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.
Forextradingsignals
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.
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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Adil Khan
AUDCAD Cautiously Bullish wait and see AUDCAD for the better part entered into a downward stretch last week largely from disappointment from RBA rate cut signals. However this pair traded with heavy volume into support zone last week and it is our view that consolidation for buy orders should resume. However, this needs to be confirmed above current support zone shown and target will be as per blue arrow line for buy and hold.
On the downside, daily close of current support zone is needed to eradicate bullish view for further downside extension into price lows.
See video for analyses
AUDCHF Neutral (Wait and See)FX:AUDCHF neutral at the moment. Our technical analyses measurement of market sentiment suggests a wait and see approach. Daily close above current downward sloping trend line could be met by brief retracement before onward bullish continuation. Further downward movement will be confirmed only after break of current support confluence zone. See video for further analyses
USDJPY Trade Idea: The Strength of the 15min ReracementThe US Dollar (USD) weakened on Friday on reports a short-term funding bill will re-open the US government for several weeks (at least). Based on the 15min Chart USDJPY may have reached its support (as highlighted on the char), paving the way for corrective gains.
The potential target as well as the possible location of the protective stop are marked on the chart.
GBPNZD Bullish Update on 1 HR QUICK 50+ PIPSSomeone wanted to know how this would look on the 1 HR chart. The original markup was completed on the daily chart, which can often be difficult to translate to the hourly chart. As you can see GBPNZD is due for a break out to the upper support level. You will notice higher lows on the hourly chart. I feel this will be a quick 50+ PIP move over the new few (Possibly 3 or 4) hours.
-Thanks for reading. Much success.
-StampsFX
EURUSD Trading Signal: 'Hooking' a Rally?EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling.
There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward.
Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
EURUSD NFP Strategy: Into the DipTrade tension between the US and China are contributing to the recent USD strength at the time of this writing. New tariffs on China may lead to a retaliation, causing some nervousness in global markets.
As a result the focus on the Non-Farm Payrolls (NFP) may be limited, however, some reaction is often seen when the US employment figures are released.
Initiating a trade at market price prior to the NFP may require a larger protective stop due to the volatile market conditions that are often seen upon the release of the figures.
Our strategy is fairly straightforward, a buy limit order may be more appropriate. I highlighted on the chart the key levels in EURUSD. Do note that this setup is for experienced technical traders only.
An appropriate entry price may be at 1.1547, protective stop layered at 1.1500, targeting 1.1620.
The estimated duration for the strategy is no longer than 30 - 45 minutes. The risk ratio is poor but it is a short-term strategy. I must also highlight the risk of exercising the strategy as significant volatility may be seen. Over-leveraging is not encouraged. The aim of the protective stop is to contain losses rather than prevent losses.
I will rarely post trade ideas with an entry, stop and take profit in tradingview, this is an exception. In an event EURUSD will continue trading lower prior to the NFP where it is only 40 pips from the entry price I suggest to cancel the order. In an event EURUSD does not trigger the entry within 15 minutes after the release I suggest to cancel the buy limit order.