NZDJPY waiting for shortHi Traders,
This is our view on this cross for the next days.
#NZDJPY
SELL 74.7
SL 74.85
TP 74.27
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
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Freesignal
KEEP it SIMPLE!!!Look how clean this chart is and how SIMPLE it is to understand! I really don't know why so many people insist on having 100s of indicators on charts where they cant even see what price is doing.
We can clearly see a strong support level here on the daily (125) and this is where i am looking at price hitting before more bullish moves up. Now price has already come within 10 pips of this level so could push up from here, if i see a key level like this then i will normally set an order to go live 10 pips before the level in question just in case price doesn't reach.
The level in question is strong support for the reason it has been used historically a number of times as support and resistance, recently breaking what was strong resistance so we then look for price to retest this level as support.
If you have any questions about trading then feel free to come have a chat.
Cant BREATH without the POLICE coming after you.Down we go!!! Now if the world was normal then i would say the technicals were really STRONG and i would be taking BUYS off my 141 level as it is a key level that has been used many times as support and resistance... But the world is far from normal so i am shorting the HELL out of this!
GBP can only go 1 way for me and that's DOWN! Why i hear you ask!? Because of all the lockdowns in the UK and they are even looking at bringing in tighter restrictions, not sure how they can tighten them anymore as rite now you are not aloud to breath without the police knocking on your door asking if you are paying tax for fresh air lol.
So if the economy is as bad as it is and it will only get worse in 2021 then how can GBP strengthen? IT CANT.
I am in long swing trades on this so if i go a few pips into drawdown i am not bothered, if you get stressed when you go into drawdown then you are over risking.
Now freedom of speech has gone on trading view as well, we are becoming more like China everyday, So if you would like a chat about anything i will be happy to answer you.
USD going to HELL!!1.20000 is a lovely buy area for me, this has been used as a key support and resistance level historically and will be used many times again as it is a nice round number.
On December 1st 2020 price broke through this level which was acting as strong resistance! Price has not since come down to re test this level as support which i think price is on its way to do now. More than likely when such a strong level like this does break we will get a retest of that level before a bigger move in the direction of the break.
Personally i wouldn't sell down to this level but would wait to see if price does reach 1.20000 before placing the buy, just be patient! Jumping into a trade in no mans land is never a good idea at all.
USD is doomed and will only get weaker as they print more money! For this reason i am in a fair few USD sell swing trade positions.
If you would like to know more about the way i trade then come have a chat and i will be happy to help you!
USD will go to HELL!1.20000 is a lovely buy area for me, this has been used as a key support and resistance level historically and will be used many times again as it is a nice round number.
On December 1st 2020 price broke through this level which was acting as strong resistance! Price has not since come down to re test this level as support which i think price is on its way to do now. More than likely when such a strong level like this does break we will get a retest of that level before a bigger move in the direction of the break.
Personally i wouldn't sell down to this level but would wait to see if price does reach 1.20000 before placing the buy, just be patient! Jumping into a trade in no mans land is never a good idea at all.
USD is doomed and will only get weaker as they print more money! For this reason i am in a fair few USD sell swing trade positions.
If you would like to know more about the way i trade then come have a chat and i will be happy to help you!
EUR/USD Short Analysis (FREE SIGNAL) by 16 yr old! Proud. Hey guys in this chart we have a very clean setup as we wait for the reversal off a Fibonacci level we target our two extension levels and scale in as the trade goes in our direction. In this analysis you can see the purple trend line being broken and price moving out of the key level looking to retrace up to a level then sink below to our take profits. I hope you guys enjoy these because I'm just giving em out lol. Good luck and happy trading!
Possible trade idea for Gold for next weekWhen we look at the chart of Gold we can see that the price went below the support zone today. We will have to wait for the opening Sunday to see what the price does but if it keeps reacting how it is reacting now we should be looking to short gold in stead of going long because it appears that the fundamental part doesn't effect it.
When we look at what kind of news that we got today gold should have boosted but because of the FED that is keep buying into the bonds gold kept dropping.
Also when we look at stimulus it should normally also give gold a little boost but it looks like that all doesn't matter anymore.
So we have to wait for the opening on Sunday but the setup looks very valid for now.
The stop is also at a good point. Right above the falling wedge and above the Fibb extension.
This setup should take a while to hit the take profit but if we just get 2 more drop days like today it could be a very fast tp hit.
Please let me know in the comments what you think of it and feel free to share your idea for gold.
If you like the idea, don't forget to give it a like.
Possible SHS forming When we look at the chart we can see that there is a possibility of an shoulder head shoulder formation forming. If we get the break of the neckline we could consider to go short.
Please let me know in the comments what you think of it and share your idea for this pair also.
If you like the idea, don't forget to give it a like.
If you have any questions, feel free to pm me.
US30 SIGNAL (SELL after rejection on monthly trendline)TOPDOWN ANALYSIS: Shows Monthly uptrend INTO a BEARISH FLAG PATTERN
ACTION PLAN: 1.) Wait for price to show a break above previous high, then consolidate between monthly bearish flag trend line and show at least one 4h long wick rejection = enter a sell
2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven as we might see a consolidation and then a huge move lower (capital preservation is key)
MAGIC IF: 1.)If market does not show rejection for a short position, look for a bearish engulfing candle on a higher time frame (30min, 1h, 4h) and then enter
2.)If market does not consolidate (in anticipation for the next big move) and then push lower, expect a large bullish movement upwards and then a strong exhaustion and retracement
Reasons/ Confluences:
.Clear strong uptrend exhaustion = bearish flag on the Monthly timeframe
.Price has shown strong bullish move therefore the next must be a retracement or consolidation (because the market always moves in HH, LL and LL LH)
.Price is hitting strong Monthly and 4h resistance area
TIPS:
.Stocks are known for whiplash and false breakouts - therefore only take a trade when clear signs indicate an opportunity (in this case a break and retest and possible long wick rejection)
.us30 is known for its volatility, therefore take caution with this pair = do not overleverage/ risk what you cant afford to loose
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EURJPY hit the trendline and rejectedhello traders! BloomFX wishes you a happy and fulfilling New Year!
EURJPY has reached the trend line formed in the last 12 years from which it rejected!
judging by the pattern made in all these years, I expect the pair to keep the downward trend and in the coming weeks to test again the value of 120,900 or even 118,000! however, I will wait for the market to open and enter the sell at the first close for 1 day under 127,000
NOTE: this pair may be influenced in the short term by any news about the vaccine or Brexit!
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
EURGBP SHORTHello traders
EURGBP is under a bit of selling pressure and I believe we might see it go down a bit more.
If we break the 0.898 mark and go down, then the short is more likely. Wait for price return to return to around 0.9 to validate the short. After both requirements have been met, enter a sell.
We might see price going as low as 0.88, however, the path of least resistance is to 0.89 first. Have your take profit targets at 0.89 and probably at 0.88 if price continues going down. Place your stop loss at 0.908.
Like and share this idea if you find it useful. Comment and let me know what you think
Have a nice day traders.
EURJPY SHORTas I told you last week ... "EURJPY has reached the trend line where it has been following for more than 10 years, and we expect a drop to the 121,800 area. If we have a daily close above 127,000 we can expect it to follow its path and close the W formed in the last 2 years. "
As you can see, the pair has rejected the trend line and we expect a decline to the 121,800 area in the next period.
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
FREE strategy with 100% success rate! Message me.We can see that price has been bouncing around in a 100 pip range last week ready to make a breakout and a big run in 1 direction or the other. I am favouring more upside move so a bullish outlook for this pairing because my view on DXY this coming week in bearish meaning i think USD will weaken.
I will be looking to enter this trade on the retest of broken resistance as support, not at current price.
If you want to know more just send me a message.