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Forexswingtrading

BULLISH ON EURCAD. SWING TRADEEntry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also said that any recession resulting from this plan will be short and manageable. The current sentiment is mixed. As increasing rates for the euro may contribute to the recent uptrend, but it is uncertain whether markets are completely pricing in the hawkish tone
Long
by ErnieTrades_
BEARISH MOVE ON GBPUSDSold GBPUSD Entry 1.2020 Sl 1.2180 (160 pips) Tp 1.0685 (1335 pips) Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF. Large institution is in a short position on the pair. The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being resolved, but in fact are getting worse with their energy prices reaching a new ATH. Until this is addressed properly, I see a continuation to the downside.
Short
by ErnieTrades_
Thesis: downtrend contiuation on CADCHFLet's look at what institutional traders are doing. CAD has a long % of 42.65 and CHF only at 10.63%. Showing institutional traders favoring CHF. Retail traders on the other hand are long on CADCHF. 96% against only 4%. Usually when retail traders are heavy on one side, big money tends to go the opposite. Historically, this pair tends to fall during this season. Lastly, fundamentally , GDP growth and interest rates tends to favor CAD while inflation and unemployment favor CHF
Short
by ErnieTrades_
Thesis: Trend contiuation on NZDUSDWhat are institutional traders doing: NZD as a long % of 41.09 and USD of 76.29% What are retail traders doing: 32% of retail traders are long on NZDUSD while 68% are short. Remember, when over 60% of retail traders tilt one way, statistically and historically, institutional traders will push the opposite way. What history tells us? Historical data tells us that the market tends to rise during this month Fundamentals: GDP growth favors the USD while inflation, unemployment and interest rates favor NZD
Long
by ErnieTrades_
2
Thesis: Long on NZDCHFEntry .5856 SL .5699 TP .6300 What are institutional traders doing? We see NZD has a long % of 41.9 and CHF at 10.63%. Clearly showing institutional traders favoring CHF What are retail traders doing: Retail traders are 44% LONG and 56% SHORT. This information really only has a significance when retails tend to favor one side by more than 60%. What history tells us? Based on historical data, this market tends to rise during this month. Fundamentals: GDP growth and interest rates favor NZD while inflation and unemployment favors CHF
Long
by ErnieTrades_
XAUUSD Entries + Exits With My Trading Strategy!The NEW 1ON1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
FX:XAUUSD
by ExclusivelyFX
6
EURUSD - LONG TERM VIEWFX:EURUSD is currently trading in a range on weekly and daily basis. The crucial resistance level is 1.14246. The next two crucial levels are 1.15924 and 1.17006. If the trend line and the range breaks, these crucial levels are the next to reach . The forecast line is being followed from 2016, at 2020, we have seen a big volume when the price reached near to this line again. Trade Details : Trade Active: When range, trendline breaks Entry at or below = 1.14246 Stop Loss = 1.11679 , or the Red Forecast Line Target 1: 1.15924 Target 2: 1.17006 Trading period: 5-6 weeks or longer Take your trade only after doing your own analysis and plans. Happy Trading :)
Long
by Rajat_the_HERO