CapitalHillFX Trading

2021-09-03 18:53:22 CADCHF - BUY SETUP Image (D): https://www.tradingview.com/x/CZaXIE4N/ Image (4H): https://www.tradingview.com/x/MbOZBrsx/ On CadChf, price has been channeling through a bearish channel for quite some time now. Within this channel, price action has created… Open / Comment

2021-09-02 21:05:34 EURJPY - BUY/SELL SETUP

Image (D): https://www.tradingview.com/x/z43odmdS/

EurJpy seems to be at a price point that seems neutral in my opinion. Considering price has been bearishly retracing on the daily chart, there could still be some selling steam for the future. But looking at the short-term, it seems that the buyers have been in control. A major level that could dictate the sentiment of this pair is the Daily Significant Level that we've recently approached.

I'll be waiting to see if price has a bullish break and retest of this level, which in that case would trigger buy setups. But in the event of strong bearish rejection at this current level, we could predict a bearish rally towards the downside. The next couple of candle closures will be very important for this pair. Just patience and discipline for now. Open / Comment

2021-09-02 20:42:33 CADCHF - BUY SETUP

Image (D): https://www.tradingview.com/x/CZaXIE4N/

Image (4H): https://www.tradingview.com/x/MbOZBrsx/

On CadChf, price has been channeling through a bearish channel for quite some time now. Within this channel, price action has created a Daily Significant Level that price has just recently approached. Considering we've experienced significant bullish rejection off of the Non-Horizontal Support Level and are continuing to create bullish market structure, I'll be looking to capture a bullish rally in the near future.

I believe that if price manages to break and retest the current level its at right now, I'll monitor rejection off of the level before placing a buy order to target a potential movement towards the upside. Let's see if we could get some more buyers in play Open / Comment

2021-09-02 20:31:34 CADJPY - SELL SETUP

Image (D): https://www.tradingview.com/x/ZKVoxHsN/

On CadJpy, we've been creating bearish market structure ever since price has approached the long-term Weekly Resistance Level.

On the short term, I'll be waiting for price to reach the Significant Daily Level before presenting bearish rejection towards the downside. Once bearish rejection is present at this predefined level, sells are viable. For now, just waiting for a full retracement back to the horizontal level. Open / Comment

2021-09-02 20:08:12 AUDUSD - BUY/SELL SETUP

Image (D): https://www.tradingview.com/x/oGnCYPyc/

Image (4H): https://www.tradingview.com/x/Q1OzgTGN/

Looking at AudUsd, the sentiment of the pair has contextually changed over the last couple of days. With its bullish push to possibly break market structure, we could be seeing more bulls come into play.

An interesting news release that could cause a bullish or bearish breakout for this pair is the NFP event tomorrow afternoon. This should cause a high volatility movement in one direction that usually sets the underlying tone for the pair. I will reassess the pair after the even tomorrow afternoon. Open / Comment

2021-09-01 14:46:45 GBPJPY - SELL SETUP

Image (D): https://www.tradingview.com/x/oYevoh5Q/

Looking at GbpJpy, price has been establishing a bearish downtrend channel ever since we've come up to the long-term Weekly Resistance Level. Within this downtrend channel, price has now found itself approaching a Significant Daily Level and Non-Horizontal Resistance Level. This pivot point could be a catalyst to drive price towards the downside.

For confirmation, I'll be waiting for a strong bearish H4 candle closure before verifying that any seller sensitivity is present around this area. If there is, sell orders will be viable. Open / Comment

2021-09-01 14:24:38 GBPAUD - SELL SETUP

Image (D): https://www.tradingview.com/x/x2UWzTmb/

Image (4H): https://www.tradingview.com/x/6vGKXqiI/

Looking at EurAud on the daily chart, price is exhibiting a steep bearish retracement after a strong bullish rally towards the upside. I believe that more bearish movement will follow until enough liquidity is found for buyers to drive the price towards up! For the time being, price could possibly drop towards the Non-Horizontal Support Level that is identified.

On the H4 charts, we could notice that price has just recently broken a Significant Daily Level. If price could come back and retest this level as resistance and reject away with a strong bearish H4 candle closure, we could see a continuation towards the downside. Just waiting for the retest, then a confirmation candle to prove seller sensitivity. Open / Comment

2021-08-30 19:23:27 USDCAD - BUY UPDATE Image (4H): https://www.tradingview.com/x/GsgeQaO9/ As for UsdCad, price is beginning to move into profits as the NY session progresses. Just being patient and waiting for a strong push into profits before booking any partials. Open / Comment

2021-08-30 19:18:12 NZDUSD - SELL SETUP

Image (D): https://www.tradingview.com/x/0ZgKwGjX/

Image (W): https://www.tradingview.com/x/Mf9zJgzX/

Looking at NzdUsd, we could be seeing a potential sell setup forming. Price has been creating relatively downtrend structure ever since we've ran into the long term Non-Horizontal Resistance Level.

Throughout this "choppy" downtrend structure that price action has been creating, there's an interesting pivot point that could potentially drive price towards the downside. This pivot point is comprised of a Significant Horizontal Daily Level and a Non-Horizontal Daily Level. I'll be waiting for price to exhibit strong bearish rejection away from this area before placing any sell orders. Open / Comment

2021-08-30 19:09:25 EURJPY - SELL SETUP

Image (4H): https://www.tradingview.com/x/OfsvwLDU/

Image (D): https://www.tradingview.com/x/KouxFy7z/

On EurJpy, price has been in an overall bearish retracement for quite some time now. Unless the buyers prove that they are taking over, my bias will continue to be bearish for the time being.

We could notice that price has fully retraced back to a Daily Significant Horizontal Level and bearish pressure is identified. If we could get a strong bearish H4 candle closure away from this level, I'll be looking to place sell orders. Open / Comment