Fxtrading
SUGARUSD Bearish ShortTrading AnalysisSUGAR RAWUSD
Bearish trend forming for Sugar Commodity
We are seeing a Elliot 5 pattern way theory occurring as well on the 2-3 hour charts.
But most importantly sugar is spiraling down towards a major support level. Clearly the uptrend has broken it's trend line with a fake cat bounce/retest making it definite the reversal has occurred.
FIB LEVELS also mention that the support is a crucial zone of interest. As it could reverse or keeping it's bearishness due to it's heavy many spikes of volume.
A parallel channel has formed. I would place a sell limit in it's latest order block as seen in the picture, also to mention that there are many inside bar candles in this order block which can be used efficiently for the right trade, in this scenario shorting.
A nice 650+ pip move if all goes as speculated.
- David van Delden
GER30 LONGOn 3H timeframe:
- Bullish trend
- Parallel channel formed and broken
- Decrement in volume from HH2 to HH5
- Breakout candle with volume but less volume than the one moving back to the upside bars after
- Yellow Line acts as support line with significant reactivity from previous observed price action.
On 15Min timeframe:
- Reaction to demand on HL2, where volume decreases as it falls, when volume kicks in price ranges (orange box) and shifts direction to the upside
- CHOC
USD/JPY Potential Forecast|HTF Analysis| Wednesday 26 April 2023Hi everyone!
-So the price on USD/JPY is telling us that we are currently in a bullish trend.
-USD/JPY have liquidity and imbalances below him so its the most probability that the price is going to grab them before moving up.
-Keep that in mind that not every huge poi will hold some of them will hold some of them will not but always ask yourself why did that poi hold and another don't.
-If the POI get respected and bounce from it look for confirmations and then enter.
USDCAD And How To Trade It NowHey Traders,
It's important to note when PA levels give direction. This is something I went over briefly on my stream this London AM session.
You can then use this information for future trades because markets tend to repeat over time continuously (buyers and sellers in and out at specific areas for better prices)
Watch for more.
BluetonaFX - SILVER TRADING IDEAHey Traders,
Introducing BluetonaFX
A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders were first able to trade currency pairs on their own computers.
We specialise in trading a select range of currency pairs, silver and crude oil. Our decision to move from the private space to a public platform via TradingView was in part driven by the countless stories we heard about retail traders being chopped up by the markets due to the lack of real professional guidance on how to trade and committed analysis of the markets on online platforms popular with retail traders.
We will gradually introduce our ethos, trading style and methodologies over the next few weeks.
We have started with Silver; Please review our chart. We have a immediate target at 25.413. A break and close above this level will see price challenge 25.648 and 25.941.
Price is currently ranging between two structures 24.883 and 25.413. We will need to see a break and close on either structure to confirm direction to the next.
Please like, comment and follow to support us and rest assured we will start sharing some great ideas in the coming weeks.
BluetonaFX
USDCAD: Your Trading Plan 🇺🇸🇨🇦
USDCAD is trading in a bearish trend on a daily.
The price is currently testing a key horizontal resistance.
Approaching that, the price formed a head & shoulders pattern on 1H time frame.
1.3522 - 1.353 is its neckline. To short with a confirmation, wait for its bearish breakout (1H candle close below that).
Sell aggressively or on a retest then.
Goals will be 1.3493 / 1.3456
❤️Please, support my work with like, thank you!❤️
Tight Margin MarketsThe Current Market For AUDUSD Is Sideways And Slow.
That is because it lacks sentiment and direction and has died. It becomes an advanced scalper market for day traders (if that is you)..
Otherwise It is not your job to take large sizes when there is 0 sentiment because you are bored.
Let sentiment move in and take you to key PA levels.
Then trade.
Why You Need DCA In Bull MarketsNobody needs to be 100% Right to make money.
After all, you'll never pinpoint pick prices to the .cent.
It's just not how things work. You need to spread yourself out and achieve good prices.
That's because ultimately, people liquidate longs and the market slides.
Be Ready and use DCA properly.
XAU/USD Potential Forecast|HTF Analysis| Monday 24 April 2023-Huge Demand zone on XAU/USD can correct the trend and continuous to shift bullish.
-Gold have a lot of liquidity and imbalance below him so that will be the most optimal thing to grab before moving up
-Keep that in mind that this poi can be respected or it cant be I am saying that because smc cant always work there is no 100% strategy in Forex market, there is no correct way of trading.
-If the POI get respected and bounce from it look for confirmations and then enter.
I wish you good luck.
EUR/USD Struggles to Reach New HighsThe EUR/USD currency pair has been encountering challenges in its attempt to reach new highs, ever since it hit the price of 1.1080 last week. Currently, the price has undergone a slight pullback, having retraced on the 61.8% Fibonacci level. In today's London session, the price has opened with a downward push, indicating that it may retouch the Fibo level once again. This development presents an excellent opportunity for traders looking to buy the Euro at a discounted price, with the potential for significant returns in the future.