ETHUSD 4H 50 sma w/Macd Long TradePrice crossed 50 sma to 100 sma long. Entry was taken from a 15m resistance breakout long. TP is the 100 sma. Macd is heading towards the 0 level line with momentum because the space between the lines is widening.
50sma
EURUSD 4H Retest Previous LowI entered trade on a 15m morning star bearish candle pattern @ 1.1966.
TP @ 1.1825 previous sup/res level.
Macd Blue line is about to cross below 0 level line.
Trade is good while price remains below 50 sma and Macd 0 level line. These can be used as your SL signals.
XAUUSD 4H 50 sma Breakout to Previous HighPrice is moving higher towards the 50 sma. Entry will be on a 15m chart with a Break-Hook-Go above the 4H sma. TP is the previous high @ 1354.14. Macd Blue lime to cross above the Red line & the 0 level line.
ETHUSD 4H Inside Range Box TradesTrade 1
Enter above 50 sma
TP at 100 sma
Trade 2
Enter above 100 sma
TP top of range box @ 394.26
Watch Macd Blue line to cross above 0 level line and stay above it
AUDUSD 4H Back in Range BoxThere maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.
GBPAUD 4H Re-entered Range Box ShortMy first entery was @ 1.6359. While I was making this post my second entry @ 1.6315 was hit. My TP will be the 50 sma. If price continues to fall and crosses below the 100 sma to the bottom of the range, I have another sell stop @ 1.6225 with a TP @ 1.6190.
EURUSD 4 H still hanging by 50 smaThe longer the EUR hangs around the 50 sma the more likely it will be heading toward the 100 sma. So I have these sell stops already in place 1.1910. 1.1875, 1.1857. You can take a 30 pip TP on each or wait until they reach the 100 sma. SL above 1.1960. If the market continues to rise then I have on a second account a buy stop @ 1.2005. TP 30 pips.
$nsc ready for next swing higher!upward sloping channel bouncing strongly off 50 day
breaking out of falling wedge-measured move is $8- potential energy to breakout out resistance area of 125.0x area
looking for minor pullback for a better entry for better r/r
S&P 500 testing strong resistance zoneSPX rallies today and has just now reached a strong daily resistance zone.
The structure that was support and now should act as resistance... and the 50 days MA line will try to prevent SPX from completing the bearish Gartley near 2400
Key Zone - 2360-2365
Notice the Fast MA line (yellow) that can turn to support
AUDUSD Short: 5-0 Pattern, Channel Res, 50DSMA, and Weekly PivotHey Traders! It's been awhile since I've shared an idea, I've been working on automating my trading strategy! AUDUSD is approaching a critical level presenting us with an opportunity to enter a 2-3 week short with a nice R/R. The pattern that caught my eye is the bearish 5-0 which I've had success with in the past for 4H-1D charts. In addition to this, we have resistance from the weekly pivot, 50 day SMA, and a parallel channel confluent at the same level. Short entry is placed at the 5-0 "D" point with target at the 1.272 extension. I will likely move stop to B/E around the 50% move to target if triggered.
Bearish Confluence:
Bearish 5-0 pattern
Bearish parallel channel resistance
Weekly pivot resistance
50 day SMA resistance
Bearish weekly channel
Feels great to be back on TV, hope you enjoyed and good luck to all!
Weekly Bullish Pennant right into 50SMAHi guys,
I've had these ranges plotted for a few weeks now, and it's really helping me see this pair more clearly.
We're currently underneath the 50SMA and have been for some time, but with the bullish pennant forming on the weekly, we may be in for some change.
I've marked out some strong areas for support, and a long test wick candle.
My bias will remain neutral until I see some further confirmation, paying particular attention to how we react to the 50SMA.
Happy trading.
#AUDCAD Short & Long Idea (Bat Pattern, 50sma) #Forex#AUDCAD Short & Long Idea (Bat Pattern, 50sma) #Forex @TradeYodha
1. Price may try to retest 50sma/200sma cross over to give us a short opportunity.
2. Target will be to complete advanced pattern where we will have another opportunity to go long
GBPUSD: 3 SIMPLE CHART PATTERNS POINTING TOWARDS POSSIBLE LONG!!Hello Traders,
After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through all 3 Patterns , pointing out exactly where our entries, exits, and stop loss levels are going to be at.
1st Pattern: BULLISH RECTANGLE
Entry : Placing a buy order on the retest of the broken rectangle. See the "possible scenario" labelled on the chart above.
Stop loss : After getting a valid retest of the broken rectangle, stop loss can be placed just couple of pips below the lows of the retest candle. This allows us to lower our potential risk on the trade. Note that the stop loss labelled in the above chart is for aggressive long entry . Which why it's better too wait for a valid retest before going long.
Target : The total height of the bullish rectangle. For this setup the height is about 180 pips (see the cloned rectangle (colored purple) in the chart above).
2nd Pattern: ASCENDING TRIANGLE
Entry : Placing a buy order on the retest of the broken triangle. See the "possible scenario" labelled on the chart above.
Stop loss : After getting a valid retest of the broken triangle, stop loss can be placed just couple of pips below the lows of the retest candle. This allows us to lower our potential risk on the trade.
Target : The total distance of the ascending triangle’s back. For this setup the distance is about 317 pips (see the yellow rectangles in the chart above).
3rd Pattern: SYMMETRICAL TRIANGLE
Entry : Placing a buy order on the retest of the broken triangle. It looks like the market has already broken the symmetrical triangle and has given a good retest. But I would wait for a break and close above the 1.56470 level on the DAILY chart, before jumping into the long trade.
Stop loss : After getting a valid retest of the broken triangle, stop loss can be placed just couple of pips below the low of the retest candle. This allows us to lower our potential risk on the trade.
Target : The total distance of the symmetrical triangle ‘s back. For this setup the distance is about 760 Pips (see the blue rectangles in the chart above).
KEY NOTE:
We MUST wait for a break and close above the 1.56470 level on the DAILY chart, before trading any of the 3 Chart Patterns mentioned above. We also have a rising channel formed on the RSI as well. We are also getting good RETEST of the 50 Day Simple Moving Average (SMA). Do leave a comment below if anyone is overwhelmed by reading this much information and needs any type of clarification. I will gladly provide any help, if needed.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
#EURUSD Possibility of Bigger Bat Pattern Forming (50sma,200sma)#EURUSD Possibility of Bigger Bat Pattern Forming (50sma,200sma)
@TradeYodha
TradeYodha.com
This is in compliance with previous trade ideas as attached:
#GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma)#GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma)
@TradeYodha (TradeYodha.com)
Analysis:
1. 50 sma in the zone on 4H
2. 50 sma in zone on Daily
3. 38.2 rettracement
Trade Execution:
1. 3 Orders
2. One order as limit order with 1:1 target
3. Rest 2 orders with higher targets based on confirmation in the zone
News/Fundamentals
May 5: 8:30am GBP Construction PMI
May 5: 10:45pm NZD Employment Change q/q
May 5: 10:45pm NZD Unemployment Rate
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
AAPL - stand aside until after earnings announcementI last analysed AAPL on 18th March and my conclusion was that I would wait for a break above the February pivot high before considering a new position on this stock.
This has not occurred and, despite the buzz and excitement around Apples latest earnings announcement today, I will still be standing aside until I get confirmation that this high has been taken out.
While I anticipate AAPL continuing to trend up I expect, at the very least, the daily 50sma to act as better support of price than it has done on this chart in the past. Yesterday's gap up is still below the recent pivot high so there is no reason to enter a buy position on this stock right now.
MSCI trending higher (earnings due later this week)MSCI has been a good preforming stock over the last few months. It broke the 2010 high ($40.79) in late 2013 but retested this zone three times before beginning its latest trend up.
It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was not too deep and now we see price moving higher and further away from this moving average.
More recently we saw a double bottom formation on the daily chart (using $60 as support) then, two days ago, a bullish breakout bar. Both suggest further strength to the upside. However, with earnings due out on Thursday it is worth standing aside until after this event before considering a buy position.
#GBPUSD Long Idea (Harmonics, 50sma, structure)#GBPUSD Long Idea (Harmonics, 50sma, structure)
@TradeYodha
TradeYodha.com
Further to my initial analysis the which gave us 1:1 easily that zone has become a support zone now.
Analysis:
1. This zone has been resistance zone in past
2. Market is in uptrend currently
3. On higher time frame (Daily) 50 sma is the zone which will act as support
4. Price is currently over stretched away from 10sma and is oversold so a retracement is expected.
5. 50sma is xlose to the zone
Trade Execution:
1. Have 2 orders
2. First order will have approx 1:1 R/R ratio. This will be limit order
3. The second order will have target higher at the completion of ABCD pattern giving us approx 1:2 R/R
News/Fundamentals:
27 April: 10:00am GBP CBI Industrial Order Expectations
28 April: 8:30am GBP Prelim GDP q/q
28 April: 2:00pm USD CB Consumer Confidence
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#NZDJPY Long Opportunity#NZDJPY Long Opportunity
@TradeYodha
TradeYodha.com
Analysis:
1. Market is in uptrend and in a channel
2. 50 sma on higher time frame (Daily) in the zone. That will provide support
3. The price is not yet oversold, it still has little more to go down
4. Zone has 90.00 level
Trade Execution:
1. Have 2 orders
2. First order as a limit order
3. Second order is waiting for a confirmation around 90.00
4. Target for first order is as always 1:1 R/R ratio
5. Target 2 will be higher
News/Fundamentals:
27 April: JPY Retail Sales y/y
28 April: 10:45pm NZD Trade Balance
29 April: All Day JPY Bank Holiday
29 April 1:00am NZD ANZ Business Confidence
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#USDJPY Short Idea (Structure, Fibonacci, Head and Shoulders)#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced patterns
4. The price is close to 70 RSI at the moment so there are chances for it to go over bought by the time it reaches the zone.
News/Fundamentals Expected:
21 April: 11:50pm JPY Trade Balance
23 April: 12:30pm USD Unemployment Claims
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)
1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level)
2. on 4H:
a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8
b. The next level of 78.6 has high fibonacci confluence
3. This zone had high supply in past too
4. Target 1:1
News/Fundamentals:
1. German ZEW economic sentiment expected 10:00 am London Time
GPN breaks above $100GPN has just broken through the $100 mark and the chart patterns suggest price could go higher.
However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55).
For this reason I would recommend sitting tight until the $100 mark is comfortably cleared and reassessing the trend then.
#NZDJPY 1H Long Opportunity (Cypher, 20sma)#NZDJPY 1H short Opportunity (Cypher)
1. 4H has potential Gartley and Cypher patterns
2. The price is leading reaching 50sma on 4H which can act as support. The zone there has minor structure too and 200sma is reaching there fast
3. This can push the price little upwards to give us a small term but good Long opportunity
4. 1H shows a Cypher forming in the same zone giving us a better confirmation.
5. 200sma is close to that zone where Cypher is completing in 1H zone
