CADJPYThis is how we looking at CADJPY. We wait for a breakout and candle to close above our line. how you looking at this pair?
Fxmarket
USDCAD 15min Chart, Bearish Direction30 pip SL, targeting 1:3RR. UCAD has shown 15min RSI Div into a daily supply zone.
USDCHF 1H Chart, Bearish Direction40pip SL, targeting 1:3RR. Trading a continuation here after 4H has already shown RSI Div
EURAUD 4H Chart, bearish direction55 pip SL, targeting 1:3RR. I am trading a continuation on this downtrend based off S-Zone, Support broken/turned Resistance, and some EMA crossovers for the retailers.
GBPNZD 4H Chart, Bearish Direction45 pip SL, targeting 1:3RR. After securing the win on previous GN short, i am going in on a continuation trade here off of an S-Zone.
EURUSD 15min chart, Bullish Direction 15pip SL with a 1:3RR. Beautiful 1H RSI Divergence into Demand.
USDCAD 1H chart, Bearish Direction25pip SL targeting 1:3RR. USDCAD is in a massive 4H Supply Zone currently, and it has just created 1H RSI Divergence for entry. Just a simple easy analysis!
EURNZD 1H Chart, Bearish Direction50pip SL, targeting 1:3RR. After hitting our TP from the previous short, i am looking to capitalize on this by entering a continuation trade. Got an S-Zone here for entry, but its also rejecting a .369 fib level as well as multiple EMA crossovers (not shown).
USDJPY 1H Chart, Bearish Direction30 pip SL, targeting 1:3. UJ has liquidated the imbalance from the large drop previously and created 1H RSI as my entry.
USDCAD 4H Short, Bearish Direction30pip SL targeting 1:3RR. USDCAD has entered into a huge Supply Zone while also forming 4H RSI Divergence. We will short the top and watch the impending fall.
EUR/USD -19/9/2022-• Descending bearish channel on daily chart
• As you can see, Euro Dollar has been trading in waves within a descending channel with each wave breaking and making a new bottom at least by 200 pips lower than the previous one
• However, during the last wave we are in now, sellers seem exhausted and unconvinced
• The new low is barely within 100 pips than the previous low, which puts us in a consolidation phase
• Consolidation phase so breakout soon, either ways
• Consolidation meaning neither buyers or sellers dominate; and that is because markets are waiting the FED decision to engage again
• I don't expect a breakout before Wednesday or even Thursday out of the 0.99-1.01 range
• Updates to be posted later this week, probably after FED's decision
Trading recommendations:
• Buy on a solid and successful breakout above the channel, stop loss below the upper trend line
• Sell on a confirmed break below recent range, or on a failed breakout above the upper trend line with stop loss above it
EURCHF thesisHere's how I'm currently looking at the EURCHF on the 1H timeframe. What's your thought on this pair?
GBPAUD ThesisCan we see GBPAUD move higher from here? here's a 1hour perspective on this pair.... What's your thought?
EURAUD ThesisEURAUD Thesis; this is how i'm currently looking at this pair. What's your thought on this pair?
EURCAD ThesisEURCAD thesis: a head and shoulder pattern has been formed, can we expect this pair to move lower? What is your thought on this pair?
What is Forex and How Big It Is?💱
Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates.
Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily.
Forex market is a vital element for a global economy because it provides capital exchanges between the countries.
The main market participants of forex market are central banks, commercial banks, commercial companies, hedge funds and investors.
🕰In order to grasp how big is that market, take a look what is happening on that just in 60 seconds:
📎Total transactions value reaches 3.52 billion US dollars.
📎 1.15 billion dollars of spot transactions.
📎 1.65 billion dollar of exchange swaps.
📎 Total transactions value involving USD reaches 3 billion US dollars.
📎 Total transactions value involving EURO reaches 1.1 billion US dollars.
📎 Just one single EUR/USD pair accumulates 812 million US dollars transactions value.
It is hard to imagine how such big amounts are rolling with such a frequency and how insignificant are the orders of individual traders.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Long SetupGBPUSD - What I see. GU is currently at a BuOB (Bullish Orderblock). Saw a nice reaction today, respecting that OB.
I would wait for tomorrow for the London Open. And wait for Judas Swing, before taking any Longs❗
Take note.✍🏽
AUDJPY - Short BiasAfter a 5-wave decline from 95.74 to 90.46, the pair is correcting in a 3-wave pattern. It is not clear whether the correction is over or one more upwards leg is on the cards, but I prefer to play this from the short side as long as we trade below 95.74. A break above this resistance will make us reconsider our count, otherwise we expect a large decline, through 90.46 towards 89.00
EUR/USD 4HR CHART BUY SET UPHi everyone this is my trade set up for the EUR/USD for the new week ahead
EUR/USD has changed to a bullish bias for me now, so i am expecting a pullback to the order block zone and will be looking for a buy trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
EURCHF: Pullback From Key Level 🇪🇺🇨🇭
EURCHF reached key daily structure support recently.
On that, the price formed an inverted h&s pattern and broke and closed above a falling wedge pattern.
Now further growth is expected.
Goals: 1.08 / 1.085
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