XAG USD - Short term sell, long term buyXAG - we have seen a great impulse and made our way up to the supply at 0.786 zone
Where on the daily time frame we have a good order block which was a great indicator for a supply.
We will await for the price to test the upper supply as previous high had wicks - so a possible manipulation stop hunt move may occurs.
We will short as a hedge - due to long positions, but have a good momentum here to make a nice retracement to 16.6 or 15.5-57 zone where a fresh demand awaits.
Let us know your thoughts.
Keep in monday is a low volume day for many vacations around the world.
Thanks,
Lupa
Zonetrading
GBP AUD - long term buysprice hit our demand area between 1.82 - 1.80 - we did not catch the initial rejection due to sleeping.. however caught the nice order block
We will be looking to buy multiple times here - there could be a possibility of a double bottom.
this can also be a correction move to start.
so anticipate sells and lock in buys risk free
Looking to add up positions here for long term swings.
technicals
fresh touch of the demand after a long rally down drop base drop scenario
on previous touch - strong engulfing candles to the upside, similar pattern here
bearish technical - was oversized head and shoulders.
Good luck and enjoy the trade.
If you like our swing trade work, please leave a like and or comment.
Thanks,
Lupa
Is This Week In Favor Of The Bulls? Depends On The WeeklyThis did not beat the last lower high, so waiting to see if what will happen when price decides to make a return trip to the weekly 1.66128 zone.
Just going to play this out zone to zone for now and see if this is a continued bearish trend or not.
BULL TPS:
• 1.67637
• 1.68857
• 1.70101
BEAR TPS:
• 1.66260
• 1.64795
• 1.63299
USDCAD LongBeen getting in the habit of doing my little analysis after 9est but this trade was early after CAD news
Entered 4015 on bull pennant 5m after news and took it up for 1:2RRR
4h momentum risk-off day plus cad drops after news plus technical pennant
bias is still long maybe there will be another entry point to go higher.
GA Short [one last time]GBP AUD has a clear downtrend but as we come ever closer to the weekly and monthly level - we need to be careful.
Note our trade is risk free: - we are just awaiting the market open - ofcourse if there is a gap down - expect a possible attempt to fill the gap.
We have a strong supply at 0.236 on the four hour. Not the Stop loss is the number of pips we wish to enter. price will change, this is just to show our range of where to enter.
There will be a retracement, however with fundamentals in play this can be ignored. Always have two scenarios in mind.
COT report; GBP shorts added on the COT report against the USD, the final push down the demand zone will occur. just await price action.
Happy Trading this week ahead. We will update accordingly.
Lupa.
Higher Low Possibly Getting Ready To FormGA is hovering over the daily SR zone, but it looks like it may getting ready to do a higher low before continuing on a new uptrend. With the big nosedive it took, not sure how high it can go. But I'm gonna enjoy the ride either way.
BEAR TPS:
• 1.94116
• 1.93353
• 1.92369 (where I believe the higher low will complete for continuation)
• 1.91329
BULL TPS:
• 1.95087
• 1.96401
• 1.98068
A Temporary Bear Run At PlayAfter that big stutter-step from gold, it is currently respecting a trendline from what I can see so far. So we are going to trade to can it return to a certain zone around 1652.46, or will It make another run for the weekly.
BEAR TPS:
• 1686.70
• 1673.49
• 1652.46
• 1632.23 (just wanna see can it make it to this target)
BULL TPS:
• 1713.37
• 1720.94
• 1733.84
• 17.54.14
Correction DueYou missed a helluva move last week with this pair if you weren't paying attention. So this week, we're trading the possible retracement for continuation. It depends on what the market feels like. Right now, it appears this will continue bullish after a correction.
BULL TPS:
• 1.54878
• 1.56354
• 1.58161
BEAR TPS:
• 1.53960
• 1.52947 (zone where retracement will possibly end for continuation)
• 1.52140
• 1.50998
HOW I TRADE - ZONE TO ZONE - TRENDLINES Hi Guys! Today I take you through a quick look at how I trade and use zone to zone trading accommodated with trendlines to get my extra edge on the market. Please if you found this video useful can you please comment and like below and please include what you'd like to see in the future.
Hope this helped! Happy Trading!
Fibonacci Street Cheat Sheet- Time Cycles to 2022Inspired by the Wall Street Cheat Sheet (static.cryptoglobe.com)
We are applying major Fibonacci pivot points since the top of 2017. Disbelief ends in down days/weeks. Going to shake people out in the ensuing weeks and see the mathematics of the Fibonacci cheat sheet play out.
EUR GBP shortDespite the volume - bullish euro pressure failed to break the 50% retracement.
There for the bearish pressure is still present.
The target 1 is 0.871 - which is tapped so 25% close
Target 2 - 0.8690
Target 3 0.8670
Target 4: 0.8650
We are currently risk free, if price reverses - still made pips. This is what is important.
Us30 - from FridayPrivate trade we took
Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here.
We only used a 0.5 contract to run to the target
and closed the other 1.00 before at target I.
The reason for the trade?
W bottom formation - included a double bottom on the 15min pattern.
We entered early and then as the rejection of the double bottom. again.
With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones.
The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.