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AUD/JPY Expecting a move down Yo traders, If you have followed my last week trade the price has moved perfectly towards the Fib level as expected. Presently price has broken through the pattern and retesting. If you look at the 1 Hr TF RSI had given us divergence indicating reversal and also presently the price is retesting the 200 EMA which has been a level of support in the past and now should act as resistance. I will be short on this pair. Like and comment to support Thanks Madtradex
Short
by Madtradex
Forex Trading, AudCad ResultForex Trade Result Audcad 4 October 2020 ..................... The pair went further down hit my sl before making its way up.. Made an early entry and paid the price. Lesson never make and early entry . ................................................................................. Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Long
by lovelove
Forex Trading, AudChf AnalysisForex Trade AudChf Analysis Number 6 4 October 2020 .............................................................................................................................................. We will monitor price action at the marked zone, waiting for the structure to shift from bullish to bearish. Then we will look for a short entry with proper Risk management with a good risk to reward. ............................................................................................... Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Short
by lovelove
2
Forex Trading, UsdJpy AnalysisForex Trade UsdJpy Analysis Number 5 4 October 2020 .............................................................................................................................................. High probability trade, we will be monitoring price action at the marked zone for forex trade possible sells. Only enter after requirements are met according to your strategy, with proper risk management with a good risk to reward. ............................................................................................... Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Short
by lovelove
2
USD/CHF Pulling Back to Advance 0.92960Hello Fellow Trader! USD/CHF - US GDP data due tonight following an interesting presidential debate earlier which commenced a 2% drop in the Nasdaq and E-mini S&P. As money moves out of equities due to increase in risk, the money tends to park itself in safer assets giving the DXY (Us Dollar) strength. The daily chart is sitting above the 50 EMA and at a key level of support (0.91800) from March low. USD/CHF can drop to retest this level breaking the low on the 1 hour time frame. Key Points: - Daily – Above 50 EMA - Daily – Below 200 EMA - Daily – RSI channel to follow through to oversold territory - Price holding above the 200 EMA - Price holding above the 50 EMA - Crossed daily trend line Key Levels: Support – 50 EMA, 0.92145, 200 EMA, 0.91910, 0.91800 Resistance – 0.92600, 0.92960 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 0.91900 Supporting Entry – 0.92145 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 0.91687 and violates 200 EMA – 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 0.91900 – Target 1 0.92960 = 5x Reward to Risk Supporting Entry 0.92145 – Target 1 0.92960 = 2x Reward to Risk
Long
by tradetheday
1
GBP/USD - bearish flag formation before next BIG bearish moveGBP/USD price retested the broken daily ascending trend line on the 18th and 19th September, before continuing to the downside early last week. Price then found support at approx. 1.2741 level and began forming a bearish flag late last week between 1.2765 and 1.2700. There is a zone of confluence shortly coming into play between the potential end of the bearish flag and a descending 4H trend line. We will be looking for rejection from the 4H descending trend line, followed by a close below the 1.2700 level before entering another short position on this currency pair. Initial price target will be 1.2550, with a secondary target of 1.2088. If price closes above the 4H trend line, this analysis would become invalid.
Short
by TheForexFellows
NAS100 .. Expecting to move downYo Traders, Last week i had analysed the NAS100 and expected it to moved down. As soon as the price broke through the wedge i was short on the pair with profits being taken at the support. The price moved exactly as expected with great RR. Next week as you can see the price has now broken through the channel/support and presently retesting on the 1H TF. Lets wait and watch if the price moves down and respects the new resistance. Thanks Madtradex
FX:NAS100Short
by Madtradex
2