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UK100 Technical Analysis 🔹 Trend Overview: UK100 is currently consolidating between key support and resistance levels, suggesting a potential breakout scenario. 🔹 Key Levels: 📈 Resistance: 8,727 – A breakout above this level could push price toward 8,818. 📉 Support: 8,627 – If broken, price may drop toward 8,475. 🔹 Market Structure: ✅ Price is in a range-bound phase, with a possible breakout in either direction. 🚀 Bullish scenario: Break above 8,727 → Retest → Target 8,818 → 8,912. ⚠️ Bearish scenario: Rejection at 8,727 → Drop to 8,627 → Break → Target 8,475. 🔹 Trade Idea: Bullish above 8,727 with targets at 8,818 and 8,912. Bearish below 8,627 with targets at 8,475. 📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
FX:UK100
by juniormoseki1
GBPUSDThe chart shows British Pound (GBP/USD) on a 4-hour timeframe, with key levels of support and resistance, and an area of Fair Value Gap (FVG). Here’s the detailed analysis: Key Observations: 1. FVG (Fair Value Gap): - The chart highlights two FVG zones. One is located above the current price, indicating a gap in price action that could act as a resistance level. The price has recently failed to break this upper FVG, suggesting possible selling pressure around this level. - The second FVG zone is below the current price level, around 1.29314, which is acting as a potential support zone. This suggests that the price might retrace toward this level before continuing its movement. 2. Price Action: - The price action shows a rejection near the upper FVG zone, leading to a potential retracement towards the lower FVG zone. This is a typical market behavior where after an initial move, the market often retraces to fill the FVG before continuing in the same direction. - The price is currently sitting near 1.29461, which is just below the upper FVG and might act as a level of resistance. If the price holds below this level, it could continue moving downward to 1.29314.- The target is marked at 1.29314, which is just above the lower FVG zone. If the price retraces toward this level, it could find support and potentially reverse its trend to the upside. 4. Volume: - The volume bars at the bottom show that there is decreasing volume during the upward movement and a spike in volume during the recent price pullback. This may indicate that there is increased selling pressure at the upper FVG zone, which could lead to further downside movement. Potential Scenarios: 1. Bearish Pullback: - The price is currently facing resistance near the upper FVG zone, and a retracement to the lower FVG zone at 1.29314 is likely. If the price tests this level and holds, it could provide a strong buy signal for the next bullish move. 2. Bullish Reversal: - If the price retraces to 1.29314 and shows strong buying pressure (such as a bullish candlestick pattern or an increase in volume), it could continue its bullish move towards the upper FVG zone and potentially higher levels. 3. Breakdown Below Support: - If the price fails to hold the 1.29314 support and breaks lower, it may continue its downward movement toward further support levels below 1.2900. Conclusion:
Short
by Joan_Pro_Trader
Daily Analysis of Gold Ounce to USD – Issue 235The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
FOREXCOM:XAUUSDShort
by MoonriseTA
Sniper Trading System Trade Break Down 12-29-23As we study #PriceAction - Our 12am Indicated the Bullish Play on this last #TrapDay of 2023 - The #Algorithm raided the 1st #StandardDeviation to entice Timmy, Lenny, & Tenisha nem to chase the sell because they had no clue we are BULLISH today.💰 Around 5am the Algorithm followed it's DAILY route- Consolidated turned around and liquidated the Shorts and tapped the Sell Stops and liquidated them as well. #SmartMoney Bought the WICk of the #SwingLow which is our #DrawPlay 🔼 Typically price will Trend to the 3rd or 4th #StandardDeviation in confluence with the #Trend that day. 😮 then retrace and or Reverse. This is the 2024 DAILY Schedule. This schedule makes us the #BANK ✔🤫🥶💵 LEARN IT! 📌💵 #SniperGang 🏦🏦🏦
Long
by Master-Jedi-Trader
1
15 Essential Topics to Transform into a Pro Trader 📈💹 Embarking on a journey to become a professional forex trader requires a solid understanding of various key topics. Whether you're a beginner or looking to enhance your trading skills, mastering these 15 forex topics will set you on the path to success. Let's dive into the essentials! 💪 1. Understanding Forex Basics 🌐 - Learn the basics of currency pairs, exchange rates, and market participants. 2. Fundamental Analysis 📰 - Explore economic indicators and events affecting currency values. 3. Technical Analysis 📊 - Study charts, patterns, and indicators to make informed trading decisions. 4. Risk Management Strategies 🛡 - Implement effective risk management to protect your capital. 5. Trading Psychology 🧠 - Master emotions and discipline for consistent trading success. 6. Different Trading Styles 🔄 - Explore day trading, swing trading, and position trading. 7. Leverage and Margin 📊 - Understand the risks and benefits of trading with leverage. 8. Market Order vs. Limit Order ⏩ - Differentiate between instant execution and pending orders. 9. Interest Rates and Carry Trade 📈 - Learn how interest rates impact currency values and the carry trade strategy. 10. Correlation in Forex Markets 🔄 - Understand how currency pairs move in relation to each other. 11. Economic Calendar Awareness 📆 - Stay updated on economic events and their potential impact. 12. Backtesting and Demo Trading 📊 - Test strategies in a risk-free environment before trading live. 13. Diversification Strategies 🌐 - Spread risk by trading various currency pairs and assets. 14. Market Sentiment Analysis 📈📉 - Gauge the mood of the market to anticipate price movements. 15. Continuous Learning and Adaptation 📚 - Stay updated on market trends, technologies, and regulations. Becoming a pro trader involves continuous learning and a commitment to mastering these essential forex topics. With dedication and practice, you can navigate the complexities of the forex market and trade with confidence. Happy trading! 🚀💰 Let me know, traders, what do you want to learn in the next educational post?
OANDA:XAUUSDEducation
by TopTradingSignals
3
CADGBP Triple Bottom Chart PatternCADGBP, the Canadian Dollar against the British Pound, is showing indications of a potential reversal as it forms a triple bottom pattern on the 1-hour timeframe, finding support at a key level. This pattern suggests a potential shift from a downtrend to an uptrend. Traders observing this potential reversal might consider a take profit level at 0.5983, targeting an upward price movement towards this objective. To manage risk effectively, it is advisable to place a stop loss at 0.5932, serving as a protective measure if the reversal does not materialize as anticipated. While the triple bottom pattern and support level offer encouraging signals, it is essential to consider other factors such as overall market conditions, fundamental analysis, and prevailing market sentiment. Relying solely on technical patterns may not guarantee successful trades, so it is important to closely monitor the market for any changes or developments. Looking forward to read your opinion about it!
Long
by TopgOptions
I AM THE ALGORITHM NOW!!!!! EURUSD KING!!!!!Just follow the script. I wrote it today :) Never Over leverage. Trust the set up. Then trust the PROCESS. EVERYBODY EAT$$$$ I AM SMART MONEY NOW> Master Jedi & Sensi of #SniperGang at #OBG ✔ #Narrative for #EURUSD May 23, 2023 3:22am EST> 🔽🔼Our 12 AM Candle is= Red indicating the main move is BULLISH> Therefore we KNOW that before the algorithm Stop hunts before the main move either way: So we expect price to raid external Liquidity to the extreme levels of the 3rd or 4th SD before the W Set Up>EURUSD www.tradingview.com 🤫💲
Short
by Master-Jedi-Trader
1
The Narrative for EURUSD today May 18 Twenty Twenty Three 3:42am#Narrative for #EURUSD > Thursday May 18, 2023 2:14am - If price does not turn around at 2:30am est we expect price to raid #Liquidity to the extreme areas of it's #ADR > We KNOW the ADR areas of 68pips-88pips is when #EURUSD begins to turn around. > Therefore we expect price to form the W Set up at the extreme areas of the ADR by the end of the London Session around 6am. 6am est sets up the #NewYorkSession and price typically reverses at the #MacroPivotPoint > Our entry will be off of #WE #DBP Entry. This is your #AgressiveEntry The Modest Entry is AFTER the #SwitchPlay which confirms with a shift of the EMA's 🤫💲✔🔽🔼 - Now let's see how #Price follows our #Script for today⚡ Never over leverage. Trust your narrative because it IS THE SCRIPT (fax) Have fun and Happy Trading Family!!!! EVERYBODY EAT$
Long
by Master-Jedi-Trader
IT ALL MAKES SENSE NOW!! EURUSDOn a bullish day look for price to short 1-3 Standard Deviations before the Algorithm begins to LONG Price. On Bearish Days look for price to Long 1-3 Standard deviations before the algorithm engages the short. You can trade with this information both ways when you know the bias of the day. It’s safer to WAIT until price hits the standard deviation that is closest to the ADR of the asset that you are trading that day. This will give you accuracy and confidence when the long or short is initiated. The shorter DR that creates the standard deviations the more accurate. DR 25-35 pips tends to give you the greatest accuracy. Anything over 40 pips tends to have variables: News 📰 Heavy Consolidation, and seek and destroy algorithmic profiles✅ 🔼 I AM #SmartMoney aka Master Jedi & SENSI of #SniperGang EVERYBODY EAT$$$$$
Short
by Master-Jedi-Trader
1
EURUSD Filling Imbalances aka FVGPrice moves for two reasons: To fill imbalances aka FVG and to areas of liquidity aka buy and sell stops in the market. According to the #SniperTradingSystem the 12 AM SR Candle indicates we are looking for the Bearish play. Therefore we want price to buy up to our 4th or 5th SD then hunt for the sell. The bullish move now is a continuation from yesterday, If you are already in the Buy it should continue to our 4th or 5th Standard Deviation. Stay Sharp! #SniperGang
Short
by Master-Jedi-Trader
4
EURUSD SNIPER TRADING SYSTEMSNIPER TRADING SYSTEM: Simplicity is the key. There is genius in simplicity. 12 AM 1hr Candle is RED indicating we are looking for the Bullish Set Up. So we sell EURUSD to the 3rd or 4th Standard Deviation where we will hunt the BUY SET UP. From one extreme of the ADR to the Bottom. The goal of a Sniper is to catch as many pips in the Daily ADR that the trend will allow. This system trades the MACRO Pivot Points so we are in the trede when it begin$ Never Over Leverage. Trust your trade set up. Have fun! I AM TRADING MADE SIMPLE. Master Jedi & Sensi of #SniperGang
Short
by Master-Jedi-Trader
1
SNIPER TRADING SYSTEM OVERVIEWThe Sniper Trading System is set up for the Sniper to make minimum 30pips Daily in Forex. The system is built on the algorithmic movements (aka TIMES of day) that the market has the highest probability to trend✅ The systems foundation is Market Structure that we frame with two formulas: Wick Formula that gives you the structure areas and 17:1 ADR Strategy which traps price vertically within a specific time period that the algorithm moves price. Today I will break down the system in a straight forward way. Box 5PM-1AM EST (From wick to wick) Measure how many pips this zone is. This is your MORNING ZONE. Your 12AM candle is the key to finding your set up. If the 12 AM 1 Hr is RED you are looking for BULLISH plays for the day. If your 12 AM Candle is Green you are looking for the BEARISH play. Once price breaks the high or low of your MORNING ZONE you look for the set ups in confluence with your 12 AM 1 Hr Candle. After we find our set up bias we drop down to the 15min to snipe the play. We have a very tight 5 pip Threshold aka Stop Loss on the trades so this allows you quickly to know when price isn’t going in your favor to pull the trade and wait for another entry. This system trades the Macro Pivot Points so we are always in the trade at the beginning vs waiting for a pullback which often times doesn’t happen cleanly. Take profits at Extremes of the ADR aka liquidity areas (top of the wicks to the body of the candles) This play happens every single day in the market like clockwork. News will set the moves back later so it’s best to trade AFTER news hits unless you are already deep in the trade. I still suggest pulling your profits before news. This system is consistent and will put your trading in AUTOMATIC. Check out today’s set up and how it followed the system perfectly. Never over leverage. Trust your set up. Have fun! Everybody eat$ I AM Master JEDI and Sensi of #SniperGang
by Master-Jedi-Trader
1
Will EURUSD Rally This WeekThis is the Futures Contract of EURUSD. The Futures Contract is simply where price is PREDICTED to trade to in the future. Traders Buy Futures Contracts to hedge their trades. #TradingMadeSimple So buy reading the Futures contract it gives the Sniper an edge to have a very good objective high probability perspective of where the market will probably trade to. This is the Monthly TF. The White Lines represent monthly SR. These are the brick 🧱 walls; the strongest areas of SR in the Forex Market. I’ve broken down the sell to the most probable Low that was created on the last day of trading in the month of September. Adding that the fundamentals for the EURO 💶 and the Dollar are perplexingly distraught there could be a major shift from EURO Falling to the depths of disparity and the Dollar 💵 soaring to the depths of no return. This sets up a very high probability for EURO to Rally in October or at least consolidate a while before breaking North to possibly take out those Equal Highs I have annotated with the red SR LINE. This would put the EURO 💶 above parity before the holiday season and bring the dollar 💵 down before Christmas here in the states. With all of that said who’s buying EURO next month? Never over leverage. Trust your trade set up aka Detailed ANALYSIS based on your technicals AND fundamentals. Have fun!!! Never risk more than you are prepared to lose because anything can happen in these Markets! I AM Pro Trading Made Simple. Master Jedi - Sensi of #SniperGang 🏦🏦🏦
CME:6E1!Long
by Master-Jedi-Trader
1
Weekly Analysis of September 25-30, 2022The importance of annotating the previous week is immeasurable. This gives you the proper perspective of where price has been and will likely go the following week. As Snipers in the Markets we rely heavily on past price action because it is indicative of future price action. Often times equal lows will get swept, imbalances aka FVG will get filled and equal highs and lows will get smashed. These are all areas that the algorithm that delivers price to the market reaches for at specific times of the day; every day in this multi TRILLION dollar space we know as FOREX. By studying your weekly analysis you are studying YOUR map of Price action on the asset that you are trading. You then get in sync how it moves, when it moves, and what levels of liquidity it will reach for. This chart is an example of the POWER of annotating the asset you trade and identifying the different times it moves. When you capitalize on these movements you capitalize on the PIP$! Never over leverage. This keeps your head in the game and allows your perspective to stay objective when draw downs will inevitably happen. You won't pull the trade early, and you'll allow the trade to manifest. Trust your set up. You wrote the script. You took the time to study price and where it has a high probability chance of going. Give price time to get there. Often times it will. Have Fun! This is the only space where you can make as much money as you want every day of the week! I AM Pro Trading Made Simple. Master Jedi-Sensi of #SniperGang Everybody Eat$
by Master-Jedi-Trader
The Cleaner on EURUSD! Narrative : Last week the NEWS generated a HUGE repricing and caused the market to drop that left a huge imbalance that hasn't been cleaned up yet. Imagine paying for a 5 star Hotel and you get to it and it's a mess from the last occupants who were a Rock Group that celebrated a vey successful tour:) Well this week is brand new and the market would want to clean up all imbalances before the inevitable DROP I believe is coming Mid Week. Fundamentally the writing is on the wall for the EURO unfortunately. The DXY is still in orbit and this drop is only temporary to clean up the imbalance it left when it took off like a rocket during that news day last week. But after the clean up I see the DXY Soaring because the Dollar is still SUPER INFLATED! Thus Euro will Fall deeper into parity. #SniperMarketMechanics All of that said: the potential dip in the DXY is adding more confluence for this ride LONG on EURUSD. To add even further confluence to this ride NORTH is: All imbalances and liquidity voids have been pretty much cleaned up on EURUSD. So it's a very great assumption that the algorithm will hunt the STOPS above since it ate pretty good down south! As always Never Over Leverage. The Forex market isn't a get rich quick space. But over time through proper risk management aka NOT OVER LEVERAGING your accounts will grow like an OAK TREE. Trust your set up. Give the narrative time to manifest and fall into the script. Have Fun! It's a new week and new gains are on the horizon! I AM Pro Trading Made Simple. Master Jedi & Sensi of #SniperGang --- EVERYBODY EAT$
Long
by Master-Jedi-Trader
NEWS NEWS NEWS! EURUSD Headed NORTH Finally!Narrative: News News and More News will cause for a very Unpredictable ride in this 7 Trillion $ space known as FOREX. Nevertheless we ride all waves: the trends as well as CONSOLIDATION. Why? When you trade with the Bias aka Trend; after the dust settles; you'll always be on the RIGHT side of Hi$TORY. The 13th News driven DUMP was nothing short but AMAZING! Those Long candles created on New$ days create Great opportunities to catch the RETURN TRIP for the Premium Price as well. Yesterday the 14th we experienced delays on the 1st Class Trip North due to heavy NEWS. Price stalled and had to return due to weather aka NEWS:) Nevertheless we know when HUGE Imbalances are created they normally are retraced 45-50% minimum if not MORE. The DXY 4hr is Cleaning up the swings and headed to fill that huge imbalance it left on the 13th as well. We use the DXY as our #1 Indicator because it is the Ying to EUR's YANG. Add all of those Real Time Confluences together and you have a very High Probability Trade with Low risk as you can see indicated in this Beautiful Chart. As always Never Over Leverage. Trust your trade set up. Especially on trades that you stand to profit MAJOR PIPS. The algorithm's job is to STOP HUNT to make the narrative interesting. Most importantly HAVE FUN. What other space you know where you can make as much $ as you want every day? I AM Pro-Trading Made Simple. Master Jedi & Sensi of #SniperGang EVERYBODY EAT$
by Master-Jedi-Trader