Setups
GBP/JPY ANALYSIS + POTENTIAL SHORT POSITON Looking at the 4 hour chart I have identified that the Japanese Yen is going against the Pound and moving overall in a downtrend.
I moved over to the 1 hour chart to identify a set-up, therefore I looked for the most recent ended SHORT session within the market
and also identified the SWING HIGH and SWING LOW for the session and plotted my FIB retracement tool from the SWING HIGH and
dragged to the SWING LOW. The SWING LOW on the chart also represents a strong level of SUPPORT (132.78) and in recent past,
price went from 132.78 all the way up to 135.180 which formed the SWING HIGH, and then rallied back down to the area of SUPPORT.
Now price is currently around the support area and we are looking for price to move towards the upside and to target the 61.8% FIB level as RSI is indicating that the currency pair is becoming oversold and the buyers could take control.If price moves towards the upside, I will be looking for an ascending triangle formation to further back up my set-up. If all of the requirements meet for this trade set-up, then I will be placing a SHORT POSITION setting a 2:1 RISK REWARD RATIO.
Please let me know what you guys think of this trade set-up :)
I will post an update of this set-up whether I have placed this trade or not and why :)
USDCAD 2nd entry triggered vidUSD/CAD Pyramid Reversal Strategy (PRS) Super excited to share a textbook version of this entry. Feel like it's been a while since I've had such a perfect storm of a trade trigger in. Feeling super locked in and ready to ride this wave.
GBPUSD a good BuyHEy every one i hope every thing is going good .well this is my opinion about GBPUSD
HOT/USDT Adam and Eve Potential? Potential setting up here on HOT with adam and even maybe. It is current right on the 50 day MA and will need to see strong support there or could potentially go lower first to form more divergence which isnt the greatest ATM.
Interesting setup because it has a different pattern than most alts right now. #BTC Dominance also just lost the 200 Day MA so lets keep an eye on dominance as well to help out with alt setups.
Just for my own commentary not to be taken as financial advice thx
GBPJPY bull trend seems to continueFX:GBPJPY the bullish trend is predicted to continue. This can be seen from the price today which is there is a tail right now at the support level on the yellow line. But it needs to be seen that there is a kumo twist so to confirm the trend can continue to be seen from today's closing price.
NYSE Stock Picks: COP longNYSE:COP
NYSE: COP - CONOCOPHILIPS
COP has been seeing decent momentum to the upside with buyers beginning to regain control of price.
Buyers will be looking to breach the 63.70-64.00 and keep price above, if price maintains above these levels, it is expected to target the 69.50 as a 1st target then eventually aim for the 73.50 and the 76.30.
This trade setup is dependant on price sustaining above the 63.50.
Please like and follow to get the latest trade ideas and analysis.
(FX-NYSE-Crypto-Commodities)
DayTrade: Retracement on the GBPUSDFX:GBPUSD
After pushing lower, Price is finding some support on the 200EMA and if it cant breakthrough, with divergence setting up on the MACD as well as the squeeze, we might be looking at a quick retracement into the 1.3070-1.3090 where a Downtrend line is set up. of course, this is an against the trend trade so trade with caution. Also, the GBP and the USD will be waiting for the GDP releases today which can cause volatility as well as making this trade void.
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NYSE Stock Picks: UPS NYSE:UPS
NYSE: UPS
UPS has been trading nicely in this short term upward channel, price is looking to bounce off the lower boundary and head again to the upper boundary targeting 127.50.
A break lower will make this trade idea void.
Please like and follow to get the latest trade ideas and analysis.
(FX-NYSE-Crypto-Commodities)
Day Trade: EURUSD 1HR - Short after channel broken.FX:EURUSD
EURUSD
Well The EURUSD wasn't able to push higher and broke the channel found some support on the 200EMA, it is expected to retest the broken channel which will be around the 1.1150.
From there price can be expected to push lower to target the 1.1045 close to around 95 pips.
On the other hand if buyers were able to push higher than the channel, then the setup will be void.
GN DAILY PLAY:) GBPNZD 11/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
UJ QUICK UPDATE - PLAY WITH PENGUINS MAJORS ;D 3/12/2019Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
PIG in the box - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
Check our YouTube for more sauce :)
GOD BLESS U ALL!
GBP/JPY 4H LONG POSITION SET UP This is my upcoming setup for this pair.
Wait for the correction to HIT my BUY LIMIT, I’m taking this 1:3 RR and ill be ready to deal with this loss if this race will go against me :)
Do your own analysis and please comment your opinion down below.
Possible AUD/CHF Short Position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.67250
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.67250
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
USD/JPY Daily Resistance RegionEven with a weak US Dollar in the first half of October, USD/JPY showed bullish tendencies, owed to the additional Yen-weakness overshadowing the US Dollar’s own pullback. This strength in USD/JPY brought upon by an even weaker Yen has helped the pair to push up to a fresh two-month-high at a key zone of resistance that runs from 108.47-108.70 which ahs so far helped to hold bulls at bay. This includes a 200 ma just above and a a range o f prices that have shown in the past to provide liquidity from sellers.
High Probability Entry using Shoulders and Price ActionWhat we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you begin to realize that you are wrong and have to start to look for the exits and minimize losses. In the example on the German DAX index, there were some great opportunities to sell (off the shoulders when sellers stepped in at lower levels and buyers were forced to bail) with a defined risk profile that paid out handsomely...if you are able yo define the key zones and when traders will be put under pressure. Hope this helps and Happy Trading....TradeSetup.
What is the Pound up to?The GBPUSD has reacted off a potential BidZone although nothing is confirmed yet and the door could easily open up for a continuation of the weekly trend lower. Time to prep for a potential reaction higher and lower to be ready for each outcome if the setups play out.
EUR/USD bulls losing steam around the 1.1050 levelThe EUR/USD pair is printing its second indecisive candle around the 1.1050 level, with quite long upper wicks.
The pair is trading at a strong daily bearish trendline resistance, a horizontal resistance zone and the 61.8% Fib level, which could signal an end for the current counter-trend price correction and a continuation of the underlying downtrend.
While the Fed remained unclear on future rate cuts, we believe that the US economy is in a way better position then the Eurozone, according to recent macro-fundamental releases.
Would you sell EUR/USD around current levels? Let me know in the comment section.
