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Weekly outlook for Major Forex Pairs Hi there! This is my own view on for the upcoming week for most of the major pairs. DXY looks bearish, so im looking to short USD and bullish on other pairs. ---Disclaimer--- I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed. Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
TVC:DXY
by Hudondonch
2
EURUSD - Live Weekly Elliott plotAs per plotting of the Weekly in Advanced Get - we will update these ideas & with daily plots. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
by Mayfair_Ventures
Head & Shoulders pattern: Full Confirmation #EURUSD The Head and Shoulders pattern is one of the oldest recognised market structures. Representing a fully formed fractal when completed, the H&S confirms a short term reversal in trend. Setting the levels 50%,100% and 200% on the Fib tool, I have devised a simple system of confirmation/action to take advantage (profit) from the completion of the Pattern. 1st confirmation occurs when price first breaks below a previous low. This establishes the Neckline (100%) a horizontal line drawn from the valley (armpit) of the left shoulder. 2nd confirmation occurs when price retraces back above 50%, forming the right shoulder. Agressive traders enter short above 50% with a stop loss at 0%, this entry statistically is higher risk but also higher reward. Final confirmation occurs once the right shoulder has formed, price continues down with a candle closing below the neckline (100%). Conservative traders set a Sell limit at the neckline (100%) with a stop loss at 50% immediately after the candle close. Both aggressive and Conservative traders close at least half of their position when price breaks below 200% Although I consider the H&S Structure completed once 200% is reached, the levels outlined in my system continue to effect price for days/weeks and even months later.
Short
by Cryptsyxalt
2