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Retest-structure

Week 46: ZSF 2021 Buy at retest levelWeekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a retest level to long. My personal trade call for this week : Buy Limit at $1,084 Stop Loss at $1,061 Take Profit at $1,130 RR = 1.92R Special note : As there is no reference on the Take Profit, we do not know how bullish it will be. My advise, watch for the Price Action in H1 and H4; they will give you an early warning whether to close manually or let it ride. If I happen to watch it, I will update it here on comment section. Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSF2021Long
by machintose
3
GBPUSD 1.29188 + 0.39 STRUCTURE & PRICE ACTION IDEAHELLO EVERYONE Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger area and a break above the 50 M.A would be one of those nice confirmations that trend momentum is shifting with the bulls. hope this idea assists in a way with your trading of the DOLLAR / POUND. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
3
Possible Retest & Long Position - GBPCHF - 7.68% R:R Hi All! Hope you're keeping well and having a great weekend! Just wanted to share a personal analysis I've made on GBPCHF! Please feel free to comment below any questions you may have! With GBPCHF, I would personally like to see some movement to the downside towards the marked 4hr structure, to retest it as a support for price then to move back and follow the price trend to the upside. As you may not know, the Bank of England has a speech tomorrow which will greatly affect the pound - if the speech is 'hawkish' then we could see some strength for GBP which will support this long position. You may notice that the fib retracement isn't on the highest wick, which is something I've personally done because I feel that maybe the last two candles on Friday could be very sketchy to work off, especially towards the market close. By doing this though it's lining up perfectly with the structure, and would be nice to get a long from that position. We're also above the 40EMA which I personally work with on minor pairs which will support this - also this could count towards a touch on the ascending trendline (subjective) which could also show support. I have chosen to have my stoploss at 20pips + 3pips for spreads, and I will be risking 1% of my capital for this trade. Confluences: Trendline Structure 40EMA Fib Retracement Conformation "Pending" 😉 Obviously please do your own analysis, so please don't take this as gospel and please ensure that you use the correct risk management for this trade. Let me know your guys thoughts! Cheers Daniel Instagram: @DanielJamesFX Twitter: @DanielJamesFX
Long
by danieljamesfx
3
EURJPY 120.703 - 0.55% LONG IDEAGood Day Everyone Here's an idea on the EURJPY pair, we just broke above the descending channel overbought on multiple indicators which may signal a correction or retest of the structure then continuation to the upside. looking for long entries on the pair should everything be satisfied. _____________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - DAY TRADE TARGET1 - 121.098 TARGET2 - 122.098 ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu