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Forex-education

Trading Under Pressure: When Emotions Take OverThere was a time when the pressure of trading got to me. The market moved fast, and I felt like I had to act quickly or miss out. Fear, greed, and panic ruled my decisions instead of logic. The Day Emotions Took Over I remember one trade vividly. I jumped in because I didn’t want to miss what looked like a sure win. It turned against me, and instead of cutting my losses, I froze. I held on, hoping it would turn around—it didn’t. By the end of the day, I wasn’t just frustrated with the loss. I was frustrated with myself. What Emotional Trading Did to Me -Clouded my thinking: Fear stopped me from taking good trades. -Chased losses: Greed pushed me into setups that weren’t part of my plan. -Made everything feel heavier: Every loss hit harder, and I felt stuck. How I Turned It Around I started journaling my trades to identify patterns. When I felt fear or greed, I’d take a moment to breathe and refocus. Slowly, I learned to trust my strategy, not my emotions. What I Learned -Trading is as much mental as it is technical. -Reacting emotionally doesn’t work—it’s a fast track to mistakes. -Staying calm and focused leads to better decisions. If trading feels overwhelming or your emotions are taking control, you’re not alone. DM me—I’ve been there and can help. I also have a webinar this Sunday that will help you tackle this challenge. Kris/Mindbloome Exchange Trade What You See
KRAKEN:GALAUSDEducation
by Mindbloome-Trading
MINDSET! Chapter-1In trading, mindset is arguably one of the most critical factors that can determine whether a trader succeeds or fails over time. While many beginners focus intensely on mastering technical analysis, reading charts, or understanding fundamental market data, experienced traders recognize that none of this knowledge matters without the right mental approach. Forex trading is unique due to its high leverage and volatility, which can lead to large, quick gains but also equally substantial losses. The constant price fluctuations and 24-hour nature of the forex market mean that traders need to be mentally prepared to deal with a dynamic, often unpredictable environment. Therefore, cultivating a strong and resilient mindset is essential for achieving consistent results. A key aspect of a forex trading mindset is emotional control . Markets are driven by the emotions of participants, and it is easy for novice traders to get caught up in the emotional rollercoaster of trading. Greed , fear , and impatience are the three most dangerous emotions for a trader. Greed can cause a trader to hold on to a winning position for too long, hoping for even bigger profits, only to watch those profits evaporate as the market reverses. Fear can paralyze a trader or cause them to exit trades prematurely, preventing them from realizing potential gains. Impatience, on the other hand, can lead to overtrading, where a trader enters too many positions in an attempt to recover losses or chase profits, often resulting in reckless decisions and further losses. Forex traders with a strong mindset learn to recognize these emotions, manage them, and make decisions based on logic and strategy rather than feelings. Discipline is another crucial element of a successful trading mindset. Having a solid trading plan or strategy is important, but sticking to that plan with unwavering discipline is what separates professional traders from amateurs. Many traders know the importance of risk management, such as setting stop-loss orders and adhering to a specific risk-to-reward ratio, but when emotions take over, they may abandon their plans in the heat of the moment. For example, after a series of losing trades, a trader might be tempted to increase their position size to "make up" for their losses, often leading to larger risks and bigger losses. Alternatively, after a string of wins, a trader might become overconfident and take on more risk than their strategy allows, which can result in devastating losses when the market turns against them. A disciplined mindset ensures that a trader remains consistent, following their predefined rules no matter the market conditions or emotional state. Patience is also a cornerstone of the forex trading mindset. Currency markets can be incredibly volatile in the short term, but successful traders understand that profits are generated over time, not by chasing every market move. In forex, it’s common to experience periods of drawdowns or market stagnation, where nothing seems to be happening. During such times, traders who lack patience may become frustrated and enter trades impulsively, often leading to mistakes and unnecessary losses. Those with a patient mindset , however, understand that waiting for high-probability setups is essential for long-term success. They accept that there will be times when it is better to sit on the sidelines than force a trade in unfavorable conditions. Patience also allows traders to wait for the market to confirm their trading ideas, rather than jumping in prematurely based on speculation or hope. A growth mindset is particularly beneficial in forex trading, as it helps traders continuously improve their skills and adapt to market conditions. A trader with a fixed mindset might view losses as failures and feel discouraged, leading them to give up or stop learning from their mistakes. In contrast, a trader with a growth mindset understands that every trade, whether successful or not, is a learning opportunity. They review their trades, identify what went wrong or right, and adjust their strategy accordingly. This mindset fosters resilience, as traders understand that losses are inevitable in forex trading but can be valuable lessons if approached with the right attitude. Growth-minded traders also seek out continuous education, always looking for ways to refine their techniques, expand their knowledge, and improve their decision-making processes. Adaptability is another essential trait of a strong forex trading mindset. The foreign exchange market is influenced by a wide range of factors, from global economic indicators to geopolitical events and central bank policies. This means that no single strategy or approach works all the time, and traders must be willing to adjust their tactics as market conditions change. Rigidly sticking to a strategy that worked in a particular market environment can lead to poor performance when those conditions shift. Traders with a flexible mindset remain open to evolving their strategies, using new tools, and experimenting with different approaches while maintaining a disciplined and patient approach. Developing a successful mindset in forex trading is about much more than just controlling emotions or having a strategy. It involves cultivating discipline, emotional resilience, patience, and a commitment to continuous learning and adaptability. Traders who are able to master their mindset are better equipped to handle the volatility and challenges of the forex market, allowing them to make more rational decisions and, ultimately, achieve long-term profitability. While the technical and analytical aspects of forex trading are important, it is the psychological mastery that often determines who thrives and who struggles in the world of currency trading. By focusing on mindset, traders can improve not only their trading results but also their overall experience in navigating the ups and downs of the forex market. Within the next few days we will discuss on more of the topics above. Happy Trading! -FxPocket
OANDA:XAUUSDEducation
by FxPocket
2
Divergence: RSI vs. PriceHey everyone! In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE! Today, I took some time to put together an Educational Video on: 1) What a Divergence Is? 2) How to Spot them! & 3) How to Trade them! I hope you find this helpful! **Tips - Divergence is never good enough to trade alone, YOU NEED CONFIRMATION! - The longer the Divergence takes, the more reliable it is - Change in Momentum is KEY!
Education
by Novi_Fibonacci
6
GBPUSD Long 4.25.24 *Educational*First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the IB. A failed auction indicates trapped traders below the IB low, that were trying to short the breakdown. Step 3: Look for confluence to support your trade idea. You can see just below the IB we have the daily POC + VAL and a local golden pocket. So along with the failed auction of the low, we also tapped into 3 other support levels. Step 4: Enter your trade. Unfortunately, I can't show any time frame lower than 15mins bc of Tradingview's rules. But you can still see how I entered. It is simple, I wait for a 15min close back inside of the IB. Then I go on the 1min chart and look to see if the 1min trend is shifting in my favor. Id both of those criteria are met then I will enter my trade on the backtest of the IB.
by peytonfin2
2
📍Part 5: Corrective Waves - Simple - Triangle.Hello! ➡️In this lecture, we will cover one of the most common or popular correction options - triangles. I remind you that we are now considering various correction structures that are encountered both separately and can be part of more complex structures. ➡️Triangles are probably the most popular pattern for all beginners, yes, and not only beginners. It is quite often seen on the chart and most likely everyone tried to trade it according to classical recommendations, for example from books or a course, when essentially everything comes down to breaking dynamic resistance on one of the sides where you buy or sell. ➡️In history, everything looks pretty harmonious as usual, but in real-time, it turns out to be not that simple, and here maybe just the rules from wave analysis will help to avoid a certain number of errors. ➡️So let's take a look at the main rules and guiding norms for triangles! ✅ General Rules ✅ 📍A triangle always subdivides into five waves. 📍At least four waves among waves "a", "b", "c", "d" and "e" are subdivided into a single zigzag. 📍In a triangle, only one subwave can be a multiple zigzag or triangle. ✅ General guidelines ✅ 📍Usually, wave "c" or wave "d" subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves. 📍Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave "c" to equal 0.618 of wave "a". 📍A triangle can be correction wave "4" in the impuls, wave "b" of a zigzag, wave "x" of a double or second wave of an "x" of a triple zigzag, sub-wave "c", "d" or "e" of a triangle and the last structure of a combination. ✅ Contracting Triangle ✅ Rules 📍Wave "c" never moves beyond the end of wave "a", wave "d" never moves beyond the end of wave "b", and wave "e" never moves beyond the end of wave "c". The result is that going forward in time, a line connecting the ends of waves "b" and "d" converges with a line connecting the ends of waves "a" and "c". 📍Waves "a" and "b" never subdivide into a triangle. 📍In a running contracting triangle, wave "b" should be no more than twice as long as wave "a". Guidelines 📍Sometimes one of the waves, usually wave "c", "d" or "e", subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags. 📍About 60% of the time, wave "b" goes beyond the beyond the start of wave "a". When this happens, the triangle is called a running contracting triangle. ✅ Barrier Triangle ✅ Rules 📍Wave "c" never moves beyond the end of wave "a", wave "d" never moves beyond the end of wave "b", and wave "e" never moves beyond the end of wave "c". The result is that going forward in time, a line connecting the ends of waves "b" and "d" converges with a line connecting the ends of waves "a" and "c". 📍Waves "b" and "d" end at essentially the same level. 📍In a running barrier triangle, wave "b" should be no more than twice as long as wave "a". Guidelines 📍About 60% of the time, wave "b" goes beyond the start of wave "a". When this happens, the triangle is called a running barrier triangle. 📍When wave "5" follows a barrier triangle, it is typically either a brief, rapid movement or an exceptionally long extension. ✅ Expanding Triangle ✅ Rules 📍Wave "c", "d" and "e" each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves "b" and "d" diverges from a line connecting the ends of waves "a" and "c.") 📍Subwaves "b", "c" and "d" each retrace at least 100 percent but no more than 150 percent of the preceding subwave. Guidelines 📍Subwaves "b", "c" and "d" usually retrace 105 to 125 percent of the preceding subwave.
Education
by Hellena_Trade
2
📍Part 3. Motive Waves - Leading & Ending Diagonals.👩🏻‍💻Welcome to the 3nd lecture on Elliott Waves! ➡️In this lecture, I will talk about the Leading and Ending diagonals as the primary and most common variations of impulsive waves. We will also touch on the Expanding diagonal, which occurs significantly less frequently. Earlier, we covered the general concept of impulse and its structure. Now, I will specifically discuss the variations of impulses and, namely, for waves "1", "5", as well as corrective waves "A" and "C". ➡️Let's start with variations for the first wave in the impulse and correction. This is the Leading diagonal. This structure may remind you of an ascending triangle, and essentially, that's what it is. The first wave itself implies that before this, we were moving in the opposite direction. So, if wave 1 is ascending, it means there was a certain descending movement before it. And it's obvious that in this descending movement, sales prevailed. Thus, reversing the price in the opposite direction may not be so easy. In such cases, when it's not easy, we get not a sharp 5-wave impulse but a Leading diagonal, where conditional buyers, as it were, chew their way upwards. ➡️Next, of course, there is correction and further growth. The Leading diagonal can also be encountered in wave a of correction "ABC". And here, the logic remains the same since the correction goes in the opposite direction of the trend; we have significant support for demand. In our example, this is an ascending trend. Therefore, we don't get a sharp impulse, but gradually, and squeezing, which forms the structure of the Leading diagonal. ➡️As you already understand, waves "2" or "4" also have a correctional structure "ABC", where "A" can also be a Leading diagonal. And then, you can encounter the Leading diagonal in wave "1" and in wave "A", and since they reverse the direction of movement, the structure is not formed like a sharp impulse but more like an ascending triangle in the case of wave "1" and a descending triangle in the case of corrective wave "A". ➡️Moving on to the Ending diagonals. You can get them in wave "5" and wave c in the corrective structure "ABC". Here the principle is similar, as you might have guessed, to the case of wave "5". We see how the ascending movement fades, as if the buyers no longer have the strength to move the price, impulsively upwards, I remind you, we are considering an example of an ascending trend movement. ➡️You can encounter the Ending diagonal in wave "5" and wave "C". It turns out everything is quite logical and simple. Wave "1" starts the impulse, and wave "A" starts the correction. Wave "1" starts the impulse, and wave "A" starts the correction. In turn, wave "5" completes the impulse, and wave "C" completes the correction. ➡️Well, now we need to understand the rules for the Leading and Ending diagonals to determine them correctly. ➡️Now let's look at the rules separately for Contracting diagonals! 📍 Rules 📍 📍In the contracting variety, wave "3" is always shorter than wave "1", wave "4" is always shorter than wave "2", and wave "5" is always shorter than wave "3" (1 > 3 > 5 and 2 > 4). 📍Going forward in time, a line connecting the ends of waves 2 and 4 converges towards with the line connecting the ends of waves "1" and "3". 📍 Guidelines 📍 📍In the contracting variety, wave "5" ends beyond the end of wave "3" (only for the Leading diagonals). 📍In the contracting variety, wave "5" ends beyond the end of wave "3" or does not reach the end of wave "3": truncation (only for the Ending diagonals). 📍In the contracting variety, wave "5" usually ends at or slightly beyond a line that connects the ends of waves "1" and "3" (Ending beyond that line is called a throw-over). 📣This concludes the lecture on impulse waves. Save the images and practice. Next week I'll talking about the Corrective Waves - Simple - Sharp Corrections. 🔔 Links to other lessons in related ideas. 🔔
Education
by Hellena_Trade
1
📍Part #2, Elliott Waves: "Motive Waves - Impulse".👩🏻‍💻 Welcome to the 2nd lecture on Elliott Waves. So, Elliott Wave Theory suggests that price behavior follows a wave structure, with three waves being impulse waves and 2 being corrective waves. It can be said that these 5 waves look like the image above. ➡️For example, let's take an upward impulse, where the impulse refers to all these five waves. We observe the first wave of growth, then the second wave is corrective to the first, meaning the second wave is specifically a correction for the first wave. Next, the third wave is a growth wave, the fourth is corrective for the third, and the fifth wave concludes the impulse. Following the completion of the impulse or the five-wave sequence, a correction occurs in the form of A, B, C. ➡️This entire structure is fractal, meaning that if our upward impulse has three waves, and they are also impulse waves, such as the first, third, and fifth, and as impulse waves, as we already know, consist of five waves, then each impulse within this larger five-wave sequence has the same structure of five waves. Furthermore, in the correction A, B, C, waves A and C also have a five-wave structure, but more on that in the next lessons. ➡️If you ask about the timeframes to work with waves, I would say that the 1-hour timeframe is the threshold below which it is not recommended to consider the structure! Next, I will describe the basic rules and regulations concerning impulses in the form of pictures, which are convenient to save and use as a hint when analyzing charts. ➡️Now let's consider some rules that are mandatory for all impulse movements. Rules An impulse always subdivides into five waves. Strong guidelines 📍Wave A almost always will alternate with wave B. Alternation can be expressed in two ways: 1) In the type of correction: sharp/sideways or vice versa 2) In the presence of extension: in waves 2 and 4 of the impulse, two sideways patterns are possible, but only one of them will have an extreme beyond the peak of the previous wave. 📍Wave 4, as a rule, significantly violates the channel formed by the subwaves of wave 3. 📍As a strong norm, no part of wave 4 should enter the price territory of wave 1 or 2. 📍As a strong norm, the peak of wave 4 should not extend beyond the doubled channel constructed from the peaks of waves 1, 2, and 3, while the midline of the channel will serve as the minimum achievable target. 📍Second waves of impulses tend to go beyond the previous fourth wave. When using this norm, the previous fourth wave serves as the minimum target. 📍Sometimes wave 5 does not move beyond the end of wave 3 (in which case it is called a truncation). 📍Often, waves 1 and 5 of the impulse form impulses, but more often they alternate in the type of motive waves: if wave 1 is an impulse, expect wave 5 in the form of a diagonal, and vice versa. Less commonly, waves 1 and 5 form diagonals, but in this case, alternation will be expressed in the form of a pattern: contracting/expanding. So there are also many other lesser indications, but they are too numerous and less frequent. Therefore, I recommend that we focus on the main ones for the time being. 📣This concludes the lecture on impulse waves. Save the images and practice. Next week I'll start talking about the Leading and Ending diagonals. 🔔 Links to other lessons in related ideas. 🔔
Education
by Hellena_Trade
11
Pullback After Breakout Entry M15 ApproachIn this model, we define an approach that I personally use a lot, namely the creation of a demand or supply zone on the H4. In this case, we are observing a demand zone. Once the zone has been plotted on the chart, we wait for a retracement on the M15, and as soon as the market shows a structural change, in this case to the upside during the three London, pre-NY, and NY sessions, always considering to have the midnight open behind us, we can enter the market. The target will be the nearest swing high level, always considering to have at least a risk/reward ratio of 1.5. Best regards and have a good day everyone.
Education
by Forex48_TradingAcademy
2
Choch Entry & Liquidity Model | Trading StrategyIntroduction: The trading strategy "Choch Entry & Liquidity Model" has emerged as an innovative model in the financial domain, focusing on market entry and liquidity. This approach is built upon key principles aimed at maximizing returns and effectively managing risk. Fundamental Principles: The strategy relies on an entry approach known as "Choch Entry," which is presumed to provide precise trading signals based on specific indicators. This method aims to capture significant price movements through a detailed analysis of market data. Liquidity Management: Another distinctive element of this strategy is its focus on liquidity. The "Liquidity Model" seeks to optimize order execution, ensuring that the strategy can enter and exit the market efficiently, minimizing slippage and price impact. Practical Implementation: The practical implementation of this strategy requires a thorough understanding of financial instruments and indicators used in the model. Traders must be able to adapt the strategy to changing market conditions and constantly monitor key variables to make informed decisions. Risks and Challenges: As with any trading strategy, it is crucial to understand the potential risks and challenges associated with the "Choch Entry & Liquidity Model" strategy. Market volatility, sudden changes in economic conditions, and other factors can influence outcomes. Conclusions: The "Choch Entry & Liquidity Model" trading strategy represents an intriguing approach that combines targeted entry with careful liquidity management. Its effectiveness depends on the trader's proficiency in consistently and flexibly applying key principles, adapting them to the changing dynamics of the market.
Education
by Forex48_TradingAcademy
[EDU] Why doesn't Market goes in a straight line? 3 Reasons WhyHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. 1. Market Psychology and Greed/Fear Dynamics Trader psychology plays a significant role in market movements. As prices rise, greed may drive buying, causing the market to become overbought (likewise when market is down). Eventually, fear sets in as traders worry about a potential reversal. This fear can lead to profit-taking and trigger a pullback. This can happen at previous supply demand zone,pivot points, whole or quarter numbers etc) 2. Profit-taking - Traders who entered the market early in the trend may decide to take profits as the price moves in their favor. This selling activity can lead to a temporary pullback as these traders exit their positions. 3. Fundamental Factors - Economic events, geopolitical developments, or changes in market sentiment can trigger profit-taking or reevaluation of positions. Unexpected news or data releases may prompt traders to adjust their positions, resulting in a temporary pullback. (E.g. ECB or FED Speeches, unexpected rate changes not aligned with expectations, outbreak of diseases/wars) Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Education
by Shadowing_The_Big_Boys
USDCAD POTTENTIAL SETUPS FOR THE WEEK.1. Identify the Current Trend: Begin by assessing the current trend of the USDCAD pair. Is it in an uptrend or a downtrend? Trends can be identified by drawing trend lines or using technical indicators as observed our current trend is shifting to the bearish setups 2. Spot the Change of Character: To anticipate a potential change in character, you should look for signs of exhaustion or reversal in the existing trend. When we have Brocken the lower high of the previous run 3. Wait for Deeper Retest: After identifying potential signs of a change in character, it's important to be patient and wait for confirmation. This often involves waiting for a deeper retest of key support or resistance levels. A deeper retest means that price retraces further into the prior trend, offering a clearer confirmation signal. 4. Confirmation of New Trend: To confirm the change of trend, look for the following: Breakout: Once the retest is complete, watch for a breakout above a significant resistance level (if anticipating a reversal from a downtrend). The breakout should ideally be accompanied by increased trading volume. 5 Higher Highs and Higher Lows: Observe if the price starts forming higher highs and higher lows. This pattern is characteristic of an uptrend and indicates a potential change in character. 6. Monitoring and Adaptation: Keep a close eye on the market once you've entered a trade. Continuously monitor price action and adjust your strategy as needed based on emerging developments.
Short
by DIGITALASSETSINC
1
USDCHF SellAs usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have seen a inverted hammer pattren and waiting to break below that and show us another signal for shorting baised
Short
by Wakeel_Saab
Gold xauusd Intraday Signal 06-09-23What a day of twist n turns. Well we are happy to get that second lot chance to tp 1952 and 1945 at 1935. A lottery that gave 100 and 170 pips in bonus. This is the result of taking 2 lots every time. Get one TP at 50pips to relax your nerves and feel nourished and keep other on BE for a chance to get some more pips. Trust me once or twice a month you will enjoy this bonus as we did rite now. Ok for the next session, nothing is clear. Price is at the bottom but SMAs in H4 TF has already crossed and about to initiated Golden cross, H1 is already bullish but with a slight bend and the momentum has gone bearish. Still there are chances of a speed buy to come as it happened for a while from 28 to 34 in minutes but halted. I simply don’t have a clear vision for a LRS or LRB. So the day might end up in observation and waiting. I will wait for the Sma44 and Sma200 to join at one of the fibbo level to make a SNR for the day and then might choose an entry if the price tests them as support or resistance. However SMC is indicating 1938 and 1946 sell area in H1 and 1915 buy area in H4. Lets wait and watch which one comes first. Take care.
FXOPEN:XAUUSD
by wajidalikhan2123
2
Gold xauusd Intraday Signal with Technical analysis 30-08-23This week is weak! In three days two BE and one TP. Well, even then it is good to go. Today my PO missed at 1925.78 and the price went straight down to 1914, I call it a bad luck as my PO was at 1926, well other fellows who were watching the chart took sells from 1925-23 and picked good profits. Thank GOD. Eventually price came to the target area again and a SL was hit from 1930 to 1935 then taken a sell again at 1937 lets C what Wednesday brings to it. A HRS is still there for Wednesday session at 1937-39 area. As H1 is in uptrend so waiting for a buy position at 1923-24 area between 61.8% 1922 and 50.0% 1925 will be a good point to choose. We should not take a buy position above this SNR as retracement is always due, so price may come to this area most probably. Secondly 23.6% 1932 cannot be ignored as price may take support from this area and move above, but this buy entry will HRB provided over sold conditions with saturated price action may cause a SL hit at this point. So we should play safe as much as possible. Good Luck. These two patterns looks promising to me. NOTE:- Please listen to the whole video. I often speak more than what is written here.
FXOPEN:XAUUSD
by wajidalikhan2123
Gold XAUUSD Intraday Signal 24-08-23What a day! Bending of trend was located, bullish segment was smelled, positions were taken, all seems set but … Stop Loss Hits. Well Profit & Loss is part and parcel of trading but we must learn from our mistakes. However there was no flaw in work plan. Sell was taken at 1905 and at times it went 1901 but reversed, we BE it and it was hit. We re entered again but this time it didn’t gave us the time to BE and SL was hit. Its ok, it happens, We have lost one out of fifteen trades. That is a good ratio. The point is not to go into revenge trading and not to loose discipline and patience. Stay in the market and trade next day. Finally the fearful night ends and lets go back to our business. I see a good sell opportunity at 0.0% from 1919-21 area and as retracement is always due, we might test 1913 first at 23.6% if this support is broken then 1908 at 38.2%. A buy chance is between 1905 50.0% and 1908 38.2% provided sma44 intercepts the price in this range. Note one thing more that in H1 sma44 have almost crossed sma200 and a golden cross may occur between the range 1905-08 as discussed above. This situation added more support to the buy area. If we see larger TF like D1 price is above sma200 at 1908 and nearing sma44 at 1931. My W1 ascending trend line is crossing at 1923. A major drop can also happen from this area. So be careful in both entries, follow my break/rejection rule to make an entry. Lets hope for the best to occur in our favor. Good luck, Take care.
FXOPEN:XAUUSDShort
by wajidalikhan2123
Trading precision!Please search for my previous post, where I anticipated the last available effective demand zone and how important it was. Sure enough, price reacted on Friday and it's already taking H4 highs as mentioned. This is not a flex, as it's possible to do this very often with high precision, but an attempt to demonstrate how important it is to have a clear analysis and the ability to read price. This way, you'll always know what to do, even when you're wrong and when that happens, it doesn't feel painful because you know exactly what's going on. FULL DISCLOSURE: I did not hold the position over the weekend, I closed it on Friday and took another long yesterday based on the same idea. How you manage the position is a different topic.
Long
by CirculoForex
CHFJPY Short setup with entry point!Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions, I'll wait for a significant retracement to the level of 163.80, where we have a Breaker Block on the M15 timeframe. If the price reaches this level with an M15 candle showing no pin, no doji, and with volatility lower than 10 pips, we could consider a long entry. Of course, as the initial confirmation of a descent towards our entry zone, the market will need to confirm with breaks on the M15-H1-H4 of the Swing Low on the H4 timeframe at the level of 164.86. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
2
GBP/JPY Is there another long trade?Good morning traders! On GBP/JPY, we have a new long setup following Friday's trade. The price seems to have reacted overnight in the highlighted yellow key zone at the 183.62 level, where there's a high concentration of orders and a strong potential for a reversal. Today, there are no significant macro data updates expected, so I anticipate a possible retracement to the 183.50 level. There, I will evaluate re-entering the market long with a potential target at the 184.300 level. Of course, I'll always await my strategic confirmations: an H1 close above the point of control (POC) with an immediate market reaction. Comment and leave a like to support our efforts. Have a great day, Nicola the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
EUR/USD LONG SETUP WAITING NFPOn EUR/USD, we have a bearish setup with the price approaching the 1.0996 zone, where we encounter a strong resistance/support area supported by a demand zone in the H4 timeframe and a bullish trendline. At this point, the price could potentially rebound, with a possible target at 1.15, considering that the dollar is expected to adopt an extremely restrictive policy in the coming months, while the Eurozone might raise interest rates to at least 5%. I would appreciate your thoughts on this analysis. Happy trading to all!
Long
by Forex48_TradingAcademy
1
XAUUSD SHORT SETUP BEFORE NFPOn XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the expected scenario is a strengthening of the dollar, causing the price to decline to around 1950 in the second scenario and 1910 if the price reverses in the first transparent block. Therefore, the price could potentially break the bullish trendline. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
2