Zone
USD/CHF RETRACE AND LAUNCHAfter breaking this daily significant ascending trendline we are just looking for a entry point on US dollar/Swissy pair which would be the best one if this pair retrces to fibonaci golden ratios which correlates also with a resistance zone. Also weekly timeframe looking extremely bearish with a clear rejection of fibonacci 61.8 and 1.000 key zone.
#tradesafe
Gold broke strong zone on daily , opening pricesGold made a clear break of a strong zone where it had open and closed for some days. leading up to major rejection after at .382 and then 0 levels. is very safe to -0.272.
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USDCHF H4Red Zone = Sell Area
Green Zone = Buy Area.
Blue Line = SNR
Possible pullback then continue drop.
Patient is the Key...
EURJPY Long (Was away all of last week on vacation!)Back from vacation and happy to be back and honing my skill. My trades have not been accurate lately but I have controlled my losses by cutting them quickly. Doesn't mean the losses don't sometimes get to me - I am human after all.
This is zoomed out so you understand where price is at. It's the first touch the big supply zone and price has not only bounced off it but also tried to retest only to make higher lows.
It's broken the structure and I'm in.
Cup and Handle pattern on the lower timeframes tho I will be focusing on the daily on this one - very nice set up.
Educational charting analysis 3 touches is strong confirmation for a trade position. Looking at this text book example shows how easy it can be to identify what direction the market is going.
Swiss Franc/Japanese Yen SELL - 107.533 Potential target AreaPotential Sell Position on CHF/JPY - 107.533 Potential target Area
EURUSD ShortHello, my analysis is above. Feel free to comment or message me on what you think price will do.
USD/CHF Shorts.Simple Zone to Zone trading.
Price broke 1hr/4hr Demand to the left and shortly after, pulled back to retest that zone, Creating a small 15min bearish engulfing off the (DistalLine) of the zone. THEN a 1hr bearish engulfing.... Yeh, ill take my chances with this short position. Stops above the distal line of the zone.
Now we can watch price potentially trade toward our opposing smaller timeframe zone, before pulling back to continue lower (Another Entry Opportunity) and making a new low, ALSO hitting our Fresh 4hr demand zone @ 0.98190.
NZDJPY DailyHello traders, my analysis is above. Feel free to comment or message me on what you think this pair will do!
CHFJPY Insights We are looking at CHFJPY for a buy.
BIAS: LONG
Reason: On the daily we are seeing that price is rejecting to fall lower with long doji candles and long wicks to the downside. This tells me that price is having issues making lows.
The most recent candle is a bullish candle that engulfs a few of the previous candles. This tells us that there seems to be volume in the market for a bullish trend. You can confirm the market volume by using the EFI indicator( setting 17) - Once the daily candle closes and the line is above the zero line that is an indication that there is volume for price to trend.
Stops are place 1.5X the ATR value which is below the sellers exhaustion zone. This chart is on the 4hr however the analysis is based from the daily.
Knowledge & Profits - That one page that you should follow and profit with.
GBPNZD Long/Buy IdeaGBPNZD Long/Buy Idea
waiting for a momentum candle close above 1.961 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Demand Zone Rejection (in light blue)
Three confluences are enough to consider Buying GBPNZD, after a break above 1.961 (in gray)
EURCAD Long/Buy IdeaEURCAD Long/Buy Idea
waiting for a momentum candle close above 1.4525 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Demand Zone Rejection (in light blue)
Three confluences are enough to consider Buying EURCAD, after a break above 1.4525 (in gray)
