GOLDEN DAX Take Profits 364 pipsGood day, snipers. Our previous analysis played out well and now we banked 364 pips so far. Take profit was clearly hit! Enjoy the free money.
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GET THE BAG SNIPERS!
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AUD/NZD Wait for a Better ShotGood day, snipers. Here in the AUD/NZD , we never got the rejection candle on my previous analysis so, we didn't take the trade. Now price broke a resistance level and retested it. Price also is no longer making lower lows and highs and no longer below the 20, 50, and 100 EMAs. I will just be looking forward to a better risk : reward ratio before entering.
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AUD/NZD Bears In Control?Good day, snipers. Here in the AUD/NZD, we are about to retest the minor resistance zone formed in lower and higher time frames. This zone was also considered as the 61.8 Fib level, where I expect movements to the downside. RSI also shows it is in overbought territory. I will be looking for a bearish confirmation before going short. If price makes a higher high, I am out of this trade, that's why stop loss is quite tight.
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NZD/JPY Bulls Rejecting BearsGood day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I am out with -10 pips.
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AUD/JPY Take Profits 40 PipsGood day, snipers. Our previous analysis played out well and now we banked 40 pips so far. I placed stop loss at entry now and let's see if this thing continues to SKY ROCKET
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
CAD/JPY Take Profits 32 PipsGood day, snipers. Our previous analysis played out well and now we banked 32 pips so far. I placed stop loss at entry now and let's see if this thing continues to fly to the sky
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
USD/CAD Take Profits 34 PipsGood day, snipers. Our previous analysis played out well and now we banked 34 pips so far. I placed stop loss at entry now and let's see if this thing continues to melt.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
AUD/JPY Let's be a BullGood day, snipers. Here in the AUD/JPY, I really believe that the Yen has a strong potential to climb higher, specially when Australia has 5 million people back in lockdown, so I am expecting a downfall to the AUD. In technical terms, price seems to respect the short term support and the 38.2 Fib Level, and also bounces off the long term support found in the Monthly time frame.. We are also at the bottom of an uptrend trend line that has started in the daily time frame.
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USOIL Golden ShortGood day, snipers. Here in the USOIL, we can see that price is at the Golden Zone, the 61.8 Fib Level and is also a key area of resistance. Price is also in an overall downtrend so, I would be looking for shorts only. We just have to wait for a bearish signal like a candlestick pattern to confirm that the bears have stepped in.
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NZD/USD Bulls Lack PowerGood day, snipers. Here in the NZD/USD, we can see that price continuously rejects the resistance above. I am not looking for short setups here, since we are in an uptrend. Price also respects the 20 EMA that it bounces off of it. If price breaks the above resistance, I will be looking for that retest of the zone and a bullish signal that bulls have successfully stepped in.
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CAD/JPY Long When Market OpensGood day, snipers. Here in the CAD/JPY we are in an overall uptrend, so I would only be looking for long setups here. As you can see, price rejected the previous support with a red candle and a long wick closing above that support zone. Also, price seems to bounce off the minor resistance level which happens to be the 38.2% Fib Level, too.
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DAX Wait for the Dock at FibGood day, snipers. Here we have the DAX Index where I plan on entering when price hits that 78.6 Fib Level, because entering now would expose you to too much risks and a not so god risk : reward ratio. We can see that price broke through that resistance turned support and is now approaching the weekly strong resistance level. Price also obviously respects the 100 EMA and keeps rejecting and closing above it. Also, we are in an overall uptrend, so I am only looking for long setups in this index.
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XAU/USD Buy Before Bulls Step InGood day, snipers. Here we are again on an analysis on Gold. I am looking for price to retest that support zone and 50% Fib Level before going for a long order, for better risk : reward purposes. This price movement is to be believed as a consolidation period after Gold hit all time highs since the past few years. We ride the overall uptrend and I will just be looking for long positions now. Take Profit 1 will be placed on the Strong Resistance Level and Stop Loss just below the support and 50% Fib Level.
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USD/CHF Good ShortGood day snipers. Loving this setup right here. First, after price broke below those ranges, I only consider looking for shorts due to that over all downtrend. Price also rejected the 78.6 Fib Retracement Level previously, and broke through support turned resistance. Long wicks showing price keeps rejecting the resistance zone and price closed below the 78.6 Fib Level. Also, price seems to be on top of a recent downtrend channel .
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USD/CAD Short Immediately?Good day snipers. I have been monitoring this trade in the past week and looks like price has rejected the resistance zone again with that bearish engulfing candle on the 4H. It also has been rejecting the 23.6 fib level retracement several times now and an overall downtrend on the 4H and 8H time frames. Stop Loss would be just above that resistance and fib level. Decent 2:1 risk:reward ratio where the take profit level would be on the strong support zone .
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XAUUSD Long Yellow zones- critical zones based on the monthly time frame
Red zones- critical zones based on the daily time frame
Blue zones – critical zones based on the 4h time frame
Like I said in my 1H Gold analysis before the price went up - last COT Gold report came out bullish and no changes that could indicate a short momentum are noticed.
We are at the highest price since 2011 and the 1800.000 area has been finally reached. Which means that we have a 4h candle close above the monthly critical area. Now it is important that we see a strong bullish confirmation above the upper-trendline of the closed triangle structure. This will be a strong bullish confirmation.
There 2 scenarios:
1. Most likely the price will go towards the second monthly critical above the 1855.000 area and when it reaches it a strong rejection may come. If this happens, support from the 1800.00 zone is expected.
2. Less likely to happen: a rejection from the 1800.000. This will make the price fall towards the 4h critical point near the 1745.000 mark, where a second bullish attempt may take place.
Happy Trading!
Follow EURCAD!Once you know that we expect EURUSD to rise and USDCAD to rise
it is completely normal in their progress compared to the expectations to see an increase in EURCAD as well.
You can use Lot distribution between the three pairs and thus better manage your risk.
Resistance levels:
1.5458
1.5716
1.5919
EURNZD possible longok we can see a reversed head and shoulder is forming on 1H time frame along with a double bottom on 15min time frame which is a confirmation for long and on the 0.5 and 0.38 fib level we can spot price rejection we still nedd candle stick confirmation on this to go long but the R:R on this trade is surprisingly well remember the horizontal ray are the target point which you need to move your sl whenever we hit each of them and for stoploss i put it under 0.38 fib level and below the rejection for double bottom pattern so its as safes as it gets
if you have more questions or opinion on this one please share it on the comment section
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