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Breakandretest

USDJPY ANALYSISDon't forget to hit like and leave comment down below! 👍 Hello traders! Here are my thoughts on USD/JPY. Price has been recently creating a strong push phase to the upside while not creating almost any lows. My approach to this situation is to wait till price comes back to the support line and then will enter long on the 4h chart. 📈📉Trends: ⏳ Weekly- BULLISH ⌛️ Daily- BULLISH 🟣 Purple zone - Weekly key level 🔵 Blue zone - Daily key level Trade will be taken only if all conditions were met. Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨‍👩‍👧‍👦 Have a wonderful and profitable day! ❤️ - ProfitalzTrading
by profitalztrading
6
GOLD ANALYSIS Don't forget to hit like and leave comment down below! 👍 Hello traders! Here are my thoughts on Gold. I would like to share opportunity I found on the 4h timeframe. This is a simple break and re-test trend following strategy. Please wait for re-test before entering this trade. 📈📉Trends: ⏳ Weekly- Bearish ⌛️ Daily- Bearish 🟣 Purple zone - Weekly key level 🔵 Blue zone - Daily key level Trade will be taken only if all conditions were met. Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨‍👩‍👧‍👦 Have a wonderful and profitable day! ❤️ - ProfitalzTrading
OANDA:XAUUSDShort
by profitalztrading
2
Dollar Index// Update 💸💸 Reasons not to enter: - We haven't had a close daily close within the channel. - Price is above 20EMA showing bullish momentum to top of BB. - There's still a lot of bullish momentum. There is a possibility to break out and continue higher to form another harmonic pattern at the last high, from which we could have a pull back to retest the broken TL and continue back up....OR a pullback all the way into the channel retesting the broken smaller wedge then continue within the bigger channel downwards. Let me hear your thoughts. Check comments for more on this.
TVC:DXY
by N0ST0PL0SS
1
GBPJPY BUYAfter price made a n extreme high during the asian session 2 days ago, price action has been bullish and has broken above that new high. On the 15 minute chart here we can see that Price is now retesting that major high with confluence with the golden fibonacci zone( the 50% and 61.8%). I will be waiting for price to come into the zone and give me some entry confirmations such as a doji or bullish engulfing. If that happens, I will set stops below the zone at the -78.6 extension. I'll be running 2 positions. One for TP1( - 27.00 extension) and the other for TP2( -61.8 extesion,). Stops will be set to BE after price reaches TP1. Lets see if the setup fully occurs or if price just blows past the new found support. RISK MANAGMENT
Long
by jacolbywilliams11
EURJPY- BREAK AND RETEST POSSIBLE LONG OPPORTUNITYDon't forget to hit like and leave comment down below! 👍 Hello traders! Here are my thoughts on EUR/JPY. As we can see on the weekly chart below, price is in nice and healthy uptrend, creating HH's and HL's while also staying above 50 MA. On the daily, we can see a nice break of structure. After that, a retracement from resistance occurred. This is a great trade for break and re-test traders like myself. Please, wait till price closes above resistance and wait for confirmation of re-test level! 📈📉Trends: ⏳ Weekly- Bullish ⌛️ Daily- Bullish 🟣 Purple zone - Weekly key level 🔵 Blue zone - Daily key level Trade will be taken only if all conditions were met. Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨‍👩‍👧‍👦 Have a wonderful and profitable day! ❤️ - ProfitalzTrading
by profitalztrading
24
CADCHF// UpdateIn my previous analysis, I suggested that the selling opportunity at the trendline and area of resistance may have been to good to be true and we'd have a possible break out. Currently, the market has broken out of the trend and is about to retest the area, which is also the midline of the overextended W that formed. I will be looking for longs on this retest with a target at the next area of resistance a little above my -0.618 zone. An example of what Im looking for is drawn in the bottom right. Previous analysis linked below.
Long
by N0ST0PL0SS
2
EURUSD Bullish ForecastThis pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside. While looking at DXY, we have the exact opposite, where we have a Bearish Structure currently consolidating for further downside. Some confluences to support this idea: Inverted Head & Shoulders pattern formed Counter-trend of Daily Bearish Structure with Break & Retest Daily Bullish Wick that should normally be filled Previous COT data shows an increase in longs. New data will need to be reviewed when released. Potential formation of weekly ICI pattern Potential formation of new Daily Bullish Structure The first step in order to validate this idea, will require a clean break above the resistance zone around 1.22. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Long
by AfterlifeTrading
2
Can GBP Bears take out the neckline?This setup is only relevant if we can get that daily close below this neckline. As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of these levels is a coincidence. As above, no daily neckline break, then the setup is not in play.
Short
by TeePeeFX