P2P | Gold Trade BreakdownWhat's up everyone and welcome to my first trade breakdown . In this clip you'll get an inside look at how I usually scope out my trades , what I personally look for in a setup , how & when I would execute on the trade .
*Also try your best to ignore my loud washer machine LOL*
I don't normally post these types of videos because everyone has a different bias as to how they see their trades but at this point I figure maybe my breakdown would help someone else understand the markets a little bit better. So I encourage you to enjoy this lil clip and I hope that you find some value in it. Also make sure to follow the page for more education!
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
We have a lot in store for 2023 & I can't wait to see everyone winning!
EU
Euro up or down?EURUSD closed the year well and above many key support levels, and it even closed above several diagonals, as did several other currencies vs. the USD. On the one hand, the USD may have peaked, especially as the DXY swept a critical low and retested its 2015-2020 highs.
The year has started with a EURUSD dump, and the pair has closed below its Monthly and Yearly P. This isn't great, but given the low liquidity, it could simply be a trap. In some of my past analyses, I had thought it was possible that it would go down to 1.055 to test an untested zone and then go higher, but it went higher first. Recovery may be coming as it has come down and tested the VP PoC in this area.
There are many reasons why I think the USD could go down and EUR could strengthen, but I won't go into them here. I only want to focus on the current TA, as a close above the key pivots could indicate that the market is going much higher. It could go up to 1.08 before going lower, or it might not even go lower for a long time. Until I see it close below 1.035, I have to be neutral/bullish, and if it does close below 1.035, then I think 1.01 is the next target.
My point is that although this doesn't look like the cleanest long, I do see the potential in this trade, and I think that going long here with a stop below 1.047 or 1.035 makes sense.
EURUSD potential longEURUSD created a HH and changed the character because of this. We also have an Asia Range to fill on the left so we can see the price moving up again before we are dumping to the downside.
the OB is on the 5min TF if you wanna check it out!
what do you guys think about this idea?
EURUSD update From my previous Post on my EURUSD set up as you can see we almost made our TP although we made some amazing pips even though the market is not fully operational
In this set up i was able to see the Elliot wake formation and capitalize on it bringing out the new entry on the last wave then i'll be looking to see what happens next stay tuned for more
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EU analysisEURUSD update from my past setup EU has been really slow these past few weeks making only slight major moves but i hope to see some really nice moves in the coming week because i see a lot of liquidity been taken at the current high and there is a nice resistance i personally like EURUSD will be more like a very good study for me during this week probably till the third week of January but i'll be on the look out for any comfortable opportunity and mark it all up
DXYWe can see the in the previous DXY rally pullbacks of 2.5-4% was common now we have seen a drop over 9% as we have also hit an historical level and price has made consolidation we can look for these two outcomes, in which I am more bull than bear, bare in mind this could take a while to play out with current market conditions.
EURUSD TO 1.0750! (Longs)Nice little swing trade on EU here. Could take some time, may not. SL highlighted just under the boxed zone, TP at the base of the highlighted box above. Higher lows consistently being made, and this is based on H4 higher low + bullish retracement on daily before another continuation of bearish cycle.
EU SLs are around 1.0200 zone.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Potential EURUSD SELL. On the Daily chart we have hit the new OB (Order Block). On the lower TF 1min we have found a BOS in this zone and a OB. Potential sell off on EURUSD.
Cant show you a better chart, because i have to do the analysis with my phone. Sorry for that.
What do you guys think about this idea?
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EU short-term buyThe London session has just started and there are two areas where the market just found resistance. Now there was a 15 min break of structure to the upside which means the market might go lower to mitigate the orderblock that is below the lower resistance which is also an area of liquidity then move higher to break yersteday's daily high.