TheSupportResistanceTrader

TheSupportResistanceTrader

Just shorted the EURJPY on the 4hr chart from the green supply zone due to multiple confluences both on the higher as well as the lower timeframe. Looking to take a 3,5:1 on this one. Good luck! TheSupportResistanceTrader

TheSupportResistanceTrader Updated 

Just shorted the EURUSD on the 30min chart from the green thick line due to multiple confluences both on the higher as well as the lower timeframe. Looking to take a 2:1 on this one. Good luck!

TheSupportResistanceTrader Updated 

Quick counter-trend setup on the EURUSD due to the formation of a 60-min demand area inside of a daily demand area (gray). The latest leg down on the 60 min has already eaten some of the buy orders of the gray demand area but I believe there are quite some orders left. Hopefully this can produce us a 1:1 Risk:Reward winner. Entry where indicated on the chart (the...

TheSupportResistanceTrader Updated 

Shorting USDCHF from the yellow area as that is a supply area on the short (15min) timeframe, as well as the long (4hr, gray area). These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart. Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while....

TheSupportResistanceTrader

Shorting AUDUSD from the yellow area as that is a supply area on the short (30min) timeframe, as well as the long (12hr, gray area). These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart. Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while....

TheSupportResistanceTrader Updated 

On the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias. On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better...

TheSupportResistanceTrader Updated 

USDCHF is moving up between higher timeframe supply and demand zones, far from overbought levels. It is also in a 4hr uptrend which leaves us with a bullish bias. We are currently moving out of a 4hr demand area which has previously shown big strength, breaking the top on 9/5-2018. Due to the new week, I wanted to wait for a couple of hours for the market to...

TheSupportResistanceTrader Updated 

NZDUSD is still far from any big buy orders (gray area on lower chart) and the short term trend (4hr) is distinctly down. Therefore we have a short bias. We are coming up into a supply area (yellow on 4hr chart) that we didn't quite reach last weak but are probably gonna hit today or tomorrow. Looking very good and with a risk to reward ratio of 1:1, we only...

TheSupportResistanceTrader Updated 

The newly established 15 minute uptrend and the broken downtrend (red trendline ) indicates that the higher timeframe's (6hr) pink support area is important and that buyers are pushing up from this area. Hopefully we can retrace down to our indicated red area and then continue the upmove, getting a small a 1:1 Risk:Reward winner, as indicated on the chart....

TheSupportResistanceTrader Updated 

GBPJPY has retraced to a 30 minute supply area. The newly established 30 minute downtrend and the broken uptrend (red trendline) indicates that the higher timeframe's (8hr, originally from a 2 day chart) gray supply area is holding and that sellers are pushing down from this area. Hopefully we can get a small bounce for a 1:1 Risk:Reward, as indicated on the...

TheSupportResistanceTrader Updated 

Bullish BAT on USDCAD

TheSupportResistanceTrader Updated 

Bearish Advanced Gartley on EURUSD

TheSupportResistanceTrader Updated 

Quick short on the USDJPY due to wolfe wave and ABCD pattern. Good Luck!

TheSupportResistanceTrader

Shorting due to a Wolfe Wave from the green zone. Confluence is the ABCD pattern and RSI divergence.

TheSupportResistanceTrader Updated 

Longing USDCAD with an order at the green zone due to the nice Wolfe Wave setting up. Stoploss and tp are shown on the chart. The confluence for this trade is the ABCD pattern as well as support on the 4hr timeframe. Good Luck!

TheSupportResistanceTrader Updated 

Longing GBPAUD if this Wolfe Wave pattern completes. Confluence is the ABCD pattern and possible divergence. Profit will most likely be taken early as the RR is very big. Good luck guys!

TheSupportResistanceTrader Updated 

Possibly shorting USOIL from the small green zone due to this very good looking Wolfe Wave. Confluence is an ABCD pattern and S/R zone on the higher timeframes. Stoploss and profit is on the chart, good luck!

TheSupportResistanceTrader Updated 

Longing CADJPY due to the marked Wolfe Wave pattern. Confluence is the ABCD pattern, support on the 4hr timeframe and oversold RSI. Good luck guys!