NZDCAD H1 - Long Trade SetupNZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.
Pips
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Corrections seen after the big rally and upside break yesterday, eastern session has pretty much been purely corrective moves, coming back into the EUR/LON open, we may be able to expect bullish continuations, may hear a little more on Brexit progress today before the weekend.
NZDUSD H4 - Long SetupNZDUSD H4 - Hugely bullish bias at the moment as these eastern pairs (A/N) keep inching higher and taking advantage of the soft USD at the moment, no doubt a correction will be due for the USD and we could see a retest of this broken zone.
EURAUD H1 - Long SetupEURAUD H1 - Failed to set highs after the eastern breakout. coming back down to retest 1.61 support again, looking to find support here for potential buy opportunities again.
LONG THE EARLY BIRDCLASSIC TEXTBOOK TRADE... BREAK AND RETEST. WEAK VS STRONG. ONLY RISK 1% PERCENTAGE. TRADE AT YOUR OWN, MAKE SURE ITS IN CONFLUENCE WITH WHAT YOU AGREE ON. GOOD LUCK. CHECK OUT PREVIOUS AUDUSD WE MANAGED TO BANK 85 PIPS WITH 1:3 RR.
LONG THE EARLY BIRDWE SPOTTED A GOOD OPPORTUNITY ON THIS, BUT EVEN A GOOD OPPORTUNITY CAN FAIL.. SO FAR ACCORDING TO MY DETAILED TECHNICAL ANALYSIS WE LOOKING AT A GOOD RR CATCHING EARLY TRADES IS WHAT I SEEK FOR. RULES ARE BREAK EVEN AND OR TAKE PARTIAL PROFIT WHEN MARKET CREATES A NEW HIGH. FOLLOW YOUR ENTRY RULES NOTHING LESS. AND TIP FOR THE WEEK, WHAT EVER INDICATOR YOU USE FOR ENTRY WAIT UNTIL IT TELLS YOU, YOUR FIT FOR THE DIRECTION AT YOUR ENTRY TIME FRAME IN MY CASE 4H, 1H , FURTHERMORE, IF YOUR ENTRY IS BASED ON BREAK OF PREVIOUS HIGH MAKE SURE YOU APPLY BREAK EVEN ONCE PRICE IS ABOUT 20 OR MORE PIPS IN FRONT.
PLEASE KEEP IN MIND THIS IS BASED ON TECHNICAL ONLY, WHICH ISN'T THE ONLY FACTOR TO MOVE A MARKET, DON'T TAKE THE TRADE BLINDLY, MAKE SURE ITS IN CONFLUENCE WITH YOUR OWN IDEAS. ENTER AT YOUR OWN RISK. HOWEVER I WILL NOTIFY YOU WHEN I HAVE ENTERED IF MY CHECKLIST DEMANDS ARE MET, MY ONLY ADVICE IS RISK 1% PER TRADE OF YOUR ACCOUNT. GOOD LUCK
PLEASE FEEL FREE TO ASK ME ANY QUESTION PRIVATELY, ILL ANSWER AND ASSIST AS SOON AS I CAN.
"GROWING A BIG BALANCE IN FOREX IS DEFINITELY HARD AND MOST FAIL, BUT IF YOU KEEP OVER RISKING IT WONT HAPPEN IN A DAY EITHER. ALWAYS KEEP IN MIND THE 3 PILLARS TO SUCCEED IN FOREX IN THIS ORDER ARE 1. PHYSIOLOGY (HARDEST) - 2. RISK MANAGEMENT (MODERATE) - 3. TECHNICAL (EASIEST)"
Expecting a huge gap on Monday? GBPUSD AnalysisGBPUSD 4H Chart
Brexit talks have been extended which could potentially serve as a pillow for sterling.
Position: Long
Take Profit: 1.3310
Stop Loss: 1.3110
Get on the board next GBP/NZD station is "Falling":(Part 4).Market is moving bearish 4H/1H.(Daily too)
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and NZD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
IF you guys have any questions do comment.
Get on the board next GBP/CAD station is "Crash":(Part 3).Market is moving bearish 4H/1H.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.
Get on the board next GBP/USD station is "South":(Part 2).Market Were Ranging for a while but now have broken structure on 4H/1H.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.33157 or 1.33350, then back to 1.31860.
3:Market resting the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for brearish strucutre on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and USD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also shoiwng strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a trading signal, the purpose of this analysis is for education only, trade at your own risk.
Do comment if you have any questions.
NZDCAD H4 - Long Trade UpdateNZDCAD H4 - Neckline broken with a minor retest, it 0,90800 is corrective exhaustion, anything above should indicate a potential bull reversal and we could see pressure on 0.91500, one step at a time though.
EURCHF H4 - Long SetupEURCHF D1 - Massive S/R range here offering a 10R setup from support to resistance, initial support at 1.07900 broke following an extremely bearish start to the week (D1 chart). Looking to scout out buying opportunities as we approach that 1.07200 support zone, market relief area, huge R potential. Although not as many confluences as I would like, I think the R potential outweighs this too. Lets see what happens as we approach.
USDJPY short4hour creation of lower highs
play catch the micro breakout can potential see a fake out and price retest previous structure for liquidity reach.
USDJPY LONG
I do this analysis with caution since I have my doubts about it , but what I see most likely is a rise to the resistance of the triangle and from there see what can happen FX:USDJPY
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Rejected 1.35 as expected yesterday, hopefully we pull down enough to hit 1.34 support, find support and then we can look to scout out rejections and potential bid opportunity, NFP and USD data later, so this may completely thrown things all of the place, once the dust settles we can see where we are and re-evaluate.
XRPUSD triangle formation 1HXRP is trapped in a triangle where it is set to either break it up and visit levels last seen in 2017 or retrace back and rest on the lows.
GBPJPY H4 - Long Trade SetupGBPJPY H4 - A little tidy up on the GBPJPY analysis, broken highs and coming to retest the broken resistance (now support) zone. We have a nice hourly trend too which isn't marked but visible with the higher lows and higher highs.
USDWTI H4 - Long Trade SetupUSDWTI H4 - Video analysis with this one aswell, just looking and waiting patiently to see a retest of $43.50 a barrel, it's been a while since we broke this resistance price and we are just in bearish consolidation waiting to see if we can hit that big S/R retest number again. Yesterday we saw a stint downside to set a fresh low, so one more wave of consolidation could see us hit the zone we have our eyes on.
