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Zonetozone

We Are Either Range Trading or Breakout Trading This WeekThis pair looks to be getting ready for a major breakout. The question is where? Consolidation is trapped between the weekly 078231 area and the daily 0.76424 area. It looks like it will continue down, but with it sitting on the daily, it can easily bounce back up and stay in the range until a breakout happens. I've marked the chart in case to trade the range to the weekly and to enjoy a bearish move if it breaks the daily levels. For now, this is a wait and see. BEAR TPs: • 0.75925 • 0.75118 • 0.74529 • 0.74037 BULL TPs: • 0.76644 • 0.77548 • 0.77797 • 0.78231
by NikaJourney
Waiting For The BreakoutLoving this setup also for the week. GBPAUD is consolidating underneath a weekly level and I'm waiting for the breakout to take this trade. On the higher timeframes, it looks like that it's going to come back down to the 1.75485 daily area before ticking back up. But if it doesn't we're in for a solid bull run that can last a couple of weeks minimum. Let's wait and see. BEAR TPs: • 1.78354 • 1.76923 • 1.75485 BULL TPs: • 1.79976 • 1.81397 • 1.82358
by NikaJourney
1
A Giant Slant With No Pullback Setting Up For A Big DropGBPUSD has been moving is a large slant for a lengthy period of time according to the daily. And a slant with no pullback of any kind means that a drop is coming. The sideways movement we're seeing could be setting up for a major move to the downside, or a temporary climb further up before it comes crashing back down. Time will tell. Here are the TPs. BEAR TPs: • 1.36126 • 1.35326 • 1.34493 • 1.33804 BULL TPs: • 1.37593 • 1.38250 • 1.39098 • 1.39786
by NikaJourney
2
EurCad Currently, price action is at the support zone on the 4hr tf. If we look to the Daily, we can see that the market structure is in uptrend. If we look left on the 4hr tf, we see that this support zone has not been broken/still respects the zone. If price breaks and retest then the support has becomes a resistance zone . This means price action will be short untill the support of the trendline . Wait and see how price reacts to that level to determine buy or sell. I personally looks for confirmation patterns/candle to determine my entry. I would love to hear some feedbacks.
Long
by mastercampbell
EURGBP: S-BAR Technical Analysis (Just My Thoughts) 07/18/2020What's up people? Hope you all have/had a great weekend. This is NOT ADVICE - just what I see. SITUATION: D, 4H, 1H, & 15M in Uptrend BACKGROUND: Been in an uptrend for quite some time. ASSESSMENT: - Market Structure (zone - I like zones) HL - sitting at $0.90643 and $0.90574 & New HH sitting at $0.91349 - Retraced to 61.80% FIB Level AND potential ABCD Pattern forming - Counter Trend Lines Up Nicely: Once Candle Cross Counter Trend-line, Looking To Enter after 1st Candle Closes Above Counter Trend Line - Above 50 EMA - Waiting for Price Action aka Candlesticks to tell the rest of the story to determine entering for a "BUY": Look for that SNIPER ENTRY (Buy Limit) - Projected "Pull Back" to Fib Extension: -27.6% - Projected PIPS: 50 - 60 RESULTS: Pending
Long
by TarioD
A zone is a zone until it has been cut throughAlways have a plan and stick to it: - A zone is a zone until it has been nullified - Don't chase trades, you only end up increasing your risk Here on $EURAUD I managed to bag a bunch of pips on playing zones, but initially lost out because I moved my stop too early on my second lot (corrected this on later trades to allow my trades to run to targets), and didn't re-enter because initially the zone had been used (once again corrected this on later trades to allow me to profit from it)
by traderkace