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Forextradingzones

why do we wait for a break of a zone? why do we always wait for price to break zones before placing our trades? because we know that we have multiple levels of buy and sell pressure in that zone so we have to wait for buyers or sellers to win in order to give us the direction of that currency. so if price breaks our weekly zone to the downside we can say that sellers have the power and then we can look for trades to our next zones of buy pressure. in the zones there will be lots of buy and sell limit orders as its a historical level, we don't want to place our trades in that area as normal market movements will more than likely stop us out so we like to put the odds in our favour and wait for the break and price action confirmation before placing our trades.
by Trade_Rocket_Investments
Anyone in EURNZD sells 🙋‍♂️🤞Entry details are shown on the chart. Our strategy picked this trade up two days ago and it has now started to move. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPUSD review The prevailing trend is upward and compared to past and old data is much lower than its real value and can be expected to continue to climb, but the dollar index must also be examined. Supports and resistances have already been drawn to which reactions are very clear and moving in a long-term uptrend channel. After dealing with the support, it will probably touch the resistance again, and if the resistance breaks and stabilizes above it, it is time for the pullback to take the position.
by Therezavni
2
EUR/JPY Monthly Bearish Divergence Swing TradeFor all of my fellow swing traders. EUR/JPY has a bearish divergence on the monthly time frame with a lower high in price and a higher high on RSI. It also has a bearish divergence on the weekly time frame and the daily time frame. I'm not sure the exact time it will reverse but the next few weeks I would be looking for huge bearish reversal patterns for this pair and to enter after that. You don't want to enter prematurely so let's wait for confirmation!
Short
by TradingWithCody
Good pound positionsHello guys As you can see it has reached a minor resistance to which it is apparently reacting But we have to wait to see if it breaks the resistance and stabilizes above it, or if it wants to return to support, and we can also look at the dollar index. If the resistance is broken and it is proven above it, a good position can be taken with its pullback, and also if the support returns, a good position can be obtained. Overall, the pound is up because the market is lower than in previous data.
by Therezavni
AUDUSD POSSIBLE SELL! Hey traders! In this chart, I have a level marked out where price is very responsive to in terms of resisting or the level acting as a support. As we see, price has approached this level again, and so I was looking for opportunities for either a sell or a buy; considering where price went. On the 15-minute time frame, I can see a bear flag has been formed and a trend line I had also marked earlier- on the smaller time frames- has also been broken through. What are your ideas? I am 3 months into forex trading and so any constructive criticism would be highly appreciated!
Short
by Captain-K
AUDUSD reviewDescription : If we examine the medium-term situation: Consisting of a 6-month uptrend line and a strong resistance against which we see strong price reactions in the daily time frame, this line is likely to maintain the price trend and touch the resistance and return because the dollar index is also near its bottom. And it is likely that at that time the dollar will start to rise and return. However, the short-term situation can be expected to fluctuate in the small channel that has been formed, but it also has resistance to which the price is likely to react, but it will probably be overcome by an upward trend.
by Therezavni
Likely to start a stronger dollar against the Canadian dollar Hello guys We see almost 5 years of support and resistance, which have a good reputation and about 4 years have passed since the last touch. Some people believe that the short-term memory of the market is more important. Yes, sometimes this is true, but sometimes in situations of the long-term memory market it is especially important. If we want to enter, it is better to enter in 1.2 than the stop rate. Be less. During this time, we all saw that the Canadian dollar prevailed, and the reason for this was the declining trend of the dollar against the Canadian dollar, and now it is better to change the scenarios a little.
Long
by Therezavni
Start climbingHello guys We have been waiting for the defeat of the resistance for a long time, and now it is apparently broken and plays the role of support It is only very important that it is fixed on top It is located in a long-term uptrend channel, which apparently tends to start an uptrend after hitting the bottom of the channel, but it will be very difficult for it to touch the channel ceiling because it has a strong and long-term resistance with many collisions, but now We have to see if it can maintain itself above the newly broken resistance.
Long
by Therezavni
1
I ANALYZE FOR YOUR COMFORT - EUR/USD The previous analysis was validated by the Market, EUR / USD rising to the resistance marked with a red line. We are starting this so-called "inflation week", because many countries will report their inflation indicators these days. Depending on the European and American indicators, the route of this pair will be decided. However, I would predict that there are more chances as EUR / USD to continue ascending, provided that it first overcomes this resistance. If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will publish the analysis. Everything is green !!
by Viorex
2
Japanese Yen or US Dollar?Hello guys We see that it has strong support and an upward trend line that it supports But there is a newly formed downtrend line that we have to wait to see if the trend line is broken or further support will be lost but support has more power and is more likely to break the trend line but there is no certainty and the index should move Let's also look at the dollar. If support is lost, we should see more falls, but if the trend line is broken, at least the climb to the nearest peak will be.
by Therezavni
Probability of price rise As you can see, a downward trend line has been formed that seems to be very strong. It has now reached a support that we think is strong enough that it will not break easily because its touch points are high. We are currently witnessing a strong compression. If this compression is broken, we will see a strong downward or upward movement. If support is maintained, we may see the price approach the trend line, but if it breaks, we may have to wait for the next support.
Long
by Therezavni