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EURUSD TRADE IDEA 30/11/2023In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to do before I conclude that the direction of the price has change from an uptrend to a downtrend. I'm sure you will enjoy this video so please give me a boost and also follow me.
by Francisbluepipsfx
FOREX SCHEDULEWhen the MONEY SWING HAPPENS the route BEGINS: The fake out to clean out BUY side liquidity. Then DIP to create low of the session. A Few Set ups will present afterwards. As Snipers we are trained to snipe with no hesitation. Our entries rarely have draw down because we trade with the INTERBANK ALGORITHM that provides price delivery for the Forex Market. We KNOW the schedule. We then leverage this wisdom to create our OBJECTIVE formulas and strategies to extract as many pips out of every move that the market makes at the BEGINNING of the move. TIME & PRICE are the only TWO indicators you need. Add in confluence of MACRO & MICRO PP. Consolidation zones (areas of liquidity where TRUE STRUCTURE resides.) You have the framework to build any set up to trap price for the snipe. Past price action tells the narrative everyday for future price action and set ups.. Because price is predictable just like the cycles of the year and the Morning and Nighttime. They come regardless. This is the same with FOREX. A 3-5 PIP ThresHOLD will keep you in the game and allow you to adjust if your set up shows signs of not holding up. Never over leverage. Trust your trade set up. Have Fun!
Short
by Master-Jedi-Trader
GBP/CHF - could move very quickly down after 1.1690!GBP/CHF price action broke out of an ascending daily trend channel on the 8th September. This triggered a bearish impulse taking price right the way back down to the 1.1690 level. Last week we saw price 'take a breather' and retrace back up to 1.1825 and then react from a 4H descending trend line, which is now forcing price lower. If we get another break of 1.1690 AND a definite close beneath it, we can only see price continuing down to the lows from March sitting at 1.1250. There is extremely little in the way of support that could act as a potential barrier for this move which may mean that it happens relatively quickly. Keep an eye on this pair! If price continues to close above 1.1690 this analysis would become invalid.
Short
by TheForexFellows
EUR/USD - daily ascending trend broken, awaiting drop!EUR/USD price action broke to the downside from a daily ascending trend channel on 9th September. After this break, support was found at 1.1750 sending price back up to 1.1900, which was a retest of the daily ascending trend channel. Since then price has ranged between 1.1750 and 1.1900. As price has now formed a lower high, we are awaiting another drop to the downside. We will be watching the zone in question which is a confluence between the overall monthly descending trend line and the newly forming 4H descending trend line. Late last week price may have already begun to react from this level for a larger push to the downside. If price creates a higher high this analysis will become invalid.
Short
by TheForexFellows