AUD/CHF : BEARISH PULLBACK ON 61.8 CONFIRMED ! 🔔Welcome back Traders, Investors and Community!
Analysis of #GOLD
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Strategy: Pullback on 61.8 Fibo
A clear chart is Always the best business card for a trader.
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The information contained herein is not intended to be a source of advice or credit analysis
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Walter
Forexforecast
DXY_MONTHLY/WEEKLY OUTLOOK PT 1 DISCLAIMER:
THIS CHANNEL IS MADE FOR EDUCATION PURPOSE. WE ARE NOT FINANCIAL ADVISORS NOR WE ARE TELLING INDIVIDUALS TO TAKE TRADES. ALL IDEAS ARE BASED UPON TRADERS ANALYSIS. TRADING INVOLVES RISK AND POTENTIAL LOSS OF CAPITAL. PLEASE STICK TO WHAT WORKS FOR YOU. EVERYONE TRADES AT THEIR OWN WILL. HAPPY TRADING AND CONTINUE TO LEARN
What's up Traders! *note this is a LONG TERM overview!
Here is my Long term view of the DXY. I am long term bearish on the Dxy due to the fact that we broke structure on the higher time frame. I do see a minor retracement happening to the upside but momentum staying bearish. I personally would not be surprised if we can see the Dxy reach the 81.00 mark area. As we are all aware, we are in a global pandemic influencing the print of the dollar by the monetary system. This results in demand for cash leading to a decrease of the USD.
2020 elections media stated Bidden is the 2020 president resulting in Trump's loss. We shall see what happens in the upcoming months WITH the dollar.
AUDUSDFollowing the Present peak and turning point for the DXY (Dollar INdex). we expect to see same impact on the Dollar related pairs which the AUDUSD is one of this pairs, we the DXY reaches its rejection block where orders can be taken from and the bulls set in, the Aussie, likewise did same in the opposite direction from the DXY, which gives us a bearish movement setting in for a swing.
we expect the Aussie, to clear the internal liquidity in the Daily TF and and then move upwards to bit to get the final order from the bearish order block and the swing sets in
Dollar IndexWith the present win for the US elections and Biden merging in as the 46th President of the United states of America, added to the fact of the NFP new on the 6th of November 2020 came out positive for the US dollar Index, we expect to see a steady strength for the the US dollar, and above all, the candle closed on the Rejection block of the daily candle, we previous low might be taken out before the bulls set in, and possibly we can have a buy from CMP (Current market price)
CADCHF Short - 80 pip potential🚨 Trade Alert: SELL
CADCHF H4
Entry: 0.69650
SL: 0.69780
TP: 0.68850
Risk/Reward: 6.15
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
EURGBP Long - 100+ Pip Potential🚨 Trade Alert: BUY
EURGBP H4
Entry: 0.89950
SL: 0.89750
TP: 0.91000
Risk/Reward: 5.25
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
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XAUUSDFollowing the US election that is about to happen, the USD currency was weak earlier today causing the rise in Xauusd, which was a good technical analysis and also a great opportunity for a reentry for shorts
The Xauusd retraced back to the BMS (break in market structure) and ready to go for another shorts to clear the equal lows
CHFJPY Long - +150 pip potential🚨 Trade Alert: BUY
CHFJPY H4
Entry: 113.620
SL: 113.250
TP: 115.280
Risk/Reward: 4.49
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
If you liked my analysis, follow me and comment below on what your thoughts are!
GBP/AUD bullish to 1.85160Hello Fellow Trader!
GBP/AUD daily resistance range broken simultaneously with the 200 EMA.
Looking for a pullback at 78.6% Fibonacci to the accumulation box with bullish candle reversal for confirmation to take GBP/AUD to target 1.
Key Points:
- Volume dropping with higher high and higher low candles
- Price holding above the 200 EMA
- Price holding above the 50 EMA
- RSI in overbought territory and possible divergence between peaks
Key Levels:
Support - 1.83688, 1.83260, 50 EMA, 200 EMA
Resistance – 1.84500, 1.85160
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 1.83260
Supporting Entry – 1.83688
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 1.82799 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 1.83260 – Target 1 1.85160 = 4x Reward to Risk
Supporting Entry 1.83688 – Target 1 1.85160 = 1.7 Reward to Risk
AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low.
Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4.
Please feel free to leave a comment and like if you agree
EURAUD Long - +300 pip Potential🚨 Trade Alert: BUY
EURAUD H4
Entry: 1.65830
SL: 1.65450
TP: 1.69050
Risk/Reward: 8.47
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
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INSANE AUDJPY setup!!! Its always breathtaking when beauty shows itself. Since the end of the first quarter of 2013, price has been falling. I am mostly interested in the downward spikes (Circled) that happened and what followed after as the key to understanding what can potentially be. I have divided this market events into 2 mirror parts, the only difference being in scale. Macrocosm would then represent the greater scale and Microcosm, lesser scale. If you consider how well the parts mirror themselves, it is possible that price is repeating itself. So in essence, Price is forming a double bottom to rise and form a head and shoulders before dropping, realigning with the 7 years downtrend. Even though price has reacted to area of support in the past, if the market indeed is repeating this pattern, then the support may not hold. Note how the retracement in Macrocosm cleared out the first group of previous highs and reversed at the second after the downward spikes. Also note the resistance confluence around that area too! Trades may then be placed in harmony of the map, should price move this way. What do you think about this?
EUR USD 1:5 RR#forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #investment #entrepreneur #investing #binaryoptions #fx #invest #forexmarket #forexlife #stock #success #investor #daytrader #stockmarket #forexsignal #bhfyp #trade #wallstreet #daytrading #financialfreedom #forexprofit #finance #motivation #millionaire #wealth #forexeducation #gold #forextrade #makemoney #profit #luxury #eurusd #forexanalysis #technicalanalysis #forexmentor #cash #pips #makemoneyonline #broker #lifestyle #forexsignals #forexprofit #forexmoney #forexsignalservice #money #trader #tradingforex #forextraining #investing #forexgroup
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AUDUSD BUY LIMITLooking to buy only and only if does retrace back to the grey support box
#forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #investment #entrepreneur #investing #binaryoptions #fx #invest #forexmarket #forexlife #stock #success #investor #daytrader #stockmarket #forexsignal #bhfyp #trade #wallstreet #daytrading #financialfreedom #forexprofit #finance #motivation #millionaire #wealth #forexeducation #gold #forextrade #makemoney #profit #luxury #AUDUSD #forexanalysis #technicalanalysis #forexmentor #cash #pips #makemoneyonline #broker #lifestyle #forexsignals #forexprofit #forexmoney #forexsignalservice #money #trader #tradingforex #forextraining #investing #forexgroup
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EURUSD - Short 120+ pips🚨 Trade Alert: SELL
EURUSD H4
Entry: 1.18590
SL: 1.18790 (20 pips)
TP: 1.17350
Risk/Reward: 6.2
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
Eur/GBP. Expected to move upYo traders,
Lets have a look at this idea.
Euro rejected the 200 EMA on daily TF and then rejected the weekly resistance.
Presently looks like a corrective wave forming a falling wedge.
price has broken through the wedge and now retesting.
Looking for rejection of price and then go long.
Lets wait and watch
Please like, support and comment
Thanks
Madtradex
AUD/USD Expecting to move up in Short termYo traders,
Price has moved down considerably in the last week.
Presently getting close to the trendline.
Also, on the 1Hr TF you can see divergence on the RSI.
I am looking for AU to correct in the short term and then move down again.
Lets wait and watch
Thanks
Madtradex
AUD/NZD Expecting to move upYo traders,
Hope you all have a great week.
AUD/NZD has formed a lovely pattern on the 4H TF.
The chart shows an inverted head and shoulders pattern. Broke out from the neckline and now retested which is an established support.
Expecting the price to move up as price has shown rejection of the support.
Like, comment and support the idea.
Thanks
Madtradex