Trendfollowing
USDZAR top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: USDZAR is sitting around strong demand in blue and rejecting a green trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: USDZAR is forming a trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to sell.
and until the buy is activated, this one would be overall bearish and can still dive inside the blue zone.
Good luck!
EURUSD - Bullish Continuation HigherSo we finally violated the 1.20 level on EURUSD which allows me to make a prediction that price is likely t go higher. IF we go higher then the next level that may prove to be resistance is from way back in 2018 & ranges from 1.22's to 1.25's Look for a period of relief before the next extension higher, so either a sideways tight consolidation or a retracement into previous structure resistance that may now act as support back at the 1.20 level.
As always feel free to leave me any questions or comments below & of course if you want to share your idea that is great as well as it will help members of this community learn about different ways to look at different charts.
Wishing you guys a great week! - Akil
GBP/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
GBP/JPY: Daytrade-Preparation
Important: Obviously risky due to brexit-talks. If Price closes abpve resisrtance I`ll give it a try as JPY continues to be weak.
Market-Buy: 139,810
Stop-Loss: 139,400
Point-Of-Risk-Reduction: 140,200
Take-Profit: 140,750
Stop-Loss: 41 pips
Risk: 0,5% - 1%
Risk-Reward: 2,26
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. :-)
USD/CAD SELL IDEAHey tradomnaics,
recent pullback gives us a nice chance to short after the clean rejection of the key-resistance and trendline.
Price is also not able to move back above the HVN and PoC of the day which is an evidence of another drop.
A move below the support-line could cause momentum due to bearish confluence.
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. :-)
GBPNZD - Bearish Continuation A few weeks ago we took a look at the EURNZD breaking a rather important level of structure, opening up a massive amount of opportunity to the downside. Now the GBPNZD is following along. With a minimal move down to 1.87's and a larger potential to 1.8350's this is certainly a par that will be on my radar from both a swing & intraday perspective as I look for opportunities to trade it lower.
If you have any questions or comments about this setup, please leave them below & I promise to respond. - Akil
GBPAUD Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPAUD is sitting around strong support in blue so we will be looking for buy setups on lower timeframes.
on H1: GBPAUD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish.
Good luck!
NZDCHF Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NZDCHF is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on M30: NZDCHF formed a valid trendline in red so we are waiting for the last swing to form to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
AUDCAD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDCAD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on H1: AUDCAD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
GBPCHF Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPCHF is sitting around a strong resistance/supply in blue so we will be looking for sell setups on lower timeframes.
on H1: GBPCHF formed a valid channel in red.
Trigger: Waiting for a momentum candle close below the gray area / neckline to sell.
NB: Until the sell is activated, this one would be overall bullish .
Good luck!
GBPCAD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPCAD is sitting around a strong resistance/supply in blue so we will be looking for sell setups on lower timeframes.
on H1: GBPCAD formed a valid trendline in red.
Trigger: Waiting for a momentum candle close below the gray area / neckline to sell.
NB: Until the sell is activated, this one would be overall bullish .
Good luck!
EURJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURJPY is sitting around a strong resistance/supply in blue so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a descending triangle and head and shoulders pattern.
Trigger: Waiting for a momentum candle close below the gray area / neckline to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!