Tag: Breakout Retest

Categories
Forex Signals

AUDNZD Breakout Retest BUY

Flow Assessment

  • Price is in an overall uptrend, thus giving a buy bias. The sellers in the pullback have come in multiple pushes, suggesting profit-taking not a swing reversal

Location Assessment

  • Price has come back to the level where strong buyers pushed up to create a higher high (HH) for the first time, thus making this a good location to buy as there are likely to be more buy orders waiting at these levels

Momentum Assessment

  • We waited for evidence of strong buyers emerging from the level for our entry trigger
Categories
Forex Signals

GBPNZD Breakout Retest SELL

Flow Assessment

  • The strong buy swing on the daily has failed to achieve anything and has been halted by sellers building up positions and beginning the downward move, thus giving us a sell swing bias

Location Assessment

  • Price has recently broken out of a daily buildup range (around the aqua line in the picture) and the next set of buy liquidity is likely to be at the origin of the daily buy swing upwards emerging from 1.91530

Momentum Assessment

  • As the breakout below the aqua line looked strong on the H1, the sell entry is based on a breakout retest idea of that level
Categories
Forex Signals

EURCAD Breakout Retest BUY

Flow Assessment

  • Price has reached a key H4 sellers area (pink line) so we anticipate down-flow to continue, however the sellers so far have not shown much strength relative to buyers, hence we anticipate intermediate buys

Location Assessment

  • Price is reacting at a key high volatility buyers area, where there are some signs that they are defending the level

Momentum Assessment

  • Price has had a SL hunt, where some sellers have been trapped. This gives us our entry trigger.
Categories
Forex Signals

AUDCAD Breakout Retest BUY

Flow Assessment

  • Price is in a strong up-flow and the seller pullback is coming in with weaker volatility and strength

Location Assessment

  • We look to trade near the key buyer area, where there was a high volatility reaction previously

Momentum Assessment

  • Allow the sellers to try 1 more time since the sellers approached the key buyer area in a sharp way, but after signs of buyers holding the level even after the seller’s 2nd try, this is a sign for taking the buy
Categories
Forex Signals

EURGBP Breakout Retest SELL

This is a position add to the existing EURGBP SELL trade here.

Flow Assessment

  • Structural down flow with LLs and LHs

Location Assessment

  • Price has come back to a critical level where previous volatile reactions happened around, making it a good area to look for sells

Momentum Assessment

  • Buyers suddenly shot up right into the key level with high volatility. But this is suspicious because the original buyers did not show this much strength or volatility.
  • This makes us suspect that it is a trap, specifically a liquidity and stop hunt to accumulate more sell orders, making it a fantastic entry trigger
Categories
Forex Signals

NZDCAD Breakout Retest BUY

Flow Assessment

  • Price has created a fresh higher high and the buy swings look strong and aggressive, suggesting bullish order flow

Location Assessment

  • Price has recently broken through and retested a major level at 0.88170, which has acted as a support and resistance for high volatility swings multiple times before
  • Hence, given our bullish bias, it is logical to look for buys at this key area

Momentum Assessment

  • Price retested the key 0.88170 level and showed sharp signs of rejection
  • Due to the high relevance of the level and the bullish bias, this is sufficient for us to take a buy
Categories
Forex Signals

USDJPY Breakout Retest SELL

Flow Assessment

  • There has been a very large trap on daily in terms of an SL hunt. The strong force of buyers would have enticed people on the wrong side of the market, providing lots of liquidity for sellers to build up positions at good, high prices to prepare for a big move

Location Assessment

  • Price has broken down below the weekly support, which is stale, having been tested 4 times already without any buy swing making even an equal high
  • This indicates that the weekly support is weak and is about to break

Momentum Assessment

  • The sellers have created a lower-low, showing that they are in control
  • We enter upon signs of rejection at the logical breakout retest area that coincides with the lower high.
Categories
Forex Signals

EURNZD Breakout Retest BUY

Location Assessment

  • Price has reacted at the higher low (HL) area which coincided with where there were previously sharp buyers in the L to HH swing in the first picture

Flow Assessment

  • On the H1, price is showing the first signs of bullish market structure, having made a higher high (HH) and signs of buyers defending a HL level
  • Hence we are interested to join the buyers

Momentum Assessment

  • Currently, price is at an area where previous sharp rejections have occurred by the sellers however we note 2 points:
    • Those seller reactions failed to achieve an equal low. The fact that the buyers defended a HL level shows that the sellers do not have much power at this area of 1.7532
    • On the M5, price is holding at this key level for the first time, not showing immediate sharp reactions. This indicates that a breakout to the upside is building up.
Categories
Forex Signals

EURAUD Breakout Retest BUY

Categories
Forex Signals

EURAUD Breakout Retest BUY

Categories
Forex Signals

GBPUSD Breakout Retest SELL

Categories
Forex Signals

EURCAD Breakout Retest SELL

Categories
Forex Signals

AUDJPY Breakout Retest BUY

Categories
Forex Signals

EURNZD Breakout Retest BUY

Categories
Forex Signals

USDCAD Breakout Retest Buy

Categories
Forex Signals

USDCAD Breakout Retest Buy

Categories
Forex Signals

EUR/CAD Forex Pair’s Breakout Retest

Categories
Forex Signals

AUDNZD Breakout Retest Buy

Categories
Forex Signals

GBPJPY Breakout Retest Buy

Flow Assessment

Price is in an up-flow and the seller momentum has slowed down.

Location Assessment

Price is at a key buyer area, which is showing reactions.

Momentum Assessment

Price has held near the buyers area and making smaller higher lows, suggesting buildup of positions.

Entry Price – Buy 136.892

Stop Loss – 136.443

Take Profit – 137.357

Risk to Reward – 1:1.04

Profit & Loss Per Standard Lot = -$425/ +$440

Profit & Loss Per Micro Lot = -$42.5/ +$44

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

Categories
Forex Signals

EURAUD Breakout Retest Buy

Flow Assessment

Overall buy flow, sellers are reacting off this area, but buys are holding.

Location Assessment

Price is at a buyers area and is being defended.

Momentum Assessment

There was a buildup of buyer positions and now price seems like it is retesting the area

Entry Price – Buy 1.68645

Stop Loss – 1.64283

Take Profit – 1.65866

Risk to Reward – 1:1.82

Profit & Loss Per Standard Lot = -$406/ +$738

Profit & Loss Per Micro Lot = -$40.6/ +$73.8

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

Categories
Forex Signals

EURAUD Breakout Retest Buy

Flow Assessment

Overall buy flow, sellers are reacting off this area, but buys are holding.

Location Assessment

Price is at a buyers area and is being defended.

Momentum Assessment

This is the 1st test of the buyers area

Entry Price – Buy 1.64844

Stop Loss – 1.64286

Take Profit – 1.65860

Risk to Reward – 1:1.82

Profit & Loss Per Standard Lot = -$406/ +$738

Profit & Loss Per Micro Lot = -$40.6/ +$73.8

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

 

Categories
Forex Market Analysis

GBPNZD Breakout Retest Sell

Categories
Forex Signals

GBPNZD Breakout Retest Sell

Flow Assessment

  • The bigger flow is towards buyers in the daily, but price is reacting of a historical seller’s area on H4

Location Assessment

  • The buyers on M15 have reached the historical H4 seller’s area and are showing reactions
  • This suggests that a fresher buy price may be needed to resume the daily flow, which explains the TP placement

Momentum Assessment

  • The M15 buyers look strong, but they are unable to clear the H4 seller area. Price showed some signs of rejections, giving the entry trigger

Entry Price – Sell 1.94995

Stop Loss – 1.95755

Take Profit – 1.94145

Risk to Reward – 1:1.12

Profit & Loss Per Standard Lot = -$504/ +$564

Profit & Loss Per Micro Lot = -$50.4/ +$56.4

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

Categories
Forex Signals

EURAUD Breakout Retest Buy

Flow Assessment

  • The daily is in a range, but recently there has been a strong move up by buyers that have built up positions. These buyers achieved something by penetrating old highs.
  • On the H4, seller moves are slowing down near the key reaction area.
  • On the H1, recent sellers failed to show defence of the key level

 

Location Assessment

  • Price is at a key reaction area on the daily, thus giving us reason to look at a lower timeframe for proof of genuine reaction structure
  • Price made a swing failure on the H4, taking out possible sell stops. This gives us more confidence in the trade as some people have gotten caught trading the wrong way
  • On the H1, we wait for the price to reach the last recent seller area and look for failure in defending that zone

Momentum Assessment

  • On the H4, the sell moves were slowing down and buyers were holding the level
  • The H1 shows a stop hunt below recent lows. Sellers failed to make a lower low here.
  • At the recent seller area on the H1, there were signs of sellers not defending that level, thus indicating to us that the buys are in.