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GBPUSD December 8 2023 Sell TradeAs you can see GBP USD is in a bullish momentum, but i see a clear manipulation of highs from 4h going to 15min TF each. So i decided to take sell trade in one of the POI (point of interest) i am seeing in the charts, of course based on proof not on speculation. After seeing validity on 1H TF , I checked again the 15minutes TF (my favorite TF for pending order to maximize risk to reward ratio) only to find out that it gives me a reason to sell and aim for that level ( check the charts for details.) . Another key factor here is always checked the market structure starting from daily-4h-3h-2h-1h-30min-15min for confluences. RR: 1:6 (simple trade) wyckoff schematics trade. work smart :)
by glyrad
15
EURUSD : FOREX Edu for DayTraders 📉Hi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where entry can be taken. Please enjoy this free educational gold nugget ! Are you also trading crypto? Check out this altcoin idea with bullish upside potential : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38
EUR/CAD in a Crucial Zone 📊 EUR/CAD Trading Range: In the daily timeframe, the Euro to Canadian Dollar (EUR/CAD) pair is currently near the top of its trading range. The range's ceiling is around 1.5050, and the floor is at 1.4245. 🔝 Approaching Range High: The pair has ascended within an upward channel from the bottom to the top of this range and is now forming a head and shoulders pattern in the 4-hour timeframe near the range’s ceiling. 📉 Short Position Potential: A break of this channel could activate the head and shoulders pattern, presenting an opportunity to enter a short position. 📈 RSI Overbought Indicator: The Relative Strength Index (RSI) is in the overbought territory, which could further validate our analysis. 🛑 Stop Loss Strategies: A riskier stop loss can be placed above the breakout candle, while a more conservative one can be set above the range’s high. 🔍 ECB President's Speech Impact: Today's speech by Christine Lagarde, President of the European Central Bank, could significantly impact this analysis. A tilt towards a rate hike in her speech could lead to a breakout of the trading range from the top. 🔑 Related Categories: Pattern Analysis Resistance and Support Central Bank Policies #EURCAD #ForexAnalysis #TradeCityPro 📚 Remember: Forex trading involves significant risk. Stay updated and make informed decisions! 🌍💹
Short
by tradecitypro
13
EURUSD Outlook 2023/2024 The FOREXCOM:EURUSD has been mitigating the price zone of 1.12147 and 1.17122 since 2015, and had a rejection move from the zone on July. On the 1W Time Frame: 1. Price did a change of character 2. Price tapped the 0.618 premium zone There are 3 things that can happen 1. Price rejects the premium zone and pushes down 2. Price enters a more premium zone, then pushes down 3. Price breaks the structure high and pushes up This is the overall outlook for FOREXCOM:EURUSD , check out some trading ideas that I have on my profile.
by FX_Apprenticeship
USDCHF: 07/11/2023: Looks Bearish Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block. On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell. There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order block, and then with LTF confirmation, we can execute the sell position. 💡Wait for the update! 🗓07/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
GBPJPY The Pennant pattern is formingThe Bank of Japan facilitated the biggest yen sale in six months. The dollar rose 1.70%, approaching last year's high (about 152 yen). Breaking above the Bollinger Bands, which are two standard deviations above the 20-day moving average, the U.S. dollar traded three standard deviations from the moving average. It's quiet today. The dollar has spent most of its trading so far between 151.15 yen and 151.50 yen. Some participants are considering moving to 160 yen. In the short term, $2.3 billion of options expire at 152 yen.
Long
by Chart_MasterPro
2
GBPUSD The BoE release a fresh macro forecastOn the Federal Reserve side, investors will be left wondering how they view the Fed's stance, especially the recent strong economic report, as it could give officials a reason to continue raising interest rates. We are also awaiting further guidance on the Fed's stance, including how that will affect its policy stance. However, inflation and job creation have slowed since the September meeting, suggesting the Fed will end its tightening cycle without raising rates for the remainder of 2023. Markets have already priced in a pause in Wednesday's announcement, and while a December rate hike remains unlikely, the central bank's stance is likely to impact expectations for its final meeting in 2023.
Long
by Chart_MasterPro
GBPJPY Despite further YCC correction, the BOJ disappoints The BOE is losing credibility because it is stimulating the economy too little, too late. At this week's MPC meeting, Governor Bailey will have to hide behind his message that inflation will persist for longer as it becomes more entrenched, but policymakers are keeping interest rates on hold amid concerns about the economy. UK government bonds are poised to match the general global direction and rising yields, with 10-year bonds continuing to rise towards 5%
by Chart_MasterPro
IDUSDT.P Trade Plan Timeframe: 4H IDUSDT.P Trade Plan Timeframe: 4H #Forex #IDUSDT.P #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve Hey traders! 👋 Let's dive into a potential trading opportunity on the IDUSDT.P pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the IDUSDT.P pair. 🐻 🔄 Divergence on HH’s: However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄: 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Entry Price: 0.2354 🎯 Stop Loss Level: 0.2400 🚀TP1: 0.2300 🚀TP2: 0.2245 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Short
by TradingwithBelieve
EURCAD Trade Plan Timeframe: 4H ?EURCAD Trade Plan Timeframe: 4H #Forex #EURCAD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve Hey traders! 👋 Let's dive into a potential trading opportunity on the EURCAD pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the EURCAD pair. 🐻 🔄 EURCAD is in strong bullish trend: EURCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. 📉🔄: 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Entry Price: 1.46170 🎯 Stop Loss Level: 1.45286 🚀TP1: 1.47058 🚀TP2: 1.47943 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Long
by TradingwithBelieve
GBPUSD The downtrend is clearly formed through charts and news The British pound initially attempted to recover during the week, but gave up gains near the crucial 1.2350 level. At this point, GBP is likely to remain under downward pressure and could fall to the 1.1850 level. Looking ahead, we believe the 1.2350 level will be an important resistance barrier, and if we manage to break below the 1.20 level, it will actually pave the way for the 1.1850 level. Of all the major currencies, the US dollar makes the most sense at the moment.
Short
by Chart_MasterPro
2