So the same as my GBPUSD trade idea im looking for a long after it breaks the monthly/weekly trendline. It already respected the major support level (like GBPUSD did ;)) All im waiting for is the break i will update this when it does. Check my 4hour chart for other ideas on this pair. PLEASE LEAVE A LIKE IF YOU AGREE WITH THIS IDEA AND COMMENT YOUR IDEA ON GJ. Btw...
So this is my 4 hour chart. We are clearly in a nice bullish channel after breaking a resitance level. It's respecting the channel so i will see it keep doing that untel we hit that new resitance level. When the market makes a new higher high i'm going to short and target the previous support zone on a smaller timeframe and i hope it creates a higher low near that...
So this is my 4 hour chart. the market created a higher high near the resistance zone and i think its going to retrace and then continue to the upside. I may enter if it respects my fib golden zones and target the higher high. then i wait for confirmation that the resistance is holding and i will enter a short position and target the previous support zone. Use...
So we finally broke the monthly/weekly trendline after hitting major support at 1.20000/1.23000 level. So i see bullish market in 2021. I would wait for the market to create a new higer high because it's has to deal with some recistance at the 1.40000/1.42000 zone. I keep targeting the previous support/recistance zone. IF YOU AGREE WHITH THIS IDEA PLEASE LEAVE A...
Market structure broke after hitting a resistance. Aiming for 50% 61.8% fib level for support to continue its uptrend. 50EMA or 8SMA broke on 15 and 30 minute timeframe. it may reject it on the 1 hour timeframe so i have to be carefull here, If it breaks that's a even bigger sign it will drop. FX:GBPJPY
It broke the daily trendline made a higher high and came back to retest. It also boke the recistance at 0.89000 level so market structure broke. Will target the new HH and take partial profits and let's see if it can hit 0.9400 lvl xD OANDA:USDCHF
What do you guys think? I'm open for corrections. btw i need my reputation up so i can use the global chat so like if you think the same :) OANDA:XAUUSD