Free Forex Signal and Forex Analysis on CAD/JPYThere is already a shift in market structure based on the 1-hour timeframe, Hence, we expect the price to go to the downside to at least the 79% Fib level. We want to see the price meet all requirements before thinking o taking trades. Based on the H1 analysis, there is already a break in market structure also which indicates that price is about to change direction so we wait for our confluences to enter the sell trade.
Since we have seen a shift in market structure, or a failed swing, as well as a breaker, we wait for the price to return to our point of interest which is return to breaker or return to order block. But in this case, we wait for a return to order block and in this case, we will be waiting for price to reach the 5 minutes bearish order block then we will be looking to go short.
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Huge downside potential for GJ, find out why here...Hey guys hope you are all well! I have a nice clean GJ set up here ready to start the week strong!
Strong support identified on the Daily timeframe @143.00
Intraday support formed on the 1H timeframe @144.300
Range identified on the 1H / 30 minute timeframe.
On Friday last week, the daily candle closed bullish. Price reached 144.900 before starting to reject the area (more clearly seen on the 4H chart).
Moving down the the 4H timeframe, there are clear candles rejecting 144.900, but price action does not give enough information to gather an opportunity to get involved in the market.
On the 1H timeframe, price action is more clear, I can see where the market had bounced off the intraday support level @144.400 during the London session and the bullish momentum was still in full pace all the way through the NY session where GJ has created a fresh yearly high (144.900), from looking at the 1H timeframe I can also see more clearly how the 4H bearish rejection candles formed.
A range has also been identified on the 1H timeframe which had formed leading up to market close on Friday.
I expect GJ to breakout of the range to the downside to at least 144.290 to perform a correction after setting a new yearly high. It is all down to how the market plays out during tonight's Asian Session and tomorrow's London and NY sessions.
Let's smash this week plenty of opportunities ready to capitalise on!
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USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GBPNZD short trade on the move ↘️✅📉Hello traders.
Before I logged off for the day I just had to get this idea out for GBPNZD short trade which has made the right move so far.
This pair got me an editors pick on a previous idea and as a results holds good vibes for me. That idea can be found in the link at the bottom of this.
We are working the 45M chart here using our strategy is set to a 1:1.7 risk reward ratio.
The strategy in use simply sits in your TradingView and can be set to how you want to trade.
The strategy is a trend follow strategy and we simply enter trades when they are alerted to us.
In this case I am working to a take profit target of 113 pips and have a stop loss set at 60 pips.
How do I know this method of trading employed works on the pair in question?
The strategy we use comes complete with a built in back tester.
The way I have the strategy set up to trade this pair I know from the back test data the pairs past performance trading in this manner.
That data can be found at the foot of this idea. Data is based on £2000 starting capital with 2% risked. The data tested is a full years worth of data but can go back further.
Having the data of 83% profit and 48% win rate based on 86 previous trades gives me great confidence to go and execute trades in the market place using the strategy I have applied.
I don't recommend jumping on random trades found on TradingView as that is no clear trading plan and consistent results wont be achieved.
Instead take the time to press the sub menus on the data show below and noticed how every trade is also logged and accounted for by the tester.
It's this level of clarity and having a robust trading plan that gives consistent results.
For any more information on the strategy in use please feel free to drop me a message.
GBPUSD - UPDATE & TRADE FORECAST Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GBP/JPY 1HR LONG Trade was analyzed on 1hr time frame and trade was taken based on 30m time frame.
Trailed the stop loss in 5m time frame as the candle did not break the previous low. At this point, it was a risk free trade. Even if the SL stops me out I would have been in 2 pip profit.
Closed the trade fully when the 5m candle broke the previous candle's low. Closed in 7 pip profit. Didin't want it to hit my TP.
Price then continues to go back up hitting my original TP.
AUDUSD - FULL ANALYSIS BREAKDOWN !!Its great to be back on treading view everyone after a long Christmas break.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
Trade Update #forexMy attempted reversal trade in the usd/cad has gone against me and is nearing my stop. On any close below 1.2625 I will be out of this position. I was confident that the rate of change move and the big bounce early in the week had the makings of a larger trade to the upside but so far now luck. Part of me wants to reverse from long to short on the breakdown but I have learned that sometimes its best to just take a loss and wait for a proper setup instead of trying to revenge trade
AUD/USD chart analysis for the week. (my thoughts)Well, was patiently waiting for the market to break out of the wedge on the 4 hour chart and finally did at 0.76202, now we have a retest of major support at 0.76450 which indicates a strong buy signal. According to my plan, there are some confirmatory signals as well to back up this analysis such as, the market being above the 200 day period moving average on the daily chart indicating a long term uptrend, and also the retest that happened on the 4 hour chart that i have just talked about. have already entered this trade. Please let me know about your thoughts on this pair
AUSUSD - Full Analysis Breakdown Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
AUDUSD - FULL ANALYSIS BREAKDOWN & UPDATE !!Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
AUD_NZD_LONGS, NOV 25 NEWYORK SESSION-4hr BMS possible push to the upside
-1hr OB
refined PDA to the 15min and 5 min
-looking to sweep those eye highs
-r;r 7:1
-looking for SH, BMS, RTO for entry
- speculating price action live
THIS IS JUST A TRADE IDEA. TRADE AT YOUR OWN RISK. TRADING INVOLVES losing MONEY AND RISK. YOU ARE HELD RESPONSIBLE FOR YOURSELF. USE RISK MANAGEMENT WHEN TRADING.
AUDUSD - THE TRADE IS ON!!Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD. Last week at some point it did send out a analysis breakdown on this pair expecting the pair to short. We are approaching structure break points keep a close eye on this pair for the swing short.
If you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel.
Trade Safe
Alpha Trading Group.
GBPUSD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD. We have a large supply area that has been highlighted on the Monthly & Weekly timeframes. Fundamental factors such as COT date is also suggesting shorts. However this is not reflecting on our charts just yet.
If you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free education please like and follow the channel, we do post daily educational content.
Trade Safe
Alpha Trading Group.
GBPNZD - Full Analysis Breakdown & UPDATE Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPNZD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
XAUUSD SHORT TRADE SETUPThe weekly right side is up against the 1040 lows from December 2015. The daily right side is up against the March 2020 lows at 1450. The 4 hour is turning down against the August highs at 2072. While below 1965 high from 11/9/20 where the hourly is turning down Gold can continue to correct the cycle from the March lows.
SELL XAUUSD
@1910-15
TP: 1850-1820
SL: 1940
GOOD LUCK !
GBPJPY - FULL ANALYSIS BREAKDOWN Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.