USDCAD H4 - Long Trade SetupUSDCAD H4 - Failed to set new highs on USDCAD after retesting previous support, previous high price of 1.29100 held, quite the supply area. Back to support I imagine, so eyes peeled on 1.28200 for a potential bounce, we can see a similar thing with DXY, failed to break above resistance highs.
Pips
GBPJPY H4 - Long Trade SetupGBPJPY H4 - Absolutely slammed 200-300 pips downside on most GBP pairs, following each support zone, one zone at a time, not trying to catch the bottom of the move. Personally sitting on the sideline until new year. But same principle and trading system applies. Follow the zones until you can react.
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.
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)"
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.
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.