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USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD , if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful . If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to hear how your trade went. On behalf of Alpha Trading Group, Trade safe and I'll see you all in the next video.
by AlphaTrading-Group
GBPNZD - Full Analysis Breakdown Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPNZD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went. On behalf of Alpha Trading Group, Trade safe and ill see you all in the next video.
Short
by AlphaTrading-Group
3
XAU/USD Long!!!Top Down Analysis WEEKLY TIMEFRAME So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up. DAILY TIMEFRAME So based on our weekly, we see formation of lower high and lower low in the daily timeframe , coinciding with the weekly. giving us a good confluence for a potential drop. so when we draw our target based on our lower high and lower low. we see price is completely respecting the 61.8 % which we saw a drop but didnt reach the potential extension level around 1430.00 H4 and H1 TIMEFRAME we completely see price consolidating at around 1476 to 1450 and when you look at the previous lower low we see break of structure and a potential retrace to about 61.8% before further drop.Also the price rejection around 1450 gives me more confirmation for price rally before dropping. so our target1=1476 target 2=1487 NOTE SINCE XAU/USD Is so volatility keep your risk minimum and and move your stop loss to profit. we have NFP THIS WEEK. Be careful of the news
OANDA:XAUUSD
by ShinForex1
AUDJPY DAILY 10/20/19 AUDJPY Short Idea Price action has been primarily bearish on higher time-frames and we will continue to look for potential short entries Current price action is at key daily resistance around 74.500 as well as the daily 61.8% fib level Ideally we would like to see a strong bearish signal at this level before targeting lower. A bearish engulfing or evening start would be prime confirmation and would solidify a daily double top pattern Look to target toward the weekly support around 70.00 as well as the -27.2% & -61.8% fibb level
Short
by ForexLeague
GBPAUD 4hour 10/14/19GBPAUD Long Idea Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up with the 38.2% 4hour fib level Our target will be the monthly resistance around 1.87250 followed by our target at the -27% fib level around 1.885
Long
by ForexLeague
NZDCAD DAILY 10/13/19NZDCAD Short Idea Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be indication to short after a confirmed rejection from this level. We will look to target the -27% daily fib and weekly support around 0.8650 & 0.80250
Short
by ForexLeague
USDCHF Daily 10/13/19USDCHF Trade Idea Price action on the weekly timeframe has been stuck within a wide range between 0.94000 and 1.03500 Current price action on the daily timeframe has been steadily bullish and has just broken above a daily resistance level around 0.99000 If we take a look at where price action is we can see it is consolidating in an ascending triangle, this could be an indication that a bullish push is iminent Ideally we would like to see a break of resistance at 0.9987 with a retest, from there we can target our monthly resistance level around 1.0425 which would make for over a 400 pip trade If price action falls from this region we will look for a retest of the daily support which will then be daily resistance and target toward our weekly support around 0.97085
Long
by ForexLeague
NZDUSD Daily 9/30/19NzdUsd Short Idea Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level. Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones) After a confirmed rejection we will target the -27% daily fib level around 0.61075. Our second target will be the weekly -27% fib level around 0.54650 (The green zones) If price continues to drop from the current region we will wait until a bottom is found and a prz level has been hit.
Short
by ForexLeague
Gbpjpy h4 Technical Analysis by The Forex Scalperas indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we can expect a nice h4 bear engulfing keep in mind if we break 138,000 that we have just entered an entry take the new higher low on the first pullback! to avoid a fake out (liquidity grab)
by TheForexScalper
1
Possible AUD/CAD Short Position!! By Ben WrightSMP Trading SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top B – Beliefs Market will meet resistance @0.946 level and fall to the @0.94 level. In order to enter, the pair needs to be rejected by the Bollinger Band line FX:AUDCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 0.94 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Tier 1 Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
How to find extremely strong and accurate levels (Must Read!!).I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply and demand are perhaps the single most important concepts in any form of trading. You can easily find these levels if you accurately use past price data (candlesticks) as a reference point to current levels that may or may not break to find the best place to place entries and stop loss. Trading support and resistance levels are so abundant that you can go all the way back to 2010 and pick ANYWHERE to plot lines only to find out that they formed a perfect support or resistance level in the current times of 2018! This is the number reason why it's important to use the most current S&R levels as a reference point to where price is most likely to break through or bounce off. This is from my tradingview. (www.tradingview.com)
Education
by ElieTheForexTraitor
looking to short #USDCAD if some criterias are being metUSDCAD which has been on a downtrend had broken our weekly support key zone now turned resistance, retraces coming back to retest, gives us a double top inline with our ema, rejection at 781 fib level, we will wait for it to break our ctl before looking to go short, but there are a lot of confluences inline already to make us consider going short. Knowing how to plot these key levels, knowing how to use your fib properly is key too.
Short
by chivo4all