USD/CAD - Price Cycles down to Long Term SupportWe've seen USD weakness continue into the new trading week. Price produced a lovely break and retest setup on this pair, breaking our yellow support zone and retracing to retest this area - before price fell 85 pips in the following 4 hours.
Price now resides at long term support. Will we see this level broken or will dollar bulls be sitting at this level?
Have a great trading week all!
Zones
XAD/USD levels to watch in coming days in upcoming days watch these levels they r tested many times always watch small tf for confirming entries USE MTF ( multi-timeframe analysis ) for break levels or retest levels or any strategy u use reason share daily tf chart because daily are so important to watch
USDJPY, 4hr tf, sell on area of confluence resistanceHello my friends,
As you can see, USDJPY just rally for 100 pips in the last 2 days.
In my opinion, this rally will be short lived as long as price below 103.70 on daily and 4hr tf basis.
We could see further upside if price managed to closed above 103.70 on the daily tf.
So as long as price below it, we will only sell on every rise (SOER).
As you can see 103.70 is an important level because it previously served as horizontal support.
Now that price already broken below it, this level will now become a resistance.
Right now the 4hr tf EMA-200 also located at 103.70 area so we could say this is an area of confluence.
I provide 2 trading plan where you could set your take profit.
Feel free to choose either one.
Sell USDJPY 103.70
Stop loss 104.00
Take profit 1 at 102.60 (3.6R)
Take profit 2 at 101.20 (8.3R)
Use only 1-2% risk
Good luck
Critical Level 29650 - BTC/USDTDear friends, I want to warn you right away that if I see a confirming factor for myself that tells me about the continued growth, I will close 2 short positions at a loss, and I will open a long position, until such price values as 30500 - 31430 - 32100 are updated. - 32800
As soon as the level of 29450 is broken and there is confirmation, I close the short position and open the river.
Observing risk and money management, as well as trading with stop loss - this river position, with an increased lot, will give its profit.
Only after confirming this level at 2h TF (29450)
Potential loss on 2 positions will be 660 ~ 760 points
I am for flexibility in trading.
Why did I decide to share this with you, because someone fixes their positions (profit) but for a complete unloading, he pushes the price up, observing the same proportions impulse 25% - correction 10% - impulse 25% and again from the beginning
Plus, judging by the counting, it will still break through this level, because now there is a rising wedge on the chart,
The profit for which is calculated from the beginning of spending.
It will be ~ 10%
This percentage will be from the price of 29650 to the level of 32950
EURUSD - the big shortThe institutional investors have being accumulating short positions since October 2020, now the price is located in a very important zone where a 1000 pip movement would be the maximum potential that I give to this short opportunity. This is the types of trades that could last several months.
HOW TO DRAW SUPPORT AND RESISTANCE LIKE A PROHello everyone, If you like the materials in this video, do not forget to support with a like and follow.
In this video, we are going to learn how to draw support and resistance in a practical way on NZDCAD Daily timeframe.
Hope you will make good use of it!
Rich
EURUSD 1HR MINOR CHANNEL TRAJECTORYOANDA:EURUSD
Hello traders we have a minor channel where EU had been traveling and making its way to the top of the channel where resistance was hit for a pullback.
We could experience some more downside, but with the current geopolitical environment nothing is clear cut and dry.
the charts allows us to focus more the price action and follow direction without having to worry about politics.
Chainlink still up in H4 timeframe; $15.70 USD target!!!Chainlink still bullish in short term toward above of $15 dollars. But, my own target will be $15.70 USD to get the benefit of this cryptocurrency.
Yesterday, the bull candlestick it's noted that investor are buying Chainlink, so prepare for the next massive and huge movements of Chainlink, at the moment I'm in profit from $13.28 USD, that was my entry price to long position in a good zone that today I update a new Daily zones formed!!! And also, noticed that we entry in the confluence in hte 0.382% of Fibonacci making a good bought position, and the MACD bar show weakness of he sellers, so that it's a good point as reference that crypto it's prepare right now to up in the next hours.
Good luck in this position!!!
GBPAUD ZONE TO ZONEWorking with the Gann Box and creating zones and beautiful pivot points.
Breakouts
Supertrend
Momentum
1. Wait for candle to break zone
2. Wait for supertrend to match intended direction
3. Wait for momentum
4. I recommend take profit to be the next zone in same direction or a range of 10 - 30 pips
Breaks and Rejects are crucial for getting a splendid trade.
Happy Holidays and Keep Pip Pimpin'
UJ breakout. finally done dropping!?!Here on the 4hr timeframe / daily we can see uj made a clear breakthrough to retest previous high points.
Will be watching to see to when a pull down finishes to find a long entry if these candles do not got below the previous 4hr breakthrough zone.
UJ has been dropping like crazy lately but its uptrend candles can be HUGE if your timing is on point!
Safe trading peers, Pips for everyone
( first time using this indicator, it may not be lined up perfect but it still gives me the right idea/direction nonetheless )
Important zones Royal Dutch ShellImportant zones on the weekly chart to watch for Royal Dutch Shell (RDSA) in my opinion.
AUD/JPY Price Trap IDEA* Break & Retest(1)
- Wait for BREAK of resistance (ceiling)
- Wait for RETEST (where price closes above the previous level of resistance)
- Once price CONFIRMS resistance as a new support floor, IT IS SAFE TO ENTER.
(2)
- Wait for a BREAK of support (floor)
- Wait for RETEST (where price closes below the previous level of support)
- Once price CONFIRMS support as a new resistance (ceiling) IT IS SAFE TO ENTER.
(3)
*ENTRYS ON 15min Time Frame
(4)
Harmonic Scanner is calling a 'buy' 1 hour timeframe, potential 140 pips
(5)
Risk Management
0.01 per £100
0.02 per £200
0.03 per £300
0.04 per £400
0.10 per £1000
(5)
30 pips TAKE PROFIT
30 pips STOP LOSS
1:1
**FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results**