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GBPUSD SELL TRADE ( MARCH 28 2024) -Pending order mt4DAILY TF was forming distribution (although not yet complete) , but I can see the orderflow because of the market structure. I go to 4h --3h--2h--1h TF and noticed some short intra day trade that became swing trade as it moves) You can see in the chart that there was a supply (DBD formation) -march 22 friday. --> It was then validated by the market structure march 26 2024 (HH then CHOCH). I set pending order march 28 in my mt4 (morning), aiming for 1:8 RR. The trade was activated last thursday -evening and ran until weekend (of course there was a charge in my broker running trade on weekends hehe. ) TP HIT DURING N.Y and London overlap. Bearish movement. (A simple wyckoff distribution)
Short
by glyrad
1
⚠️EURUSD Analysis(Falling Soon)⚠️🏃 EURUSD is moving near 🔴 Heavy Resistance zone($1.1185-$1.0980) 🔴and Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the corrective Zigzag(ABC/5-3-5) inside the Ascending Channel . 🔔I expect EURUSD to move towards the 🟢 Support zone($1.0920-$1.0870) 🟢after breaking the 🟢 Support zone($1.0810-$1.0757) 🟢. Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
USDJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . USDJPY long ! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
USDJPY is Ready to GO UP by Symmetrical Triangle Pattern🚀🏃‍♂️ USDJPY is moving near the 🟡 Potential Reversal Zone(PRZ)(147.520 JPY-147.318 JPY) 🟡. ✅It also seems that USDJPY has succeeded in forming a Symmetrical Triangle Pattern . 📚 What is a Symmetrical Triangle❗️❓ 🔸 The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. 🔔I expect USDJPY to rise to at least the 🔴 Resistance zone(148.930 JPY-148.520 JPY) 🔴 after breaking the upper line of the triangle . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
USD CAD -SELL trade Activated March 6 2024Good day guys! another great trade ( pending sell limit activated last Wednesday) march 6 I started checking this pair because of USD CAD daily TF It is in area of distribution ( supply) ---> I manage to go down from 4H to 1H so I can see fluctuations and introducing new areas of supply in smaller timeframe. It took me 3 hrs to wait for proof and validity 1.35465 move lower (can be seen in 1H -15min TF) after this I set pending sell limit in my mt4. Aiming for 1:7 RR :) This was a perfect example of powerful supply (check daily to 4H TF) #wyckoffdistribution
Short
by glyrad
2
Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks. Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday). In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday. In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations. In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
by BlackBull_Markets