Price reaction to major S/R /TLs and entering on LTFs | Page 5 | Forex Factory

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Attachments: Price reaction to major S/R /TLs and entering on LTFs
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Price reaction to major S/R /TLs and entering on LTFs

  • #81
  • Mar 23, 2020 8:07pm Mar 23, 2020 8:07pm
GBPTRY..

Something to check on Daily and H4.
However, Iam not comfortable with GBP Pairs nowadays in general.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPTRY Daily.png Size: 53 KB
Click to Enlarge Name: GBPTRY H4.png Size: 54 KB
  • #82
  • Mar 24, 2020 2:28am Mar 24, 2020 2:28am
Quoting mtharwat
GBPTRY.. Something to check on Daily and H4. However, Iam not comfortable with GBP Pairs nowadays in general. {image} {image}
I find it difficult to trade these days.
This Corona stuff is something else.

Nice analysis.
  • #83
  • Mar 24, 2020 8:24am Mar 24, 2020 8:24am
Quoting DON-K
{quote} I find it difficult to trade these days. This Corona stuff is something else. Nice analysis.
yes indeed! It is the craziest thing mankind is encountering for decades. I was thinking to myself that my little children are very unlucky to witness such a thing. They are watching live news for updates.

Thanks for your words.
  • #84
  • Mar 24, 2020 8:28am Mar 24, 2020 8:28am
Quoting mtharwat
XAUUSD. Bouncing from Daily support H1 breakout Waiting for a retest and then make a judgment on overall PA if it happens {image} {image}
I thought I had my an alert for the breakout of the Trend line and the minor S/R, but apparently I did not.
Did anyone catch this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD H1.png Size: 56 KB
  • #85
  • Mar 26, 2020 9:10am Mar 26, 2020 9:10am
GBPJPY
Just went long.
I am bit away from major HTF support...But thought maybe I ride the trend.

Target wise..Maybe the left shoulder to the left in daily chart or any fib levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-03-27 at 1.09.11 am.png Size: 45 KB
Click to Enlarge Name: GBPJPY H4.png Size: 55 KB
Click to Enlarge Name: GBPJPY Daily.png Size: 54 KB
  • #86
  • Mar 28, 2020 3:41am Mar 28, 2020 3:41am
Quoting mtharwat
GBPJPY Just went long. I am bit away from major HTF support...But thought maybe I ride the trend. Target wise..Maybe the left shoulder to the left in daily chart or any fib levels. {image} {image} {image}

Almost there for TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-03-28 at 7.40.18 pm.png Size: 47 KB
  • #87
  • Mar 31, 2020 10:42pm Mar 31, 2020 10:42pm
XTIUSD

The pair broke a previous support in Weekly.
Looking at H4/Daily to see if the pair will continue a bearish trend with a break of the H4 minor Support (and a retest), or would retest the weekly S/R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XTIUSDWeekly.png Size: 11 KB
Click to Enlarge Name: XTIUSDH4.png Size: 11 KB
  • #88
  • Mar 31, 2020 11:52pm Mar 31, 2020 11:52pm
NZDUSD

Pair broke a weekly Support. Watching the pair in H4 for more clues if the pair would continue its bearishness.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD Weekly.png Size: 65 KB
Click to Enlarge Name: NZDUSD H4.png Size: 53 KB
  • #89
  • Edited Apr 6, 2020 4:02am Apr 5, 2020 9:17pm | Edited Apr 6, 2020 4:02am
AUDCAD
Went short

Edit: Exited the trade with a small loss. Price broke the trend line
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD Daily.png Size: 60 KB
Click to Enlarge Name: AUDCAD H2.png Size: 81 KB
Click to Enlarge Name: Screen Shot 2020-04-06 at 12.14.51 pm.png Size: 41 KB
  • #90
  • Apr 15, 2020 1:22am Apr 15, 2020 1:22am
AUDNZD

Iam checking this daily breakout and would consider buying after a retest. There are some unemployment report news tomorrow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD Weekly.png Size: 64 KB
Click to Enlarge Name: AUDNZD Daily.png Size: 62 KB
  • #91
  • Apr 15, 2020 1:32am Apr 15, 2020 1:32am
I entered long in EURNZD

A bounce off weekly S/R and small breakout formation in H4. Was good for placing my stop loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD Weekly.png Size: 66 KB
Click to Enlarge Name: Screen Shot 2020-04-15 at 4.33.37 pm.png Size: 45 KB
  • #92
  • May 3, 2020 4:34am May 3, 2020 4:34am
EURUSD

EURUSD may bounce down temporarily from Resistance

EURUSD just hit its daily Resistance. In H1 TF we have a sloping up the channel with bearish divergence on TRIX 5,8. If we break the channel down and retest the bearish channel , then we may make use of any potential bearish momentum and short the pair.

If the price action on H1/H2 develops in the future to show a bearish sign, we may enter with a couple of positions and take partial profits.

In this analysis, if we get a bearish signal, it will be temporary and we will be shorting for intraday or couple of days.

If we do not break the channel down and retest it as described then the bearish bias will be negated and we may look for bullish bias according to what PA will dictate.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Daily.png Size: 54 KB
Click to Enlarge Name: EURUSD H1.png Size: 70 KB
  • #93
  • May 4, 2020 11:44am May 4, 2020 11:44am
CADCHF
CADCHF bounced from a small Daily/H4 support and made a small breakout in H1.
Targets can be set according to Price Action or FIB levels.
Partial take profits and trailing stop losses are important to secure gains.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHF H1.png Size: 74 KB
Click to Enlarge Name: Screen Shot 2020-05-05 at 2.43.48 am.png Size: 27 KB
  • #94
  • May 5, 2020 3:14am May 5, 2020 3:14am
CADJPY

CADJPY is bouncing from H4/Daily support and may resume its bullish momentum. In M15, we see a price structure that, if broken and retested, may lead to more bullishness in the short term.

CADJPY has to break this Resistance on M15/H1 first and preferably retest it before going long.

Targets can be assigned based on how PA develops or according to H4 fibs from the previous swing high to swing low at support.

Partial take profits and trailing stops are recommended to secure gains.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY H4.png Size: 41 KB
Click to Enlarge Name: CADJPY M15.png Size: 42 KB
  • #95
  • May 7, 2020 4:57am May 7, 2020 4:57am
AUDCHF may test previous daily high

I already entered but price may retest or get closer to H2/H1 S/R for a better price.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHF Daily.png Size: 47 KB
Click to Enlarge Name: Screen Shot 2020-05-07 at 7.56.16 pm.png Size: 14 KB
  • #96
  • May 12, 2020 6:48am May 12, 2020 6:48am
NZDCHF
entered at a bounce of H4/H1 TL and a breakout of a small H1/H4 range.
H1 chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-05-12 at 9.46.47 pm.png Size: 53 KB
  • #97
  • May 13, 2020 1:39pm May 13, 2020 1:39pm
CHFJPY was bouncing off from a falling TL in Daily TF. I entered based on the break of a minor TL in H1 TF.

Attached is a H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-05-14 at 4.37.30 am.png Size: 51 KB
  • #98
  • May 13, 2020 2:10pm May 13, 2020 2:10pm
Quoting mtharwat
NZDCHF entered at a bounce of H4/H1 TL and a breakout of a small H1/H4 range. H1 chart attached. {image}
Edit: Hit Stop Loss
  • #99
  • May 14, 2020 2:34pm May 14, 2020 2:34pm
Quoting mtharwat
CHFJPY was bouncing off from a falling TL in Daily TF. I entered based on the break of a minor TL in H1 TF. Attached is a H4 chart {image}
Price went down in my favor for 120 pips (two positions) but then reversed and I did not act quickly enough. I got out at 50 pips in profit (25 each).

It is forming a cup and a handle in M15. I will see how the price will act.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-05-15 at 5.31.41 am.png Size: 46 KB
Click to Enlarge Name: Screen Shot 2020-05-15 at 5.36.24 am.png Size: 59 KB
  • #100
  • Edited 7:23pm May 14, 2020 7:06pm | Edited 7:23pm
EURNZD is in a bearish channel and has just bounced off from the upper boundary.

attached chart is H4
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-05-15 at 10.22.42 am.png Size: 50 KB
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