Forexeducation
us30usd forex technical analysis sell/short opportunity us30usd forex technical analysis sell/short opportunity. I have been seeing this same trend for the past week!
EURCAD LONG POSITION INCOMING!! Hi Guys, todays outlook is on EURCAD and we here at Safe Trade Academy are looking for long positions on this trade as we have the following confluences:
*daily break of structure and break and retest of consolidation
*h4 we are uptrending so just trading with the trend, also had an impulse followed by a coil and the institutional candle has also not being retested
*fib levels confirm our entrys and targets
*our eurgbp bias supports the long position
DXY Forex Forecast and Analysis - Smart Money Concept - AFTERThis is the aftermath of the DXY projection that was made on Monday. We see that price has traded into the daily order block as expected. So there might be a reaction at this level.
descending triangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
In this case, the price ended up breaking above the top of the triangle pattern.
After the upside breakout, it proceeded to surge higher, by around the same vertical distance as the height of the triangle.
Placing an entry order above the top of the triangle and going for a target as high as the height of the formation would’ve yielded nice profits.
after the collectionprice has broken the neckline
after the retracement i expect the price to continue rising
symmetrical triangleA symmetrical triangle implies that the market cannot decide whether to break up or down.
Once the triangle is broken by the price, there may be a substantial move in the direction of the break.
Symmetrical triangles can be used to interpret large breaks in price.
If the price breaks through the triangle to the downside, there may be a large move down.
Similarly, if the price breaks through the triangle to the upside, there may be a large move up.
who to trade head and shoulder patternA head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder).
A “neckline” is drawn by connecting the lowest points of the two troughs.
The head is the second peak and is the highest point in the pattern. The two shoulders also form peaks but do not exceed the height of the head.
With this formation, we put an entry order below the neckline.
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
AUD is Weaker, USD is Stronger: AUDUSD Short!All information is provided in the video. Trade smartly. Trade with the current market momentum.
XAU/USD GOLD BuyOANDA:XAUUSD
Summary
Daily - bullish
4hr - was in a range. broke and closed above the range. Went to LTF to look for an entry.
1hr - was waiting for the new candle to break the previous 1hr high but it did not and formed a weak resistance.
30m - price starts ranging.
Execution:
1hr - placed a buy stop above the 1hr candle anticipating the Pre NY volume to push the price higher. after 2 hours of waiting, around 6.50pm price starts moving up and my buys got activated with the Sl below the 30m candle.
secured 13 pips. Price moved 33 pips
XAU/USD GOLD BuyOANDA:XAUUSD
Overall pic -
1. Daily was bullish.
2. 4hr in a range and just reached at the top of the range.
3. 1hr- closed a strong bullish candle.
4. 15m candle closed bearish creating a resistance.
5. Entered a buy when the new 15m candle broke the prev 15m candle high anticipating for the price to break the range and continue bullish with the London open Volume. Sl was placed below the previous 15m candle.
6. Price moved 34 pips. secured 6 pips.
XAU/USD GOLD BuyOANDA:XAUUSD
1. 1 hour candle closed bearish.
2. Resistance was created. so was looking for a sell if the new candle breaks the prev candle . W
3. Went LTF to look for a entry.
4. However, candle did not break the low.
5. Instead, a support was created in 15m.
6. Took a buy when the candle breaks the 30m high and secured 9 pips.
Its not about making huge gains. It is about making consistent gains even if it is small.
XAU/USD GOLD BuyOANDA:XAUUSD
1. Price was very bullish so was looking for an entry for a quick scalp.
2. Took a buy when a support was formed in the 15m TF and broke the high in the 30m TF to test the high.
XAU/USD GOLD Buy1. clean candles to the left OANDA:XAUUSD
2. price was in a range (1hr TF)
3. Took a buy when the 1hr candle broke the prev high.
4. secured 6 pips
wait for the break of stucturepossibilities if the price break the structure. but for now, we continue watching
how to trade double top the price failed to break the previous HH.
IF THE PRICE BREAKS THE NECKLINE OR PREVIOUS HL I EXPECT THE PRICE TO FALL
GBP/USD: Short Term Buying OpportunityCurrently, GBP/USD bounced off a minor support level at 1.3800, and is approaching the recent resistant level at 1.4000. Placing a buy stop a few pips above the recent candle and taking profit on the nearest high is highly suggested.
GBPAUD - Bullish/Buy prices you should be aware of!Dear traders,
Here is your GBPAUD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the AUD stands at “1”, meaning that the GBP 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 1.8076 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.7958 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.8917
Our Stop Loss is placed at 1.7806
This is a 600 PIPS trade - Risk Reward 1:6
Chart Timeframe; D1
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Trade Smartly.
GBPNZD Forecast - is Bullish/Buy!Dear traders,
Here is your GBPNZD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the NZD stands at “0”, meaning that the GBP is stronger than the NZD, 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 1.9551 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.9494 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.9964
Our Stop Loss is placed at 1.9452
This is a 450 PIPS trade - Risk Reward 1:10
Chart Timeframe; H4
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Trade Smartly.
EURJPY Forecast - is Bullish/Buy!Dear traders,
Here is your EURJPY Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “5”, and the JPY stands at “1”, meaning that the EUR is stronger than the JPY, 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 133.05 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 133.88 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 134.24
Our Stop Loss is placed at 132.66
This is a 120 PIPS trade - Risk Reward 1:6
Chart Timeframe; H4
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Trade Smartly.
