#euraud buy #ideain my opinion that will be amazing trade with good risk to reward use proper risk managment
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EUR/NZD DAILY HEAD AND SHOULDER BREAKOUTPrice Action (Technical Analysis): Speculating current price action, we have a Daily Head and Shoulder breakout and pull back. 4H Consolidation at previous structure level.
GBP/JPY Short Swing Trade OpportunityPrice Action (Technical Analysis): Bearish momentum is increasing at our annual support, weekly time frame: we anticipate seller pressure to continue to potential target as we speculate price action. Market needs to settle before we can enter short on the Pound/Yen, Daily time frame: we have price pullback at previous level of structure. Last time price broke below and tested key swap level, trend continued to targeted exits. We do not enter until we have a clear, settled market with either a Mark Up indication or Continuation in Distribution.
Fundamental Analysis: 27% Bearish Sentiment Outlook, Latest Brexit update for the Pound is starting to reflect. We understand that the BOE is anticipating a more dovish policy, leaning us towards a downward continuation, complimenting our technical factors.
USOIL MARKET BREAKDOWNPrice Action (Technical Analysis):
(4H Time Frame) Following up our Mark Up phase completing at a key level of resistance, price is consolidating, as price is not breaking higher highs after 3 Impulsive Waves. We tend to anticipate a Seller momentum breakout as price is accumulating right above our Golden Fibonacci Level giving us more reason to anticipate a bearish breakout.
(Daily Time Frame): We are in a Bullish Market which overrules our lower time frame analysis, daily support is our bullish 61.8% retracement, Price breaking below that level of support would've indicated a break in trend but because price respected it, bullish momentum increased massively. I'd like to see price either break and close above 66.07 or price retest 58.75 one more time to continue Long (Price is above 200 Day EMA, Bullish confirmation). If price breaks below support level, i'll expect a retest before going Short. Following our RSI indication we are close to an oversold market.
Fundamental Analysis: Reason why price is consolidating at a very key level, giving us reason to go either way is because we are in a very intense week with G20 Nations, bringing uncertainty to the market. The US-CHN deal is also spoken about throughout key investors, Investors/Traders tend to Sell in uncertainty. To soon to call which way USOIL will go, be cautious of any headlines being released. We have high volatility where price is rallied, we can expect the breakout of either or to be big, until then I anticipate USOIL to progress very slowly.
US30/USD Short Swing Trade Opportunity Price Action (Technical Analysis): We are currently at our yearly resistance level and start to speculate price consolidating indicating us that Buyers are decreasing momentum as we anticipate our next move being in a Overbought market, would be our markets distribution phase. Last time price got that high, we saw multiple pushes down. Seller momentum overload, purely Price Action analysis would tell us to short US30 until 24794.
Fundamental Analysis: Knowing this week will be a very important week for all currencies as 20 Nations will come together also putting an end to this trade war, I see price not making as much impulsive moves breaking it's consolidation market until further news is released.
GBP/JPY LONG OPPORTUNITYPrice Action (Technical Analysis): Simply price action rules being executed on the Pound/Yen. Price broke and close various long bullish candles above our swing low, Price is bottoming out at a very respected level which is our daily support. Price continues pushing up and using simply structure and trend analysis, I see the pound continue to push up. This is an idea worth looking at.
Fundamental Analysis: None.
USD/CAD LONG OPPORTUNITY Coming into the Hourly time frames, before we are set up for Weekly/Daily Swing Trade Short Opportunity that I previously analyzed in my other chart analysis, we can trade the breakout of resistance with a break and close above or we can wait for price to test the level of structure that was broken. I will not trade this idea because my mind is set to trade the Swing Trade we are prepping for, I do not have much interest in trade corrections in the market. Feel free to take this trade/Idea into your own trading, I suggest finding a 2:1 or 3:1 Risk/Reward Ratio Best of Luck...
USD/CAD WEEKLY TREND BREAKOUT Price Action (Technical Analysis): It is not rare nor surprising to see price repeat itself, Weekly time frame I have anticipated this breakout as we saw price previously breakout and distribute itself all the way to our Weekly support. I'm expecting Sellers to dominate as we are ready for a short opportunity, we do not see price breaking higher highs and higher lows weekly, in lower time frames we are gaining more reason to go short. A big push down (Impulse) would give us more confidence to enter this Distribution Phase.
Fundamental Analysis: We do not have any Major News today that would put our idea into a 50/50 idea.. however we do have very important news happening tomorrow with the Greenbacks. Following ahead of Tuesday we have G20 News starting up & USD-CHN Trade War can easily affect all price action ideas. Stay updated with News and anticipate big moves happening.
I''m not one to push this as much as this is just an Idea for Traders to see opportunity in but use very good risk management and be patient as the market does not just move Up, Down, Sideways.. as Traders we should expect fake outs. This is why having a Price Action Strategy with a set of rules can build confidence and a Highly Improved Trader. Best of luck to everyone this week...
EUR/USD BULLISH BREAKOUTPrice Action (Technical Analysis): Our current watch listed pair has broke out from a key level of resistance, this gives us a confirmation of EUR/USD beginning it's marking up phase and confirming the market is being turned over to the bulls as price is done accumulating. We can expect price to test previous level of structure that was broken before going long again. Beware institution is very good with pushing price down fooling Traders. 1.13470 is the price we will look around to find more reversal confirmations before placing that trade. Leading us to more potential Bullish Price Action ideas...
Fundamental Analysis: Confirms Bullish Ideas
CAD/JPY MARKET BREAKDOWN ANALYSIS I don't have much reason to be looking for entries in this pair currently as we are at a level where price can continue Fibonacci Extension to it's ideal 100% or price can reverse and break into higher highs pushing its way back up to daily resistance. Breaking down structure and trend of the market allows us to find opportunity give or take around Monday night - Tuesday after price starts to show us indications of market direction.
GBP/CAD SHORT OPPORTUNITYPrice Action (Technical Analysis): After completing what we see is a Major Downtrend, we expect to see price correct itself after sellers began taking profit massively after a break and close above previous level of structure. I'd like to see Price in the hourly time frame retrace 61.8% before expecting higher highs. In the meanwhile we should let price accumulate and make it's way to our ideal Short Entry, trading corrections and impulses back-to-back is a bad habit of retail trading.
Fundamental: Upcoming week we have a lot of Major News dropping, we cannot expect Price Action to be our only confirmation as to where price goes. Red Folders of either currency can affect this pair, also not forgetting correlation to this pair. This means Trading the Correction we expect when the Market opens is like Trading with a blindfold on or like playing Russian Roulette. We wait patiently...
EUR/USD LONG SWING TRADE PRICE ACTION IDEA (Technical Analysis)
Price has hit and accumulated at Weekly Fibonacci Retracement Key level 61.8% (Major Uptrend)
Price is pushed up with hawkish weekly candle behavior(engulfing candle)
Price seems to be pushing up both to the top and end of the descending wedge signalling price is attempting to breakout that trend
I'd like to see price test the minor level of support 1 more time before entering.
If entry is denied and price breaks through minor level of resistance, it'll confirm bullish trend continuation & descending wedge break out.
That's why i've analyzed the 2nd potential entry idea.
Risk/Reward Ratio 3.0+ with proper Risk Management Loss 1st Long Position would be $1.00 w/ Micro lot & 2nd Long position $2.20 w/ Micro Lot
However, stay updated with Red folders & all around Fundamentals as they can go against any Technical ideas and not have to make any sense Trend or Pattern wise.
USD/JPY LONG OPPORTUNITY After Fundamentals complimented the major downtrend the dollar/yen was continuing. We speculate price as it starts it's accumulating phase in the market (RSI signalling we are in a oversold market) prepping Long Opportunities after a break out of Price's Swap Level 107.800
A breakout after the consolidation period followed by multiple technical and fundamental confirmations will set us up for a very nice pullback entry.
XAU/USD LONG OPPORTUNITYI'd like to see Gold pull back to previous price 1290, landing at it's support level. Giving us more probability to go Long.
Eur/Jpy - SellI have done some analysis on the Eur/Jpy pair, looking at this I think that the price action will head down towards the support zone at 122.3880 it will test this zone and then head back up towards the trend line.
Once the price action has hit the trend Here is where I will be looking to enter the trade as a long term sell. An entry point at around 123.2465, SL @ 123.6023 and then a TP @ 122.1350.
Let's see what happens with this one
EUR/USD - SellI've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well.
To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action will head down towards the support zone and against test its a large zone on this one and I will be keeping an eye on it to see where the best entry point is for me
I think that it will retest the support zone and then head back towards the trendline at this point I will look and a buying opportunity to get a few pips off the market but with the view to closer and finally entering a long term sell trade which once it has hit the trendline and started its descent I will place my TP where the support zone is and my SL at 1.13030.
GBP/USD - SellI have done some analysis on GBP/USD I think that long term it is a sell trade but if you're looking at getting a few pips then It might be worth putting a buy trade on I'll put more info below on if you're wanting to buy
From looking at the chart I think that the price action will continue on a bearish trend until it hits the support zone which it will test and bounce off and head back towards the trendline this will be a good opportunity to buy in providing that you see the correct charting pattern confirmation to get a good entry point. Support zone starts at 1.2860 set yourself a price alert for when the price action hits this.
Once it has hit the zone and headed back towards the trendline it will test the trendline and bounce back off it and this is where I will be looking for my entry. I will be looking for charting patterns and candlestick formations to confirm that it is the right time to enter. Below are roughly where I may enter this trade.
EP: 1.3060
SL: 1.3269
TP: 1.2800
The EP and TP may adjust according to the charts and where see it to be a good entry these are just rough estimates
Let's see how this one plays out...
GBP/USD BUY SIGNAL TRADE AT YOUR OWN RISK!!TRADE AT YOUR OWN RISK! BE PATIENT.
THIS IS MY BUY SIGNAL AND WILL UPDATE WHEN TO TAKE PROFIT OR TO PULL OUT.
WILL BE PUTTING OUT MORE SIGNALS AS I CONTINUE OBSERVING THE MARKET. IT BEING MONDAY STILL MEANS MARKET ISN'T FULLY SETTLED YET.
TOMORROW, TUESDAY PRICE WILL ALLOW US TO HAVE CLEANER SET UPS. STAY POSTED.
STOP LOSS: 1.2900*
USD/JPY DAILY SUPPORT BROKEUSD/JPY DAILY SUPPORT HAS BEEN BROKEN TODAY. LOOKING FOR PRICE TO CORRECT ITSELF BACK TO THE SUPPORT THAT IS NOW OUR NEW RESISTANCE AND WILL UPDATE OF POSSIBLE SHORT ORDER. STAY POSTED AND STAY PATIENT.
GBP/USD SHORT POSITION IDEA FUNDAMENTAL ANALYSIS: THE POUND HAS BEEN VERY STRONG HOLDING ITSELF VERY WELL. CURRENTLY WE HAVE USD LOOKING VERY WEAK AS TALKS WITH CHINA HADN'T GONE AS EXPECTED, STILL TO EARLY TO CONFIRM WHERE THE USD STANDS BUT WE ARE GETTING BULLISH TONE IN THE POUND.
TECHNICAL ANALYSIS: AS MARKETS START TO SETTLE IN, WE ARE SPECULATING PRICE BOUNCING OFF THE DAILY FIBONACCI .618 LEVEL. IF PRICE RISES TO PREVIOUS RESISTANCE THEN THAT'D CONFIRM A DOUBLE TOP THEREFORE LOOKING TO TARGET THE DAILY SUPPORT, BREAKING OUR TREND AND LEADING TO A BIG POTENTIAL SELL IN THE FUTURE.
USD/JPY - Short - D1I am new to trading & any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques.
I have done some analysis on the USD/JPY . The analysis has been done on the on the 1 day chart
The price has just touched the trendline now I will be going short on this pair when the market open on Monday, as here is a good opportunity to sell. this trendline has also been tested 5 times also showing that it is a strong trendline. I set my resistance Zone at 114.018 as this zone had been tested around 5 times and looked like a strong zone. The support line has been plotted at 104.118 this has been tested twice this is also where to TP will be set. It has just gone below the EMA and tested on the last day before market close so I will see what happens when market opens.
I would place my:
EP @ 112.200 or around that area
SL @ 115.000
TP @ 104.118
let’s see how this plays out
Legend:
Light Blue line = Trendline
Green line = Support line
Red line = Resistance line
Green dotted line = TP Line
Red dotted line = SL line
Green box = Support zone
Red box = Resistance zone
[USDCAD] [A Little Long]Anticipating a rejection of the bullish trendline before hitting TP1 (4Hr Resistance) followed potentially by TP2 (Daily Resistance).
SL just below the previous low on the trendline.
Checkout my oldest trades, look at the success rate & accuracies.
Cheers.
