EURUSD back to short trend?The bearish trend from last week can continue if there's a break of SR thus confirming the downward channel. Price can move all the way to the next major SR zone at around 1.122 level.
Enter as indicated to get a good 1:3.2 RR ratio trade.
Comments, idea's, let me know below :)
Good trading this week!
Sr
GBPUSD Short to major SR zoneThe 12 hour candle at the moment shows significant buying rejection coupled with a convincing selling run behind it. It looks like it will continue the sell run all the way down to the major SR zone around 1.41
If price makes that lower low, enter this trade for a good 1:2.8 RR trade
Idea's, comments, let me know below!
Thanks for reading and good trading :)
GBPCHF 6H chart, short on lower lowsGeneral trend has been bearish for many months. The pitchfork indicates the trend and the mean of this trend (the red line). The mean is where price is likely to reverse towards. At the moment it's moving around a strong SR zone (a channel and SR zone as indicated by the blue horizontal line).
When it does start making lower lows, there's a good entry here for a reversal to the median line.
Let's see how it develops the next couple of hours.
Comments or idea's, let me know.
Good trading!
NZDCHF Short to medianThe main trend on the daily chart has a bearish bias as shown by the pitchfork setup. Price at the moment is near SR and the median parallel line, There's a high probability for a short towards the median line (in red on the left). Price needs to make clear bearish moves first.
When price makes those lower lows, there's an entry possible for a 1:3.2 RR ratio trade.
Comments or idea's, let me know below.
Thanks and good trading!
AUDCAD H1 Short based on S/R zoneTrade based on S/R zone. Pinkish seems being stronger, however I am not very patient guy, so splitted trade into 2 - one already entered, another is limit order. SL the same for both, TP the same as well. This way I am feeding my unpatient nature :) Hah, Forex is a great lessons of itself understanding... ;)
GBPUSD H1 Small ABCD plus strong S/R D1 stron S/R plus zigzag and local S/R = I am bearish. When loss activated - I'd wait for retests and then go long. Profit target - erm, erm, quite interesting. Far far away as next strong S/R is not so close. Obviously some pullbacks are possible. Anyway - let us see.
Longing EURJPY at fibonacci cluster confluenceEverything is on the chart guys. Fibonacci cluster consisting of 2 retracements (.382 and .50) plus the 100 extension from the previous price retracement. All of this lines up perfectly with previous support/resistance + that we're in a bullish trend.
Good luck everyone and hold your thumbs!
EURUSD: SR line at 1.12700.1.12700 is a nice round number for a resistant level. Price has break the support level recently and I'm expecting the price to retrace to 1.12700 resistant area. I'm also expecting the price to be rejected by the level (first touch). I would go for a short position after price has reached the new resistant level.
Potential downside trend continuationPA has formed a nice pin bar on a previous daily S&R zone as well as in a weekly S&R area. The daily candle couldn't close above the previous day's high, which along with the substantial wick, indicates weakness in the pound vs the dollar
Looking for bearish confirmation prior to entering trade. Targeting the 1.46 to 1.45 area for profit taking.