shoulders...Be very careful here in the next day or 3 we should know whether its best to go short for long term...or if we only need to go short until this rebound.
EURUSD Trading Plan for Tuesday At 5am EST EU unemployment data is coming out. This may set up a trading opportunity in the U.S. session tomorrow, Tuesday 1/9/2018. Price is currently sitting just ahead of an area of support between 1.195 and 1.1935. I'd like to see buyers step in around that area, perhaps as a result of the unemployment figures. If I see this I will be watching the 1.2 figure for a potential short later in the U.S. session.
I will be watching this setup and update this idea tomorrow.
sell orderthe downward trend is still not over. Since the levels of the downtrend were broken through. We expect the price to go down to the bills of the Fibonacci trend. It is natural to expect a miracle not to be worth and a long-term transaction. We have a good price to sell from the levels that we see in the picture. the mid-term will still be ascending and the longevity can already begin from the middle of February