Simple
Simple Trade - Respected Support Level for Short ActionSimple Trade for respected support level at H1 Time frame.
We could take action for short and don't forget to put your Stop Loss.. the price is bullish after have a wick avoiding the support level, it is a good sign for us to take action to buy for short.
#Simpletrade
GOING FOR IT AGAIN Seen a nice entry off the M1 price is at weekly demand I already entered and closed this trade before as I didn't like the transition coming from the lower timeframes but I literally hopped on for pre ny session and as I opened my tradingview it just so happened to be on the m1 for audpy and the entry opportunity literally was like a suprise birthday party no cap .
NZDUSD BUY ??See daily demand being reached for NZDUSD , and ill be looking for a buy opportunity but no guaranteee just a potential opportunity presenting itself , after I previously took the sell previous sell I took from weekly supply zone that I posted previously are attached below
- This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
USDJPY - Trading with the Flow - Simple MTFA + ScreenshotsHi Traders!
The market is in a Downtrend.
You'll discover the behavior of the market for the daily, H4 and H1 Timeframe.
This is called the Multiple Timeframe Analysis (mtfa).
So let's start with the daily:
At first we drew the most important (turquoise) Levels.
Then we drew the descending and at last the ascending Trendline.
The connection of those trendline results a Triangle.
This Triangle isn't bullish or bearish; it's neutral.
But the bearish pressure is higher, because of:
- You already know the market is in a Downtrend.
- The 50 EMA is resisting and touching the price.
Now we switch to the H4-Timeframe:
Here we analyzed the price action behavior of the Up- and Down-Movements.
As you can see, the Down-Movements are more aggressiv and more straight then the Up-Movements.
Of course it is sometimes the otherway round, but mostly it is like this.
Finally, we get to the H1-Timeframe:
The market is moving in a ascending Parallel Channel.
Pay attention to this:
The most recent high was lower than the High before.
So this was lower high.
In addition the price reached the D1-Trendline.
Our Trading Plan is this:
If the price breaks and closes below the Channel, we short.
The SL is above the recent High, the TP at next conservative Level.
We recommend to trade the market with a Risk-to-Reward ratio (RTR) of at least 1 to 1.5.
Thanks and successful Trading Week :)!
HSP PatternSo if you dont know i like the head and shoulders pattern there is something really familar with the psychology of the trade on this pattern. heres the confluence:
1. HSP 4h
2. Market structure on 1h and 4h time confluence
3. candlestick analysis BE
4. failure zone on Right (S)
5. Bear structure 1h
USD/CAD - Which way?With all my trading ideas they are all unbiased reason why - the market is unpredictable. Whatever the market throws us, we are ready to execute. If it goes above the range, we will go for buy, if it dips below range we will then continue to sell with the beautiful dollar weakness. Go to lower time frame, to perhaps trade the range or break out when it occurs. Enjoy!
This is just trade idea, not a trade recommendation.
Buy “Lower”, Sell “Low”For the past month (June 2020- July 2020) this stock has traded at 2 different price points. Although volume is low, I see it as an opportunity to buy stock at .005 and sell at .001 on a repeating basis with limit buys (.005) and limit sells (.01) set. This has continued to be profitable strategy for me and is available on the Wealth Simple app (Interesting because there are not many stocks under 50 cents available to trade on the app)
Gold on it's way to near term highs June has been a choppy month for Gold to say the least - with many rallies failing to break through to any substantial levels. We've now broken through a well respected resistance level and tested once, potentially turning this into support. If we can hold this rally our fib retracement shows substantial upside gain, taking the price of Gold to our first target of 1765, followed by the 1818 zone.