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Our EURAUD Forecast is Bullish/Buy!Dear traders, Here is your EURAUD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the AUD stands at “0”, meaning that the EUR is stronger than the AUD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at white line labeled "Buy limit 1" (with a 1% risk position size) Our 2nd BUY Limit is placed at white line labeled "Buy limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
Our EURGBP Forecast is Bullish/Buy!Dear traders, Here is your EURGBP Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the GBP stands at “3”, meaning that the EUR is slightly stronger than the GBP, thus only looking for BULLISH /BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our 2nd BUY Limit is placed at white line labeled "Sell limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
2
Our NZDUSD Forecast is Bearish/Sell!Dear traders, Here is your NZDUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the USD stands at “6”, and the NZD stands at “1”, meaning that the USD is stronger than the NZD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our 2nd SELL Limit is placed at white line labeled "Sell limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
6
USDCAD Taps into first Serious Resistance Zone; Expect Pullback!Although we are ultimately super bullish on USDCAD, and believe USDCAD will reach monthly extreme highs at some point in the long term/year future, the pair has now tapped into a serious weekly resistance zone. The zone's upper bound is about 60 pips higher from current price, so there is still some little room to the upside the the pair can get into. For those looking for shorts; 1.3000 price (found with the zone) is a good area to open shorts, with stops slightly higher the upper bound of zone. From our side, we will sit the expected pullback out, and wait for a renewed bullish leg. Thank you. Trade smartly.
Short
by Deeppoketz
2
Our USDCHF Forecast is Bullish/Buy!Dear traders, Here is your USDCHF Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the USD stands at “6”, and the CHF stands at “5”, meaning that the USD is slightly stronger than the CHF, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at white line labeled "Buy limit 1" (with a 1% risk position size) Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
Our CADJPY Forecast is Bearish/Sell! Catch H&S Reversal PlayDear traders, Here is your CADJPY Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “2”, and the JPY stands at “7”, meaning that the JPY is stronger than the CAD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our 2nd SELL Limit is placed at white line labeled "Sell limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; Daily Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
Our GBPJPY Forecast is Bearish/Sell!Dear traders, Here is your GBPJPY Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the JPY stands at “6”, meaning that the JPY is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
Our GBPUSD Forecast is Bearish/Sell!Dear traders, Here is your GBPUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “5”, and the USD stands at “6”, meaning that the USD is stronger than the GBP, thus only looking for BEARISH /SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our 2nd SELL Limit is placed at white line labeled "Sell limit 2" (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled "TP 2" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
1
USDCAD Forecast is Bullish/Buy!Dear traders, Here is your USDCAD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “3”, and the USD stands at “7”, meaning that the USD is stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at white line labeled "Sell limit 1" (with a 1% risk position size) Our final Take profit is placed at white line labeled "TP 1" Our Stop Loss is placed at red line labeled "Stop Loss" Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
1
MARKET STRUCTUREWhat is Market Structure? Market structure by definition is the simplest form of price movement in the market and is being to read it. It is basic support and resistance levels on the charts, swing highs, and swing lows. These are levels, which are easily identified and hold until they don’t. Market structure is a trend following tool that traders read and follow based on how an asset moves. From bullish moves, to bearish and in between with ranges. Market Structure is often referred to as Price Action. We refer to this study as market structure because it’s how the whole market moves. Understand the trend and the anticipated moves and then you can add other criteria to your trade qualifiers. Like volume, pivot points, moving averages, and more. Which we will talk about slightly at the end of this discussion. Types of Market Structure 1.Bull trend 2.Bear trend 3.Sideways trend Bullish Trend No matter which way you look at a chart you will find a trend of some sort. Regardless of what the timeframe is you can find a trend. The key for the bullish trend to hold out is for consistent higher highs and higher lows. There are two key criteria here and understanding how they move will allow you to understand when that trend is over! The higher low aspect is the first part. When price pulls back from a push higher will it create a higher low? The worst-case scenario is that we form an equal low that is still considered the bull trend holding. There is a caveat in this circumstance. Will the price make a new high off that base? Should the trend make a new high, the trend will continue. Should the move fail to make a new high then you have to be cautious on the next test of support. That means it’s pivotal for the trend to at least make an equal or higher low to have a chance of continuing.
OANDA:XAUUSDLong
by nicotj
1