GBPJPY LONG Despite BOJ Intervention ThreatI am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame.
I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN.
I might change my order to Market Buy instead of Limit Buy if I see that GBPJPY buying demand has resumed on the lower time frames, and it is tough for me to buy in at my expected discount price.
Shall see.
1027SGT
21032024
Daytrade
EURAUD Swing Trade 4H Time FrameThird trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY).
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart.
Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long.
CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses.
1505SGT
18032024
NZDUSD Long at "New Product Pre-Release Sale"Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area).
The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples wallets.
Take a look at the 4H Time Frame, and it will be apparent that we are trading based on the Big Boys "The Market Remembers" level.
We could ride the coat tail of the big boys, helping them gather the wood they need and selling it to them for a premium.
Don't be like rice farmers. They sow, they slog, and get paid pennies while the rice buyers aka big boys get fed and fat. Rather the rice rots than to sell it to the big boys.
But we are not mere farmers, so, we get to bargain with the big boys.
I will be exiting if I see that the demand is not there and unable to get my higher prices, aka, I will be cutting my losses quickly, instead of letting my cows die in the farm. Grade AAA beef too expensive, nah? ok, I will sell it to at a lower price, dont go to the next door farm, please.(You better watch out, bruh).
But if price is able to rise, and our premium wag-yu is in high demand, we will sell it to the highest bidder and provide dough for our fam.
Gotcha fam.
1304SGT
18032024
GBPUSD - Analysis (ICT)This is a possible scenario for GBPUSD, annotated on the 1h timeframe.
Price just took out sellside liquidity and reversed back up rapidly during news on the 1st March 2024. There is much trendline liquidity residing above, but there is also a 3-week and monthly FVG below (off screen).
The narrative I have in mind is for price to at least either make one more high near the C.E of the NDOG or slightly piercing the trendline, then heading to the downside. Or, for a bullish scenario, price breaks convincingly above the trendline, then finds support to move higher.
Let's see what unfolds.
- R2F
EURUSD - Trade Idea (ICT)Intraday trade idea on the EURUSD.
I see a reaction off a signature 2-day R2F Gap to give me a bullish bias to take price possibly to the highs.
For narrative, I see a signature 30m R2F Gap as a possible entry to take me up to the relative equal highs where my "low hanging fruit" objective lies. I have added confidence for the 2nd objective due to the trendline buyside liquidity on GBPUSD. However, this bias/narrative is still not ironclad as there have been a lot of N(D/W)OGs on the chart, at least for the FXCM data which I usually use.
Trade with caution.
- R2F
GOLD tricking SELLERS and then DROPPINGOANDA:XAUUSD
Opening bell 6pm NY time marks a new trading day for us in the Gold market. Yesterday we witnessed price being being delivered to the downside and forming an inside bar. Itching closer towards our weekly target for the "low of the week".
For today's projection I expect price to trick sellers by running up into the outlined target adn then dumping below friday's low and in the POI for our low of week target.
More updates to come as the day unfolds. Thank you for following and happy trading.
As always check below for access to the institute!
HSBC Day to Investment Conservative Trend TradeConservative Trend trade 7F
+ long balance
+ ICE level
- support level
+ 1/2 correction
+ biggest volume 2Sp+
Calculated affordable virtual stop loss
Take profit:
+ 25% 1/2 R/R
+ 75% T1 of Monthly
Hourly Context
+ long impulse
Daily Context:
+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ biggest volume 2Sp+
Monthly Context:
+ long impulse
+ SOS level
+ 1/2 correction
+ support level
+ 2Sp- + test"
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📈AUDUSD in H1 or above timeframe is in a downtrend. It has retraced back below the Fib. level 50% and formed a M15 ICT Short setup. The FVG has been retested, so it is in the extension stage and we expect it to hit the next support levels (as shown in the chart, TP1 to TP3 and Key Support level)
⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
A Simple and Effective Short Day Trade Method to Earn Money FastAre you looking for a profitable trade in the forex market? You’ve come to the right place! We have done the hard work for you and found a great opportunity to sell EURJPY. According to our analysis, EURJPY is in an uptrend on the 4H and higher timeframes, but there is a chance for a reversal soon. The price has broken below the key level of 161.10, and we are expecting it to retest this level as resistance (see the Sell limit levels on the chart). If the price rejects this level, we can enter a short trade and target 160.52 as our first take profit. This would give us a nice profit of 58 pips. We have also marked the other take profit levels and the stop loss on the chart for your convenience. 💰💰💰
We hope this helps you make a smart decision. But don’t forget, trading is risky and you should always do your own due diligence before placing any trades. We wish you all the best! 🍀🍀🍀
SRM NEW VOLUME INCREASEThank you for reading this update.
Depending on our study we see that SRM has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
EUR/USD Predicted Market Path:
Greetings traders,
Let's explore the anticipated market path for EUR/USD. As you observe the charts, pay close attention to the dynamics.
This is the mid-term analysis
Key Level:
A break below the critical level of 1.09178 could act as a trigger, activating a sell setup approximately around 1.0950.
This level is strategically chosen to align with the bearish channel, enhancing its significance in the analysis.
Market movements can be influenced by a variety of factors, so it's crucial to remain vigilant and adapt to changing conditions. Integrate your risk management strategies for a well-rounded approach.
Trade wisely and stay informed!
In the realm of AUD/CAD intraday analysisGreetings fellow traders,
The upcoming trajectory is set to follow the purple path based on the mid-term analysis.
For intraday considerations, two potential setups emerge:
A prospect at the bottom of the channel, though I advise caution. I am willing to take a quarter of the usual risk for this setup.
Alternatively, the purple zone nested within the yellow zone could present a favorable opportunity for long trades.
Best of luck in your trading endeavors!
Take a look to mid-term analysis!
1:10King W. Harbmayg’s
Journal Entry #
“Structure” via 15M
A. Define yesterday’s range, expressed in pips!
—50 pips!
B. How did yesterday's market structure conclude?
—unretraced!
C. How many pips did the market stop hunt?
—25 pips!
D. Did price pump up into a local coordinate just prior to session open?
—yes!
Conditions are met!
Place the sell position when most optimal!
ETHUSDT Falling WedgeExcuse me!
I'm updating my ethereum analysis.
I changed the target zone in the Update, and I stand by my analysis that the exchange rate can bounce from the support zone at the latest.
I am attaching the image and link of my previous analysis so that the modification can be observed.
Here you can see my previous analysis, which I modified to the above.
BINANCE:ETHUSDT
SOLUSDT Bull pennant patternExcuse me!
According to my analysis and observation, a breakout awaits the solana exchange rate. There are stable support points where the exchange rate bounces stably, and this is also in the golden Fibonacci zone, which suggests that the solana will rise.
Always do your research on your cheese!
I am attaching a CLEARER picture of the exchange rate below so you can take a look.
NOT INVESTMENT ADVICE
R3NCSO
FETUSDT Elliot Wawe theoryExcuse me!
An interesting picture has been drawing in front of me for days.
According to my theory and analysis, an elliot wave may be true for FETUSDT.
As part of this, we may now be in a correction.
I am attaching pictures of the details below.
First picture
$0.60 resistance
Second picture
Liquidation image
Third and fourth picture
Elliot wave in more detail on the hourly view.
R3ncso
BTCUSDT Long futureExcuse me!
It's been a long time since I wrote an opinion or an idea here, but I'm learning the dynamics and laws of the market.
In my opinion, this is a flag formation at 4 o'clock. An eruption is expected from it until November 22. I believe that if this pattern is confirmed, BTC may have growth potential in the future. I look forward to your opinions and comments in the comments. Thank you for reading.
R3ncso
CL1! Crude Oil Day Trade 7-Nov-2023TRADE DIRECTION: SHORT; as indicated by the 4H-EMA 50 (yellow line) and the market structure.
KEY LEVEL: Round numbers S&R with 50 ticks range between each level.
TRIGGER SIGNAL: Doji and bearish pin bar (red arrows) with price failed to close above 79.50.
RR: 1:1
SL: 100 Ticks
TP: 100 Ticks (achieved)