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BTC USDTOn a 1 hour chart, I have spotted a strong support zone that price didn't break through after its bearish movement for the past few days and I have also spotted a head and shoulders formation on the chart which I marked out inside the zone. Price has broken through the resistance of the descending triangle formation line towards that strong support zone. For trade setups, I will advice you wait for price to retest the support of the descending trend line. But notwithstanding, market will MOON soon.
Long
by Cavicon
GBP JPY - long smaller time frameHello analysts and traders, We have an end of monthly candle close this week - price will look to close a bullish monthly close which is perfect. September will be an interesting month. Our trade is still running - but will test the wick at 141.6XX area. On the smaller time frames 141 hurdle is still showing a good area where an engulfing on the 15min showed a good promise to add a position. A smaller time frame entry is the 30min candle close - price can show an opportunity for price to discount itself. Be aware of the UK bank holiday - however trading can still commence. For us personally only a small entry was taken - 140.96 - but has enough movement to wick fill. Enjoy the end of month. More analysis to come in a pivotal month of September. Thanks for following us and liking our analysis. Team Lupa.
Long
by LupaCapital
GOLD APPROACHING LIQUIDITY AREAGold looking like we are heading on a short term bull run until 2010. Waiting for a retracement to the 1950 zone before looking for potentiall upside moves. Was favouring a drop on gold to the 1815 zone before looking for higher highs but 1912 level hold pretty well and we are looking for a pullback. Check my technicals on GOLd and leave a feedback. My target will be 2010 for the market to pick up orders and then looking where liquidity will push the price. #tradesafe #theforexdaddy #tfd
OANDA:XAUUSDLong
by theforexdaddy
2
XAUUSD, 1hr tf, upper zone rejection with bearish divergenceHello my friends, Previously XAUUSD closed with a solid big bearish candle on daily timeframe during Wednesday. After that, it consolidated inside marked zone for whole day at Thursday. It actually looked like an inside bar which is a continuation pattern to the downside for me. It also break below the ascending trendline so i think the short term trend is bearish for now. In my opinion this is the C wave of ABC correction from higher timeframe. Taking a deeper look into 1hr chart to time our entry, there is a bearish divergence exactly at the resistance so we could try capitalize this opportunity. Sell XAUUSD 1950 Stop loss 1958 Take profit at 1926 RR ratio 1:3 Use proper risk management Only risk 1-2% of your equity Good Luck
OANDA:XAUUSDShort
by HayatoDragonFX
GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends, GBPNZD currently very interesting as price broken below the short term trend line. Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle. I tried selling GBPNZD on the retest of broken zone of previous double top pattern. Sell GBPNZD 1.9960 Stop loss 2.0035 Take profit 1 @ 1.9860 Take profit 2 @ 1.9770 Use proper risk management Only risk 1-2% of your equity Moved SL to entry once price touched TP1 Good luck
Short
by HayatoDragonFX
EURNZD, 2hr timeframe, sell on zone retest Hello my friends, Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support. This support now turned into resistance and price currently retesting it. EURNZD also has broken below the trend line, so I could say the short term trend is now bearish. Sell EURNZD 1.8055 Stop loss 1.8120 Take profit 1 @1.7950 Take profit 2 @1.7880 RR ratio is 1 : 2.5 Risk only 1-2% of your equity Move stop loss to entry once it hit TP1 Good Luck
Short
by HayatoDragonFX
GBPJPY, 4hr timeframe, price back into zone after false breakHello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same time i switched into sell position because the last 4hr candle close also support further downside. Sell GBPJPY 138.90 Stop loss 139.50 Take profit 137.85 RR ratio is 1 : 1.75 Risk only 1% of your equity Set stop loss to entry once price move below 138.50 Good luck
Short
by HayatoDragonFX