GBP/JPY market structure trading zonesLook for a break, resets, and rejection of the areas (zones ) before entering a trade
Zonetrading
Weekly Analysis Resumes This WeekHey all!
Been a bit under the weather recovering from injury.
I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week.
Here's how I view the charts:
I'm looking to see if I can find the price's overall move for the week with each pair.
TPs will be posted based on how far I think price will move before it does a pullback or continuation.
I don't pick one direction since market and world news can be unpredictable.
The sole focus as a trader is to get in front of the move by using the zones I mark for entry and exits.
Need more help?
Leave a comment or direct message and I'll respond to messages each day.
Let's Make Some Money Traders!
Much Heart
XAUUSD, 1hr tf, upper zone rejection with bearish divergenceHello my friends,
Previously XAUUSD closed with a solid big bearish candle on daily timeframe during Wednesday. After that, it consolidated inside marked zone for whole day at Thursday. It actually looked like an inside bar which is a continuation pattern to the downside for me.
It also break below the ascending trendline so i think the short term trend is bearish for now.
In my opinion this is the C wave of ABC correction from higher timeframe.
Taking a deeper look into 1hr chart to time our entry, there is a bearish divergence exactly at the resistance so we could try capitalize this opportunity.
Sell XAUUSD 1950
Stop loss 1958
Take profit at 1926
RR ratio 1:3
Use proper risk management
Only risk 1-2% of your equity
Good Luck
GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends,
GBPNZD currently very interesting as price broken below the short term trend line.
Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle.
I tried selling GBPNZD on the retest of broken zone of previous double top pattern.
Sell GBPNZD 1.9960
Stop loss 2.0035
Take profit 1 @ 1.9860
Take profit 2 @ 1.9770
Use proper risk management
Only risk 1-2% of your equity
Moved SL to entry once price touched TP1
Good luck
EURNZD, 2hr timeframe, sell on zone retest Hello my friends,
Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support.
This support now turned into resistance and price currently retesting it.
EURNZD also has broken below the trend line, so I could say the short term trend is now bearish.
Sell EURNZD 1.8055
Stop loss 1.8120
Take profit 1 @1.7950
Take profit 2 @1.7880
RR ratio is 1 : 2.5
Risk only 1-2% of your equity
Move stop loss to entry once it hit TP1
Good Luck
GBPJPY, 4hr timeframe, price back into zone after false breakHello my friends,
I previosly posted about the chance of GBPJPY making a broadening wedge pattern.
Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well.
I am closing my previous buy and cut my losses at138.90 for -20 pips.
At the same time i switched into sell position because the last 4hr candle close also support further downside.
Sell GBPJPY 138.90
Stop loss 139.50
Take profit 137.85
RR ratio is 1 : 1.75
Risk only 1% of your equity
Set stop loss to entry once price move below 138.50
Good luck
GBPJPY, 1hr timerame, sell on rejection of EMA-50Hello my friends,
Today i saw a nice setup of GBPJPY on 1hr timeframe.
After marking our upper zone and lower zone, i found that pice comeback to retest the upper zone which is now a resistance.
Ther is also 50-EMA of 1hr chart exactly on this upper zone. We could say it is an area of confluences where sellers keep price from moving up.
Also noticed that stochastic on overbought level exactly at this area so there are more reasons for price to go down.
Sell GBPJPY @138.95
Stop loss 139.30
Take profit 1 @138.55
Take profit 2 @138.20
Take profit 3 @137.85
Use proper risk management
Only risk 1-2% of your Equity
Also moved SL to entry after it hit TP1 or TP2
Good Luck
*NZDUSD* technical analysisFor this trade if i want to entry short i would need for there to be a clean break from the zone before a entry on the retest and if i want to enter for a consolidation i would require a bullish engulfing before having a long entry
*EURGBP*analysisIt currently showing a silent consolidation. so there 2 way to play this trade either wait for a breakout and retest before entry or if u have an indicator u can just trade within the consolidation at the zone
ALGO buy time. Resistance retest complete. Was waiting on this retest. Bulls eye. Hope it pumps here.
Perfect Support Touch: Take profit at next resistance.Perfect support touch. Going up here at least till next resistance zone.
SPXWe had a nose dive earlier.
Broke and closed below support but, couldn't hold.
Instead of retesting it as resistance, it broke back above and rejected the same level of support.
*EURGBP* breakout analysisFor this trade i am looking for a breakdown of the minor zone below before getting a 3 bar reversal or bearish engulfing for entry,and at the same time look for a lower low and close as that would mean the trend will continue downwards.
*CADCHF* trend continuationi expect a breakdown from the minor zone before a small retest and a signaling bar example(3 bar reversal or bearish engulfing ) before making an entry for the continuation of the trend
*NZDUSD* breakout analysefor this trade i would require the price to break either 1 of the nearest zone and restest before longing or shorting,A good area to take TP would be the zone after the zone that broke recently.Let me know what yall think
BajfinanceI'm Novice, experts please correct me if I'm wrong.
On lower side: 2730
Upside target: 3300+
GBP/JPY SHORTThis pair has been making LH and now it is at an important support level and I'm hoping for it this week to land at my final projection of 129.667. As of now I don't see confirmation as of yet to go bullish other than possible counter trend trades no key areas have been broken to go bullish, That could change and we will practice patience and wait for what the market gives us and move accordingly.
USDCAD IDEA...USDCAD, as we're in an overall downtrend,
and now the market managed to make an H&S on strong resistance,
we might see a possible drop from now, but the pair could fluctuate around the current zone!
Let's be patient! Right now we have two option to open a trade right now or to wait for the market to reach a better price.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
