Thread: Interactive Trading Setups Disscussion

USDCAD

Weekly prognosis



Candle open: counter trend bullish outside open, above tl ms2, below ms1, t05 and 21 ema *
ADX: above 30 and rising = bearish
OSMA: Bullish.
Stochastics: Bullish
UTF Stochs: kd wider compared to last week still at bearish mode.
Chart pattern: macro bearish triangle is broken, macro bearish range, mid down channel with potential up wave, micro bearish move, super micro 1 week bullish.
Moving averages: Bearish COMA Correct Order Moving Averages with 21, 50, 200 21 4-5o'clock, 50sma 3-4 o'clock, 200 3-4 o'clock angle bearish

Bias is slightly bullish & currently in the bottom of a down channel. *

Weekly Action plan/ chunk.

if ms1 breaks and tests as new support, up to mpp w21ema cluster

if mpp w21ema cluster breaks and tests as new support, up to 1.0000, mr1, tl cluster.

if ms1 holds as resistance, down to ms2 tl cluster

if ms2 tl cluster breaks and tests as new resistance, down to ms3, env cluster

if ms3, env cluster, breaks and tests as new resistance, down to 0.9422 macro range bottom

Key Levels

Support

0.9685 - ms1 tl cluster
0.9530 - ms3, env cluster
0.9422 - macro range bottom

Resistance *

0.9928 - mpp w21ema cluster
1.0015/00 - 1.0000 mr1 tl cluster

Daily Prognosis



Candle open: inside open, inside t05 after doji, below 224, ms1 d21ema above wpp.
ADX: <30 falling on bullish move. - ranging
OSMA: bullish
Stochastics: bearish
UTF Stokes: bullish kd gap widens
Chart pattern: CT pullbackish
Moving averages: COMA correct order moving averages = 21, 50 3-4 o'clock 50, 200 3 o'clock price is below all 3 = *bearish
Volume: dropping

Bias is: slightly bullish on the context of seems to be a ct pullback of the more macro bear move.


Daily Action plan/ chunk.

if d21ema, 224, tl cluster holds as resistance, trade down to wpp

if wpp breaks and tests as new resistance, trade down to 261.8, ms2 cluster

if 261.8, ms2 cluster *breaks and tests as new resistance, trade down to 314.16 ms3, ws3 cluster

if 314.16 ms3, ws3 cluster breaks and tests as new resistance, trade down to 361.8, weekly range low cluster

if wpp holds as support, trade up to d21ema, wr1 cluster

if d21ema, wr1 cluster breaks and tests as new support, trade up to 200, wr2 cluster

if 200, wr2 cluster breaks and tests as new support, trade up to wr3, mpp, d50ma, w21ema cluster

Key Levels

Support

0.9756 - wpp 0.9756
0.9685/74 - 261.8, ms2 cluster
0.9537/30 - 314.16 ms3, ws3 cluster
0.9422/12 - 361.8, weekly range low cluster

Resistance *

0.9803/20 - d21ema, wr1 cluster
0.9836/79 - 200, wr2 cluster (since there is considerable space bet the fibs and weekly pivots i will decide w/c to follow thru snaps)
0.9928/52 - wr3, mpp, d50ma, w21ema cluster

Eurusd

Gbpusd

EUR/USD

Not an update chart but still valid

Good day to all,

Check NZDUSD M15
Gartley Bearish Pattern forming
XA - B Retracement point is close to 61.8% Fib
AB - C Retracement point is on 61.8% Fib
BC - D Extension is Calculated on 161.8% as possible retracement
XA - D Point Retracement is on 78.6% as pattern requires
AB=CD Point Confluence.
RSI coming up to 70 point overbought condition

D Point has confluence on D Fib numbers, these are very exact, very strong possible resistance point.



Lets see then if market does test the PRZ
Going in on 3 % risk as always if it does test.
TP1 10 Pips
TP2 20 Pips on 38.2% A to D Retracement

Best regards to all!

EURUSD M5 gartley bearish, entry in 5 mins, good R:R

lets see how it's going to play out ->

Stopped, but looking for another short opportunity.