Get started

Pullbacktrade

GBPUSD - Pullback Trade After Head & Shoulders BreakA few weeks ago we took a look at a head and shoulders top forming on the $GBPUSD...and then the market did nothing. (Chart attached below) This week, after finally getting some downward movement, we revised the idea looking for a pullback trade & a potential continuation to the downside. *Also of note - for those of you on the platform who attended the QA this morning, this is a perfect example of having a 2/3 - 3 Bar reversal (although not on the daily). For a video walkthrough of this trading idea please check out my Youtube video titled "LEARN TO TRADE- Pullbacks, Patterns & Breakouts" around the 1 minute mark. As always good luck in the markets this week traders. and STAY SAFE Akil
Short
by Akil_Stokes
How a RETEST works - with Trade IDEA - Pullback explained(Note for professional Traders: If you have some experience on this strategy or if you feel like something is missing, please comment, so everyone can benefit from it :) Thanks in advance!) Hi Traders! Have you ever been in this situation: The market is clearly in an Uptrend. Big, Green Candles moving up. Making higher highs and lows. Breaking all the major Resistance. Because of all of this, you hit BUY. Now... The market makes a 180° U-turn. You see your trade is losing. The Big green candles are now red candles. Falling towards the Support. Let's move on... You think, the Up-Trend is over now. You now see some red candles in the chart. You think the trend has changed. You want to be the one how rides the huge Down-Trend. You hit SELL. OK... The market uses this Support and is Continuing the Up-Trend! Ouch :( So, in this idea you'll discover what those so called "Retests" are. Ask yourself: When does a Retest occur? If you think correctly, you might have a picture of a breakout in your head. This Breakout can be anything: Support and Resistance Trendline Fibonacci Levels Parallel Channel SMA 20, 50, 200 ... EMA or other trending indicators etc. think of anything After the Breakout the Retest can occur at any time. NOTE: A Retest does not occur on every Breakout! The market occasionally breaks out without a Retest. Here we listed some "sorts" of the Retest: The "classic" Retest This is the kind of Retest which you can find in every trading book. Let's get an example: The market just broke out from major Resistance. Since there is price action in the movement, the price even moves a few pips further. It suddenly stopped, made a 180° U-turn and it makes a Pullback. It tested the previous Resistance (now it is a Support) and continues higher. What you can use to predict the Retest is over: - use the 20MA In a strong Trend the 20MA is often the key level many traders are watching. So if you notice that the market and the 20MA are far away from each other, than wait for a Retest. If both are touching each other, the market often continues higher. - use false breakouts If you notice that the Support gets broken and fastly comes back, this is a sign that bullish power exists. Buy the False Break. - use other indicators It is also possible to trade it with Bollinger Bands or Parabolic SAR... The long Retest As you can see in the third example of the chart, the market broke out and immediatly retests the trendline. Then it moved very long on the other side of the trendline and finally moves further. If you zoom in, you can notice a little Trendline which gets broken. This could serve as an Entry Trigger. Watch out for other sorts These Retests can - as every pattern in trading - come up in every kind. You have to watch it yourself! In the chart of USDCAD we highlighted three (potentially four) Examples of the Retest. We hope that we helped you with this idea. Please like, follow and comment! Thanks and successful Trading :)!
Education
by swissmoneymakers
3
SPX500 SELL SIGNAL Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. SPX500 (US500): Daytrade-Execution Market-Sell-Order: 2899,00 Stop-Loss: 2926,00 Target 1: 2868,00 Target 2: 2850,00 Target 3: 2820,00 Stop-Loss: 27 pips Risk: 1% Risk-Reward: 3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
OANDA:SPX500USDShort
by Trading2ez
4
SAUDI ARABIA WEATHER = LARGE & NARROW RANGE -$TASI- 3OMN - IDEAThanks for your like! Please also share to benefit the most! Much appreciated! _______________________________________________________________ The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately. Now in a narrow range, we can see that it is framed by a wider range still legit. Zone 1 and zone 3 are the next possible moves . Lines will be broken probably by a large candlestick or a large gape. In fact, we have seen the market jumping from one range to another just by using "impulsive gapes". This market doesn't offer much data , the study of the candlesticks reveals that actual support has been tested several times but not been broken. If the market goes beyond, this will possibly be a smart entry point for long fall. In the other side , the actual resistance (narrow range) seems to be less strong and possibility of seeing it broken are also likely as it is a very weak point. This will go in the sense of a consolidation of the price.
TADAWUL:TASI
by Diallo_Charts_Ideas
WAIT PULLBACK ON RESISTANCE - 6J1! JAPANESE YEN TRAPPED IN RANGEThank you for your likes! Really appreciated! Thank you to share with everyone in the community. ___________________________________________________________________________ The market is trapped in a range . Wait for a break of the support/resistance. The resistance has been tested several times . this has increased the probability of seeing a pullback happening again at that price level. Solution: - Wait for pullback on resistance or break of support before entry. -If you are already in, take your profits when possible and wait strong signal to enter again.
CME:6J1!
by Diallo_Charts_Ideas
EURJPY - PULLBACK TRADE TO RETEST PREVIOUS LOWSThe 1st pair that week looked at in this week's video was the EURJPY. From a longer-term perspective, I haven't had too much interest in this pair all year. However, from an intraday view it has given us a lot of good advanced pattern formations during the consolidation. Recently this pair broke out to the downside & ended it's run by violating a previous level of structure support on the Daily/Weekly causing me to make a prediction for a bearish continuation trade. With that being said (look left structure leaves clues) there's another previous level of consolidation lurking so I'm not to sold on an extension. With that being said what I'm looking for is a conservative way to involve myself in a pullback trade (looking for shorts) and looking to get initial targets off at a retest of our recent lows just incase this turns out to be a double bottom hold & not a continuation of the recent downward trend. For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 1:40 mark I hope you have a great trading week! Stay Safe! Your Trading Coach - Akil
Short
by Akil_Stokes
2
GOLD SELL SIGNAL Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Notice that we`ll get to see the NFP`s today which make this trade even more risky! Market Sell: 1719,00 Stop-Loss: 1728,20 Target 1: 1712,60 Target 2: 1702,70 Target 3: 1696,35 Stop-Loss: 900 pips Risk: 1% Risk-Reward: 2,43 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
OANDA:XAUUSDShort
by Trading2ez
2
RANGE BROKEN - BEARISH - TOYOTA MOTOR CORP - 30MN - MY IDEASAfter a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps the market to revert the trend otherwise there is a high probability for the market to keep decreasing even if the slope have flatten a bit.
TSE:7203Short
by Diallo_Charts_Ideas
Bullish on the US Dollar FutureWe can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance. We have two clear reasons to see that the possibilities for the market going bullish increasing significantly : -The formation of the candlesticks on the support line, taping the line to rebound . -Combined with the strong volume bigger than all of the other ones before. Go bullish for the moment, we are in the middle of the range. Take decision after new analysis when the resistance is reached. Possibilities: -Pullback down again (Stay in the range) -Strong break but return into the same range (To get rid of all buyers) -Strong break with volumes and the formation of the right candle stick afterwards for a new long entry. - Beware of the support line which still stays another possibility if it keeps ranging Timing: - If already in the market in the long direction exit at the top blue line or the next red candlestick. - Strong probability to see the top level reached: beginning of next week.
ICEUS:DX1!Long
by Diallo_Charts_Ideas
Running back of the ZN1! Waiting for pullback or breakThe market was going down for a while now, with few pullbacks on the supporting blue line . When volumes increased we noticed a strong break of the support . A powerful move not giving anymore room for a short entry. Market gave us a signal of return to the support line which is now a resistance line. Line that have seen some past pullbacks, therefore, we look at possibility of pullback or a break of that line for a change of market trend.
CBOT:ZN1!Long
by Diallo_Charts_Ideas
SPX500 SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Waiting for break below purple line (Support). Market Sell-Order: 2886,00 Stop-Loss: 2904,00 Target 1: 2885,50 Target 2: 2853,50 Target 3: 2842,00 Stop-Loss: 18 pips Risk: 1% Risk-Reward: 2,65 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USDShort
by Trading2ez
2
AUD/CHF SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market Sell-Order: 0,62625 Stop-Loss: 0,63525 Target 1: 0,61670 Target 2: 0,60830 Target 3: 0,60150 Stop-Loss: 90 pips Risk: 1% -2% Risk-Reward: 2,84 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
USOIL 3MIN ScalpGoto 3MIN chart and view this idea, ..I cant post min chart here *Target,stoploss,entry mentioned above *Concervative wait for the reversal in 1 MIN *Strictly maintain stoploss *Feel Free To Ask Your Doubts *Please Consider To Like *Follow Me to get regurlar updates *Show me your support and thoughts in Likes and comments...It Would Be Awesome *Good Luck Disclaimer *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
TVC:USOILLong
by TradingCalls2000