EURZARThis trade is a success. The EURZAR has rallied over 300 pips since the bounce from the uptrend low. T he pair has hit both take profits @20.60000 and @20.750000. Earlier analysis highlighted the key 21.00000 level as our long term target.
Forexsetup
EUR/USDDue to the break of the medium-term trend, and the regular upward movement in a regular trend, there is a possibility of price increase in the same trend.
(This is just a personal opinion)
EURJPY BUY EURJPY Buy - 4 hour time frame Wedge Pattern Formation Breakout completed and Trend Reversal also .
Entry - 160.200
Target - 161.350
Thank you ..
AUDUSD SELL Audusd - 4 hr timeframe near Resistance area . 30 min double top formation . Wait for neckline breakout .
Entry - 0.65000
Target - 0.65850
Stoploss - 0.65200
Title: GBP/USD Short Opportunity on Retest of 1.26695 ResistanceTitle: GBP/USD Short Opportunity on Retest of 1.26695 Resistance
Overview:
The GBP/USD pair is currently exhibiting bearish tendencies, with the price encountering a key resistance level at 1.26695. This presents an intriguing short opportunity, aligning with the overall bearish sentiment.
Technical Analysis:
Major Resistance at 1.26695: The price has previously faced rejection at this level, establishing it as a significant resistance point.
Bearish Divergence on MACD: The MACD indicator is showing a bearish divergence, suggesting weakening buying momentum.
Fibonacci Retracement: The current price level coincides with the 61.8% Fibonacci retracement from the recent swing high, adding confluence to the resistance.
Trade Setup:
Entry: Short entry around the 1.26695 level or on a confirmed rejection from this resistance.
Stop-Loss: Place a stop-loss above the recent swing high or a suitable level that aligns with your risk tolerance.
Take Profit: Target areas of potential support, such as previous swing lows or key Fibonacci retracement levels.
USD-JPY: LONG CALL: ONE HOUR TIME FRAMEUSD is clearly moving in a bullish direction against the JPY. Thus this trade can be a good opportunity for a LONG trade at One hour interval. NOTE: If you are planning to take this trade then do not forget to put your SL. Once the TP1 hits, bring your SL to Breakeven.
Best of Luck.
Silver ready buy read the caption As per the preliminary consensus, the US economy grew at a slower pace of 2.1% after expanding 4.8% in the third quarter of 2023. A slower growth rate would undermine the argument supporting a restrictive interest rate policy atleast until second quarter ends.silver ready to jump
The hopes for an interest rate-cut by the Federal Reserve (Fed) has already eased significantly as the US economy is resilient on the grounds of labor market and consumer spending. • As per the CME Fedwatch tool, chances in favour of an interest rate cut by 25 basis-points (bps) have dropped to 42.3%.
Dxy waiting for confirmation read the caption Dollar Update: sideways if break this area then go down otherwise go up wait for confirmation
Now This Is Decision Area ANd YOu Can See Down Below Both Price Action
If Dollar Make 2 Consolidation With Slow price action ups than down it could be good for bullish Other See Type Of Correction If Get decent Correction it will drop again
key Point: If Rise With Volume It
WIll Also Good For rise
GBP USD buy trade activatedAs you can see in my chart - this is a simple trade using wyckoff schematics.
1H is my main TF of analysis (intra day trade)
after that I go to 45-30-15 min and look for shift in market structure. I found out accumulation in this 15minTF and then I wait for IC creation + validity/ proof.
I set my pending order with an RR of 1:8 Using distribution schematics in higher TF.
Please check the chart for more information :)
Pending order activated and it took half day to reach the target.
USDJPY (H4) Sell now at 145.240OANDA:USDJPY USDJPY (H4) There were reaction signals after RSI divergence appears
Sell now at 145.240
Stop loss at 145.601
Take Profit 1 at 144.485
Take Profit 1 at 143.643
USDJPY can go UP from 🟢Support zone🟢➡️RR=2.45🏃♂️ USDJPY is moving near the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢.
🌊According to Elliott's wave theory , USDJPY has successfully completed wave A in the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴.
🌊The structure of corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect wave B to end at the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢, and USDJPY will trend higher again and at least GO UP to the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴again.
👑 Position :
USDJPY
Position : Long
Entry Point : 143.429 JPY (Limit Order)
Stop Loss : 142.440 JPY
Take Profits : 4145.852 JPY// 144.414 JPY(RR=1.00)
Risk-To-Reward : 2.45
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 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.
USD CAD December 12 2023 pending order activatedAs you can see, USDCAD react from above supply and then manipulating highs in 1h- 30min-15min TF. (1.38770 supply) .
If you check the 1H TF , you will see a footprint of smartmoney making LH (this is the part where Im taking my pending sell order) mt5 platform. check chart for a detailed move aiming for another lower low in 4h and daily TF.
Today my trade was activated and i ride this sell position. aiming for 1:5RR
Distribution schematics ( Wyckoff)
December 1 2023 - GBPUSD Buy Trade ActivatedHi guys!
I have here a simple trade this week, checking the daily TF of pound dollar, i noticed a supply above (nov. 29 2023) -Nov. 30 move.
After checking the bullish move on daily---> 4h---> 3h-->2h--> 1h. I checked for possible demand zone and set a pending order in my mt5 raw account.
Nov 30 2023--> it reacted to my POI (point of interest) . so i wait until my pending order was activated . Indeed it really touched the price im aiming for and then i look for validity and proof of the zone. wyckoff accumulation on 5 min and 15 min tf. (please check chart for reference.
RR: 1:8
1% of capital aiming for 8 % on this trade.
Another great trade and wisdom from GOD. :)
Patience is always the key.
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.
Multi year move in Gold?The structure of gold still remains bullish, a small cup and handle is forming within the handle region of a larger cup and handle. A decisive breakout of the handle might start a multi - year bull run in GOLD.
KEEP IT IN YOUR WATCHLIST!
EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
EURUSD FORECAST 21/NOV/2023In this video, I did a full breakdown of eurusd, showing the important levels of structure in the market, and how I intend to trade today. I also talked about what I will expect to see before I take a trade and what I'll see that will make me not to take a trade.
If you like this kind of video, Please follow me and give me a boost.
EURUSD TRADING IDEA FOR 17/NOV/2023I'm sorry for sniffing loudly like that. I'm still recovering from catarrh, cough and other upper respiratory tract infection related sickness.
I made a full breakdown of this pair, analyzing what I expect to happen on this pair. If you liked the video, please follow me and give me a boost.
EURUSD ANAYLYSIS 16/11/2023I'm sorry I'm unable to make a video today. I'm currently down with ear pain, catarrh, cough and sore throat, and they're killing my voice.
For today, I'm not expecting much. The price appears to be rejecting the weekly 50% fib level I have been talking about. This means there's a possibility for a move downwards today too.
On the 4h timeframe, the price looks like it's respecting the ascending channel I added to the chart in yesterday's video. This is in alignment with the weekly fib level rejection. It also supports a move lower.
From the 1h timeframe, We can see that the price is already creating lower lows and lower highs which signifies a down trend. This simply means all the relevant timeframes are in alignment for a move downwards, so I'll be looking for shorting opportunities on this pair today. However, we already know that it's not wise to just take a trade from anywhere so the big question is what level will I be looking out for. I will be looking out for the 1.08500 level. That is the nearest psychological level to the price and it is currently trading below that level.
What I will be doing now is just to wait for the price to get to the 1.08500 level. When it gets there, I will expect to see the price show me an entry reason to this pair. If the price does that, I'll take a short trade. But if the price just breaks higher and keeps moving, then there's no trading opportunity. Always apply proper risk management when trading.
USD/CHF Sell Opportunity - Swing Trade - 0.90000 Key ResistanceI have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks.
From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
EUR/NZD Sells Active - Swing Trade - Key Resistance 1.80500I have just taken a sell position on EUR/NZD expecting some good selling pressure over the next couple of weeks.
From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade idea.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
GBPUSD LONG ENTRY NOV 2 2023Accumulation schematics shown in 1h TF.
Check the market structure and you can find liquidity grab from 45min timeframe down to 5min time frame. Its funny how fractals work because as you can see the daily is bearish but if you zoom in to 4h----> 1H you can notice the retracement because of demand zone interaction .
I go to 30min and 15 min timeframe for entry. wait for validation and pull the trigger.
check the charts and see the exact entry november 2 new york session activated the pending order.
RR: 1:14
ACCUMULATION
GBPAUD LONGExpecting price to break the 1.93100 resistance zone and buy to the next zone which is
1.94900.. 160 pips setup
Always Apply risk management
