We can see price already reacted to Daily Resistance
Now, we can see a clear breakout on H4, We wait for the price to pullback to the recent breakout and we can place our short order in the key level area
So, we have break out - pullback - entry
Where is the SL Area ? Yes, above the Previous Swing Area (Body to Shadow)
Where is the TP Area ? Yes, around the...
USDCAD already hit Weekly Counter Trendline
We can see price dropped pretty significant 2 Weeks ago (02 Sep '19)
Our bias should be "sell" now , any buying attempt consider invalid
Scale down to Daily Timeframe to find entry point
Analysed by
Rayhan Ramlan Esfa - @rayhanre
Stevano Devon - @stevvon
Adika Anugrah - @wixfor_x
Monthly have below target at 1.73949
Trendline Weekly and channel
If weekly candle close below 1.79092 we predict continuation to monthly target
Daily timeframe have parallel channel and resistance at 1.77940
We identify short level and on H4
SL level based on D1
TP level based on monthly support
Analysed by
Adika Anugrah W
IG : Adikanugrah
Tradingview : RetailerFX
Price now at The Weekly Key Support Area
There's a possibility that price will bounce to 0.68691 area before continue to fall to the Monthly Area
We wait for H4 to have a clear breakout and have our long position on the RBS Area on H4
Potential target is 0.68691
Analysed by :
Adika Anugrah W - @adikanugrah
Stevano Devon - @stevvon
Rayhan Ramlan Esfa - @rayhanre
Weekly down trend taget at 131.531
In Daily time frame we have Channel and Resistance Become Support (RBS)
Risk Reward ratio 1 : 2
Analysed by:
ayhan Ramlan Esfa
Stevano Devon
Adika Anugrah W
Follow us on IG :
@rayhanre
@stevvon
@adikaanugrah
If we looking for reversal, monthly time frame must closed below 1395.91 for reversal confirmation.
D1 Time frame is still trapped in symmetrical triangle pattern (Consolidation).
We looking for further price action on D1 time frame (H4 and H1 should follow D1 movement), and we have set up target.
Analysed by
Adika Anugrah W
IG : Adikanugrah
Tradingview : RetailerFX
It is a very simple break and retest setup based on trendline break.
SL : 41 Pips
TP : 82 Pips
Trade At Your Own Risk
Analysed by :
Adika Anugrah W @adikaanugrah
Stevano Devon @stevvon
Rayhan Ramlan Esfa @rayhanre
Price already reacted to Daily Key Level Area/Daily Resistance
H4 : Price makes new low and form SBR Area
Risk : $200
SL : 75.996
TP : 74.946
Potential Risk to Reward Ratio 1:2
Analysed by
Stevano Devon
IG : @stevvon
As we can see, price break the trendline up, we wait for the price to retest the trendline for short
Risk : $200
Entry Price : 0.69886
SL : 35 Pips
TP : 105 Pips
*) HIGH RISK SETUP
Analysed by
Adika Anugrah W
Stevano Devon
Rayhan Ramlan Esfa
Follow us on IG :
@adikaanugrah
@stevvon
@rayhanre
Monthly roadblock level at 1.30384 and potential retracement at level 1.31237 near bottom on W1 timeframe at 1.31353.
Daily has reached the target on the last peak (double retracement)
SL : 1.31519
TP : 1.30576
Potential risk to reward ratio 1 : 2
Analysed by
Adika Anugrah W
IG : Adikanugrah
EURGBP - Short Opportunity
Weekly : Price hit Trendline down & Price approach Weekly Resistance
Daily : Wait at Resistance Area & Trendline Down
Entry : Entry on H4 SBR
Risk : $200
SL : 0.90789
TP : 0.87789
Potential Risk to Reward Ratio 1:4
*) Red Line : Monthly Key Level
Yellow Line : Weekly Key Level
Green Line : Daily Key Level
There are two potential plan
1) Price will touch Weekly Key Level before go to orange box (0.97000) area as short target
2) Price will make price action structure to short at this current level - Monthly and Daily key Level
Both plans are for short...
