NZDJPY H4 - Long Trade SetupNZDJPY H4 - Looks like these eastern pairs (NZD and AUD) are trying to push. If we see a nice close above this zone and retest. We can look to buy in line with this setup.
Fxtrader
3-Timframes say "If you trade on me will be Miserable for you"Hello! Friends,
I came with new research an idea but, before to start talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Recent LL at 106.8 will still react as current support is the question?
Lower high at 109.4 is not confirmed. If the price falls below 106.8 and create a new low with sharp fall confirm the LH.
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"" DAILY CHART ""
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parallel channel with control price 1 and 2 plotted on the chart. Price is trading middle of the value area.
Conclusion about trading until, price dose not test/touch C1 or C2 .
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"" WEEKLY CHART ""
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Flag Pattern
Volume change
Major Resistance and Support
Parallel Channel
The current trend is downward .
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85
▪️ Short term momentum is bullish.
▪️ Bespoke support is located at 64.82.
▪️ The trend of higher lows is located at 64.82.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward.
Stop: 64.65
Target1: 65.70
Target2: 66.00
GBPUSD - What's the next big move ?? This analysis was mainly based on the Wyckoff Theory and price actions, i've notced over the few weeks that the market has taken out alot of buy orders in need to make the next trend. Question is what will happen next ?
EURUSD LongThe price of this pair dropped very nicely today and now reach an important zone of support, we can expect a pullback affter the candle confirmation
DON'T GET FAKED BY NZDUSD!OANDA:NZDUSD
Price has broken back into long-term structure.
This shows that bears attempted to break price lower and got rejected.
Bulls moved price back into structure, indicating a bullish turn of momentum.
This is further backed up by price action on the 1D chart
This chart shows that the power bulls provided through two candles, takes the bears 5 candle closes to return.
This further shows the bulls strength in the market.
It's also quite clear that the current bearish push is a lot weaker than the prev one.
Well guys, thanks for reading through my analysis!
Be sure to keep an eye out!
Quick tip: every day is not a trading day, only trade high probability setups.
-TheFXAngel
𝗟𝗶𝗸𝗲𝗱 𝘁𝗵𝗲 𝗶𝗱𝗲𝗮? 𝗙𝗼𝗹𝗹𝗼𝘄 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲!
Quick Recap of GBPJPY & a quick look into AUDUSD Potential Long Please excuse my daughters crying in the background lol its one of those days. However we are looking for a overall Long positions on AUDUSD to continue its over Weekly market flow
AUDCAD Testing Trendline, Maybe having trend reversalAUDCAD is testing the trendline in H4 timeframe, you can buy a few in this price
Waiting for H4 candle close, you can increase your long position
==> Buy
Plan as a picture
USDZAR Bearish MomentumWe believe that the USDZAR has reached its heights and the big players have taken their profits. It is now preparing to enter a sell for the 100-period breakout.
Wait for confirmation candlesWhat do we mean by waiting for confirmation candles? SHOOTING STARS OR CANDLES OF INDECISION before taking any trade. Zone to zone papii!.... if you cant map it out, don't take a trade! swingtrading
AUDJPY Short Trading Idea AUDJPY Trade Idea Short
SL: 71.984
ENTRY: 71.881
ENTRY2: 71.733
TP1: 71.612
TP2: 71.413
TP3: 71.102
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
EURAUD Long Trade Idea EURAUD Trade Idea Long
SL: 1.62829
ENTRY: 1.62914
ENTRY2: 1.63024
TP1: 1.63098
TP2: 1.63252
TP3: 1.63502
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
AUDNZD trade ideaOne good thing about trading Currency, there is always another trade. And at times setups show up in groups of similar patterns across multiple pairs.
Longer term chart patterns are much more reliable as patterns to play. First being a longer time frame chart pattern means more trades have been applied to form these pattern, and when they break—the moves are much more sudden and have a greater momentum behind them. All of which attracts new money into the direction or squeezes out those who are on the wrong side of the trade.
AUDNZD is just one pair where I have spotted a potential 5 wave Elliott pattern. This pattern usually is a sign of a 3 wave correction that should be coming, In other words a reversal pattern that can be played to a high degree.
My chart here is a 4H chart and what I see as the potential 5 wave top seems to be in place. ( it’s really not a top till it has been retested or a new top reset )
Usually in Asia trade or early in European trade after a bigger move in NY trade, a new push to retest the newly tops or bottoms in such wave patterns happen to a higher degree.
So for the over night ( my night that is ) I’m going to place a short order close to the marked 5th wave and another a tad bit higher ( in case of a retest or a new top takes place.)
I’ll place a 50 pip stop, and will target 1.0440-60 as my first profit target.
Al the best in your trades
Remember, either you make dust or you eat dust. Plan your trade and trade your plans.
NZDUSD trade idea
Thought I’d poss up some Forex trading snacks!
The NZDUSD is coming into a short term risk reward zone and up against a falling channel trend line. I see this as an opportunity to short some mainly because the price action is heading into multiple technical resistance zones and the back story is one of one of the most dovish central banks VS one central bank that is reluctantly becoming dovish. Also set into the mix, with a risk off stance currently entering the markets—the stronger of the two currencies is the USD just on it’s safe haven status.
On this 4 hour chart you can see the falling channel and current price action hovering around the upper channel around 0.6450
Using the last daily high price around 0.6470 as a stop zone, which is also above the falling trend line for some more possible added resistance. The pair would need to break what has been a stronger trend of late to invalidate this setup. My target for entry is 0.6440-50 , my targets would be the recent years low around 0.6300-50
Recap; short trade entry 0.6440-50
Stop. 0.6470
Total risk. 20-30 pips
Target 0.6300-50 or 100-150 pips
Risk reward Better then 1-3
Trade idea is only for education and training. Should you trade any idea the assumption of risk is all yours.
In trading you either make dust or you eat dust.
Plan your trade and trade you own plan.
All the best
XAUEUR Long/short position... Looking for break out and attention to reversal candlestick formation!!
If the market breaks out at the resistance 1282.60, potential bullish trend continuation.
If the market breaks down, outside of the ascending triangle we will target the support level of 1241.56
FOREXCOM:XAUEUR
BTC SET TO MEET RESISTANCE ($20K) AGAIN If btc touches the next support zone and the next candle appears to be a buying candle. Then we will be ready for a long term buy. probably up to $20k. breaking the second resistance($13.2k) and going to meet up the the first resistance. And which will be the second of it kind.
After the break we took profits and wait again...#GOLDAfter the break of the ressistance $1317.19 we go straight to the $1345.00 zone and close the trade around $1342.00.
Now we have to wait if the market has a bull momentum the price can touch $1355.00. But we need a clear break of the $1345.00 zone for expecting new HIGHS. Anyway now its time to wait. Good vibes
XAUUSD Setup Gold has approached a long term trendline will be watching for break or bounce scenario
New short order EUR/CAD 4HRThe EUR seems to be losing a bit of steam against the CAD and has given us a short order at 1.4847. Our first profit area will be at 1.4787 where we may take some profit. We have a trailing stop in place at 120 points but that is only in place for if there is a unexpected market event. We will have updated stop orders as the trade progress. After profit 1 we will stay in the trade for as long as the trend is bearish to maximize our profit.
