EURUSD SHORT IDEA! (RETRACEMENT) Looking at price making a push to the downside to either give us a nice short back to 0.99 or just catching a small retracement before then moving higher. Before taking this trade I want to see a bit more price action around this resistance area! Looking for even star formation on the 1-4 hr or a right shoulder second rejection..
Shortidea
USDCAD first SELL area 4 next leg down Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..
USDCAD is 1.38 going to be the reversal level!?! HUGE DOWNSIDEHave been watching very carefully around this resistance of 1.38 on USDCAD to see how price reacts. We have now had multiple rejections and another (FAKE?) push through followed by price quickly selling back off... we sometimes see these fake moves (breaking through levels) to catch the early sellers before the big moves happen... is this the situation with USDCAD?? I believe we have some downside coming, so like I explained I've got my eyes on a zone where if price fails it once more ill be opening a short for potentially a big move to the downside.
EURUSD WILL WE SEE A SELL OFF!?! IDEALooking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
GBPUSD BIG MOVE DOWN! LONG TERMLooking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very bullish which will work in our favour but remember been so bullish we can see a sell off at any point so make sure stop losses are always set and you update those stops when in profits! Good luck and hope everyone has a fantastic week!!
AUDUSD PUSH INTO 0.67 AT LEAST!As explained waiting for the retracement after missing the big move down, so a couple highlighted areas that I'm looking at hopefully getting a position to make the next move down. I'm targeting the area of 0.67000 at least as this is a huge support and price should magnetize to it.
GBPJPY SHORTS WAITING FOR CONFIRMATION!Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
GBPJPY SHORT TRADE IDEA!!!We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
Tutorial | How To Create An Order Panel Trading TemplateThe TradingView Order Panel doesn't currently have a template setting to save the order parameters. Here's a work around thanks to a comment from @thatjeph Appreciate it!
Instructions:
1) Using the Long/Short Drawing Function and drop it on a chart.
2) Adjust the levels to reflect the trade entry, take profit, and stop level. (Note: The default quantity is a bit weird)
3) Save the object as a Template named to reflect the settings.
4) Right click on the trade object and Select > Create Limit Order.
5) Boom - you Order Panel is opened with the trade setting from the order object.