$ROKU reversal trade ideaNothing crazy here but NASDAQ:ROKU continues to follow that downward trendline and respects the previous supports broken. If this turns down from the current test of resistance then the short play is intact.
BUT if the trendline is broken along with resistance, then this setup is nice to take long considering that the RSI indicator appears to be bottoming a well.
Trader
AUD/NZD Short, NZD/USD Short and NZD/CAD ShortAUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short, AUD/NZD Short, NZD/USD Short and USD/CAD LongWTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
"GBP/USD Analysis: Anticipating Bearish Momentum (Read Caption)1. GBP/USD Technical Analysis:
- Sell Entry: Targeting a decline from 1.26503 to 1.25890.
- Retest Anticipation: Expecting a revisit of 1.26640 before downward movement.
- Risk Management: Set stop-loss above retest level to mitigate reversal risk.
- Take Profit: Aim for 1.25890, but adapt to market conditions and price action.
2. Fundamental Analysis:
- Consider recent and upcoming US economic data releases impacting the US Dollar strength, thereby influencing GBP/USD movements.
3. Trading Strategies:
- Confirmation: Wait for confirmation of retest level acting as resistance before entering the trade.
- Risk Management: Employ suitable risk management strategies like setting stop-loss orders and managing position sizes.
- Stay Updated: Keep abreast of news and events affecting both the US and UK economies, as they can influence GBP/USD dynamics.
4. Trading Psychology:
- Exercise Patience: Wait for the optimal entry and confirmation signals.
- Emotion Control: Manage emotions like fear and greed by adhering to the trading plan.
5. Additional Analysis:
- DXY Analysis: Continuously monitor the US Dollar Index to gauge overall USD strength, offering insights into GBP/USD movements.
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SasanSeifi 💁♂Potential Upside in Long-Term (4-Day) AnalysisPrice broke the long-term descending trendline and had a minor uptrend after a pullback and ranging. The current price is trading at $0.94.
Expectations:
After breaking the $1 high and a minor correction, the price can further rise to the $1.20 liquidity zone and the $1.50 supply zone.
To better understand the continuation of the trend, we need to see how the price reacts to the $1.50 supply zone.
Support Levels:
$0.78 / $0.70
This is not financial advice. Always do your research before making any investment decisions.🙌
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
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AUDCAD_4H📊Australian dollar vs Canadian dollar analysis The analysis is based on Elliott waves in the medium term The market is in wave abc, which is currently expected to be at the price floor of wave b, and by maintaining the support of 0.88150, it can enter an ascending wave as wave c to the target of 0.89370.
EUR/USD Trade Recap, NZD/USD Short and NZD/CAD ShortNZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Decision point at the H1 TrendlinePrice break the trendline in Asia session and did the retracement at the trendline level. No decision to be taken since no confirmation or direction from the market. Decision point on the trendline if price going down then wait for retracement at the trendline. Or if price going up and breaks trendline, wait for the price to retrace at the support marked support area. Target TP based on Fibonacci or next support/resistance.
CAD/JPY Short, EUR/USD Long and NZD/CAD ShortCAD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/USD Long
Minimum entry requirements:
• If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/USD Short, NZD/JPY Short and NZD/CAD ShortNZD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
DXY INDEX PULLBACK TEST TO DOWN hello guys iam here to share my idea about dxy index , please give your suggestion what do you think about dxy down or up ,?
As a professional trader, I'm observing a potential short-term downtrend in the DXY index, targeting a decline of approximately 200 pips from 1.3600 to 1.1400. However, before initiating this downward move, I anticipate a retracement upwards, possibly ranging between 100 to 150 pips. This retracement could offer an opportunity for long positions before the index resumes its downward trajectory, providing a chance to capitalize on potential gains before the sell-off.
It's important to maintain a disciplined approach and wait for confirmation of the retracement before considering entry points for long positions. Additionally, closely monitoring market conditions, including key support and resistance levels, as well as fundamental factors influencing the index, will be essential for successful execution of this trading strategy.
CADJPY: Waiting For Confirmation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend.
After setting a new higher high higher close on a 4H time frame,
the pair started to consolidate within a horizontal trading range.
I am waiting for a bullish breakout of the resistance of the range.
4H candle close above 111.76 will indicate the strength of the buyers.
A bullish continuation will be confirmed then.
Next resistance will be 112.0
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EURJPY: Intraday Bullish Confirmation 🇪🇺🇯🇵
I posted earlier a confirmed bullish breakout on a daily on EURJPY.
We see a strong intraday bullish confirmation now.
The price formed a horizontal range on a 4h time frame,
the resistance of the range was broken with a strong bullish candle.
Growth may continue on the pair.
Goal: 163.4
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GOLD TRICKING BUYERS!Most traders seen on gold chat have purchased yesterday's lows and promised to hold till end of week, after seeing such a "large drop" in a single day, they believe this is the best course of action.
From my perspective price will trade below yesterday's low and then up to the projected target.
#XAUUSD
AUDJPY: Bullish Trend Continuation?! 🇦🇺🇯🇵
AUDJPY is trading in a bullish trend.
After setting a new higher high, the price formed a symmetrical triangle formation
on an hourly time frame.
Its bullish violation is a strong trend-following signal.
I expect a growth to 98.24 / 98.4
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XAUUSD WTH happened at open?! Good morning gold gang i hope you are all well and had a great weekend .. its back to work time!
What happened at open? some crrazy spike by the look of it?! cant see anything in the news .. just a 100 pip jump down before a push up in asian session.
Right now we are at my optimum selling algo just waiting on confirmation to sell down to a decent buy zone as it looks like we may be in for a bullish week!
note down the algo levels on your charts gang .. bank holiday in USA today so not much volume in the afternoon session .. be aware!
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tommy