Zonetozone
USDCAD buy or sellSupply and Demand Trading on the USDCAD
Always wait for confirmation. Something like a Re-Test before you enter the trade.
Therefore USDCAD could go up or drop.
GBPUSD buyGU is now at a resistance level. It may drop now. Wait for a Re-Test. Then enter the Short-Trade. After the drop it may continue the UP-Trend.
GBPJPY short and longThe GJ is in an Up_Trend. Now at the supply level it will drop at first a little. If we see here a Re-Test at the supply level we can enter the short-Trade. We are about to see a drop on the GJ Pair. After that it will continue the Up_Trend. Also here wait for a Re-Test or put SL a little bit higher. Maybe we will not se a Re-Test and it will just start rising.
USD/CHF ShortsSimple 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.
R:R 1:2.3 1st position
R:R 1:5 2nd position
USDCAD Moving UpLook like the lower high is complete on the USDCAD and now we are about to continue the upwards movement
USDJPY Pattern and Zone trading There is an ascending channel and appears to be a breakout and retest of the trend line and looks likely that price will continue to the downside.
I will be aiming to take a position short on this.
- Wait for a 4hr candle close below the resistance zone .
- Wait for a pullback and a retest of this zone.
- Wait for a rejection on the 1 hour or 30 min chart.
- Wait for price confirmation either an engulfing bar or pinbar .
- Sell
Let me know your thoughts or any other ideas
Thanks
Nath
CADJPY Broke the mini Channel SELLCADJPY Broke the mini Channel retested it created a new low and its about to break support to continue the downwards movement wait the break of support before placing sell orders
GBPAUD ZONE TO ZONEThis is a simple break and retest trade.
- We have a 4hr candle close above the resistance zone .
- Wait for a pullback and a retest of this zone.
- Wait for a rejection on the 1 hour or 30 min chart.
- Wait for price confirmation either an engulfing bar or pinbar .
- Buy
Let me know your thoughts on this one!
Thanks
USDJPY Long Trade Idea (SHORT TERM)Last week saw a decline in USDJPY. After seeing this decline, i expect price to rally for the short term which would give sellers ample time to get in the market to continue the decline.
You will now see compression into demand where demand zones will keep on creating until price meets a strong supply zone up top. That's where our TP will be, because near that area is where the huge sell-off came from last week and that was no fluke!
Take care til we meet again!
P.S.: I entered this trade a few minutes ago myself so I have my stoploss below this daily candle low.
GBPCAD - Zone to watch this week Price has been ranging between 1.7400 and 1.77200 however price has broken the top o the 1.77200 range which shows supply at this level could be weaker.
There is a fresh Daily Supply at 1.78800 level which is where I will be watching to see if price reaches this zone to short down to fresh Demand at 1.72500
GBPJPY - Zones to watch to get Long this week Price has been pushing higher this past week.
On the 4hr we have had a solid DBR which leads me to believe we could see some pull before price pushes higher.
This does look like it could set up for a RBD back into the the 145.700 level which is where I will place an order to get long.
Target areas to watch would de a daily Supply level at 152.00 and the we have a Weekly supply at 153.00 however the Daily level has yet to be tested
Last Kiss or Fakeout?its friday and quadruple witching day in the markets... cad is dead lol
read higher tf PA will be watching this closely :))
EurCad approaching major level... break? fakeout?coming to major level here very strong, cad is completely dead this morning lol
probably a break and will be watching for the retest, beware cuz its friday and quadruple witching day (google) so it may be a fakeout and give large large wick
i will be waiting for last kiss or that big fat fakeout
read higher tf PA :))
