AUDCHF: Important Breakout & Very Bearish Pattern 🇦🇺🇨🇭
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF.
After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel.
Taking into consideration that the pair is trading in a long term bearish trend,
probabilities are high that the market will drop now.
Goals: 0.577 / 0.567
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Trader
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for an convincing impulse up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag, or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SPXIf we bounce and push back up through a few of these recent lines. There could possibly be a nice short setup around $4275.
You'd want to be paying attention to the bigger picture as it comes ( if ) and have to make that decision if it/ll hold or not.
I'd expect reaction regardless though i could be wrong.
I'll be watching for it .
Disney $Dis #Dis DisneyHere is an even more aggressive and dramatic downward channel idea and still I say we are at least due for a decent bounce. Especially if trading options etc.
Just a tighter trendline down and lower top goal then prior chart given.
I see some BEARS come out and wanted to give and even more Bearish idea and view, but still not ready to focus on SUB $78 support.
We trade the charts until they give us something else to focus on for the trade.
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long, AUD/CAD Long and NZD/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/CAD Long
• If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Example - Im StartingI have no comment to share on my analysis. Only; I have a few rules that I have been following for 9 years and I am being traded according to them. I will try to share all the transactions I opened during the day here. I am ready to teach anyone who is interested. I’ve touched more than 6500 people so far.
Dollar Index (DXY): Important Sign of Strength 💵
It feels like Dollar Index will keep growing next week again.
The price perfectly respected a horizontal intraday demand zone,
forming a high momentum bullish candle and violating a resistance line
of a falling wedge pattern.
Growth will be anticipated to 106.5 / 106.7
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EUR/CAD Long and EUR/USD LongEUR/CAD Long
• If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CADCHF: Overbought Market & Retracement 🇨🇦🇨🇭
CADCHF may retrace from a key horizontal resistance.
The market looks quite overbought on a daily, and as a proof of that,
I have spotted a confirmed breakout of a support line of a rising wedge pattern on an hourly time frame.
The market may drop at least to 0.6805
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EUR/CAD Long and EUR/USD LongEUR/CAD Long
• If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD ShortGBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long, EUR/USD Long, GBP/AUD Short and GBP/NZD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up, it does so in a convincing manner and a tight flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If price simply impulses up, it does so in a convincing manner and a tight flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long and SUGAR/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
SUGAR/USD Short
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USDCHF: Detailed Structure Analysis 🇺🇸🇨🇭
Here is my latest structure analysis for USDCHF.
Resistance 1: 0.910 - 0.915 area
Support 1: 0.899 - 0.902 area
Support 2: 0.893 - 0.895 area
Support 3: 0.886 - 0.888 area
Support 4: 0.874 - 0.878 area
Support 5: 0.869 - 0.873 area
Support 6: 0.855 - 0.858 area
Consider these structures for pullback/breakout trading.
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GBP/AUD Short and GBP/NZD ShortGBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
spySo far, we are holding on the trend line /Base that has been here since this move up began.
I will be watching to see if we break this line to head lower and add to puts etc. So far it has acted as the TP zone from puts already bought and as a short term bounce for some quick plays this morning on calls.
However i think we can go lower to the next one or two blue lines i marked below.
EURUSD: Important Key Levels to Watch 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD.
Horizontal Structures
Support 1: 1.0630 - 1.0635 area
Support 2: 1.0516 - 1.0545 area
Resistance 1: 1.0717 - 1.0737 area
Resistance 2: 1.0755 - 1.0775 area
Vertical Structures
Vertical Support 1: Lower boundary of a falling channel
Vertical Resistance 1: Upper boundary of a falling channel
Consider these structures for pullback/breakout trading.
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