Tradesman1996

Tradesman1996

After strongly rejecting 1.21700 level with a triple top formation, we could see EURUSD turning bearish, especially after the dollar showing great recovery yesterday with good CPI numbers. Should EURUSD reject the 1.2115 level drawn in, we could see a continued push to the downside to close the week off bearish. Happy trading and always practice risk management!

Tradesman1996

NZDCAD is showing great bullish pressure. Should the 1 hourly close above the 0.90000 level, we will await retest entries for buys up to around 0.91000. This will provide us an RR of around 4.8 - Excellent! Happy trading and manage risk at all times!

Tradesman1996

AUDUSD showing great bullish structure as we enter into February 2021. The pair has already turned at 61.8% retracement level and we expect it to continue upwards. Should the pair close above 0.77000, we expect continued bull dominance to complete the flag pattern to December highs. Good luck and happy trading!!!

Tradesman1996

Inverted head and shoulders pattern formed on the 4H timeframe, signalling a potential trend shift to the upside. Should we get 4H candle closes above the support/resistance level, buys will be considered. Good luck and happy trading!!!

Tradesman1996

4H candle rejection of previous support, now playing out as a good resistance level. Stops placed above 4h rejection pinbar. Practice good risk management and happy trading!!!

Tradesman1996

Triple support found above the previous monthly high (orange horizontal lines). This area double as a 4H demand zone. Like if you see it!

Tradesman1996

USDJPY is bearish. Sells available at retest with good RR! Sells will only be taken once we see clear candle confirmation of continued bearish pressure from the minor level. Remember to trade responsibly and with appropriate risk management! Like if you agree with this setup! Happy Thursday and happy trading!!!

Tradesman1996

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!

Tradesman1996

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!

Tradesman1996

We will be looking for sell continuations on upon 1h candle confirmation at the 61.8% retracement level, which is doubling at the previous supply zone area. Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR. On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish...

Tradesman1996

We find GBPUSD in a 4 hourly bearish channel. Following an exhaustion to the up side, we will be looking to jump onto sells as we see upward momentum being lost on the 1h timeframe. Sells will be entered upon retest and denial of the 38.2% fib level as shown, where we could see a big push downwards to the 1.22270 price level. We find this to be a high...

Tradesman1996

We see NAS pulling back to a well respected 4 hourly level, and also a zone where we have previously seen am influx of buyers. This current pullback is formation of the 4th wave, before we see the final wave 5 push to the upside, where buys can be entered into. We will be looking for wick entries at the 8455 level as shown, where we could likely see an influx of...

Tradesman1996

Cup and handle formation playing out on USDJPY 4H timeframe, leaning towards continued shorts. Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart. Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits. Always trade cautiously and with...

Tradesman1996

After breaking back up into the consolidation structure, we find a clear HL being formed with a strong indication of upward momentum. SL has been set below the pinbar candle with targets set at the highs previously formed inside the structure. Always trade using appropriate risk management.

Tradesman1996

Following a 4 hourly push down in the form of a falling wedge, we see price breaching the upper trend line of the wedge (as seen on the 1H). Price is also bouncing off a strong daily support, further encouraging buy positions to be taken. Before looking for this trade, we will wait for confirmations of price making a double bottom on the daily level. Trade...

Tradesman1996

Following a strong 4 hourly push down, we see price bouncing off a validated daily support line. Broken down to the 1 Hour chart, we see a break of the downward trend line, also, we see the first HL has been formed, indicating a possible change of trend direction (to the upside). Should price find support above the yellow box (validated on the 1 hour) and we...

Tradesman1996

Price closed below a key daily level while also breaking and closing below a 1 hourly trendline. The new week may blunder this idea, but we'd be looking for sells around this point, especially should price retest this level and form a double confirmation.

Tradesman1996

USDCAD breaking above weekly trendline and retesting consolidation area. Main reason for trade: Fibonacci Golden Zone on the retrace, looking at bullish continuation to the upside.