The bears seem to be in-control of price action... we found this setup just now and we're leaving in over night.
There are 3 profit targets, on the 4H price broke a trendline support so im targeting the bottom levels.
We're a day trading community generally, rarely do we leave trades over night but this one looks good for it.
GBPJPY H4 - A little tidy up on the GBPJPY analysis, broken highs and coming to retest the broken resistance (now support) zone. We have a nice hourly trend too which isn't marked but visible with the higher lows and higher highs.
Ok, so I made 2x videos already about this long setup and the upload gets stuck! Not sure if its my internet or a tradingview problem, so I have to resort to a post.
We are long gold /xauusd, we believe money will be leaving BTC and come back to the precious metal, both gold and silvr have strong indications of bulls and we are long since this morning.
We're short on GBP pairs today, we believe there will be a GBP reversal soon, not sure to exactly where but we have strong indications it will drop.
We shared a similar view for a stronger USD yesterday in our discord community for the US session.
The chart is clean, we focus on profits and not beautiful and dirty charts.
Hey all! I hope your weekend was superb, now lets get back to making money!
We are going to execute a EURGBP long in the early Monday market open and the reasons are,
- GBP looks weak vs USD and other pairs (IMO)
- RSI is low and meets our entry cretaria (with the fibs)
- Price is at the 38.2 / 30 support zone and already rejected it ones
- The bearish trend is...
I think that BTCUSD has an excellent chance to continue up from the 18360.0 zone. There are lots of solid indications, here are the ones I see right now on the 1H chart.
Support level and solid rejection candles in this zone
The last 1H candle, created a strong bullish pin bar
RSI is below 30
The 61.8% fib retracement lines up with the supply/demand zone
This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;)
This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level.
RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
We're waiting to go long on USDJPY, yeap! We are expecting a weak, weak YEN!
We are already in a solid profit on XAUUSD long, idea attached to this post. But, lets now focus only on the USDJPY forex pair.
The view is the 4H chart, we have RSI coming in the over sold zone with price strongly heading to the 38.2% fib retracement and its all connected with a...
Ok, so we already took this trade not too long ago... and the profit is decent so far, I will try to make a video about it later and connect it to this trade to help explain why we went long.
The system we use is pretty simple, yet very effective (as our myfxbook shows)
We believe XAUUSD is in a bullish trend at the moment and is trying to push towards its...
USDCHF D1 - Here is the update on USDCHF, the big daily resistance is approaching, we can see where the fundamental spike started, but are we going to exhaust where we would expect? Simple react to what we see unfold. These higher timeframes do a bit more time to unfold (for obvious reasons), but they do provide a bit more protection against false sense of confirmations.
I prefer making videos... but the last 2 videos I tried to upload get stuck at a certain percentage and the upload stops, so... pics it is :)
Im short on XAUUSD, here are the reasons:
Price action strongly rejected this level in recent time and my entry system has ticked when the lower has was made recently (and price couldnt break above my fib resistance...
Levels I'm currently looking at and what id like to see:
- Bullish push to the recent highs then look for evidence to go short.
- Or a break of the current trendline and then a retest of that trendline for a trend continuation to the downside.
- Only looking for shorts (for now) as the higher timeframes are showing bearish price action.
You can have two pending orders, a "Buy Stop" and a "Sell Limit" so either way you can get in on the right side and catch the momentum of the market. Once an order has been triggered then cancel the other. Be cautious of the London/New york crossover sessions.
USDCHF H4 - Quite a clean S/R range with an interim S/R zone where we have seen a 2 stage reversal, we've continued to set new highs, looking for price to see a test of major resistance if these USD risk markets keep pushing up. YEN is still seeing strength and DXY is now trading above that 93.30 zone after retesting effectively as support.