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CADCHF SHORT TRADESimilar situation with the previous CAD set up, here we can see the price stalled near major supply area, we might get a minor down side impulse move before continuing to the upside, therefor am taking this probability to go short. look for solid evidence such as high test or pin bars candle closed before placing short trade. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support! LamchiuFX
Short
by LCFXpro
4
NZD/JPY Short Trade BiasThe trend is down, the moving averages are down, price is at resistance & the daily looks like it's going to make a nice rejection candle. What's this mean? Downtrend! And that's exactly what we're looking to play. NZD/JPY has been in a downtrend for some time now and continuing to play it to the downside seems pretty smart. Where do we enter? Well, we want to see the daily close first and if the daily can close as is or a bearish pin bar or some sort of price action signal that allows us to take this short.
Short
by fxjoe_
8
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The lower timeframes generally agree with what we are seeing on the daily chart. However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of linear regression channel.
Short
by NextForexTrade
EURNZD - Short from a monthly swing perspectiveEURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade. We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip stop loss. First target will be at 120 pips and we will look to add positions down to the 1.70500 region if we get decent entries. Sell: 1.74600 Stop Loss: 1.75200 First Target: 1.73400 Trade safe! Cheers, Paul.
Short
by Mase_00_7
Will Teacup Be Further Respected to Trendline?US30 moved some but is still stalling for the next big move. Not looking for anything major to happen until later this week. When it does, we'll know which way this thing is really going to go to start October off with a bang! For now, I THINK this teacup will remain respected all the way to market structure at 26438 at least. Or show a but-ugly range back up to the monthly. Remember, I'm practicing swing trading with this pair. So the TPs may take time to hit. Let's find out: BEAR TPS: 26724 26544 26438 26315 26106 BULL TPS: 26408 27061 27205
FX:US30
by NikaJourney
Consolidating At A Very Strong Level For Possible ReversalAUDCAD tried to give one more run to the downside last week but ended up stalling out and landing into consolidation. This area has a strong history of consolidation leading to reversals for the long. Let's see if that's what we are building up to this week. If not, we'll continue down to my next daily SR level and if we break through that, I'll post new TPS. BULL TPS: 0.89873 0.90242 0.90513 0.90522 0.91362 BEAR TPS: 0.89372 0.89025 0.88893 Will post new Bear TPs if the daily SR level becomes broken.
Long
by NikaJourney
Will We Break Through The Trendline or Keep The Bear Run Going?We had a nice trendline rejection last week, which would've broken the bear trend if it kept going. But we still have a chance this week for that to happen. Solid support from the monthly zone of 80.566 means we should continue for the long. We'll just have to wait and see. As always, the TPS are in place for whichever the market goes. I hope it's up. BULL TPS: 81.750 81.922 82.178 82.283 82.753 BEAR TPS: 82.523 81.526 80.640 If it breaks the 80.566 monthly SR zone... 80.221 79.636
by NikaJourney
Pullback Trading Before Continuing Bull Run Next MonthThe GBP is nowhere near done with its bull rally. I hope all of you were trading in favor of the GBP all this month. I gave a heads up to some family before September 1st and I hope they enjoyed the month-long ride. We have a morning star formation almost completely formed on the monthly. Looking for it to finish the bull candle before October starts. Then onward and upward. For now, let's see where this trade is going for the week. It may run bearish briefly as a giant pullback before continuing its upward climb. We'll find out soon enough: BEAR TPS: after a pullback to weekly SR level: 1.65516 1.64995 1.64280 BULL TPS: 1.66012 1.66331 1.66874 1.67666 1.68932
by NikaJourney
Potential Trade Setup For Swing Trade LongHappy to be returning to the weekly trade setups! EURCAD is showing a really beautiful setup for the long on the monthly chart. We are currently forming a hammer candle on the monthly and the RSI is at rock bottom. So I will be placing a position trade once I have full confirmation for a buy as a swing trade. On the 4hr chart, we are sitting on a daily SR level, so this will be a critical point for a pivot this week if the bull run begins this week. I also have a potential MA 4/50 crossover forming for the bull as well on this chart. So the run will either just setup or begin this week and I'm waiting to see if we have the full take off next month. Here are the potential TPs until there is confirmation for the swing trade bull to begin. BEAR TPS: 1.45569 1.45103 1.44613 BULL TPS: 1.46452 1.46795 1.47072 1.47494 1.47935
Long
by NikaJourney