Setupoftheday
EXTREMELY INTERESTING EUR/USD setupI've had this setup for the past months and didn't touched anything, the entire setup was right all buy points sell points; supply demand areas...
I truly believe what we see in EUR/USD is another possible reject of the blue trendline and expect buys. In case of sells (under blue line) and good rejects start looking for entries with all the support and resistance areas, in that time I'm gonna post a small update with the new trendiness drawed to cach those short time buy-sells if correlates with the actual and useful fibonacci levels that are drawed.
DXY Short PotentialTVC:DXY the index is seen below the kumo cloud which is the first sign that the index tends to move down. The second signal that serves as an indication is that DXY is in the descending channel which makes the pinbar on Friday's session yesterday, the pinbar is right on the S / R line and 0,5 fib retracement level. This will affect several trades.
Day Trade: EURUSD 1HR - Short after channel broken.FX:EURUSD
EURUSD
Well The EURUSD wasn't able to push higher and broke the channel found some support on the 200EMA, it is expected to retest the broken channel which will be around the 1.1150.
From there price can be expected to push lower to target the 1.1045 close to around 95 pips.
On the other hand if buyers were able to push higher than the channel, then the setup will be void.
Swing Trend Trades on GBP/NZDIt doesn’t look like the bullish candlesticks are gonna stop anytime soon, so y’all might have to wait until we see consolidation or bearish momentum before you bet on GBP/NZD extending its downtrend.
If you’re planning to short NZD, then you’ll want to place your stops just above the channel and aim for November’s lows for maximum reward-to-risk ratio.
Possible AUD/CHF Short Position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.67250
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.67250
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
GBP/AUD SETUP - possible entry and stop loss included Hello all,
I have a potential short setup for you.
A bear flag has emerged on the GBP/AUD pair on the 4 hour chart.
Enter on a breakdown of the bear flag.
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(possible) entry: 1.7683
(possible) stop loss: 1.7790
(possible) 1st profit target: 1.7620 (pivot low of the trend leg)
--from there on trailing stop losses accordingly--
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Remember, only use this trade idea in line with YOUR OWN trading strategy. This is the bare bones of an idea that should only be implemented in conjunction with your own trading system.
Also, PLEASE KEEP IN MIND the ongoing Brexit developments which may lead to unpredictable fluctuations in price. In particular, the two leading candidates in line to become Prime Minister next week have both publicly stated that they are open to the idea of a No Brexit situation concerning the October 31 deadline. This has caused some political friction within the UK Parliament and with the EU.
Happy trading!
CAD/CHF SETUP (DAILY) - POSSIBLE ENTRY, STOP LOSS INCLUDEDHello all!
I have another setup for you this morning. As you can see on the Daily chart, a bull flag has formed for this pair.
We will be interested in entering long on a breakdown of this flag. So far today, price has supported the upside momentum we are looking for, however, this should be sustained throughout the day in order to maintain our bullish bias.
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(possible) Entry: (1) Use Yesterday's High as a trigger for entering this trade; OR (2) Wait to see whether upward momentum is sustained today, and enter on upside momentum tomorrow (however, make sure price isn't extended at that point)
(possible) Stop loss: 0.7544
(possible) Take profit: Take partial profits at the pivot high of the trend leg - 0.7612 - from there after trail stops.
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Remember, only use this trade idea in line with YOUR OWN trading strategy. This is the bare bones of an idea that should only be implemented in conjunction with your own trading system.
Also, PLEASE KEEP IN MIND the economic data concerning Canada that will be coming out this morning. This may cause whiplashes or a reversal in the trade.
Happy trading!
Possible USD/CHF Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4-12 Hrs
Actions on -
A – Activating Event
Market will meet resistance in zone @1.012 - .... and fall to the 1.008. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.008
USD/CHF
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 1.008
Target 2 @ ....
Risk/Reward @ 2.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!