Get started

Forexmarket

GBPUSD - the DROP, how to trade it?GBPUSD still looking BULLISH across the board however, there's an opportunity for a nice 150pips drop before the next rally to the upside. DXY is looking to have a nice bounce which means there's a possibility for SHORT on xxxUSD which is why we are looking to attack GU SHORT first before the rally. ENTRIES #1 ENTRY -: Take a SHORT at current price or wait for push up to the reaction box AND take the SHORT. #2 Entry -: Wait for the DROP and take a LONG at 800ema on D1 OR at the PREVIOUS MONTH HIGH INVALIDATION On #1 Entry, Set a 60pips Inv. On #2 Entry, exit LONGS when we fix below the BASELINE. TARGETS #1 Exit at PREVIOUS MONTH HIGH #2 Exit at MAIN PREVIOUS HIGH P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
EURUSD 100pips DROP 200pips LONG, How?EURUSD recently had a decent rally to the upside as we discussed last week, now we are looking for a counter-trend (SHORT) play here before the final leg. ENTRY (Risk Entry, Good Reward) -: SHORT EU from current price or wait for AUTOMATED KEY ZONE to get taken out and smash the SHORT. INVALIDATION Upon Entry, Set a 40-50pips Inv. TARGETS Wait for a DROP until BASELINE for a 100pips target. P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
DXY - Next IMPULSE LEG, what to do?DXY needs some recovery before the FINAL IMPULSE leg for the full recovery to take place. We are seeing bearish signs across the board but LONG TERM we're BULLISH Dollar! We have TWO PLAYS here. We expect DXY to push up to the BASELINE before the drop, we have an opportunity to SHORT xxxUSD and when we do hit the BASELINE we have a potential LONG continuation on xxxUSD. ENTRY (Risk Entry, Good Reward) -: 1) Take a SHORT on xxxUSD market open to take advantage of DXY bounce. 2) We pullback is complete take a LONG on xxxUSD for final leg to reaction zone. (check profile for xxxUSD and USDxxx IDEAS) INVALIDATION IF price shoots down down 101.778 exit all xxxUSD SHORT and get ready for a DIV setup. TARGETS We're looking at BASELINE for LONGS and DIV on DXY as SHORT target. Use targets accordingly to validate USD exits and entries. P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
TVC:DXY
by TheHOODofCRYPTO
DXY 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
TVC:DXYShort
by Tradelikemee
CADAUD Falling Wedge PatternCADAUD, the Canadian Dollar against the Australian Dollar, is showing signs of a potential reversal as it reaches the end of a falling wedge pattern at a key support level. This pattern typically indicates a potential trend reversal from a downtrend to an uptrend. Traders considering this potential reversal may set a take profit level at 1.1148, aiming for an upward price movement towards this target. To manage risk, it is recommended to place a stop loss at 1.0960, serving as a safeguard in case the reversal does not materialize as anticipated. While the falling wedge pattern and support level provide encouraging signals, it's crucial to consider other factors such as market conditions, fundamental analysis, and overall market sentiment. Technical patterns alone do not guarantee successful trades, and it's essential to closely monitor the market for any potential changes. Looking forward to read your opinion about it.
Long
by TopgOptions
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair. The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include: 1. HTF bullish trend. 2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL. 3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520). 4. Price is currently at Equilibrium on the Daily chart. Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
Long
by preciousjames517