CADCHF `` HIGH RISK `` RR 1.5x/5.7xLogic may result in loss.
Technical intuition may be safer- I prefer to enter when resistance (as drawn) is broken, more likely, while it pullback to retest.
It's a High risk trade. Direction is pending.
Pullback
Ford - A good spot for a swing trade Long?Looking at the Ford weekly chart, share price has fallen hard since Jan. of this year with no relief pull-back. Well over 50% from the low in March 2020. Is it at a good level now for that pull-back to happen?
Notice a possible head and shoulder formation brewing in the works. Price is at the 200ema on the weekly and at the .618 fib level. The .618 fib level is at a point of support also. Stoch RSI has been under 20 since early Feb. Maybe a good time to pick up a few shares for the longer term investor. Or possibly a nice swing trade long.
It'll be interesting if price just destroys this zone or reacts to it.
Why Do Pullbacks / Retracements Happen?When price moves from A to B, it rarely moves in a straight line.
To get from A to B, price moves in that direction, retraces a little, then moves in that direction again.
Why does that happen ?
1. Natural supply / demand dynamics
The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The others which have not yet will look for a retracement to buy again or to even short the move.Sellers will inevitably start testing the move. To see its strength at a point where they feel buying is at its weakest. As the sellers join the fight, buyers will see the upward momentum drop. Some will begin to sell out pushing momentum further down. The market makers who are moving the market the most will also reduce their buying pressure so they can save their capital to support the market after the retracement In order to ensure that there will be a higher swing low.
2. Manipulation by market makers.
"Saving their capital" sometimes generates whole trends, rather than just a small pullback. Long uptrends for long periods of times will eventually finally hit consistent supply above which MM will not be able to push further. At this point the big players will start dumping a large amount of their supply the market goes into a steep decline covering almost the entire distance of the uptrend before the big player starts to scoop up all the inventory at a low price and repeat the upside move again.
3. Shaking out weak hands
In order for a market to push higher. It needs to shake out the weak hands by engineering pullbacks. Weak hands will provide the necessary liquidity for the market maker to push the price higher.
4. Stops hunting. Market makers know perfectly well there will be traders moving up their stops up with the market. They will hunt them down. Sophisticated algos and trading programs will be used for this which further adds to the supply that causes retracements to occur.
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Not much strength in the downfall on EURUSD Yesterday we expected to see a beginning of a downside move on EURUSD.
However, it looks like we're probably going to see higher values before that due to lack of strength,
All short positions should be closed.
We will be looking for short term buys around the levels of 1,0543.
There will be new selling opportunities at a higher price levels!
Oil Brent has bullish momentumAfter breaking RED trendline, OIL price will increase dramaticly
A Pullback is possible
2505 4HPLAN GOLD going to pull back from FIBO 382 ?Hello traders,
GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here.
A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618.
Otherwise, it could retest the bottom again on 4h chart.
So this plan on 4h chart is looking for a entry confirming signal later session totest bottom support levels.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
KCSUSDT is ready for the monthly pullback?the price tested the demand zone on 10$ and get the new liquidity.
Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly)
How to approach?
IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's strategy, we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Time to sell EURUSD Yesterday we looked at the sell zone on EURUSD
Price has now reached it and it's time to look for a possible reversal and entries to the downside.
We're still expecting another push above 1,0700 and our best entry moment.
Stops will be above the sell area and the reversal!
EURUSD sell zoneLast week we talked about a move up to 1,0660
We expect to see a continuation of this move.
However, it's important to make sure that we know what's going on on the higher timeframes as well.
We already have a sell zone on H4.
That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside.
All buys should be closed once the market enters the sell zone and especially after we see some reversal candles as well.
NZDUSD Forecast: 2.03% IncreaseNZDUSD is bullish. Why? Price closed above trend line resistance. The close transformed trend line into support. You also see higher lows are increasing. Be on the lookout for a price action signal on the pull back.
EURCAD Short Term Buy IdeaH1 - Bullish convergence.
Currently it looks like a pullback is happening.
Bullish hidden divergence.
Until the strong support zone holds my short term view remains bullish here. A valid breakout above the most recent downtrend line would be the validation for this bullish view.
BNB Trade IdeaPrice has broken the last previous low and now we enter short on the pullback to benefit from good risk to reward ratio. The total market cap of crypto is also showing a bearish sentiment which adds confluence and chance of hitting our take profits.
Rise on EURUSDYesterday we looked at the expected retracement on EURUSD to 1,0660.
This is how we usually look at the chart and wait for a rise on the lower timeframes.
It's still possible that price could drop to 1,0430 and then begin an upside move.
There will be buying opportunities on the bounce of.
Buys are against the main move and they carry more risk. That's why they should be skipped or traded with a lower risk.
USDCHF Short Term Sell IdeaH4 - Price is bouncing lower from the psychological level 1.
Bearish divergence.
Expecting short term bearish moves to happen here.
H1 - Bearish convergence.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
Until the strong resistance zone holds my short term view remains bearish here.
The pullback on EURUSD will continue to 1,0660In the beginning of the week we talked about the potential pullbacks on the major pairs.
Yesterday those pullbacks happened and we can now say where it will possibly end.
EURUSD is trading in a clear downtrend on the H4 and Daily timeframes.
But a part of this trend is a deeper retracement. Exactly what we see right now.
That indicates for a push up to 1,0660 and maybe even higher before the next drop and price eventually breaking below the low at 1,0350.
We don't trade the pullbacks meaning we're not looking to buy but instead, we would rather wait for another selling opportunity.
US30 REVERSALThe price is approaching my extended target from the previous analysis which also happens to be the monthly support.
Am expecting a bullish bounce with initial retracement levels at 32000 and 32650
Is it time for a pullback on EURUSD?Today, we're expecting a test of the previous low and most probably a breakout as well which should take price around 1,0300.
Around those levels we could expect a pullback on the downfall that started at 1,1180.
That means we should look to close all of our short positions soon.
Once we form a confirmed low and we see reversal signals we could possibly start to look for long trades.
SOLUSDT wants the 0.618 Fibonacci levelThe price had a bearish impulse until the 37$ where the market has the daily support.
As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$.
How to approach?
The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
A pullback and another drop to 1,0300 on EURUSD Yesterday we had a breakout of the range and a continuation down on EURUSD.
We're still expecting that price will continue in the same direction after the little break that it's taking right now.
A rejection of the sell zone would be a good entry opportunity,
The next target will be below 1,0300. We will have specific TP levels once the pullback has ended.
$APE is on a pullback. Get in for a 23% gain
On my 4hrchart, $APE has moved into a pullback pattern breaking my 9 period #MovingAverage and poking a small rejection THROUGH a 36 period average.
It's my impression this will move to tye 50 period and test it a couple times.
Using your #RSI you can see the reactivity. If you set your RSI MA at either 7, 9, or 13, you can use it ans a #supertrend.
Each time a green #Hiken-Ashi closes ABOVE the RSI that is an indication to stay in the trade.
This particular move started as a series of green candles were interrupted by a red tiny pin. Then switched back to green. This was simply a pause in tye move. My #Support and #resistance levels show the lower #wick of this pin extended beyond the lower part of the support #zone. Once the jext candle closed #Bullish it solidified the move up for a #pullback and the red candle basically gave you a new #Low to you.
At this point you can
1. enter the next candle
2. Set your stoploss just below that pin-low
3. Set your #reward as a 2:1
This short move on a 4 hour #chart is still about a 20% gain on price. I think it is. I cant remember specifically because that's on another screen but either way, if you're buying at least 3 shares, it's a good move.
BTCUSDT potential Head and ShoulderBTCUSDT potential inverted Head and Shoulder in a expected swing upward on this bullish oversold momentum. Pinbar bottom daily formation.
BTCUSDT ready for the pullback?The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe.
On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.
How to approach?
If the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
