GOLD bullish target 2055gold forming weekly higher high and higher low. 1946-30 demand zone for long with target 2055. stop loss below 1930
Forexmarket
EUR/USD -7/3/2022-• Odds in favor of the bears
• Some correction expected before heading lower
• Not much support before 1.07700 which is the first target for the bears
• Second target is 1.0640
AUDJPY bullish target 84.90#audjpy, pair smart money covering short positions in aud, audjpy weekly forming higher high and higher low. aud & nzd strongest pairs across the board. split risk into two positions by dividing half equally 83.40 & 82.40 stop loss 81.90, target: 84.90
USDCHF: Key Level & Short Trade 🇺🇸🇨🇭
USDCHF is testing a strong intraday resistance cluster.
On that, the price formed a head and shoulders pattern and successfully broke its neckline to the downside.
After its retest, I expect a bearish move to 0.91796 / 0.91593
❤️Please, support this idea with like and comment!❤️
EURCHF Accumulation phase for long position target 1.0545 & 1.06#EURCHF, pair forming bottom for longer term trend reversal. 1.0365-1.0300 support area for long. Target: 1.0545 & 1.0600
Price Action Definition #1Price Action Definition #1
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Price Action Trading Is A Style Of Trading That Utilizes Price Movements Across A Specific Time Period
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Price Action Trading Ignores Other Means Of Analysis Such News / Economic Events And Fundamental Analysis That Tend To Influence The Movements Of The Markets
Price Action Traders Use Raw Price / Market Historical Data To Help Them Predict Future Price Movements And Market Direction. This In And Of Itself Is A Form Of Technical Analysis
As A Price Action Trader... your main concern is to know how to Read And Understand the movements of the Market. A Price Action Trader ignores all the fundamental factors that tend to influence the movements of the market.
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2nd Daily Candle Closes Below 1.36 Daily Zone // GBPUSDwell this is the 2nd daily candle that has closed below our daily level at 1.36. We have rejected higher prices as anticipated . Unfortunately we got stopped out but my bias played out nicely which I am Happy about. It is not often when I trade againgst Daily/Weekly Market strucutre but this is a rare occasion. Given current market Sentiment with the Stock indices selling off, and gold shooting up, I am confident we may see a move back down to 135.2. We are trading in line with our bias, lloking at a few differnt scenarios for an entry
Buyers push price past previous 3 Daily Highs // Already?We have ascending Higher Lows rejecting 1.44 on this pair, it looks like price is being bough up. Additionally you have the fact that we just broke the high of the previous 3 daily candles in the first few hours of trading. We have created a Higher High on the 4Hr during the first trading session of the week, ahead of PMI manufacturing News. I suppose we are expecting positive numbers. looking for retest buys after News comes out
Gold // Buy the Dip with War Tensions?Buys because of
1. Ukraine Putin conflict
2. momentum on HTF's
3. pullback to a minor zone
New Zealand Dollar // Change in BiasLooking towards lower prices
Reasons listed
Risk off sentiment with Ukraine/Putin news is a nice background for the daily to descend to 76.
This is my bias as we come to the end of the week, I expect the weekly candle to continue pulling back down
Will Cad/Oil Buyers Step In?Called the crude Sell off Before the Week began, we came down quite a ways, 5%. That's alot, this is what i'm looking at for this pair. I'm not supper bullish on the EURO. Reasons for liking crude 1. Higher time frame trend surrounding crude 2. Inflationary environment we are in 3. that was a massive move on the weekly timeframe, buyers will be taking profit, will take time to gather liquidity
GBPNZD Distribution short target 2.0270#GBPNZD, pair strong in uptrend. daily inside bars and key reversal bar dictating distribution starting for short. 2.0450-.0500 supply zone for short, stop loss 2.0550 and target 2.0270.
Buying into a Daily Supply Zone can be Risky / GBPJPYWe have a clean traffic range up to 157.7. However this is also a Daily Supply zone we are trading at and price can just suddenly reject any of these prices and take us into a range or bearish for the rest of the week . approaching this pair at the current time is difficult because it just raised interest rates (on GBP) but then also we have Putin/Ukraine Tensions sentiment in the markets. looking for a retest of prices 156.5 and 156.250 for a Runner Position
Price action is Proving Bears Wrong? // EURUSDI think we saw sell opportunities already early in the week during the first few sessions,
These Higher Lows rejecting our Daily Zone @ 1.1275 are very aggressive. was this the bottom wick on the Weekly timeframe and now we will begin to see higher prices for the rest of the week?
IDK but I'd bet on it until proven wrong. It is disappointing, If I were still a Seller, to see this kind of price action, given the fears with Putin/Ukraine, priced in already?, the Dollar strength as of late?
AUD Monetary Policy Minutes // Looking for Lower Prices Looking for the the upcoming news to provide a discount in prices on the week for AUDUSD,
1 GBP rate hukes was a good catlyst for bullish sentiment in the markets. 2 Ukraine/Putin is a good catlyst for berish sentiment
in global assets
58 Pips Bottom Wick NZDJPY // Daily TFWe have just gotten a bearish close on NZDJPY
the body was a third the length of the bottom wick
which rejected our daily s/r zone at 76.2 . Due to this
I am looking for buys up to 76.86 in the next few trading sessions.
No trade if price action plays out funky with regard to what we are looking for.
Market Fear Causes Respect of > [ 157.3 ] Weekly Zone / GbpJpyThis is my bias as we move into the new week of trading. I was confident after Thursday Daily candle closure that we would finally get a close above 157.300 on the Weekly and Daily Timeframes. The News on Friday caused us to respect this zone on the HTF's . I'm looking for Sells for the first few sessions of the week. My bias will change uf we get a strong 4hr close above 156.845. Looking for limit orders entries as I don't thnk these prices can hold given current market sentiment and fud. I like 156.845
Panic is Catalyst for Continuation lower? // EURUSDthis is what im looking for on EURUSD given the fact that we are in a Downtrend on the HTF's and also the Fear caused by Putin/Ukraine. We have confirmed a fakeout with regard to market structure on the Daily/weekly Timeframes. Looking for sells this week unless we get a strong close above 1.1375 on the 4hr/daily timeframes
USD CPI News ; Discount on EU Longs ?I earned a good profit trading GBPUSD after rate hikes last week, this is the same sort of idea. We have a dip caused by news, fear for longs getting liquidated, shorts getting greedy possibly? Long term bear returning?
BTCUSD Buying the High? Break-Out IntradayBitcoin possible breakout,
Sentiment across markets appears quite optimistic
. Secured 43 Pips on GBPJPY from asian session yesterday
This is a scalp, high risk buying the high unless you understand risk managment
or plan to hodl.
as US Oil Maintains Market Structure, will USDCAD fall in Sync?Was not expecting this much volatility from CAD, given the fact that we were expecting US OIL
strength. But we go with the flow and market structre was pointing bearish so that suggests we could touch the daily and 4hr lows again, we had clean traffic
for a 30 pip move bearish . I caught 18 pips on 1 position, got out. Where do we go from here? tough range on the daily timeframe between 1.26650 and 1.27650,
large range i suppose, 100 pips. As long as US Oil maintains market structure, USDCAD may continue bearish sentiment for the week and come down to 1.262
Fomo Buyers, Looking for a day trade, correction for liquidity3:1 RR
Fomo Buyers will get washed out 50% of the time
as long as a solid risk to reward is maintained
this is profitbale for me
We have Pinned the Daily/Weekly Strucutral High
This is the reason for the entry
USDCAD Change in Sentiment? Intra-day TradingWasn't expecting this sell off to begin the week,
it is to big of a move all the back down to support.. for me not to
look for sells . Looking for a consequential break of support at 1.266
and a move down as we approach the second London session of the week.
Not much with regard to news, just allowing price action to lead the way and
looking to jump in on the train.
