Potential H&S SetupAUDJPY slowly making its way to complete H&S pattern, and retest the current descending trendline. Might be a good short entry assuming that support area holds and we see a bounce from it!
Retest-structure
Pullback Trade | Parallel ChannelGBPJPY finds itself trending within a descending parallel channel. The pair experienced a slight rejection recently off the previous support. If the rejection gets confirmed and we see a solid bounce upwards, I will be looking to enter shorts on the 0.5 fib retracement and also the LL of the higher descending trendline.
Trendline Retest | Short SetupWe managed to successfully break below the hourly ascending trendline. Following the breakout, we will be looking to enter shorts on a 0.618 fib retracement pullback to retest the broken structure.
Possible Long On Euro DollarHello traders! I know it’s been a while. As traders we can use a break from the market to rest and reset our mind. We are looking at a nice uptrend as the bulls have been in control over the last week. We see a break of resistance price structure as we may see a retest for a bullish reaction. Please monitor price action near this area for signs of continuation. This is not a signal. Trade smart don’t gamble.
-Rum
H&S Short SetupAfter breaking out of the ascending trendline, we are now retesting it on the H&S pattern and previous resistance highlighted in green. Furthermore, the 0.618 fib level has also shown it's presence there providing us with a solid zone of confluence to potentially open a short position from.
GBP/USD Trade Setup Shared Yesterday Is Now +115 PIPS! 0 Reverse+115 pips 0 reversal trade .. i shared this with you guys yesterday and it was a perfect trade setup
another entery:
@ 1.25660 as it is a very strong supp that turned into res
GOOD LUCK!
CADJPY SELL IDEA CADJPY looking bearish on the 15m chart.
Possible intraday trade setup at retest of consolidation structure. RR of 4.11!!!
Like this idea if you agree!
Remember to always trade responsibly and with appropriate risk management.
Happy trading and happy Wednesday!
USDCHF Looking for a PullbackAfter the long consolidation period within the symmetrical triangle, USDCHF finally decided to break below and we will be looking to retest the ascending trendline. Looking for a pullback on the 0.618 Fib level in correspondence to the previous support now acting as resistance. The three TA elements outlined together create this zone of confluence in which we could consider opening a short swing trading position.
This is NOT a financial advice, trade at your own risk!
Trend Breakout | Pullback & Retest ExpectedAfter successfully managing to breakout of our descending channel, we will now be looking to retest the trendline on the 0.618 fib retracement area, to potentially open our long positions.
USDJPY bearish structure confirmed USDJPY is bearish.
Sell stops placed at retest of 1H zone.
Remember to trade responsibly and with appropriate risk management.
Please drop a like if you agree with this setup!
Happy Friday and happy trading!
Trading within Channel | Long & Short SetupsGold currently finds itself trending within a respectable descending parallel channel. We could experience a price bounce from the approachable support area outlined in green - forming another LL on the lower descending trendline. This could potentially result in a long opportunity, which could go up until the previous resistance line in correspondence to the higher descending trendline of the channel. If this happens to be the case, the 0.618 Fib retracement area (outlining perfectly in confluence with the resistance and the higher trendline roof) could result in presenting itself with a short opportunity - ultimately allowing the descending channel to continue in its trend downwards until a breakout!
This is NOT a financial advice, trade at your own risk!
AUDUSD - Break and retest strategyHello everyone!
I will keep it compact as always:
1. MA 8 crossed MA 50
2. Support broken
3. retesting support that became resistance (fib golden zone)
4. If it cannot break above you know that it is a downtrend
5. enough confirmations
Simple break and retest strategy
I hope you like it!
Trendline Retest | Long SetupUSDCHF coming closer to our preferred entry level at the ascending trendline, also corresponding perfectly with our 0.618 Fib retracement level. I'm hoping to see the trendline hold and bounce, otherwise my nullish sentiment will be changed completely if it doesn't.
GBPUSD short, retest of keylevel resistance. 1.618 fib extenstioGBPUSD has formed a double top for the last few weeks, which is a bearish sign.
A weakness of the Bullish trend.
It broke the 1.2200 Support Area and bounced off around the 1.2100 area.
Currently, the cable/GU will retest the 1.2200 as a resistance, and might break it as well as the bearish trendline.
If it breaks both the trendline and the resistance, Idea is scrapped. And out of the trade.
For now I'm gonna look for short in GU and wait for more candle confirmation and rejection at the resistance, such as a bearish engulfing candle.
And a probable Take profit area is around 1.1900 which also is the 1.618 fibonacci extension.
GBP/CADLooking for a retest of the channel it broke out, tot hen push down to previous support which lines up with the -127.2 Fib
Pullback Short SetupCADCHF retracing back towards our respectable trendline, which also corresponds well with our 0.618 fib level, as well as the previous resistance area.
Pullback Short SetupEURJPY currently finds itself retracing back towards our respectable descending trendline. I'm hoping to see the price retest our 0.618 fib level, which is also sitting at a previous resistance level, and head on downwards from there!
GBP/USD!Looking for a pull back to retest last months low as it broke. Price may push up higher into the 1.22 or a bit deeper and retest TL
GOLD: Eliot wave analysis on triangle pattern & retest strategyGOLD: Eliot wave analysis on triangle pattern & retest strategy
Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers intention...)
SHORT-term analysis (1H time-frame) : GOLD seems to be ranging in the area of 1693 and 1698 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT)
First Target: 1710 , once this résistance is broke the next level is 1720.
GOLD long breakout: retesting the local triangle (Short-term)GOLD /USD Long position after confluence, Triangle breakoutPullback:
retesting the local triangle upside: Short-term analysis
- GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%)
As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
EUR/USD Long position: confluence rejection after a retestEUR/USD Long position:
after rebounding on the weekly gravitational-trend and a very strong support.
It is clear that EUR/USD will start bouncing again at the top highs after a big accumulation that comes across a very sensitive strong support and a confluence rejection after retesting the gravity-trend of the triangle patterns.
