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Structure-trade

Reversal area on EURCAD!Hi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a lot this week, and in this particular pair it reached a key resistance area that could stop the rally and start a reversal. Why am i interested in this particular zone? Simply, look left and you'll notice some of the previous touches on that level that always provided with some good shorting opportunities. So the previous behaviour could repeat again. Plus, we also have an AB=CD pattern that's just completed and the RSI is way overbought. It additionally confirm the good spot we're in. So keep a look at the lower timeframes seeking for a shorting signal in price action, such as double tops, engulfings, pinbar and so on. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
AUDNZD: CTS Short Opportunity With gaps interrupting the majority of the pairs in my trading portfolio I'll be turning to more minor pairs in order to find trading examples. Following up on yesterday's Combined Technical Scoring System Strategy Lab I thought that this would be a perfect opportunity to share today. Obviously price has already began to react after running into previous structure resistance, but a retest of structure (double top or 2618) would provide a much more conservative entry into this bearish opportunity. Many of you enjoyed the article that I shared yesterday titled "The 1 Habit of Self Made Millionaires" so today i'll be doing a a Live discussion on it at 1:20pm (New York Time), relating it to trading. Should be fun!
Short
by Akil_Stokes
11
Trend Continuation Trade on NZDUSDHi guys, this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the lower timeframe (1h) right at the retest of the support that once broken could become resistance. Entry at market, stops 2-3 pips above 0,70 round number, first target at the retest of the lows, second target could go all the way down to 0,69. Let's see how it plays out. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Previous Support becomes Resistance!Hi guys, this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the lower timeframe (1h) right at the retest of the support that once broken could become resistance. Entry at market, stops 2-3 pips above 0,70 round number, first target at the retest of the lows, second target could go all the way down to 0,69. Let's see how it plays out. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Short on GBPUSDHi guys, this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen). I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice short. Stops would go above the highs, conservative target can go at the retest of the recent low, a more aggressive target could be at the retest of the lows at 1,2430 level. If you want to share your view or ask quesitons, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
GBPMXN Weekly and Daily - important levelsPrice on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level. Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level. Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both millionaires (the minority) and paupers (the majority) of traders. No liability accepted for any losses suffered. Paper trading accounts are recommended for those who wish to experiment.
by Captain_Walker
EURJPY - 1st Strike Trend Continuation The EURJPY was one of the main pairs on my watch list heading into this week of trading due to the fact that we had just broken a previous level of structure support. I took a small loss on an aggressive day trade on the 5 Range bar charts during this mornings Live Room session, but this was the first opportunity I had to get in as a swing trader. It's an aggressive sell once again, but due to the amount of risk & the risk reward potential of the trade it's certainly a trade that I'm interested in. If stopped out, my eyes will then be on a second chance short around the $119.00 price point which is a level where previous structure support has shifted to resistance in the past. I sent a video out of the initial analysis this morning & if I have the time later on the the week I'll try to put everything together so that you guys can see it as well. Good luck in the markets traders & keep an eye out for those WED FOMC Minutes. Although it's a USD based release, the USD & the YEN have been in a fierce battle of save haven pairs so I would certainly expect to see some type of reaction. Akil Stokes Forex Trader & Trading Coach
Short
by Akil_Stokes
16
Head & Shoulders on NZDJPY!!Hi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where i'm going to pay attention to: previous resistance and previous support. If price will give us a weakness sign i will be buying this. If you have any question or you want to share your thoughts about this, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Head & Shoulders on NZDJPYHi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where i'm going to pay attention to: previous resistance and previous support. If price will give us a weakness sign i will be buying this. If you have any question or you want to share your thoughts about this, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
Structure Exposed!!Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If the current candle will reject again that level i think i'm going to buy. Stops obviously below the pin, target1 and 2 with 382 and 618 retracement. Always look left. Structure leave clues! If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Structure Exposed!Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If the current candle will reject again that level i think i'm going to buy. Stops obviously below the pin, target1 and 2 with 382 and 618 retracement. Always look left. Structure leave clues! If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2618 on AUDCADHi guys, few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade. Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy). Stops below the lows, target 1 and 2 as in the chart above. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
AB=CD Patterns unfolding!Hi guys, this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level. RSI is in overbought condition on the 4HR. Pay attention to price action. I'm waiting for a sell signal. I'll keep you updated! If you want to share your viewpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
7
GBPUSD at a decision point! Will it hold?Hey guys, today i want to bring your attention to GBPUSD. As you can see, looking left, there are multiple structure level that acted as supports or resistances. This level also lines up with the 618 retracement and a psychological number. So i'm going to look for a double top or a simple candlestick formation right there. I'll keep you updated. If you want to share your standpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
AUDUSD bunch of clues!Hi guys, just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing. So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long. In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence. In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio. Hope you like it! If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
9
AUDUSD nice confluence!Hi guys, just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing. So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long. In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence. In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio. Hope you like it! If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EURNZD has to decide where to go! Will it break or will it hold?Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along with structure) so any other candlestick signal would make me sell at market. Nonetheless we should be ready to change our mind if price breaks the structure yellow zone so that we can take advantage of both the situations. Never be unprepared! Think ahead! I'll keep you updated. If you want to share your standpoint, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURUSD buy opportunity Good morning traders!! I just got long EURUSD. However, there is something important to note here. I believe that this pair will at least test 1.0621, but I don't know if it will do so from here because it could also do it from the lower level. In other words, if this trade fails, I will be ready to look for an opportunity on the lower level of structure. I got long on that huge pin bar at structure. Hopefully we will see some momentum to the upside.
Long
by GasperiniGS
2