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Structuretrading

EU this week... Strength and PowersUpdating my charts for the week so far, I've missed three trading opportunities. One I stayed out of and two I slept through. Alerts help but sleep is important. I wish I had set alerts. I'm happy to miss a couple trades if it helps keep my health up. ps. I'm paying (by not profiting) for sleeping in though, that was a beautiful trade and my system would have gotten me a 10:1. No stress, keeping an eye out for more opportunities. Practicing my charting, it really helps to follow my own journey and maintain consistency. Details on chart. Hindsight is great isn't it... Feedback welcome. ~Blessed Trading~
Long
by x_2_4
4
GBP AUD - back in longs after 1.765 structure rejectedHello traders and analysts, we have a nice update to GBP AUD - now the weekly and monthly zone has been touched and rejected - the bulls are in play now COT data: Pay attention to the Long positions added back in June. The sentiment has changed dramatically Aussie cot Data - Date Long Short Total %Long %Short Net Change 14/07/20 45,543 41,293 86,836 52% 48% 4,250 4,944 07/07/20 44,740 45,434 90,174 50% 50% -694 2,214 30/06/20 40,025 42,933 82,958 48% 52% -2,908 1,902 23/06/20 35,974 40,784 76,758 47% 53% -4,810 1,722 16/06/20 31,685 38,217 69,902 45% 55% -6,532 30,043 09/06/20 29,912 66,487 96,399 31% 69% -36,575 4,216 GBP COT 14/07/2020 43,175 56,761 99,936 43% 57% -13,586 2,822 07/07/2020 39,892 56,300 96,192 41% 59% -16,408 4,582 30/06/2020 34,424 55,414 89,838 38% 62% -20,990 -2,474 23/06/2020 29,654 48,170 77,824 38% 62% -18,516 -2,518 16/06/2020 29,378 45,376 74,754 39% 61% -15,998 8,050 09/06/2020 28,893 52,941 81,834 35% 65% -24,048 11,996 Technicals: What can we see technically? - Daily bearish but breaking momentum short in the channel. - weekly bearish - monthly also bearish - - strong Aussie and Strong GBP - bounce from the demand zone - this has now been completed - we can see the trend beginning to add long positions to correct - this has now occurred. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed and a reversal to the upside - this has been boosted by GBP Tuesday as of writing. -AUD USD ranging market looking to break 0.715+ for upside strength. -Large downside gap to fall to if price looks to create a new low structure in bearish confluence and momentum trading. - COT report in favour of AUD however, risk off will shift sentiment to immediate bias. Fundamentals Aussie is a commodity currency so is highly affected with exports of natural resources, Gold , Oil , Grains, Copper etc. Victoria lockdown has caused issues for the restart of the border openings USD outlook affects the progress of strength for Australia. Coronavirus within the US sees an affect on the economy for the US as a result affects directly Australia where the index correlates. USD sees 1Trillion package for stimulus package. GBP - lacking a trade deal can affect the GBP on the world stage - but positions are being added so this is good for the GBP gaining strength against majors. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Many thanks for your support to our existing and new followers. Much appreciated Thanks, Team Lupa.
Long
by LupaCapital
EURZAR on a weekly support 🦐The market after retracing till the 0.5 fib level is now putting pressure on the weekly resistance in red. If the market will manage to break and close below the structure we can look for a nice short order according with our strategy with a huge rr. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
It's not over, just pullback. Bids @ 7150 and up #BTCUSDDaily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap. If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon But, that consolidation could go on for awhile. I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or get in around daily cloud support. Looking for retest of the Daily cloud top, volatility consolidation, and QRsi trend test and/or build new qrsi flag. 7150-7400 is where I guess support will be depending on the velocity if / when we dip.
COINBASE:BTCUSD
by SNOW_CITY
Short on emerging pattern recognitionMultiple setups on this trade 1. Price action pin bar confirmation shows short term continuation of the downward trend, previous structure lower low has come in contact which is also 38.2% fib level. 2. longer term Head shoulder pattern is emerging which is also pointing downwards. Trading plan 1. Trade at open 2. With stop loss to be set at 50% fib levels 3. 1st target as the previous structure low also a support from earlier consolidation 4. 2nd target to aim previous low which would confirm the emergence of the head and shoulder pattern. Good luck! Stay disciplined, else the market will discipline you!
LSE:BEZShort
by BeardedQuant