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Forex analysis looking at the GBPUSD 1.30 the bottom?I am looking at the GBPUSD on a daily chart. It looks a lot better after holding 1.30 support levels and then the breakout. I would like to see a nice break above 1.32 resistance and go from there to really determine if the pound is really ready to turn thing around. Next would be 1.34. We can look back in the past and see levels of support are now resistance and also the lower highs and lower lows confirming the downtrend. I do not trade forex much these days but I still look at the major fx pairs daily just to see what's going on. Edit. In my pink bubble I wrote .132 but of course it is 1.32
Long
by Dancharles
Three Black Crows Candlestick Pattern 📉📉📉Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. ✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal. ✅ Three Black Crows Explained Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend. ✅ Limitations of Using Three Black Crows If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement. Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow. Do you use this candlestick pattern ?
BITFINEX:BTCUSDEducation
by AnonimFXRO
Trading Aspects to Master 📉📉📉🎯 Analysing To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets. Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc 🎯 Risk Management To survive in this game you need a very strict risk management, you will pass hard times and your account will survive. Risk Management rules should include : Risk per trade Session Risk Daily Drawdown Limit Weekly Drawdown Limit Monthly Drawdown Limit You have to know your numbers, start small then grow. 🎯 Entries Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence. Was this information valuable ?
OANDA:XAUUSDEducation
by AnonimFXRO
Intra-Day Strategies 📉📉📉Today i will share with you types of intra-day strategies that can work in every market no matter if it's forex/stocks or crypto. 📊 Reversal Strategy Buy close to the support (demand area) and sell from the resistance (Supply area) for the reversal move 📊 Patterns Buy/Sell using different technical patterns such as Wedge,Triangle,DoubleTop Double Bottoms, Head&Shoulders 📊 Moving Averages Using MA to understand trends and cross-overs, basically you have to LONG when price is above EMA/MA and vice-versa 📊 Pullbacks When a new's event makes a big movement such as CPI,NFP, Unemployment but then a correction move happens 📊 Gap Up/Down Trading Gap's Up/Down basically they appear during fundamental release or fundamental context when the market is closed, it's basically a big discrepancy between buyers and sellers What is your intra-day strategy
OANDA:XAUUSDEducation
by AnonimFXRO
Tips for Trading Currency Pairs ✅📉 Trading Currency Pairs I will try to explain in this post what you should look at when you are starting trading the Forex Market (Currency Market ) ✅ Choose Liquid Pairs Choose liquid pairs so you will have all your orders filled easily, dont trade pairs with low Liquidity as those can impact your trading results. EURUSD / GBPUSD / AUDUSD / NZDUSD etc and don't trage USDZAR / USDRON / USDBRL and other exotic pairs ✅ Analyze Fundamentals Fundamentals drive the markets especially in the Forex Market, take a look at the country's monetary policy are they hawkish or doveish on a certain currency, also take a look at inflation, nfp, unemploymenyt, gdp as those affect the market as well. ✅ Determening the Leverage My recommend leverage for newbies is something around 1-30 / 1-50 so you wound't over trade. ✅ Trading Strategy Always ensure you have a trading strategy when you will start to trade, look at those things such as market structure, key psychological levels, fiibonacci, moving averages to build a trading strategy. ✅ Choose your Trading Timeframe You have to know what trading style you are trading, is this scalping on the lower time frame or highertimeframe position trading. Ensure you have this noted in your trading plan
BINANCE:BTCUSDEducation
by AnonimFXRO
Liquidity Concept 📈Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street" You can separate the Liquidity Concepts in two areas. ✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers ✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels. ‼️ REMEMBER Dumb Money sell at high Smart Money SELL ABOVE THE HIGH Dumb Money buy at low Smart Money BUY BELOW THE LOW Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow.
BINANCE:BTCUSDEducation
by AnonimFXRO
EUR/CZK Is the price ready to make the retracement?I will make a multi time frame analysis to give you an idea of what the price could do next Monthly: The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon. Weekly: The price is also over extended. In the weekly we can see also that the price is currently consolidating. This consolidation could be an accumulation period which means that the price could be getting ready to make the retracement. Daily: We clearly can see that the price is in a consolidation period. To look for a long position we have to wait until the consolidation is over.
Long
by Wiiso
🎯 Trading Plan Questions I will try to show you in this post how my intra-day trading plan works and what exactly do i use in terms of risk,pairs,timeframes. ✅ What are my trading goals ? My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day. Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency ✅ What timeframe do i use ? My intra-day timeframes that i am using are H1/M30/M15 you need to know which is your higher timeframe and execution time frame for me its M15, neither higher or lower. ✅ How long to hold trades ? Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk. ✅ Which Currency Pairs to follow ? As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours. ✅ What is the Risk per Trade ? When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk. It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad. What is your Trading Plan ??
BINANCE:BTCUSDEducation
by AnonimFXRO
GBP/USD Outlook (16 February 2022)Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8). GBP/USD’s next support zone is at 1.33800 and the next resistance zone is at 1.36000. Look for short-term buying opportunities of GBP/USD.
Long
by mentorrobert
XAUUSD - KOG REPORT!In last weeks KOG report we said we would be bearish on Gold and target the lower KOG targets as long as the price stayed below the 1830-35 price level. We said we were expecting Gold to create another high on the chart higher than the week before. We said we would be looking for the price to open and test the low then begin the incline into the higher resistance levels giving us that higher high. We were expecting there to be strong resistance above which we didn’t see, instead towards the end of the week we saw a really aggressive move to the upside taking us to a close above the 1850 level. Fortunately, during the week with our daily reviews we managed to keep traders in the right direction and not sell at the immediate resistance levels that we were initially looking at. So now we’ve seen quite a break of structure on Gold on Friday which threw a lot of traders off. We did say on Friday we would be taking a step back from the market and if anyone is trading to trade level to level testing zones with smaller lots. So what can we expect in the week ahead? 1850 key level, below that 1835-40 for signs of support. This is the first indication we are continuing to the upside. We have higher targets which we have shared starting at 1872 and above that there is one which is sitting at 1888. What we want to see is how the market opens and if it challenges that lower support region first, if it does, we want to see 1850 first and below that we want to see test the 1840, 1835 region. Based on support here we feel this would represent a good opportunity to long the market in to the higher resistance levels. If however, we see this push up on opening and hit our 1865-70 level and find resistance, we will be looking to short the market down into the lower support levels. Below is a chart showing the active targets at the moment, as long as the price stays above the 1835 region: Our plan: Market open, price goes up towards the 1865-70 level and find resistance, we want to test the short trade down towards the first target of 1850 and below that 1840 to be safe. If the price ranges here on opening and then starts a technical retracement down towards the 1850 level and below that 1840 we will be looking to long the market into that 1868-70 level where we will take a majority of the trade of the table. A lot of traders were questioning why we kept going on about the 1830-35 levels in the last few KOG reports, now you can see why we said be careful in this region! We will update members and follower over the course of the week as we usually do. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
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