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EURUSD Trade Breakdown Hello traders -Today we had a trade on EUR/USD which is currently in profit due to the NEWS event. - In the next steps, we will break down this trade and explain why it is risky to trade if you have strong news. - Chart breakdown 1) On the left side you can see that the major low has not been broken, therefore the price has the potential to continue bullish. 2) Negative confirmations are bearish reactions and big wicks that you can see at the end of momentum. 3) The price is in an overall corrective PA, the structure is more bullish than bearish because we have not broken the major low. 4) But be careful with such trades because we had a lot of negative confirmations, you have to breakdown the whole chart and then make a decision for the trade. WARNING! -Strong news was present here. The news was on our side in this case. But be careful when trading the NEWS event, because the main reason why some prop trade firms do not allow you to trade the NEWS event is "slippage". If "slippage" happens there is a chance that the price will "forget" you SL and you will lose more than you should have. -That was all about this part, if you want more education like this, don't forget to leave a like and write us a comment if something is not clear to you.
Long
by hybridtradingfx
1
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURUSD Price Action BreakdownHello guys 👋 - This is the first video on our profile. We want to break down the chart as best as possible and show you our view of the chart with the help of a video. Leave a comment and like if you want more clips like this. Forecasting in forex helps us prepare as well as possible for a potential entry and reduce the chance that emotions will affect us. Forecasting should be done at least twice every day, in the morning and night. On the weekends, you can do the forecast only once. Higher and lower timeframes should be analyzed during the weekends in preparation for the coming week. 1D timeframe chart breakdown 1)Daily Timeframe shows us that the price moved in a long downtrend. 2)At the end of the downtrend, we see that the price has made a Change of Character, and we notice the presence of Bullish Orderflow, which indicates that we can expect the beginning of an uptrend. 3)After a long downtrend, the price finally breaks the descending structure with strong bullish momentum, which indicates that we can expect the beginning of an uptrend. 4)After the bullish momentum, we see that the price has slowed down with the momentum (weakness), but again we see the presence of bullish order flow + EURUSD has the characteristic of going up impulsively from this kind of price action + it has a lot of liquidity to pick up. 5)In the end, the price is bullish, but it can easily change to bearish 1D timeframe forecast: 1)We see a nice change of character after a long downtrend, nice bullish momentum, bullish order flow, and we can expect the price to continue bullish. 2)The price has left wicks that tell us that the price has no more momentum to continue upward, and we expect a reversal to happen. 3)If we see a corrective pullback, wicks will be respected, and we can expect a continuation of the uptrend. 4H Timeframe chart breakdown 1)We see that we are moving in a longer ascending channel, and we see that: we are placing new HHs; we make impulses, corrections, impulses, which indicates that we will continue to move in the ascending channel. 2)But this is EURUSD, and we know we can expect to see a smaller ASC PA after this PA and see a trend change or continuation to the upside from this PA. 3)In the end, we have no bias, and we look at what will most likely happen and react to it. 4H timeframe forecast: 1)We see that the price is placing new HHs, and we notice an impulse correction impulse movement, so we can expect the price to continue to place new HHs and continue bullish. 2)After a longer ASC channel, EURUSD likes to make a smaller ASC PA and then change the trend, so we can expect that. 1H timeframe chart breakdown: 1) Currently, we see a very corrective PA; the price is between high and low. 2) we also see that the price moves from des PA to asc PA, which indicates a correction. 1H timeframe forecast: 1) Here, we expect a correction because everything points to it 2) There is a chance that the price will go bullish because they make an inverted head and shoulders pattern, but we do not want to trade in such a PA Don't forget to leave a like and comment for more posts like this.
by hybridtradingfx
4
XAUUSD | New perspective | follow-up detailsI have been trying to upload the video here but due to unknown reasons, I can't. Feel free to watch the full video tutorial on my youtub channel and I promise to drop the update/daily commentaries here as usual... Good night. The insistence that higher interest rates will be the only way for the Federal Reserve to effectively bring inflation back to its 2% target appears to knock down the price of gold as selling pressure was sighted right below the $1,786 level. Price fell by $20 last week and from a technical standpoint, the appearance of a reversal pattern after the end of last week's trading session is a sign that we might be in for a retracement phase in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSDShort
by darcsherry
2
4 bearish targets converge on DXYWe just recently reached the breakdown target for the ascending h&s pattern with the pink neckline when price fell to 109.2. Our next target is for the slightly bigger head and shoulders with the bluish green neckline at 106.9 which we are now very close to reaching. the next breakdown target after that is for both the largest h&s pattern with the yellow neckline at around 104.69. This also happens to be the exact breakdown target for the purple channel if it confirms its breakdown in this zone. We can see we just recently closed 1 daily candle below the purple channel, and our follow up candle has already so far as of now retested the bottom trendline of the purple channel as resistance..should this candle close below the purple channel as well that greatly increases the probability it will confirm the breakdown from the purple channel. The final breakdown target at 104.39 is for breaking down from the red descending channel. We can see that both the red breakdown target and the yellow/purple take us to a very crucial horizontal trendline which is currently being overlapped by the 200ma(in blue) If DXY cant get price action back above the purple trendline soon odds are good it will retest the 200ma and this horizontal line as well. *not financial advice*
TVC:DXYShort
by DrDovetail
BTC magic indicator which shows the bottom & new bull run startHi dear community and my loyal followers. Couple weeks and months later you will understand why I think the real bottom was at 17.5K in June. I'm looking at weekly timeframe and would like to show you this magic indicator which marks the real bottom of BTC and bull run start. This magic indicator went below -10 3 times in BTC whole history, They are bear markets. When orange line crosses above blue line the bottom was already in and when blue line goes above -10 bull run starts and BTC price breaks the major diagonal resistance trendline. I'm sure BTC real bottom was at 17.5K in June and the recent dump is a fake break down/ bear trap/ with double bottom like 2021 November top /69K/ which was a fake break out/ bull trap/ with double top. BTW BTC price never reached to red channel)) in its whole history. The current value of it is 14.2K. If you like my ideas, don't forget to follow me please. I will appreciate a lot.
BITSTAMP:BTCUSDLong
by ergal91
6
GBPUSD | Perspective for the new week | Follow-upThe breakdown of both the key level at 1.14000 level and the bullish trendline during the course of last week's trading session might be a sign that the sellers still have a say in this market. Though, the Pound rallies 1.9% on the last day to close the week near 1.1400, with this development I am of the opinion that we remain patient to see how the price will be relating to this current structure before making an informed decision. There is also a high-impact event coming up later in the new week hence the need to see how participants will anticipate this event is very important. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
TOTAL M.CAP ALSO SHOWS BEARISH RETEST!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this TOTAL M.cap update. The total market cap looks bearish here. This recent pump just looks like a bearish retest. As you see in the chart, the total market cap breaks down from the symmetrical triangle in the daily time frame and currently rejecting after the perfect retest. Two important supports $700B and $550B are I'm looking for after this bearish retest. Invalidation:- Daily close above $860B If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You! The total market cap also indicates a bearish retest.
CRYPTOCAP:TOTALShort
by CoreCrypto1
9
SOL breaking down from channel.The measured move from the yellow channel breakdown has a target of around 3.33 - 3.40. There is a chance however that sol finds support on the green trendline before reaching that full target. If we considered that same yellow channel to be the flag of a bear flag however the measured move goes all the way down to negative 83. Obviously thats not possible but it does leave room for sol to fall as hard as FTT did. For Sol to have a future it is going to need to at least hold support around the channel breakdown measured move imo. If it somehow holds the green trendline as support then that greatly increases its chances of one day reclaiming its former glory…either way for now it looks like there will be more downside to come even if it doesnt reach the full channel breakdown target. *not financial advice*
FTX:SOLUSDShort
by DrDovetail