POTENTIAL BUYING OPPORTUNITY ON AUDJPYOn the monthly time frame we have formed a bearish rejection pattern...50/50 bounce on monthly TF.. On D1 we have OB retest formed equal lows
Forextradingsignals
GOLD (XAUUSD) DAILY TF UPDATE!! (THIS PAIR LOOKS VERY PROMISING)1. Big bullish body candle close on the
daily due to the NFP news release.
but I'd like to point out that
price is now testing a major level resistance
which is showing a price rejection.
2. We've already seen 2 retests on this level
before and we've noticed that everytime
the price retested this area, it got rejected.
3. I'd like to point-out the reason why is because
the price before has been bearish after it
plummeted from 1900 level.
4. This time around, price has been very bullish
I'll wait for the retest on 1823-1825
area to find support and I'll take a long position if
price shows a bullish momentum.
Hell, Traders! Welcome to my channel. If you guys like my analysis on gold please give me a thumbs up and let me know your thoughts and leave a comment below. :)
EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDRUB top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#EURUSD#EURUSD
At the beginning of the second half of May, the instrument broke up the strong resistance 1.2177 and began to consolidate above this level.
Since the trend is upward, the price follows a growing channel, purchases are relevant at the moment.
At the end of last week, the currency pair made a false breakdown of 1.2177 and the week closed above the resistance.
Now we see the beginning of the upward movement from the support 1.2177.
I expect an update of the peak 1.23496 and further growth towards strong resistance
#GBPUSD#GBPUSD
In early May, the price broke through the 1.400 support zone.
Thus, she left the growing channel. After fixing at the 1.403 support, the price continued to rise. It broke through the 1.409 support level. And it came to the resistance level 1.418. I expect a fall from this point.
The target is 1.409.
EURUSD 15min Signal: Possible ShortEURUSD has been largely affected by inflation concerns. While central banks offered easing measures to combat the impact of covid19 on the economies, the risk for inflation increased.
The market is still assessing the risks, which my trigger some volatility in basket of currencies. Regarding EURUSD, it may initially appear EURUSD may be positioned for corrective gains. A deeper look into the charts suggest EURUSD downtrend my resume.
To have a better entry, a break below the middle line (which is a must for the setup) may pave the way for stronger weakness towards the third line, which is the target of the signal.
The strategy is intentionally kept simple.
EURJPY long valid 💹↗️✅Morning Traders.
Overnight our strategy has presented a long trade on EURJPY
We are working the H1 time frame here with the script in use set to a take profit target off 95 pips.
Now I don't recommend jumping on random TradingView ideas as in my opinion that wouldn't be a consistent way to trade and there is no plan implemented.
Our strategy is a trend following strategy, can be used on any instrument and time frame.
The strategy works within your own Tradingview and can be set to your style of trading.
When trades present on the chart with all the relevant data also printed, we simply enter those trades and stick too the plan.
No lines, no S&R - no analysis, all I have to do is follow it. This manner of trading also helps with emotions.
The built in strategy tester allows our traders to be clear on how the settings they have entered into the strategy have performed on the pair and time frame they desire to trade. No one can predict the future but the historic data gives us all great confidence in entering the markets knowing how previous trades have played out.
The data for the pair in question and the method in which it's being traded can be found at the foot of this idea.
As mentioned we are working EJ here to the H1 time frame. Our risk reward is just shy of 1:5. Data is back tested from January 2017 to today.
The data is based on £500 starting capital and 1% risked per trade. That data shows us as traders that trading the pair in this manner has produced 469% ROI!!
That is 580 trades worth of date with 31% of trades being profitable. This level of data adds so much value and confidence to our trading plan.
Feel free to also press the sub menu on the window below and you will see our strategy also logs every trade which will confirm and support all open and closed positions.
A lot of traders journal results as good working practice. Our strategy does all this automatically.
For any more information on the strategy in use please feel free to drop me a message.
EURUSD US PMI Trading StrategyEURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level.
The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility as we near the end of 2020.
The signal setup is intentionally kept simple.
EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as
The potential target is around 1.2040.
As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours.
The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
$EURGBP sideways breakout potential$EURGBP is testing again the 0.9000 triangle breakout level after the falling trend line another rejection and bear flag breakout. Usually this kind of prolonged consolidation lead to a strong breakot. Medium to long-term target in the case of this breakout could be at 0.8500.
GBPUSD 15min forex signal: Time to Long?GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue.
Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple.
Most of the recent volatility across global markets is due central banks' monetary policies and the tension caused by the coronavirus.
EURUSD FX Signal: Bearish Signs or More Room to the Upside?EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats.
Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830. In an event EURUSD does post a 4hr close above the resistance it may pave the way for stronger gains towards 1.1940.
You may have noticed that the market has changed in the past several weeks, it may be due to the monetary policies of central banks across the word to combat the coronavrus impact on the economy.
USDJPY 15min Signal: Decent Dip for a Snap ScalpThere is a potential long entry (scalp) in USDJPY via the 15min Chart (lines highlighted). The break above the neckline (reversed H&S) may suggest some gains are due for USDJPY. It may also support our prior entry in EURUSD that was recently published.
The potential target is 107.35, the support at 107.25.
EURUSD 30min Signal: Tech Resistance in SightFX:EURUSD
EURUSD reached a fairly firm resistance on the 30min chart as seen in the chart. The resistance has been tested on 4 different occasions and prevented EURUSD from climbing higher.
The potential target is 1.1415.
EURUSD H1 - Long Trade SetupEURUSD H1 - Decluttered EURUSD a fair bit, if DXY double top holds, we should see EURUSD bounce. Pretty much mirror images of each other if you remember us mentioning this on one of the technical rundown videos.
EURGBP consolidates, are we to see another move lower?EURGBP has consolidated towards the bottom of the recent move lower. The pair approaches overbought conditions, yet hasn't attempted to break higher. We are therefore expecting a break lower after a bounce from the top of the wedge.
AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart.
Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
