Tradeplan
USDMXNIt has stopped making LLL LH and have tested an major trend line.
for further confirmations better stick to trade plan shared for much safer entry and exit. CHEERS ;)
Your only as good as the assets you tradeThis is just a short blog post of a much longer idea!
In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits.
This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade.
Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st.
Choosing to trade XAUUSD would be much easier to make a profit.
EURJPYIts making HH HL on 4h and 1H. there are some bearish divergence noticed but we follow simplicity as DOW.
Follow trade plan with discipline.
XAUUSD SCALPINGIts making HH HL on H1.
still trading within a triangle on weekly range. I will still say its on a decisive area as per my previous analysis.
However as we all love gold so scalping or small trades can be initiated.
we can hedge as well. Follow the trade plans with discipline
USDCHFIts trading in a bullish parallel channel and is almost on a support where buy attempt can be made with strict sl.
GBPUSDIts making HH HL on h1 however tested the major trend line as well.
both plans shared to gain profits from both sides. Enjoy ;)
Trade with discipline
XRPUSDCup n Handle formed on daily with price testing some important trendlines and fin levels.
Follow trade plan with discipline
XRPUSDTIts clearly making LL on 4h and trading in a bearish channel
As always i am sharing with u all both trade plans for new entries .. Trade with discipline.
XAUUSD DECISIVE AREA This pair is on a decisive area now. Such area is very volatile to trade but at the same time it could be an opportunity also for traders.
As per DOW its making LL LH and in order to break this it has to give closing above the previous LH which is around 1790 at the same time it could retrace back to 1763 and then targeting towards 1750 for new LL.
The Ichimoku red cloud is still above while lagging span below which is favoring the bears .
However as per Renko strategy with traditional settings it indicates a bullish move along with breaking a parallel bearish channel towards upward, one brick already formed above the channel.
On Daryl Guppy both investors and short term traders have merged in between which again means a decisive area as both the long and short MA's are colliding.
For hardcore traders it could potentially be a nice hedging setup and they can scalp as well.
New comers kindly avoid this area.
On daily- kinda inverse double top is formed also
On weekly bullish flag is formed
On monthly Cup and handle is formed
For those who missed last week trades they could follow both the trade plans i have shared . Trade with discipline and without emotions. Get yourself numb of the gossips :)
For $1000 account use 0.02 - 0.5 lots and make sure to trail the SL always to recover losses and maximize the gains.
Have a safe trade ;)
AUDNZDIts still making HH HL on H1 And H4 so reentry or fresh on dips can be initiated. follow with discipline . cheers;)
GBPJPYIts making LL LH On weekly however on 4TF And H1 TF its on HH and HL..
As always i am sharing with you both trade plans . Trade with discipline.
DOTUSDT Long Biased BINANCE:DOTUSDT
Bullish Indications
1- HH & HL
2- Bullish engulfer
3- Moving within channel S&R
Bearish Indications
1- Price is still within 1D support zone
2- Resistance from 0.618 Fib level
I am long biased, however if 0.618 Fib level (HH) is not broken) then sell below this level with trade plan mentioned on chart.
Please support this idea with comment and like.
Thanks and Good luck
EURUSD Trade Plan for LongOANDA:EURUSD
Bullish indications
1- HH & HL
2- Bullish Engulfer
3- Bounced from weekly support at 1.11934
4- Retracement from 0.5 Fib level
5- ABCD pattern is in formation
Plan A below is given for long.
Plan A
Buy at 1.12929
Stop loss 1.12547
Target1 1.13677
Target 2 1.14252
But for plan B, wait for confirmation of continuation of downward trend
Please comment below for any suggestion, follow and support the idea if you like it.
Thanks and good luck for trade
EURUSDIt has retraced from a strong TL and a Fib (1) making higher highs on Hourly time frame. The daily closing was bullish. However there might be some short term pull back as there is some bearish divergence witnessed.
As always i am sharing you the most safest entry and exit. Trade with discipline..
USDCAD Bearish Outlook OANDA:USDCAD
Bearish Indications
Hanging man followed by shooting star in Resistance area at 1.27890, Possible Double top from resistance area. Bearish Divergence is seen.
Bullish indications
Higher high & higher low. Broke 1W resistance above 1.27516. May continue bullish trend only if sustained above this area
So I am long biased with two trading plans mentioned on charts
Please comment for any suggestion, follow and support the idea if you like it.
Thanks and Good luck for trade
SANDUSDT Trade PlansBINANCE:SANDUSDT
Two trade plans are presented here :
Long if sustained above 0.618 Fib level
Short if close below 0.236 Fib level
Plan A
Buy above 7.4666
Stop loss 6.7199
Target 1 8.5439
Target 2 10.2196
Buy at HL 7.1239
Stop loss 6.7199
Target1 7.9441
Target 2 8.5439
Plan B
Sell below 6.6832
Stop loss 7.2830
Target 1 6.0833
Target 2 5.2264
Sell below 6.3404
Stop loss 6.8056
Target 1 5.2264
Target 2 4.8591
Please comment below for any suggestion, follow and support the idea if you like it.
Thanks and Good Luck for trade
CHFJPY Trend Analysis OANDA:CHFJPY
Bullish Indications
Bullish piercing candle at Major 1D Support area at 122.566, Pair has been retraced to 0.382 Fib level on 4H. Bullish Divergence is seen on 1H RSI(14). This pair has been bullish 80% of the time in month of December for last 15 years.
Daily timeframe shows bearish trend, which has been supported from current price level.
I am long biased. However, two plans are given for either direction.
Plan A
Buy at 122.743 with Stop loss 122.397, Target 1 = 123.186, Target 2 = 123.457, R/R ratio 1.3
Plan B
Sell if closed below 122.566, Stop Loss 123.045, Target 1 = 121.567, Target 2 = 120.568
Please comment below for any suggestion, follow and support if you like the idea.
Thanks and Good luck for trade
XAUUSD Overview (25-Nov)XAUUSD (Gold) stayed below 1800.00.
Watch for selling opportunities towards 1780.00
CHFJPYIt was making clear Lower Lows and LH however recently it broke the LH and also retraced from an important Fib level plus trend line.
For safer exit and entry i am sharing both trade plans as always . Pls trade with discipline.
Enjoy ;)
