AUDJPY Technical SetupWait for the confirmed break and H4 close of the support trendine before entry. If we do close below the trendline , expect price to move toward the targets (blue boxes). After TP1 move SL to B/E.
Setupoftheday
Possible GBP/JPY Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @144.66 - .... and fall to the @141.200. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 141.400
FX:GBPJPY
Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 141.200
Target 2 @ ....
Risk/Reward @ 4.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible AUD/CAD Short Position!! By Ben WrightSMP Trading
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top
B – Beliefs
Market will meet resistance @0.946 level and fall to the @0.94 level. In order to enter, the pair needs to be rejected by the Bollinger Band line
FX:AUDCAD
Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 0.94
Target 2 @ 0.
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Join our Tier 1 Mentoring Program TODAY!! twitter.com
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
EURJPY LONG ACTIVE TO 126.000Posted this set up last week, however due to technical factors not aligning the trade set-up was cancelled. Following Friday's bullish engulfing closure breaking out of the range-play, Euro now looks set to advance into the 126.000 weekly key region.
GOLD neutral bias | 2 possible scenariosNeutral bias on Gold at the moment, after respecting the break of a descending trend line & rejecting higher prices for 2 weeks we finally saw strong bullish momentum on Friday that broke back above the trend line.
Now we are anticipating one of the two scenarios marked on the chart to play out.
Scenario 1: Price will break above the nearby resistance zone & 0.768 fib retracement level & then retest the fib level & ascending trend line from above, this is where we would look to enter short trades.
Scenario 2: Price will decline back beneath the ascending trend line & start a decline. If price breaks below the 1281.00 support we would anticipate a bigger downside move. We would enter shorts on a retest of this level from below.
Upside & downside targets are listed on the chart.
Updates will be posted as this trade progresses.
Long AUD/CHF!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4 Hours
Actions on -
A – Activating Event
Currency Pair bouncing from support line.
B – Beliefs
Market will find support at current levels and move towards the first Target 1 level @ 0.71
FX:AUDCHF
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 0.71
Target 2 @
Risk/Reward @ 1.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible Short Position AUD/USDSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @0.722 level and move towards the first Target 1 level @ 0.715
FX:AUDUSD
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @ 0.715
Risk/Reward @ 2:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible Short Position CHF/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @111.600 level and move towards the first Target 1 level @ 110.150
FX:CHFJPY
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @110.150
Risk/Reward @ 2:4
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible Short position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750
FX:EURCAD
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @79.750
Risk/Reward @ 2:21
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
CAD/JPY Short positionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top.
B – Beliefs
Market will be rejected at @84.82 level and move towards the first Target 1 level @ 84.3 level.
FX:CADJPY
Trade Management
Entered @ 84.82
Stop Loss @ 85.14
Target 1 @84.3
Risk/Reward @ 2:1
Happy trading.
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible AUD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Triple Top .
B – Beliefs
Market will be rejected at @0.723 level and move towards the first Target 1 level @ 0.72 level.
FX:AUDCHF
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @0.72
Risk/Reward @ 1.5:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BITCOIN TO 61XXThe pullback to the untested level of 61xx is overdue. The chart describes pretty much everything. I see price making it up to somewhere close to the blue horizontal line I have and then a massive retreat down. With everyone turning into bulls very fast, dumpers have one more to go before the books get to bullish, and before they get bullish themselves! We don't have that many shorts to squeeze so I don't see a giant move up just yet. The drop will free the lower in the order book long liquidity after this corrective move, and then we board the Falcon Heavy. Hope this helps.
Oh- we might go a a % or two up first to free some short liq to drive down. Could be a fun opportunity to practice wick catching skillsz.
Though my ideas tend to work out don't follow this, this is not financial advice, and I would quite frankly do the opposite.
- Namnaste'
Cuz I catch wreck on any cassette deck- so ahead of my time my parents haven't met yet.
AUD/USD finally turns and sets up (idea update #4)This was the sequence I was waiting for all week.
Bears reclaim control with strength, the move slices through the entire zone, THEN price stalls....it's a beautiful thing.
Please refer back to the attached ideas/charts from earlier this week, you'll see my commentary. Specifically, it's the strength of the move through the level that put this pair back into playable territory.
BTCUSD Short-term moveBITFINEX:BTCUSD COINBASE:BTCUSD
With the change in the momentum and price staying above 200 EMA, it might be a time for a small movement upside. We'll see what kind of structure it forms there :)
DXY Short DXY has came back up near resistance watching for break or bounce scenario. My bias is short as DXY has been unable to stay above 95.00
Watching 1H and TF for entries.
ETHUSD - Sideways a bit then expecting a Breakout- Formed a symmetrical formation to show an indecision for further correction or resume uptrend as following higher timeframe charts
- It depends on your trading style to call for an early bias when price breaks up with aggressive entry or passive one
- A break through to 770 would confirm an uptrend structure and price could go much further
- Anything below 770 still keep trend in consolidation and turn pattern into other forms such as ascending triangle - another consolidation form.
- You can trade in lower timeframe for Buying Low and Selling High during a ranging day like this
GBPUSD- BUY SETUP - AN EASY TRADE TO FOLLOWGBPUSD is looking to give us one more correction before it's move up.
Once it retests the trendline look for another buying opportunity.
This should be a good trade for next week Tuesday.
AUDNZD LONGTERM LONGHere is a massive setup on the weekly timeframe offering massive potential. This scenario becomes invalidated if price breaks below 1.04
Ryanair #RYAAY long term longs at monthly demand levelStrong Monthly demand imbalance created around 86 price area on Ryanair Holdings. Long term bias at monthly and weekly demand levels in a clear uptrend, buy at monthly and weekly demand zones
Actually Position - Long Opportunity Chart: Daily
If you look at the weekly chart, you can see that we have a strong long trend. So I think the next big movement could be the continue of the trend. Thats why I placed a Market Order, and now we just have to wait! Maybe we know more after the big economic event on Thursday in Europe or on Friday in Japan!
Stay tuned!
Actually Position - Long Opportunity Chart: 4h
After this big move to the upside, I am waiting for the recovery to buy a long position =)
