TheTradingBox

TheTradingBox Updated 

Here we can see the GBPEUR has broke through the key support level. It tried to do this before with a false breakout (Highlighted in the circle). Due to this, the false break out created a new low. It looks like the price action has retraced to test that new low. I will now switch to the 15 minute chart to wait for confirmation of a trend reversal. This could...

TheTradingBox Updated 

This is my entry strategy for the previous 4hr analysis that I did on GBPEUR. On the 15 minute chart, we will wait for the price action to break through (Point A). we will then wait for the retrace where it will retest the support as its new resistance (Point B). Then we will enter upon the price break of the low of point A. Happy Trading poeple. - The Trading Box.

TheTradingBox

So after my analysis on AUDGBP earlier, we can see that the price action has return to retest the new support. We now switch to the 15 minute chart for our entry. So on the 15 minute chart, the price action will rise to breakout at point B and will form a higher high (Point C). Then it will retrace to make a high lower and retest the support (At point B Breakout)...

TheTradingBox

This is a key resistance area on the weekly which has been tested. On the 4hr we see a clean breakout long form the previous high (Point A). Now the price action is returning to retest the new support level (Point B). Once this happens we will then revert to the 15 min chart for a entry long. Look at how to enter a trade properly on the 15 min chart on my previous post.

TheTradingBox Updated 

So this is more of a longer term trade but a very profitable one. The GER30 is at a weekly resistance level. It has tried a breakthrough at point A where the price action wasn't strong enough to break through. It then tries again at point B to which it fails and then takes a big dip. It then rises back up to retest the resistance at point C in which it gives a...

TheTradingBox Updated 

When we look at this pair, we can see that it is sitting at a really interesting point. In between the two red lines is a key support/resistance area. NZDGBP has been using this as a resistance. At point A, we can see where it has hit the key level but the price action hasn't been strong enough to push through. After a significant dip, we can see that the price...

TheTradingBox Updated 

Going back to my analysis on the bigger time frame of NZDGBP, we can see the moving to take a closer look on the 15 minute chart, that the price action has made a lower high and a lower low signifying that the price action will or has reversed as it is at a key resistance level. Additionally, we can see that we have divergence on the histogram signifying a loss...

TheTradingBox Updated 

So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached. After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed. Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A)...

TheTradingBox

So we have all seen my analysis on GBPUSD short. We could see on the 4hour chart that the break short happened, then the retrace to which we enter short for the big move short. The question is, how do we enter the trade safely? So when the retrace was approaching the resistance level the key thing to do is to switch to the 15 minute time frame. What we want to...

TheTradingBox

The CADCHF has recently broke the support level on the 4 hourly. When looking at the overall trend, the price action on the bigger timeframes is in the down trend so we're following the trend which is important. Now CADCHF has broken the support level, it's now retracing to test this level as its new resistance. At point B, I would take a short entry. In doing...

TheTradingBox Updated 

NZDUSD broke short at point A bursting through the support. The price action has now come back up to test that previous support as a new resistance level (Point B). Once this breaks back through, this will be a good entry short placing your stop where indicated on the drawing. There will be no take profit on this one but we will keep moving our stop to lock in...

TheTradingBox Updated 

CHFJPY has previously broken through the support it was holding. It has now retraced up to test the previous support as its new resistance. It looks prime for a short entry however, we are still awaiting confirmation on the hourly. Wait for it to break the 116212 price before entering the short trade. Place your stop at the high of 116583 (Unless the price...

TheTradingBox Updated 

GBPUSD has broke through Support at point A creating a lower low indicating a change in the up trend. The price action will use that support as its new resistance so when the price action retraces and hits point B, the probability is high that this will then return to continue the new short trend. This is where a short entry can be utilized. I have placed my stop...

TheTradingBox Updated 

CADJPY has just made a lower low on the 1 hourly. This is at a support level which it is looking to break through. if this happens this will be a nice short entry. Remember that losses on your stop should never be more than 1-2%. Happy trading The Trading Box