AUDUSD short POSSIBLE tradeConfluence factors:
-Down trend
-Low volume in the bullish impulse
-Channel pattern possible superior line retest
-Important support/resistance zone
1h
IS IT TIME TO SHORT THE SPXWeekly - Sup/Res levels
Daily - Fib drawn. Watch for bearish breakdown or bullish continuation
4H - Additional Sup/Res levels for breakouts
1H - Entry
GBPCAD short POSSIBLE tradeConsidering the divergence, the way the price is moving (more like correction than a strong impulse bullinsh move), the current downtrend (daily timeframe) and the channel/support resistance zone, this could be a potential short trade. ONLY TRADE IT IF YOU SEE AN ENGULFING BEARISH BAR then the price test the confluence level.
USDCHF possible long tradeConfluence factors:
-Flag pattern
-Possible 38.1 fibo retest
-Support/resistance
-Possible 50 EMA retest
-Bullish channel
You can either decide to trade the breakout or trade the retest zone. Remember breakouts confirm the patterns that we think the market is doing. In this case, we are talking about a POSSIBLE (not confirmed) flag pattern. If the price breaks the above line and breaks the flag, then the flag is confirmed. Always manage your money wisely.
AUDNZD Short idea (flag pattern)Following the downtrend, we can say we see a 'clear' short opportunity by looking at the flag pattern, which is a continuation pattern. The price could also reach a 50% or 61.8% level from the fibonacci and combining it with the support/resistance zone, and the possible retest to the 50 EMA, it could be a potential trade.
LTCUSD | 1H | GANN/PHI BOX SETUPNew experimental setup, another potential up move before cool-off.. enjoy!
Cheers,
Keops
[EURAUD] Quick Short/Pullback1H Chart analysis on EURAUD: Pullback expected before long continuation to the 1.606 region.
CAD looking weak!Analysis
-CADJPY looking bearish after showing signs of reversal. Buyers pushed price up into and past resistance before the previous day's candle close. The next day, sellers stepped in and pushed price all the way down past yesterday's daily candle open.
-The price action resulted in a bearish engulfing setup AT RESISTANCE which is a bearish sign.
-On the 1H time frame, price just broke a bullish trend to the downside and has retraced some pips, possible retesting breakout.
-There is also bearish RSI divergence on the 1H time frame which further eludes to price possibly reversing to the downside.
-The reward/risk seems tight for the setup (given the distance between daily S/R) so I'm waiting for a strong pullback before entering short
Entry, Stops and Targets
-Short Entry: 83.79 (I entered on a pullback after price broke out)
-Stop Loss: 84.275 (Set stop above the high of the daily reversal candle)
-Take Profit: 82.82 (Set targets at a minimum of 1.8 times your stop depending on entry)
= 2R
*Manage your EMOTIONS, manage your RISK, follow your STRATEGY*
TURNING PRO CHALLENGE TRADING STRATEGYEURUSD - PRO CHALLENGE TRADING STRATEGY
WEEKLY CHART
Current Price at Weekly Sup/Res level of 1.1300
DAY CHART
Previous Evening Star candle patterns created Bearish moves
Watch for current Day candle to close Bearish to complete a 3rd Evening Star Pattern
Previous day candle was a Bearish Pin Bar
These candle patterns will confirm a Bearish continuation move short
1H CHART
Add Standard Pivot Point indicator
Price is returning down to Weekly S/R level and current Pivot level
This created my 1st Sell Take Profit zone where I will close 1/2 of my trade
Watching for Price to break below these two support levels
2nd Sell Stop @ 1.1280
Finale Take Profit close all trades @ 1.1235
Find SL
EURUSD 1H BULLISH CONTINUATIONPossible Bearish Pullback
Buy Limit zone for 1st Bullish trade entry
1st Take Profit take 1/2 trade off @ 1.1376
2nd Bullish trade entry @ 1.1376
Finale Bullish Take Profit close all trades @ 1.1395
Find your SL
CL1!, on 1h long; NICE RISK REWARD RATIO 2.8At the first we had a H&S before.
We have a bullish trend since 12th February and a nice rebounce from the Fibonacci level 50.
The market close above the supportline( Look at the big arrow)
Nice Risk/ Reward Ratio 2.8.
Good luck everyone.
EURUSD, on 1h Just a simple Chart, we have a nice supportline who is triggered two times.
wait for your signal and make your own decisions.
Good luck everybody.
USDEUR_1h_Go ShortUSDEUR_1h_Go Short
you have 3 targets in the chart
go for each one and get your profit one by one
XAUUSD - buy or SellDear Traders,
as you can see with the XAUUSD TF 1h, it shows there is a triangle and when the price candle close with breakout any side of the triangle it is mean to buy or sell.
and the target as mention on the chart.
Good luck
AUD/USD AB=CD patternAUD/USD AB=CD pattern with 50.0 Fibonacci retracement of B point and D at Fibonacci retracement 200.0 of B and C point.
