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Potential Short Position for GBP/AUD_Trade Plan 2017.06.26 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price holding far below MA200. However, in D1, price seems hold and currently rejected up with Bullish Engulfing pattern from major D1 support area 1.66845 - 1.67683. In H1, for the last 1 week, price is moving within Rising Wedge Pattern and hovering around its MA200. Trade Plan 1: If price breaks down the confluences of support area around 1.67918 - 1.68075 (Price Structure, Rising Wedge Pattern) with great momentum to the downside, can consider to short the market to follow the downtrend momentum. Since price is slightly above major D1 support, it may be better to wait for the first bounce back after the breaks down before entry. For aggressive approach, can enter right at the break out level. With Stop Loss 45 pips and Target Profit 140 pips, the potential trade offers 3.11 Reward-To-Risk Ratio.
Short
by arieg1985
Potential Short Position for GBP/JPY_Trade Plan 2017.06.26 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level For the majority trend in D1 and H4, the current market bias is still down with price is holding slightly below MA200. However, in H1, price is forming Higher High and Higher Low formation since last Thursday. Currently, it is bouncing back within major H1 resistance area 142.135 - 142.554. Look for further price action and take relevant action accordingly. Trade Plan 1: To follow the majority of downtrend, these 3 conditions should be in place: 1. Price forms false break out of resistance area 142.135 - 142.554 and reverses back down to the downside 2. Price continue breaks down nearest uptrend line 3. Price bounces back up and starts to form Lower High If the above conditions are met, it means the downtrend is still intact and can consider to short the market. With Stop Loss 40 pips and Target Profit 140 pips, the potential trade offers 3.50 Reward-To-Risk Ratio.
Short
by arieg1985
Potential Long Position for EUR/JPY_Trade Plan 2017.06.26 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level Since price formed false break out to the upside from major D1 support area 122.807 - 123.638 on June 15, 2017, currently price is moving up above MA200 in all D1, H4, and H1 timeframe. On last Friday, price also breaks out to the upside from the congestion area in form of Symmetrical Triangle Pattern. Thus, the market bias is still up. To follow the overall uptrend, wait for pull back to previous resistance area now turns to support 124.355 - 124.471. If price shows some rejection to the upside from this area, can consider to long the market. With Stop Loss 35 pips and Target Profit 70 pips, the potential trade offers 2.00 Reward-To-Risk Ratio. As the second target, next resistance area 125.565 - 125.816 would be an alternative, with Target Profit 100 pips, Reward-To-Risk Ratio increases to 2.86.
Long
by arieg1985
Potential Short Position for USD/CHF_Trade Plan 2017.06.25 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1, H4, and H1 are all showing the overall trend is still Downtrend with price is holding down below MA200. However, price also still hold above major D1 support area 0.96403 - 0.96809. Currently in H1, price seems losing its steam and break down nearest Up Trend Line with a good momentum. Trade Plan 1: If price bounce back to nearest resistance area 0.96993 - 0.97077 and rejected down, can consider to short the market to follow the overall down trend. With Stop Loss 20 pips and Target Profit 45 pips, the potential trade offers 2.25 Reward-To-Risk Ratio. Trade Plan 2: If price bounce back higher to previous support area turns to resistance 0.97178 - 0.97291 and rejected down, can consider to short the market to follow the overall down trend. With Stop Loss 20 pips and Target Profit 65 pips, the potential trade offers 3.25 Reward-To-Risk Ratio. Since there are so many Support and Resistance Area close each other, keep in alert for any immediate turning point around these areas.
Short
by arieg1985
Potential Long Position for EUR/USD_Trade Plan 2017.06.25 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1, H4 and H1 are all showing the overall trend is still up with price is holding above MA200 and major D1 support area 1.11044 - 1.11400. Currently in H1, price starts to forming Higher Low and Higher High formation, indicating the first initiation of an uptrend. Trade Plan 1: If price pull back to previous resistance area turns to support 1.11603 - 1.11691 (confluence with MA200) and rejected up, can consider to long the market to follow the potential trend continuation to the upside. With Stop Loss 33 pips and Target Profit 99 pips, the potential trade offers 3.00 Reward-To-Risk Ratio. Trade Plan 2: If price pull back deeper to major support area 1.11322 - 1.11432 and rejected up, can consider to long the market to follow the overall uptrend. With Stop Loss 33 pips and Target Profit 125 pips, the potential trade offers 3.79 Reward-To-Risk Ratio.
Long
by arieg1985
Potential Long Position for EUR/USD_Trade Plan 2017.06.20 D1 and H4 are both showing the overall trend is still up with price holding up above MA200 and major D1 support area 1.11044-1.11400. Currently, price is trapped below the current down trend line. Trade Plan 1: If price continues pull back into D1 support area (even better if it forms false break out to the upside), rejected up, and close back above it, long the market. Wait for the first pull back before entry to confirm the rejection to the upside. With Stop Loss 40 pips and Target Profit 120 pips, the potential trade offers 3.00 Reward-To-Risk Ratio.
Long
by arieg1985
Potential Long Position for USD/CAD_Trade Plan 2017.06.22 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price holding below MA200. However, in D1, price seems hold and currently rejected up from major D1 support area 1.31883-1.32497. In H1, currently price is forming a Rising Price Channel slightly above major D1 support area. Before news event of Canadian Core Retail Sales announced, price successfully break out 3 resistance levels (major down trendline, MA200, and resistance area 1.32806-1.32979). Since the news have Bullish bias for Canadian, USD/CAD is going down. Trade Plan: If price pull back to the lowerline of price channel and rejected up, can consider to long the market to swing the consolidation range. With Stop Loss 45 pips and Target Profit 115 pips, the potential trade offers 2.56 Reward-To-Risk Ratio. Keep in alert if the downtrend continuation is going massive since the major trend is still down.
Long
by arieg1985
Potential Long Position for GBP/AUD_Trade Plan 2017.06.22 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price holding far below MA200. However, in D1, price seems hold and currently rejected up with Bullish Engulfing pattern from major D1 support area 1.66845-1.67683. In H1, for the last 1-2 weeks, price is forming a major Falling Price Channel slightly above major D1 support area. Currently, price is just hovering around price channel upper line and slightly below MA200. It looks like the price is building some momentum. Trade Plan: If price break out the confluences of resistance area (Channel, Price Structure, MA200) with great momentum to the upside, can consider to long the market to follow the trend reversal. Since the major trend is still down, maybe it is better to wait for the first pull back before entry. For aggressive traders, can enter right at the break out level. With Stop Loss 57 pips and Target Profit 117 pips, the potential trade offers 2.05 Reward-To-Risk Ratio. As an alternative, if the momentum is still good when price reaches next resistance area 1.69240-1.69597 and continue breaks it up, Target Profit can be expanded to total 263 pips which offers 4.61 Reward-To-Risk Ratio. Keep in alert if the downtrend continuation is going massive since the major trend is still down.
Long
by arieg1985
Potential Long Position for USD/JPY_Trade Plan 2017.06.22 Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the current trend is still unclear with price trapped between MA200 and major D1 resistance area 111.623-112.201 (psychological level 112.000). However, currently price is holding up above MA200 in all D1, H4, and H1 timeframes. Thus, for the current market bias, momentum to the upside is still intact. Trade Plan: If price pull back to previous resistance area turns to support 110.648-110.771 and rejected up, long the market to follow the short term uptrend. With Stop Loss 27 pips and Target Profit 64 pips, the potential trade offers 2.37 Reward-To-Risk Ratio. As an alternative, the Target Profit could be expanded to 82 pips (if the momentum is still good) and offers 3.04 Reward-To-Risk Ratio.
Long
by arieg1985
Possible Long & Short Position for AUD/USD_Trade Plan 2017.06.22 D1 and H4 are both show the overall trend is still up with price still holding up above MA200. Currently, price pull back closer to it. In H1, currently price breaks down previous support area turns to resistance 0.75641-0.75735 and continue moving lower. Thus, the market bias now is still neutral. There are 2 potential trade setup could be take: Trade Plan 1: If price continue pull back to support area 0.75174-0.75247 and rejected up (even better if triggered with false break out to the upside), long the market to follow the major uptrend. With Stop Loss 22 pips and Target Profit 44 pips, the potential trade offers 2.00 Reward-To-Risk Ratio. Trade Plan 2: If price bounce back up to the above resistance area 0.75641-0.75735 and rejected down, short the market to follow the current minor downtrend. With Stop Loss 22 pips and Target Profit 44 pips, the potential trade offers 2.00 Reward-To-Risk Ratio.
by arieg1985
Potential Long Position for EUR/JPY_Trade Plan 2017.06.20 Both D1 and H4 show the overall trend is still up. Price formed false break out last Thursday and rejected up from major D1 support area 122.807-123.638. Currently in H1, after the first try to breaks above resistance area 124.355-124.471, price pull back and coming back down below it. Trade Plan 1: If price continue pull back lower to the confluence of support area 123.724-123.863 (Price Structure and MA200) and rejected up, long the market to follow the overall uptrend. For day trade, with Stop Loss 22 pips and Target Profit 60 pips, the potential trade offers 2.73 Reward-To-Risk Ratio.
Long
by arieg1985
Possible Short & Long Position for USD/CAD_Trade Plan 2017.06.20 D1 and H4 are both showing the overall trend is still down with price holding below MA200. However, in D1, price seems hold and currently rejected up from major D1 support area 1.31883-1.32497. In H1, price is moving back up closer to the confluence of resistance area 1.32936-1.33083 (confluenced with MA200). Trade Plan 1: If price bounce back to this area and rejected down (even better if there is false break out to the downside), short the market to follow the overall downtrend. With Stop Loss 30 pips and Target Profit 75 pips, the potential trade offers 2.50 Reward-To-Risk Ratio. Trade Plan 2: If price continue moving up and breaks above this area, long the market. As a conservative approach, can wait for the first pull back to this area after break out, before entrying the market. With Stop Loss 30 pips and Target Profit 95 pips, the potential trade offers 3.17 Reward-To-Risk Ratio.
by arieg1985
Possible Short & Long Position for GBP/USD_Trade Plan 2017.06.18 D1, H4, and H1 show the overall trend is still down with price is holding down below MA200. However, in D1, price seems rejected up from within major support area 1.26740-1.27753 and indicates a false break out (watch for further confirmation). Currently in H1, price moves within Rising Price Channel slightly below resistance area 1.27754-1.28011. Trade Plan 1: If price breaks down this channel lower line, can consider to short the market to follow the overall down trend. With Stop Loss 45 pips and Target Profit 90 pips, the potential trade offers 2.00 Reward-To-Risk Ratio. For aggressive approach and better Reward-to-Risk Ratio, can short the market when price touches the channel upper line and rejected down. Trade Plan 2: If price breaks up this resistance area, pull back to it, and rejected up, long the market to follow the trend reversal to the upside. With Stop Loss 45 pips and Target Profit 135 pips, the potential trade offers 3.00 Reward-To-Risk Ratio.
by arieg1985
Possible Long Position for USD/CHF_Trade Plan 2017.06.18 D1 and H4 are both showing the overall trend is still down. In H1, price is moving up above MA200 and hold above previous resistance area turns to support 0.97197-0.97283. Currently, price is forming Bullish Flag Pattern. If price pull back to this area and rejected up (even better if breaks up flag pattern), can consider to long the market to follow the current momentum to the upside. However, since the majority of trend is still down, trade this long position with limited target. With Stop Loss 20 pips and Target Profit 50 pips, the potential trade offers 2.50 Reward-To-Risk Ratio.
Long
by arieg1985
2
Possible Long Position for USD/JPY_Trade Plan 2017.06.18 D1 and H4 are both still shows unclear trend with price is hanging around MA200. However, in H1, price currently moves to the upside after the breaks out from confluence of resistance (Major down trendline, resistance area, MA200). Trade Plan 1: If price pull back to previous break out level or MA200 or Fibo Ret 50-61.8% and rejected up, long the market. With Stop Loss 25 pips and Target Profit 90 pips, the potential trade offers 3.60 Reward-To-Risk Ratio. Trade Plan 2: If price pull back to the nearest support area 110.648-110.771 (Fibo Ret 38.2%) and rejected up, long the market. With Stop Loss 25 pips and Target Profit 90 pips, the potential trade offers 3.60 Reward-To-Risk Ratio.
Long
by arieg1985
Possible Long Position for AUD/USD_Trade Plan 2017.06.18 D1, H4, and H1 are all showing the overall uptrend is still intact. Currently in H1, price reaches previous high around resistance area 0.76259-0.76315. Trade Plan 1: If price pull back to previous resistance area turns to support 0.75594-0.75666 and rejected up, long the market. With Stop Loss 18 pips and Target Profit 44 pips, the potential trade offers 2.44 Reward-to-Risk Ratio. Trade Plan 2: If price breaks up resistance area 0.76259-0.76315, long the market on the first pull back to break out level. With Stop Loss 23 pips and Target Profit 60 pips, the potential trade offers 2.61 Reward-to-Risk Ratio.
Long
by arieg1985
Possible Long Position for NZD/USD_Trade Plan 2017.06.18 D1, H4, and H1 are all showing the overall trend is still up with price holding up above MA200. In H1, after rejected from major D1 resistance area 0.72985-0.73337, price coming back down to major H1 support area 0.71856-0.71913 and then bounced. Trade Plan 1: If price pull backs to the nearest support area 0.72234-0.72294 or Fibo Ret 50% and rejected up, can consider to long the market. Minimum Reward-to-Risk Ratio should at least 2R. Trade Plan 2: If price pull backs to the next support area 0.71856-0.71913 and rejected up, can consider to long the market. Minimum Reward-to-Risk Ratio should at least 2R.
Long
by arieg1985
Possible Long Position for USD/CAD_Trade Plan 2017.06.15 D1, H4, and H1 are all showing the overall trend is still down with price hold below MA200. However, in D1, price is rejected up from major D1 support area 1.31883-1.32497. Currently in H1, price moving sideways after bouncing up from this support area and forming Bullish Flag Pattern. If price breaks up this flag, can consider to long the market to follow the reversal momentum. With Stop Loss 40 pips and Target Profit 105 pips, the potential trade offers 2.62 Risk-To-Reward Ratio.
Long
by arieg1985
Possible Short Position for GBP/USD_2nd Trade Plan 2017.06.13 D1 and H4 are both show the overall trend is still down with price is hold below MA200. Currently in H4, price is bouncing up from 3 days low and moves to previous support area turns to resistance 1.27652-1.27821. If price continue bounce back to this area and rejected down, short the market to follow the overall downtrend. With Stop Loss 44 pips and Target Profit 110 pips, the potential trade offers 2.5 Risk-To-Reward Ratio.
Short
by arieg1985
Possible Short Position for EUR/JPY_Trade Plan 2017.06.13 D1 still shows the overall trend is up. However, for the last 1 month, price is moving sideways within range 122.932-125.816. As we can see, price already formed 3 highs on the top of the range with the 3rd High is weaker then previous 2 highs. Currently, price is hold around the bottom of the range and seems like building some momentum. If price breaks down the range, short the market. With Stop Loss 80 pips and Target Profit 285 pips, the potential trade offers 3.56 Risk-To-Reward Ratio.
Short
by arieg1985
Possible Long Entry for USD/CHF_Trade Plan 2017.06.11 D1 and H4 are both shows the overall trend is still down with price holding below MA200. Currently, price bouncing back to previous support area turns to resistance 0.97037-0.97200 and rejected down. However, in H1, price breaks up its MA200 since the last 24 hours and still holding up slightly above it. If price continue moving down a little bit more to support area 0.96683-0.96777 and rejected up, long the market. With Stop Loss 25 pips and Target Profit 50 pips, the potential trade offers 2.00 Risk-To-Reward Ratio.
Long
by arieg1985