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Highreward

USDCAD - Strong Trend Continuation - Trendline Bounce & BreakHi Traders! The market is in a Downtrend. As always, let's look at the Daily Timeframe first: So, we can see the market is strongly respecting the Daily Trendline. We can identify the Trending Moves and the Consolidation Stages. Pay attention to that the market is now near the Trendline again. Now we switch to the main (H4) Timeframe. The market is falling down after the consolidation. It has fallen until the next Support and bounced off fastly. Now it is in a Retracement move of the overall Trend. It is here in a potential Channel (still need an upper touch to finally confirm it). The Trading Idea is: Sell the bearish Breakout of the Channel / lower Trendline! Here are some additional confirmations: Market in an overall Downtrend Market at Daily Trendline 200 Exponential Moving Average showing bearish Power We recommend to trade the Breakout with a confirmation. Thanks and successful Trading :)!
Short
by swissmoneymakers
Multi-year Resistance BrokenThe multi-year resistance level we have been discussing in this market in recent times has now been broken with price making a solid move higher. There looks to be a large amount of space for price to move higher into, so the resistance level price has just broken out of looks to be crucial. If this old resistance can hold as a new support price flip level it could be the key for price making a new leg higher. It could also be a solid level to watch for bullish price action clues. Thanks for your like and support
FX:XAUUSDLong
by TaherJalili
Possible Retest & Long Position - GBPCHF - 7.68% R:R Hi All! Hope you're keeping well and having a great weekend! Just wanted to share a personal analysis I've made on GBPCHF! Please feel free to comment below any questions you may have! With GBPCHF, I would personally like to see some movement to the downside towards the marked 4hr structure, to retest it as a support for price then to move back and follow the price trend to the upside. As you may not know, the Bank of England has a speech tomorrow which will greatly affect the pound - if the speech is 'hawkish' then we could see some strength for GBP which will support this long position. You may notice that the fib retracement isn't on the highest wick, which is something I've personally done because I feel that maybe the last two candles on Friday could be very sketchy to work off, especially towards the market close. By doing this though it's lining up perfectly with the structure, and would be nice to get a long from that position. We're also above the 40EMA which I personally work with on minor pairs which will support this - also this could count towards a touch on the ascending trendline (subjective) which could also show support. I have chosen to have my stoploss at 20pips + 3pips for spreads, and I will be risking 1% of my capital for this trade. Confluences: Trendline Structure 40EMA Fib Retracement Conformation "Pending" 😉 Obviously please do your own analysis, so please don't take this as gospel and please ensure that you use the correct risk management for this trade. Let me know your guys thoughts! Cheers Daniel Instagram: @DanielJamesFX Twitter: @DanielJamesFX
Long
by danieljamesfx
3
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41. I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short. Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair. Please let me know your guys thoughts! *Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Short
by danieljamesfx
1
XAUUSD => Long trade Setup Great Opportunity !we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌 If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening – => if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view. Check today analysis ___________________________________________________________________________ Before trading our ideas make your own analysis and research properly. Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved. >> I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey… With love, Trading Fleet Team
OANDA:XAUUSDLong
by trading_Fleet
2
USDCAD - HIGH REWARD Trading Idea - EASY Breakout SetupHi Traders! The market is in a downtrend. As you can see the market is in a descending triangle. That means, that the market is making lower highs, but no lower lows. The effect of this pattern is this: The sellers keep selling at the trendline. The buyers are buying at the support, but they're making lower and lower profit. What does that mean? There aren't any buyers left who can push the price higher. The SL of the buyers are directly under the support. CONCLUSION : If the Breakout occurs: - The Sellers will sell because of the trendline - The SL of the Buyers will hit and that'll push the price lower - The Breakout traders are getting in Never forget: The more squeezed the market is, the more explosive the breakout will be. Thanks and good luck :)!
Short
by swissmoneymakers
12
EUR/JPY hammer on a dynamic and static support levelAs we can see from the chart above, the cross is right on a short-term dynamic support (trendline), which has been touched with a very sharp move. Moreover, this dynamic support coincides with a static support level (around 121.22), adding confluence to the analysis. However, before entering the trade, I'm waiting for a confirmation, which I expect to appear on lower time-frames. Nonetheless, uncertainty remains high in the markets, as Christine Lagarde takes the place of Mario Draghi as head of the ECB, because of her background as a lawyer and not as an economist, but this is not her first expirience in the field of economics. In fact, she has previously served as Managing Director and Chairman of the Internetional Monetary Fund since 2011. However, she won't take charge before November, 1st. Therefore, if I were to open a long position on this cross, I would either close it before the 25th of July (ECB interest rates decision), or move the stop loss (more on these details in a minute) to break even; while data on inflation in the Euro zone are to be released on Wednesday (Previous: 1.2% - Forecast: 1.2%). Moving to more technical stuff, if confirmation was to be seen, I would open a long position with a target 123.35, and a stop loss of 120.83, with a Risk/Reward of 1:5.3. But there's another level of concern a bit under the target, the resistance zone of 122.4, which should be taken into account in case of a rally.
Long
by UnknownUnicorn3701608