USDCADI expect price to go back up and meet the trend line or pass the trend line and meet the next resistance level.
Zones
GBPUSD 4HGBPUSD Price is testing an important zone if U.K has hung parliament price can drop all the way down to 1.24
EURAUD SHORTLooking to short this pair as it is in my sell zone now.
We have had a fantastic few weeks of trading now!
3 of our past 4 trades have hit our take profit and 1 hit our stop loss which was at the entry point. RISK FREE
Trade safe and good luck!
Update on previous trades:
AUDCAD - take profit reached
AUDCAD Weekly Long Term PerspectiveAlthough I prefer trading the shorter time frames like 1d, 4h, and 1h - it always helps to know the overall situation.
AUDCAD has been ranging between 1.0350 and 0.9170 for many years now on the weekly chart, and on the time frames I just mentioned, this provides opportunities to trade the trend up and down to and from the zones above.
So I mapped out the most likely price movements based on what has happened in the past.
Notice that most recently, price has formed a low, high, HL, HH, HL, and is now possibly forming a HH. (beginning at the first vert. line)
From here, I think AUDCAD will rise to 1.0340. If price failed to make another HL and instead print a bearish weekly candle at the 1.0350 zone, we will see price head to parity 1.0000, and then possibly lower.
Learn to read the markets and you will be successful.
EURUSD Level 1 consolidation at fib level. Bearish GartleyBearish Gartley in progress already activated now at level 1 consolidation. Expect up move and back in bearish trend. Price at important fib level. Trading in between the two zones established. Target and Stops around the zones
(REVAMPED) Bullish UJ?! #BlueBeanzAs you can see my first uj chart is a bit messed up with a misleading support resist line, but now i made it better for this week i believe it should come down to one of these lines and shoot back up to refill the gap. Will it be tomorrow? The following day?! Lets see how it will move in the future
Trendline and Fib testingTesting the Trendline and the 50.00% Fib and as you can see it's forming HL on the 4h chart. Watching how market behaves the next hours and if it doesn't break => Long position
Another ex. on how to read structure with the "Levels and Zones"Another example on how to read structure with the "Levels and Zones"
CHFJPY Epiphany - not reallyAlthough deep down somewhere I knew that I was supposed to use zones instead of clear-cut lines for S/R, I just remembered. Up until this moment for the last year, I've been incorrectly plotting support and resistance.
Figured that I would try it out on a weekly chart of CHFJPY. I started from the Daily TF and then went to Weekly because I wanted the complete history of price action.
Enjoy
AUDJPY smelling the shortWe just put in a double top on the daily bar at 79. We are also at the top of the range inside a daily supply zone. Looking for price to explode to the downside.
Usdcad outlookUSDCAD already topped and is headed back down to the daily trend line (support) of the 1.2920 area. Since the top, the pair had a pullback to the resistance of the 1.3186 area and the 50% retracement and the resistance trend line, this is all confluence. Next, the 1.27 fib extension is near the zone of a support sot here is probable reason for another retracement here. This retracement should rise to the resistance trend line, the first fib retracement of 38% and the new fib retracement of 23% as there is confluence between the two fib percentages. After that, we will see a new short leg to the daily channel support i mentioned earlier of 1.2920, in this area is also the 1.618 fib extension that support the end/bottom of the trend and probable start of a new up trend.
GBPCAD to the downsideI'm looking at the downtrend to continue as PA is confirming down off a daily supply ( resistance zone). could also be a nice place to form a trendline area in the future.https://www.tradingview.com/x/zv7pHFeh/
Crude oil2 possible long zones for oil..still some way to go but i keep an eye on this two zones..
as an extra confirmation i consider a trendline break
AUDJPY Short Continuationon the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart.
To find out more about my thoughts on the forex pairs, check out the following video.
youtu.be
AUDUSD Long Pullback in direction of trendprice is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.
Fibs Trade Compliment IdeaNot so much a trade strategy by itself, but perhaps a useful tool to compliment a trade system or to be used as a trade entry filter.
CADCHF- ABC D1 (reached) & D2 in PRZEarlier during the week I posted the Bearish Bat pattern for a sell, inline with a nice fresh Supply Zone.
Looking left, we have nice structure for a sell, but it's also looking like a last safety zone before a move higher than our acceptable stops.
I've highlighted in red, where sellers are likely to enter the market.
