GBP/CAD High Risk SellHigh risk fakeout sell setup. Against the 50EMA (Which its reacting to on the 1HR now) so it's high risk. Also against the overall trend.
Breakandretest
EURJPY - BROKEN TRENDLINEHello guys!
I will keep it compact as always:
1. Trendline is broken
2. Support zone is broken
3. Support became resistance
4. Momentum is underneath the EMA50
5. Now waiting for a pullback with some rejections on the 15M timeframe.
6. If it breaks resistance zone with some long candles, then I will be looking for buys after a pullback with rejections ofcourse.
And as I always say, IMPROVISE THE MARKET!
I hope you like it!
EURJPY H1, price can do one of these.Going from trade multiple pairs and now focusing on one currency pair for awhile has taught me to never believe that you are 100% sure about what price "will do". I have learnt that including multiple outcomes in my analysis is one of the keys to making better trading decisions.
Therefore, the above chart shows 4 possible setups that could potentially take place:
1. Price is currently in the middle of an H1 trend line and an H4 support zone. If price breaks through the red line it can sell to the support zone.
2. There is also the possibility that price could hit the H1 trend line for a 7th time before deciding to sell back to the support zone.
3. Price could also chose to break through the H1 trend line and hit the H1 S/R zone (break and retest) before selling back to the support zone.
4. Price also has the option to break through both the H1 trend line and S/R zone, retest it before continuing to buy back to the Weekly resistance zone.
Any of these options are possible, whichever takes place I'll be ready for it.
EURJPY H4, possible short trade!Confirmations:
- Possible Head and Shoulders pattern (right shoulder currently forming).
- Price could possibly hit the H4 trend line for a 4th time before selling.
- Break and possible retest in this same zone.
- Multiple lower highs which could signal a change in trend.
All of the above confirmations combined create an "energy zone" based on my trading strategy. Therefore, this seems like a high probability trade setup which can turn into a nice sell back to the green H4 support zone . If you look to the left of my chart you would see that price previously made two hits to this zone before skyrocketing into a beautiful buy. That is why I chose this area as my potential take-profit zone.
EURGBP: Break and Retest to ShortBreak and retest of the previous support complete, I now expect a drop to the previous swing low.
LAST KISS OR FALLS BREAKOUTAfter several tests, price finally breakout the key resistance area
And is now pullback to the area to say goodbye and the last kiss.
Strong support from buyers in this area could push prices up again.
bulls are sharpening their horns to fight bears in the area.
If the bears won, the price will be corrected to the Fibonacci levels.
This is a major watch in the upcoming sessions.
Thanks for your like and support
Break And Retest GJ, my bias going into the week is bearish, the blue structure is a key level on H1 TF, i will be waiting for a break of the structure and a retest, for potential move down...
Buy Idea CADJPYPrice broke the descending trend-line, wait for the retest at the marked zone then buy. This is a swing trade idea, keep a close eye to the market on the following week to see the full retest
GBPJPY BUYClassic break and retest. The weekly candle is bullish indicating a strong buyers market. Bullish trend line confluence with candlestick confirmation pattern within the Fibonacci golden zone. Price broke and closed above SMA's. Looking for price to reach 139.750
Keep Your Charts Simple StupidI keep seeing charts that are very complicated. If they work for you and are consistently profitable then great don't change a thing.
If they aren't then go back to the basics. Start top down. Monthly, weekly, daily, 4hr. Key levels and trend lines all you need looking for confluences.
Need more help message me x
AUDCHF - SHORT (2 Possible Entries)2 possible entries. Wait for double top or wait for break and retest of the zone indicated
AUDCHF - SHORT (2 possible entries)2 possible entries. Wait for double top or wait for break and retest of the zone indicated
Swap Zone A potential sell trade on USDCAD when price gets to the swap zone, also it’s a break of structure and we would look to see if price rejects the structure for the move down...
Break Of Key Level A break below of a key level on the daily TF,the H4 chart shows rejection of the fib level which indicates bullish momentum, will be watching carefully for price to go retest that key level for a move down, after the move up to retest the structure.. Kindly follow and like. Cheers. Have a great trading week...
USDCAD LONGAre we seeing the start of some USD strength?
Nice bullish candle to break the descending trendline and 50MA
Would like a pullback to retest the trendline and reject the golden pocket area of the FIB creating a new higher low.
Long on GBPJPY
Reason for Entry (RRR) :
Trend overall bullish, Level 2 MM (Market Maker) Cycle, Break and Retest of 1H Resistance, Hammer Candle printed on the 15m
Outcome :
Feelings going into trade : After studying the Market Maker Method these last few days, this entry became clear as day and I feel way more confident entering off of the 15m now. TP1 nearing before I could even finish my journal entry. I WILL BE A FTMO CERTIFIED TRADER!!!
Feelings after trade :
GBPAUD! Bulls aren't done!Going off the update in my last post, The bulls have managed to secure a bullish 4hr candle closure breaking the trendline now we will look for a retest and rejection to solidify a bullish victory and enter our trade. Beyond technical analysis we will be monitoring the strength of each currency pair and how AUD reacts to tonights news event.
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
Break And Retest GA in an obvious downtrend, now we have a break of a key level and price coming back to retest it, waiting to see price action then going short on this. We have our Fib also....
Nzdchf H1 Sell !! Head and Shoulders Pattern.Nzdchf has recently created a head and shoulders pattern and price is currently below the neckline of the pattern. I will simply be looking for a retest of the neckline, CONFIRMATION that the neckline which once acted as support is now resistance, and then i will be place a sell order. Stops will be placed reasonably above the neckline. targets will be at the major low as indicated by the arrow. however i will be taking some profits at the recent low.
Key Level My potential setup for AUDUSD, as its seen clearly we’re overall bullish on this pair, price broke above a major level in that market that has been acting as a resistance, i’m looking out for price to retest this key level to continue with the bullish run. Catch The Pips 🎯🍾
