Forexeducation
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.
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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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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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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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 “4”, 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 1.2174 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.2157 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.2245
Our Stop Loss is placed at 1.2125
This is a 80 PIPS trade - Risk Reward 1:2.6 (THIS TRADE CAN BE HELD TO MONTHLY HIGHS)
Chart Timeframe; H4
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GBPCAD Forecast - is Bullish/Buy!Dear traders,
Here is your GBPCAD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the CAD stands at “5”, meaning that the GBP 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 1.7128 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.7099 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.7237
Our Stop Loss is placed at 1.7067
This is a 150 PIPS trade - Risk Reward 1:4
Chart Timeframe; H4
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EURGBP Forecast - is Bearish/Sell (Euro shall Sink)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 “6”, meaning that the GBP is stronger than the EUR, 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 0.8597 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 0.8614 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 0.8529
Our Stop Loss is placed at 0.8636
This is a 85 PIPS trade - Risk Reward 1:3.8
Chart Timeframe; H4
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AUDNZD Forecast - is Bullish/Buy (Aussie shall Rise)Dear traders,
Here is your AUDNZD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the AUD stands at “2”, and the NZD stands at “1”, meaning that the AUD 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 1.0728 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.0704 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.0923
Our Stop Loss is placed at 1.0664
This is a 200 PIPS trade - Risk Reward 1:5
Chart Timeframe; H4
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GBPCHF Forecast - is Bearish/Sell (Sterling shall Sink)Dear traders,
Here is your GBPCHF Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the CHF stands at “7”, meaning that the CHF 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 1.2678 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 1.2697 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.2554
Our Stop Loss is placed at 1.2720
This is a 130 PIPS trade - Risk Reward 1:6
Chart Timeframe; H4
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NZDUSD Forecast - is Bearish/Sell! (Kiwi shall Sink)Dear traders,
Here is your NZDUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the NZD stands at “2”, and the USD stands at “3”, 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 0.7213 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 0.7226 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 0.7123
Our Stop Loss is placed at 0.7244
This is a 100 PIPS trade - Risk Reward 1:5
Chart Timeframe; H4
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AUDNZD Forecast Update - Nothing Changes: Short/Sell!Dear traders,
Here is your AUDNZD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the AUD stands at “1”, and the NZD stands at “3”, meaning that the NZD is stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st SELL Liimit is placed at 1.0728 (with a 1% risk position size)
Our 2nd SELL Liimit is placed at 1.0762 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.0488
Our Stop Loss is placed at 1.0803
This is a 200 PIPS trade - Risk Reward 1:5
Chart Timeframe; H4
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EURUSD Forecast - is Bullish/Buy!Dear traders,
Here is your EURUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the USD stands at “2”, meaning that the EUR is stronger than the USD, 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 1.2140 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.2102 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.2322
Our Stop Loss is placed at 1.2058
This is a 200 PIPS trade - Risk Reward 1:5
Chart Timeframe; H8
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