Get started

Forexeducation

NZDCAD 11/4/19NCAD Short Idea DAILY TF Overall higher timeframe price action has been bearish and we will be looking for potential short opportunities around key resistance Current price action has currently rejected the 38.2% daily fib level and weekly resistance around 0.85000 Another entry opportunity could present itself soon on a lower time-frame retest/retracement Look to target toward the monthly support level around 0.82500 followed by a target of the -27% daily fib level around 0.80650
Short
by ForexLeague
EURUSD FED Decision At the beginning of the day, EURUSD is trading in the range, in anticipation of the FED announcing its interest rate decision later today. Currently EURUSD is trading at 1.1115. The US monetary policy meeting will end today and markets expect the FED to cut interest rates for the third time this year, amid trade tensions affecting US economic growth. Over the last few days, the dollar has gained ground against major currencies amid rising hopes of a US-China deal. However, an administration official said the deal may take a little longer to finalize and sign.
by ForexTrendline
AUDCHF – Buyers getting stronger (waiting for news)AUDCHF – Buyers getting stronger (waiting for news) Trend:Strong Buy Support/Resistance: R3: 0.68791 R2: 0.68502 R1: 0.68292 S1: 0.68205 S2: 0.68006 Price action: Buyers are ready to break higher by showing strong momentum. Till the news are not reliased, we can't know the next move in any way (recommended). Potencial trade idea: Bulls targets: T1: 0.68502 T2: 0.68791 NOTE – We are trading AUDCHF via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
1
EURCAD – Sellers trending continuationEURCAD – Sellers trending continuation Trend: Sell/Neutral Support/Resistance: R2: 1.45330 R1: 1.44905 S1: 1.44756 S2: 1.44357 S3: 1.44205 Price action: This case might be for amaterur very tricky. As you can see buyers didn't give us reaction, so the next target for sellers is recent Lower Low and might be even deeper to 1.44357 level. Potencial trade idea: Bears targets: T1: 1.44357 NOTE – We are trading EURCAD via the preferred trading setups by EliteFxAcademy
Education
by MP4
USD / JPY How to trade Head & Shoulders?First of all, head and shoulders is a reversing trend formation! Second, there are two types of formations - Head and Shoulders and Reverse Head and Shoulders! Head and Shoulders may be at the end of an uptrend, while Reverse Head and Shoulders may be at the end of downtrend! As i mentioned, H&Sh is reversing trend formation! So if we talk about uptrend, we have to see Head & Shoulder, not Reverse Head and Shoulder! In USDJPY case, we have Reverse H&Sh. So, how to trade it? Draw a neck line on the left and right shoulder. Wait until neckline break and test it. Always is better to test the line. (Sometimes the price will not allow for a line test, then we may just miss trading the figure.) If we have a good entry point, we are making a deal. There are two places to put the Stop Loss: 1. Below right shoulder - more secure! 2. Below neckline breakpoint - less secure! Something very important - Stop loss is always placed under the tail of the candles, so before entering into a deal, check that the risk / profit ratio is profitable! Take Profit - Measure the height of the head and project at the breakthrough point, not the point of entry into the deal (there is a difference)! Take out 10% and put the Take Profit! Thank you for your time! If you like my work, please Like, Subscribe and leave your comments! Thank you, once again!
Long
by ForexTrendline
AUDJPY DAILY 10/20/19 AUDJPY Short Idea Price action has been primarily bearish on higher time-frames and we will continue to look for potential short entries Current price action is at key daily resistance around 74.500 as well as the daily 61.8% fib level Ideally we would like to see a strong bearish signal at this level before targeting lower. A bearish engulfing or evening start would be prime confirmation and would solidify a daily double top pattern Look to target toward the weekly support around 70.00 as well as the -27.2% & -61.8% fibb level
Short
by ForexLeague
Buy Limit CAD/NZD @ 1.1870Buy Limit CAD/NZD @ 1.1870 SL - 1.1800 (-70 pips) TP1 - 1.2040 (+170 pips] TP2 - 1.2100 (+230 pips) Fundamental Analysis i. 10.15.2019 COT Reports show ~67,000 orders from non-commercial entities (Banks) Longing the CAD and ~56,500 orders shorting the NZD. ii. 2Y Canadian Bonds show a Bearish trend. iii. If the price of the 2y Bond goes down, the Yield goes up. If Yield goes up, the price goes up. Technical Analysis iv. Daily chart shows Support @ 1.1855 and Resistance @ 1.2050. v. To play it safe and get a cheaper price; 4H chart shows a good level of entry just above the 1.1855 Support between 1.1860 and 1.1880, hence the buy limit @ 1.1870. vi. Fibonacci Retracements from the swing low to the swing high show the 1.1855 Support right in between the 0.236 and 0.382 levels. vii. SL placed @ the 0.382 level (1.1800). *Thought about placing SL at the 0.05 level of 1.1695 but due to the quality of information from the COT reports i didn't see a necessity for it. Hopefully I'm right. *fingers-crossed* viii. TP1 placed 10 pips below the 1.2050 Resistance (1.2040). ix. TP2 placed 10 pips below what looked like another resistance just below the 1.2128 swing high.
Long
by aromanFX
EUR/JPY Are 4 resistances enough?The currency pair EURJPY is in downtrend form many days, the reason is partly because of the drop in the EUR and a rise in JPY. Now we see 4 resistance from downtrend, horizontal level, fibo and so on. But also there is forming a new trend in the border of old one! We see a bottom around 116.00, after that the price forming a top around 119,70, The next bottom is higher from previous, and the next top too. This is first indication when the new trend is forming! Who will win?
by ForexTrendline
AUDJPY LONGI like this set up for multiple reasons. My confluences are : Bearish structure has been broken 62% on Monthly fib 70% on weekly fib Red box = Mitigation zone on smaller time frame. Discounted price for a buy Accumulation Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high probable trade set up. This is a trade i have been holding now since 9th October and intend on holding this taking partials along the way. Really like this set up so so lets see what happens! For my educational ideas and market outlooks please click the link in my bio and get free access.
Long
by LitCap-Vell
1
GBPAUD 4hour 10/14/19GBPAUD Long Idea Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up with the 38.2% 4hour fib level Our target will be the monthly resistance around 1.87250 followed by our target at the -27% fib level around 1.885
Long
by ForexLeague
NZDCAD DAILY 10/13/19NZDCAD Short Idea Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be indication to short after a confirmed rejection from this level. We will look to target the -27% daily fib and weekly support around 0.8650 & 0.80250
Short
by ForexLeague