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Structure-trade

GBPUSD 1.28504 + 0.86% * STRUCTURE & CONTINUATION PTTNSHEY EVERYONE Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective - The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like; * The dominating fears of the rising virus cases. * BREXIT - BREXIT deal remains more likely than in the coming week, but they have warned of the risk of no-deal has increased. - BREXIT is slowly re-emerging as a key driver for THE POUND. POUND/DOLLAR has a good support between 1.2691 - 1.2726 at fib level 0.618 which is FEB low 100 MA & 200 MA supports we may find some resistance at 1.2993 & 1.3200. lets see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP1 - 1.27385 TP2 - 1.26206 SL* 1.29542 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2
USDCHF 0.92490 - 0.41% * SWING CONTINUATION PATTERNS HELLO TRADERS Here's a look at the DOLLAR/SWISS which dropped again towards the 0.9250 area again a continuation of this move is highly possible from a technical perspective which would be a great opportunity for more aggressive traders to capitalize on this from lower time-frames but i just wanna target this from a swing perspective looking for longs with the bulls after this pull back. The momentum on the pull back is pretty strong so looking for the pair to find support at the 0.92042 - 0.91814 area before we can see or look for entries with the bulls. FOR NOW the pair is fairly bearish as US DOLLAR pulls back today across the board after last weeks rally - swiss franc saw some recoveries during the US SESSION. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
EURAUD (Daily) - TEST OF PREVIOUS STRUCTURE RESISTANCEWe've had a handful of trading opportunities on our radar, but most of them have stood still and have done nothing. Fortunately, the EURAUD has been a pair that's moved nicely & has given us a nice opportunity to short as price reaches the extremes of a previous level of structure resistance. Something that I told our traders to be on alert for with this opportunity is the "overlapping level of structure" as these are sneaky areas that newer traders typically don't pay attention to and because of that a common result is having their stops taken out only to see the trade ultimately went in their favored direction. Sounds familiar? If you go down to a lower timeframe (1 hour) you'll also see a double top which can be used as a reason for entry assuming it's still valid by the time I post this. I hope you guys have a great weekend & as always if you have any questions or comments about the setup, or just want to share your view feel free to use the comment section below. Akil
Short
by Akil_Stokes
10
UK100 6024.3 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL Hey Every-one Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any sort. let's see how it goes.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 6070.5 TP 2 - 6111.0 SL - 5985.5 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
USDCHF 0.91099 + 0.37 % SHORT IDEA * DESCENDING TRI.A STRUCTURE Good Day Everyone Here's an idea on the DOLLAR / SWISS which has been structure bound in a descending triangle respecting structure, the pair was just rejected at the roof of structure as we saw some DOLLAR recoveries upon market close this past week. looking for a continuation of this move to the base of structure/ support. looking for structure to hold on the pair let's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 0.90397 SL - 0.91611 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2