GBPUSD Possible Triple TopGBPUSD is in a range.
Price is currently in a strong uptrend, heading towards the top of the range.
Looking back on the charts, price has strongly rejected the resistance at the top of the range multiple times before, meaning this is a strong level.
We would like to see price reach the resistance and reject with strong bearish momentum in the form of either 4H or 1H bearish engulfing candles, or pinbars.
We are also aware of the up trending strength in this pair currently, and realise price can continue pass this level.
WIN
EURUSD Possible Break And Retest EURUSD has just impulsively broken above a strong level of resistance, marked with the red line.
We forecasted this possible trade idea last week.
Price is moving in a strong up trend on the 1H and 4H charts.
We are now looking for price to retest the resistance now turned support, and/or one of the up-trend lines marked on the chart.
We would like to see price ideally retest the S/R zone in line with an uptrend line, adding more confluence to a long position.
This would be confirmed with a strong bullish engulfing/pinbar candle formation on the 4H or 1H time frames
We are also aware this can be a fake out, and price can reject higher prices and fall back below the S/R area and back into the range, targeting the lows. Thats why we always wait for confirmation and confluence when trading.
NZDCAD Head & Shoulders Forecast Playing OutWe forecasted this NZDCAD head and shoulders last week.
Our position is now running at over 4.15% with over 2.5% locked in with our stop loss. Now risk free with guaranteed profit.
With experience analysing and trading in the live markets we were able to forecast the right shoulder far before it was confirmed, due to the nature that price was rejected the previous highs of the left shoulder.
This was a very high probability trade due to all the confluence factors in line with eachother;
1.Multiple rejections of strong resistance level (red line above price)
2. Rising wedge break and retest
3. Head and Shoulders pattern
4.Right shoulder failing over and over to break the highs of the left shoulder
5. Bearish engulfing on the 1H time frame
6.Strong bearish momentum on the 4H time frame.
This was our entry point, with a stop loss above the right shoulder highs, and a target at the bottom of the range, but trailing our stop loss according to our BlueFire Strategy as price develops safe levels.
We were able to enter at the break of a minor 1H resistance at the top of the right shoulder, which is a part of our strategy.
Win win!Close Eurcad trade if you took the the trade with me on Friday . 178pips locked in. Total of 400+ on the EURCAD pair between Wednesday and today remember we took a buy position on Wednesday and it hit our tp? Let's see what happens during the Asian session tomorrow we would know what to do next. Feel free to message me. Btw NZDUSD still running, EURGBP is back and moving in our analysed direction
Support and Resistance Trade Set-Up on WIN/USDTHey all, here’s another entry on my tradingview series called 'Quick Updates'.
In the chart you can find a nice and clean trade set-up based on support and resistance
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Incoming rocket are you ready for big move up to 21$ ? Okay as we know silver has completed an impulse move followed by an almost completed WXY pattern
gold silver ratio is at all time highs and about to fall .
our trade date is Monday night. 2nd march entry price as close to 16.00$ as possible.
SL can go around 15.7$
our take profit date is Monday 9th march. end target around 20-21$
good luck and happy pips