royschen07

royschen07

Price Action Trading Daily Bias Bearish Price broken through daily support level and formed a flag pattern towards the broken support (turn resistance) Price broken through the flag support trendline and also broken below the H1 support level. Price is seems bearish. Set a short trade at broken H1 support level confluence with Daily resistance level and close to...

royschen07

Price Action Trading Daily Bias Bearish. Price enter into H4 broken support level and rejected from that level after forming a wedge. The price break through the last H1 support and H1 bullish trendline. This is a sign that price has strong rejection from that H4 new resistance level. H1 resistance is pretty strong. Set Short trade with SL above swing high. As...

royschen07

Price Action Trading Daily Bias Bearish. Price enter into H4 broken support level and rejected from that level after forming a wedge. The price break through the last H1 support and H1 bullish trendline. This is a sign that price has strong rejection from that H4 new resistance level. Set Short trade with SL above swing high. As it is trend following, R:R...

royschen07

Price Action Trading H4 Bias is Bearish. USD is strengthening with interest rate staying at 5.5% The price break through H4 horizontal level which supposed to react as support level. After closing below the broken support, the price formed a bearish flag pattern. In H1 price broken and close below the flag support trendline. Price is expected to go lower from...

royschen07

Daily Bias bearish Fundamental align EUR Bear NZD Bull Price Action, Price retrace back into fibo level 61.8% with confluence with H4 horizontal Level. Price formed a strong rejection bearish candle and closed below H1 swing low. Price also broken short term bullish trendline. Set Short trade at broken support level with target the next Daily swing low with...

royschen07

Daily Bias Bullish Fundamental AUD is bullish and CAD is bearish Price retrace back into H4 Support level that have not been brought for a long time. The level was strong and created long term rejection. H1 TF, price was rejected at the level and formed a Inverse H&S pattern with a strong bullish candle closing above the neckline (Resistance) Set a long set up...

royschen07

Daily Bias Bearish Price has retrace back to a H4 broken support level. There was a strong rejection from the support level within the FVG. In H1 TF, price pushed lower and broke the H1 support level. Short trade set up at H1 broken support to target swing low for H4 TF with R:R 1:3 Fundamental align with trade

royschen07

Daily Bias, Bullish Fundamental GBP Bull AUD Bear Price retrace back into H4 FVG and market slow down. Price have created a strong bullished push and form a FVG in M15 TF and caused a market structure shift. Set a long trade at the FVG and targeting H4 Swing high with R:R 1:3

royschen07

Price Action Day Trading H4 Bias: Bullish H4 created a new high and higher low breaking and closing about previous swing high. H1 TF, Price retrace back to H1 support level targeting Daily Swing high. Setup: H1 support & broken bearish Trendline confluence area is a good spot for set up for long trade. Targeting Daily swing high 1:10 RR with SL slightly...

royschen07

Price Action Day Trading Daily Bias: Bullish POI: H4 Price retrace back to a horizontal level that been tested many times. It is retesting broken bearish trendline. Which formed a confluence. H4 candle formed a strong bullish momentum candles. Setup: H1 at confluence area (more dependable on horizontal level. SL below swing low. TP at swing high with R:R...

royschen07

Price Action Trading Daily Bias Bullish. Price retraced back into Daily Support level where price have not broken through. Once arrived at the support level, H4 candles rejected from that level and broken a H1 horizontal level and bearish trendline. Set long trade at broken resistance level targeting Daily Swing high 1:3 RR High Risk trade.

royschen07

Price Action Trading Daily Bias Bullish H4 Bearish, Price retrace back to fibonacci 61.8% level and rejected from previous resistane level. possible turn support. In H1 TF, Price broke a H1 resistance neckline and close above. A reversal H&S pattern formed. Set a long trade at the broken resistance and target Daily Swing high with R:R 1:4 Fundamental data...

royschen07

Price Action Trading Daily Bias Bearish H4 Bearish: There was a consolidation formed and breakout happened towards the downside. With fundamentals supporting double currency direction. In H1 TF, I have set a short trade at the broken trendline with the resistance level targeting the next week low with R:R 1:5.

royschen07

Price Action Trading Daily Bias Bearish H4 Bearish, Price retrace back to at least 61.8% and rejected from a previous horizontal level. H4 candle was bearish candle. In H1 TF, Price broke a H1 support neckline and close lower. Set a short trade at Broken support level and TP at Swing Low of Daily TP with R:R 1:8

royschen07

Price Action Trading Daily Bias Bearish H4 Bearish, Price retrace back to at least 50% and rejected from a previous horizontal level. H4 candle was bearish candle. In H1 TF, Price broke a H1 support neckline and close lower. Set a short trade at Broken support level and TP at Swing Low of Daily TP with R:R 1:5

royschen07

Price Action Day Trading Daily Bias Bullish H4 TF price retrace back to a strong horizontal level. Then price formed a bullish candle pattern and rejected from that level. H1 TF Price formed a triple bottom pattern and break through with a strong momentum candle towards upside. Set long trade at the broken resistance of consolidation targeting Swing High for...

royschen07

Price Action Day Trading Daily Bias Bearish. POI - Price broken out of a consolidation. Going down to the H1 TF, Setting a short trade at the broken support level with a SL above the swing high in H1. Targeting Daily Swing Low R:R 1:5 Risk not more than 1% each trade.

royschen07

Price Action Day Trading Daily Bias: Bullish, Price broken through long term resistance and closed above POI: Price is retracing back to the broken resistance after formed a higher high. Based on Currency Index, NZD is close to support level and CHF is close to resistance level. Based on those confluence, NZDCHF will have a higher chance of bullish reacting at...