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judgment of technical indicators and application skills1. Simple judgment of support and resistance: Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward trend, they are recognized as support and resistance.The best time to buy/sell is near the support/resistance level that is not easy to break.Once these levels are broken, they tend to become reverse obstacles.Therefore, in an uptrend market, the broken resistance level may become support for the upward trend; however, in a downtrend market, once the support level is broken, it will turn into resistance. 2. Understanding of lines and channels: Trend lines are a simple and practical tool in identifying the direction of market trends.The upward straight line is formed by at least two consecutive low points connected.Naturally, the second point must be higher than the first point.The extension of a straight line helps determine the path along which the market will move.Upward trend is a specific method used to identify support lines/levels.On the contrary, the downward line is drawn by connecting two or more points.The variability of trading lines is to some extent related to the number of connection points.However, it is worth mentioning that each point does not have to be too close.A channel is defined as an upward trend line parallel to the corresponding downward trend line.Two lines can represent price upward, downward, or horizontal corridors.The common attribute of a channel that supports the connection point of a trend line should be between the two connection points of its reverse line. 3. Understanding and understanding of the average line: If you believe in the creed of "trend is your friend" in technical analysis, then the moving average will benefit you a lot.The moving average shows the average price at a specific time in a specific period.They are called "moves" because they are measured at the same time and reflect the latest average. One of the shortcomings of moving averages is that they lag behind the market, so they are not necessarily a sign of a trend shift.To solve this problem, using a shorter period moving average of 5 or 10 days will better reflect recent price movements than a 40 or 200-day moving average.Alternatively, the moving average can also be used by combining two average lines of different time spans.Regardless of the use of 5 and 10-day moving averages, or 40- and 200-day moving averages, buy signals are usually detected when the shorter-term average crosses the longer-term average upward.In contrast, a sell signal will be prompted when the shorter-term average crosses the longer-term average downwards. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
FX:XAUUSDEducation
by Blessed_V
Who Moves the Forex Market | Forex Market Players Forex is the largest market in the world, with the tremendous daily trading volumes and millions of market participants. In this educational article, we will discuss who moves that market and who are its 6 the most significant players. 1. Governments Governments tend to set economic goals and influence the markets with their political decision. They define the course of their nations, issuing policies and imposing regulations. 2. Central banks Central banks implement the decisions of the governments, applying multiple instruments: Central banks control the emission of the money, shifting the supply and demand. They control interest rates and define the credit policies. Central banks control the international trade and sustain the exchange rates of the national currencies by interventions and handling the foreign currencies and gold reserves. 3. Commercial banks Commercial banks handle the international transactions. Over 70% of total Forex Market transactions directly refers to the actives of commercial banks. Commercial banks are also involved in speculation activities, benefiting from market fluctuations by relying on various strategies. 4. Corporations Corporation is the business that operates in multiple countries. With the constant capital flow between its branches and counterparts, corporations are permanently involved in a currency exchange. Also, corporations usually hedge currency risks, storing their liquidity in particular currencies. 5. Investment funds By investment funds, we imply the international or domestic professional money management companies. Dealing with hundreds of millions of investments, they quite often are operating on Forex market, buying foreign assets, speculating and hedging. 6. Retail traders The main goal of retails traders and speculators is to make short terms profits from their transactions on the market. Typically, the activities of traders constitute a relatively small portion of total trading volumes. Knowing which forces move the forex market, you can better understand how it works. The spot prices that you see on the charts reflect the sentiment of all the above-mentioned participants. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
GBP rebounded strongly, beware of traps!GBP/USD GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound caused the market to get rid of the weak downward channel and return to the previous level of the channel. Although it still belongs to the downward channel as a whole, the short-term weak market has been technically improved. At present, there has been a decline in the rebound market, which proves that the upward momentum is gradually being consumed, but as long as it can be maintained at the position above 0.190, it is possible to challenge the position above 0.196. If 0.190 cannot be supported, the pair may fall again and touch the boundary position of the descending channel line. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Blessed_V
On The 1.60 level is holding on the GBP/CAD, but for how long?Price on GBP/CAD is pushing a little lower, but is still trading above the 1.60 level. The GBP/USD was able to break lower, below the 1.20 support and was able to hold. It is only a matter of time before the GBP/CAD breaks lower and I still think price is going to be able to do that. It will take about 6 months for this to happen, but in the meantime if price just stagnates, that would be great (I have a trade on this pair).
Short
by DollarSaenz
Will crude oil continue to rebound strongly? Long or short?In the crude oil market, due to the larger-than-expected decline in U.S. crude oil inventories and bullish expectations for Chinese demand, concerns that the Federal Reserve's more aggressive interest rate increases will slow economic growth and weaken oil consumption have limited the rebound in oil prices, so the crude oil market is still uncertain. Judging from the trend, the current crude oil has rebounded strongly in the short term after fluctuating at a low level, but it is not enough to change the daily shorting situation, indicating that the overall trend of crude oil at a large level is still weak.Although the short-term rebound is shown on the 2-hour level chart, the short-term rebound is quite strong, but the pressure is heavy above, and the short-term continuity is a problem. It may continue slightly, but it is difficult to say how much room there is to continue without breaking the low range for the time being.Short-term may be accompanied by resistance loops, the market has returned to operate within the weak range. In terms of strategy, yesterday's thinking was also high-level shorting, but today's thinking is still high-level, supplemented by low-level long-selling. Crude oil is shorted near 77.8-78, and the first target is near 75.5 In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILShort
by Blessed_V
2
XAUUSD:How should we seize the opportunity to operateDue to the hawkish remarks of Fed Chairman Powell, it may mean that the Fed will not only raise interest rates by 25 basis points at each of the next two meetings, but may also raise interest rates by 25 basis points at each of the next three meetings, or even 50 basis points. It is also possible.Gold fell sharply and fell below the 1820 line, and is currently trading near the 1816 line. Judging from the 4-hour level chart, the trend of the K-line has been continuously overcast and the trend is weak; however, it should be noted that the current price is close to the early support band, and the short-term deviation rate is also somewhat large, which may mean that gold's room for decline will not be too large; in the trend of the small-level cycle, the downward trend of gold has also begun to slow down, and there is a high probability that there will be a trend of adjustment and repair at the end of the market; therefore, you can consider looking for long-term opportunities near 1815. Operation: It is recommended to pay attention to multi-order opportunities near 1815, stop loss at 1813, and look at 1825-1830 at the target point. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. Fluke is the culprit of increasing risks, while hesitation is the culprit of missed opportunities.Patience is the key to victory, confidence is the guarantee of success, and I hope everything will go well in the coming time. OANDA:XAUUSD TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD
OANDA:XAUUSDLong
by Blessed_V
2
Short GBPJPY position in the near term There is a clear signal of a short-term top in GBPJPY, and there is a demand for a pullback. Short-term trading can be positioned for short positions. Personal trading suggestion: Enter a short position at 163.550-164.000 with a target of 161.200. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil. I also update daily trading strategies. Thank you for your attention and likes. Friends who have questions can leave me a message in a timely manner, and I will provide the most reliable advice to help you.
Short
by FlashTrades_
Will the NZDUSD be able to hit the 0.70 lvl this Year?This pair is one of my top focuses for this year and I almost let it slip by. After conducting my R/A this weekend I came to find out that the New Zealand economy might start over heating and the RBNZ is possibly going to be in a position to keep rising rates. The RBNZ is looking to raise rates to around 5.5% (at least that is what is projected). The data on New Zealand is: Annual GDP: 6.4% and ranging Unemployment: 3.4% and declining Wage Growth: 4.3% and rising Inflation Rate: 7.2% and rising Industrial Production: 16.1% and rising Manufacturing PMI: 50.8 and ranging Retail Sales: -4% and declining Housing Index: 186.2791 and declining The technicals are also showing a double bottom and a descending wedge which adds to the probability that price might push higher. Sentiment is also pushing more towards neutral for the USD as there are starting to be increased talks about the FED slowing down on interest rate hikes and being more dovish. The Fundamentals, Technicals, and Sentiment are lining up which push my conviction lvl around the 60% lvl which got me to start planning on how to build a decent position on this pair. I have a position on this pair already at 10k (I am look to build to a standard lot for now). This is what I am look at. If price stays above the 0.60 lvl, then it is highly likely that price will push higher. If price pushes below the 0.60 lvl by the end of March, then I don't think I am wrong, but I would think that I was too early. I would take my loss and retrograde for now and then come back in. My objective is to build a position up on the NZD before the 0.65 lvl (possibly around the 0.63 lvl, if lower, that would be ideal). If I am able to get into a full position before the 0.65 lvl, see price push higher to 0.68, and place a stop around the 0.65 lvl, I would be in a good spot to just hold onto the NZD and see if it pushes up higher. If this doesn't work, like always, back to the drawing board to update my plan accordingly. But I think this is a high probability trade that will last for a while. Like always, these are my thoughts and this is how I trade. Please come up with you own plans and ideas and ways to trade. This can be extremely risky and with the uncertainty in the markets, I could potentially blow up my account if I am not careful. Y'all have some great trading out there.
Long
by DollarSaenz
GBPAUD UPDATE Potential shorts lining up for a NY session move, on the 15m TF we can see price is over extended to the upside sooner or later the institutions that drove the price up will take profits on there longs and this will create a retracement move. We can also Identify how the market is testing a psychological level of supply at 1.8000 in confluence with a 4H zone and High of previous week. There are two Beautiful Asia session imbalance's to the downside with gaps to potentially fill giving us more confidence to expect the bearish move soon. For entry confirmations I am looking for price to take out the sell side liquidity above the current HOD and HOPW then will be monitoring on the 5m TF for potential short entry confirmations. Remember this is an idea based on current PA if we dont get ENTRY CONFIRMATIONS we will not take the potential setup.
Short
by ITSCRYPTO1
USOUL OUTLOOKThis week NFP release will be the center of attention for future interest rate release from the federal reserve. With price currently within indecision, we might as well be expecting a breakout or a rejection from supply at 81.87 due to newly weekly mitigation at 73.70 which buyers have shown momentum in the last seven days. If price fails to break 80.53- 81.87 range, I see selling opportunity back to major support at 77.43 where I will be anticipating for long if validated back to supply at 81.87 If 77.43 invalidates as support I see further decline towards 73.70- 73.18 range.
TVC:USOIL
by Hybe7e
NZDUSD Bullish Continuation MM P 100pip// WHICH PATTERN ON MMP GUIDE DO WE HAVE?// NZDUSD is currently showing a BULLISH CONTINUATION MM Pattern 5 in the MMP GUIDE. // HOW TO ENTER // Wait for NY to pullback close to the CP RISK ENTRY ;- LONG on a good rejection from CP CONFRIMED ENRTY;- LONG when we fix ABOVE BL (Baseline) // INVALIDATION // Use a 20-30pips STOP LOSS I will post money making trades like this everyday. Be sure to FOLLOW and LIKE so you don't miss anything. P.S I have a very unique system that involves ZERO BS analysis, all you do is LOOK & EXECUTE (takes less than 4mins to decide), this beats every system in terms of ACCURACY, PROFITABILITY and best part? High R:R. It's called HOOD SUITE SYSTEM.
by TheHOODofCRYPTO
EURAUD Bearish Continuation MM Pattern// WHAT MM PATTERN DO WE HAVE // - EURAUD is currently showing a BEARISH CONTINUATION PATTERN for Today's setup. // HOW TO ENTER // Wait for NY open and a stop hunt of the LN-Hi level and take a SHORT. RISK ENTRY - Enter during NY when price is STOP HUNTING the LN-Hi level CONFIRMED ENTRY - Price currently in a CONFIRMED ENTRY level (Below BL) wait for NY to ensure no sh leg. // INVALIDATION // Use a 20-30pips STOP LOSS I will post money making trades like this everyday. Be sure to FOLLOW and LIKE so you don't miss anything.
by TheHOODofCRYPTO
Short eurusdHello everyone I have shorted eurusd and added to my pos after the CPI data. I know the market is a bit in limbo and does not know what to do with the info because the report gave something for the bulls and bears but i think we are heading towards 1.05300 area. I have two trades that work here. This -> snipboard.io and another one taken all the way from the top that was opened on 2nd of February all the way from 1.010 area. See screenshot here ->https://snipboard.io/4oamvg.jpg .If you follow me these are the types of trades that we are taking. I am aiming for high quality trades that provide enough R's. If we are trending in one direction i usually add to my main pos and then cut making smaller profits. Stay safe and trade accordingly because these are very volatile markets with big swings on each side. Have a great day!
Short
by Inorogu
1
My current Plan for EUR/USD, GBP/CAD, EUR/HUFThis is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. The GBP/CAD, I do want to get into a 50k position before price pushes lower. I think this pair is going to take a while to push lower, but it is only a matter of time. If I am able to get into a max position on the GBP/CAD and have a stop at 1.60, my conviction will be strong is holding onto the pair until the 1.50 level. The EUR/HUF, again, I like the positive rollover interest, so if price ranges, I am fine with price doing that. If price does push lower, I may add to my positions, but I am just thinking about it for now. The GBP/CAD has negative rollover, so the EUR/HUF and EUR/USD with there positive rollover is offsetting the negative rollover on the GBP/CAD. If I am correct on the GBP/CAD and EUR/HUF, Silver is becoming extremely enticing to get into next, especially if price pushes below the 20 level. I think Silver will be able to hit the $50 level, but that will likely happen in 2025 because space, robotics, AI, medical, electric vehicles, and so on will require a ton of Silver, which is a better conductor than copper.
by DollarSaenz
GBPJPY are we seeing a new breakout? Hi, traders and TradingView community. The GBPJPY is on our radar today after a solid session from buyers yesterday. Flash manufacturing and services PMI data came in better than expected and, combined with a mainly weaker yen, gave the GBP a nice boost. Buyers added 1.18% yesterday and broke above resistance, which has started to confirm a breakout of ascending triangle pattern. Breakouts from consolidation patterns can be seen as a good thing, as price has had plenty of time to build momentum. The next thing we are looking for is further upside that can test or break the downtrend and resistance point (black box). If reached, we would also like to see the old resistance level become support for future seller tests. 164.20 could become resistance; much further above, 168.90 is also seen as possible resistance. 160.50 is seen as short-term support on the current upswing, and we would like to see 162 – 161.80 become support if tested. If we see price move back into the previous consolidation pattern, this could be a worry. We would like to see new higher lows set up on or above the breakout point to continue to show that buyers hold momentum. Good trading.
Long
by Eightcap
2