My overall bias is short for USDCAD. It comes back to previous broken support. I would like to see a spike up rejected down below the previous support. When it retest the support (zone area) will be when I looking get into a Sell Stop trade.
H4 consolidate for almost 2 days at this support level. Price likely turn into a range where price and the range bottom. Make sense to ride it up. Buy Stop entry when current H1 turn. Set to break even when go to long direction after 10 pips
Price break a long consolidated resistance, now has tested it has support. Given the resistance was very strong, hope price will try to break it again. If price come and close below entry point, setup a Buy Stop if price does respect this support holds.
Sell Stop setup - Price broke support line - Price come back retest if does find as resistance - Entry as sell stop order ride the momentum down
Potential short opportunity: 1. If it break the trendline 2. If provide a retest form a lower high 3. Possible short when price reject in that area. Most of the USD pair has already moved, NZDUSD hasn't yet make the move. Will it follow others?
Price broken uptrend trendline, potential retest as double top. Look for the rejection about the range set Sell stop to entry market when price go down
The setup: - USDCAD has been rejected in the previous support zone for 2 H4 candles - Price now showing some downward momentum - Waiting for price to push a bit higher than place Sell Stop order to ride the downward momentum Invalidation: - If price spike up above the zone and retest find support above the structure, market has shifted from range to...
- Price coming back to range top strongly - Would like to see some spike out and reject back under the zone which will show bearish pressure - Ideally retest the zone give closer to the top and place sell stop just below the zone to ride the downward momentum if present.
Base on previous plan: I have executed the plan precise entry on the retest of the mini range bottom
Two cases for sell entry: Case one: - Price retest the higher resistance again where been rejected 4 x H1 candle - Wait for price close above as close as to the resistance as possible - Sell stop below the resistance stop above resistance ride the momentum down Case two: - Price unable to retest high but break below recent support - Wait for retest and...
1. Price form a strong double bottom (just missed!!!!) 2. Price break previous hourly structure high created a new high 3. Wait for the price come back and re-test the resistance as support with wicks rejections will be good opportunities to go long *** It is Friday which might not be a good idea to get in to a trade ***
From previous short plan: Price holding very strong above the trendline. No trade right now, wait see if it can break the previous high and come back retest as strong support. If it happened it could go higher.
Possible short plan: 1. H4 clearly show is a downtrend with a perfect trendline (marked) 2. Awaiting to break downside to current uptrend 3. Awaiting to retest after broken the buy momentum 4. Look for rejections from the zone when price started to head downward will follow it down.
1. Price broke strong downtrend and turn into range. 2. Price find strong support in below zone 3. Set Buy Stop when price turn around 4. In range price could turn any time, therefore targets need to be a bit consertivite. 5. When price move to 11 pips move stop to breakeven 6. TP1 will be 2R 7. TP2 will be 3R
1. Current support level has been tested and confirmed 3 times. 2. Price broke previous range top and coming back to retest the supports, in particular the market support zone. 3. If next couple of hourly candle shows rejections to the upside, will be high potential to make a higher high 4. Eventually, it might go test the high make a double top.
XAUUSD Long entry plan: - Price come back to support fake out with liquidy grap - Now formed second higher low - Two possible entries 1: Buy stop to catch the upside momentum 2: Buy limit wait for price come down to entry zone which recent support rejection zone (more often it will come down)
According to: Updated resistance zone price rejected shapely. Trade Setup: Type: SELL LIMIT Entry: 0.90217 Stop: 0.90336 Breakeven Point: 0.90043 (Move to break even when price touch this price) TP1: 0.89861 TP2: 0.89612
US30 could break out the resistance (need to see strong candle to break out) and retest. Likewise, if it rejecting around the top of range will be good opportunities to trade the range top.