Forexmarkets
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.
AUDCAD H4 - Long Trade SetupAUDCAD H4 - I've marked on the bullish structure here because of the support significance, I think we should see a bullish reaction before breaking the neckline and potentially filling the double bottom, big fan of buying from support more so than selling from resistance, so usually catch an eye for these setups more than short setups. Just need to be patient for price to reach support and see what factors could influence (data/headlines/etc).
USDSEK hitting the support of channel | A good long opportunityPriceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support.
MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position.
I have used Fibonacci sequence to set the targets:
Sell between: 9.71141 to 9.83034
Regards,
Atif Akbar (moon333)
USDTHB fomred bullish butterfly | Upto 4.5% bull move.Priceline of US Dollar / Thai Baht forex pair has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell target soon insha Allah.
This PRZ area is also a stop loss point, in case of complete candle stick closes below this area.
MACD is turning bullish, it was strong bearish now turned weak bearish.
RSI is oversold.
Stochastic is oversold.
Volume profile of complete pattern is showing less interest of traders at this area.
I have used Fibonacci sequence to set the targets:
Buy between: 30.772 to 30.397
Sell between: 31.064 to 31.770
Enjoy your profits and regards,
Atif Akbar (moon333)