EZ_Trading786

EZ_Trading786 Updated 

Scenario 1: Confirmed break and retest of 1.30 will target 1.34 Scenario 2: A pullback toward and test of previous support at 1.2770-50 region before the next leg up. This will also create an inverted H&S formation on daily and a stronger push upto 1.34 region and beyond.

EZ_Trading786 Updated 

Looking to short EURUSD on 4Hr trendline which is in line with the recent downtrend. This was established following formation of a rounded top at 1.19-120 region and break of neckline at 1.1860. This trade also aligns with the monthly bearish engulfing candle. SL above 1.1850 TP1 - 1.1750 giving 1:1 R:R TP2 - 1.1690 TP3 - 1.1550 (I think it should test this...

EZ_Trading786 Updated 

Potential Short opportunity for Gold based on following - * Gold broke the horizontal support around 1920 and now retesting the resistance zone. * This also coincides with the sloping trendline as well as 61.8% fib retracement at 1926 from the recent down impulse * Resistance zone comes in at 1920-1928 * 3 bar (candlestick) monthly reversal pointing downward...

EZ_Trading786

Gold has tested the ascending channel top and got rejected. Considering FOMC later today, there is 2 short setups to consider if you aren't shot already from my previous idea below. www.tradingview.com Please see chart for levels

EZ_Trading786 Updated 

GBPJPY has completed correction and broken the ascending channel on 4hr. Price now retracing to re-test the structure. Short at the trendline with Stop above yesterday's high and target atleast 130.70

EZ_Trading786 Updated 

The whole world seems to long Gold now. However, note the following for reasons to be short. # Price hasn't closed above 1700 on a weekly closing basis yet. # A massive weekly bearish pinbar formed last week. # Price is at the border of the ascending channel. Watching Price Action closely for a short setup.

EZ_Trading786 Updated 

EURGBP retraced to 61.8% fib retacement and previous support structure. Currently forming 4 Hr Double bottom. Long here with SL at 0.8710 and TP at the broken neckline around 0.90-0.9050

EZ_Trading786 Updated 

Price has retraced to 50% Fib level and previous broken structure. Watching Price action for sell setup on 4hr. If this gives away the next stop for sell is at 61.8% Fib and confluence of multiple support and resistance. Fundamentally it's a bear market and considering all the companies are literally closed for business and some of them already out of business,...

EZ_Trading786 Updated 

The correction for USDJPY stopped at the multi year descending trendline and appears to be over. A daily close below 108.35-50 will open the door to 106.60 and then toward 100.

EZ_Trading786

Looking for short setup on USDJPY @ 61.8 Fib retracement or break of the corrective ascending channel. SL above 108.55

EZ_Trading786

As the market currently doesn't have a clue what it's trying to do, the best trade on this pair is either to sell from channel top or buy from channel bottom which will give a great R:Ratio. I'd look to sell @ 1.729 with SL above 1.7370 & TP 1.7130 Alternatively buy @ 1.6915 with SL below 1.6850 & TP 1.7095. I prefer the long side of this trade if it presents...

EZ_Trading786

Gold has retraced 50% @1633 region and previous structure support. Its now consolidating and looks to be a good buy setup with potential to be a great R:R ratio.

EZ_Trading786 Updated 

Price has completed correction and broken the descending channel. Look to go long on the structure.

EZ_Trading786

Wedge broken and price now came back to retest of the broken structure. This also coincides with 61.8% fib retracement of recent down impulse.

EZ_Trading786

Down impulse and then consolidation forming a triangle. Triangle broken to downside with 4H candle close.

EZ_Trading786 Updated 

EURJPY Short setup at @ Previous Daily Resistance and broken neckline of the double top as well as 50% fib retracement of recent down impulse and 200 DMA

EZ_Trading786 Updated 

USDJPY broken ascending channel and formed a massive weekly bearish engulfing candle. Price now retraced to 38.2% fib level and previous structure. It is a good place to short with 1st TP @ 107.80. If the price further retraces to 50% fib level, 50 DMA and ascending line of the channel bottom, this will give even a better level to add to the short position....

EZ_Trading786 Updated 

* GBPNZD Forming LH & LL on weekly and daily and stuck within a descending channel for last 2 months * GBP had an extended move last week on election rumour but rejection at channel top last week * Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result. * After Friday's bearish engulfing candle close, price has...