CZKUSD trade ideas
USDCZK huge potential on the downsideExpect a retest of support in the next few days. Then there will be 2 scenarios :
A) Price bounce marking a double bottom and possible bull run or back to the range
B) Support is broken -> Ideal scenario as this would open up a huge gap to the downside
How to trade it? Well, I have entered on the break of 4H support and will reassess when D support is reached.
Another possibility is to wait until support is reached and then assess there, the R:R will still be great. If using this option u can wait for a long bullish candle to enter long or for a break (or break and retest) to enter short. Theres no right or wrong as long as u follow a plan.
If you have any questions please leave them in comments.
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Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
USDCZK ready or not? -> Follow the Shrimp 🦐 The market after a sharp drop retrace till the 0.382 fib level and hit the ema 21.
At the moment market is breaking the support trend line and when it will break and close below he structure we can set a short order according to our rules.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDCZK broke an ascending channel 🦐USDCZK broke an ascending channel and we are waiting to see a breakout of static support.
According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDCZK Short it and forget about itHi there!
Once again, all explanations are in the chart. Pretty simple setup to be honest.
If the pair closes above most recent swing high the idea will be invalidated.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
USD/CZK: LONG SIGNALSHello traders!
USD/CZK seems having reached a good support after a long downtrend!
- BULLISH ENGULFING PATTERN appeared on the 11st of June
- BEARISH MOMENTUM looks always weaker
- MACD LINE is really closed to cross the SIGNAL LINE
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
USDCZK potential reversal to the upsideon DAILY: USDCZK is sitting around a strong support zone so we will be looking for objective buy setups on lower timeframes.
on H1: USDCZK is currently forming a wedge pattern (not valid yet) so we are waiting for a new swing to form around our upper trendline to consider it valid and then enter on its break upward.
we also have a regular bullish divergence adding more confluence to our buy setup.
USDCZK graph, just an ideaAfter coronavirus czech koruna has fallen a lot against dollar. The difference between top and bottom is 15%. I think right now we're painting a left shoulder. Then we will paint head and right shoulder and then we will go back to normal price of czk.
USDCZK JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 24.14005 CONSOLIDATION, ENTER SHORT
POSSIBLE LONG OPPORTUNITY ON USDCZK Strong bullish imbalance created fresh demand zone for buy. Patience is key. We need to wait for price to retrace back into the zone where we will be looking to go long.
USDCZK looking out for breakout directionUSDCZK looking out for breakout direction, weekly/daily price action is very close to the resistance line, watch and lookout for breakout direction.
USDCZK SHORTThe pair touched the upper channel, continuation toward 24.4, very good risk/reward ratio
USDCZK | Evening StarPlease support this idea with LIKE if you find it useful.
Price was rejected by the Higher Boundary of the Descending Channel and formed the Evening Star bearish candlestick pattern. If price loses the mid line of the Descending Channel we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
EUR/CZK 1D The market is in a discending channel and couldnt break the historical high of 2015-2017.
Now it just reached the discending trendline and is near the 0.618 fib retracement level.
If the envoirment will give us a bearish signal we can look for a possible short till the lower resistance of the market.
