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EUR/USD: detailed chart mark-up. What is the next move?Looking at higher-timeframe charts of EUR/USD , we may notice that initially, the price has been trading within the borders of the ascending channel plotted on the graph. Afterwards, the price started consolidating in a sideways-moving rectangular box and it was unable to break above or below due to the lack of liquidity during the holiday season. This week, as soon as momentum kicked in, a massive bearish candle was printed and the lower barrier of the rectangular box was successfully penetrated. At the moment, we may observe that the price is pulling back and correcting the recent impulsive leg before potentially continuing its bearish moves. Thus, we are eyeing the zone plotted on the chart (important resistance that lines up with the 61.8% Fibonacci level) and awaiting some development around that area before executing short positions and aiming for the South.
Short
by Investroy
16
GBPAUD UPDATEGBPAUD Finally made that move above above the highs as projected in my previous analysis (linked above). Now stops have been removed and final buyers induced into the market I am looking for a big rollover. 4H candle closes in less than a hour and it looks as though it will be a strong bearish close off the key 1.82500 level..... on the LTF price has made a BOS off the Asian session high I'm looking for an entry on the retest of the last Order block which created the BOS - First key target area 1.80000
Short
by ITSCRYPTO1
1
Why GBPUSD Fell.. And why you should've anticipated it..Hey Traders, As you may have saw previously I did many Posts and videos regarding GBPUSD. We discussed how strong sentiment for USD Weakness was pulling GBPUSD up into further key resistance BUT there was still room to go. Now for many Traders who solely rely on 'Line hitting' for reversals.. it may not have gone so well.. So remember, we are not looking for lines to be hit (i.e. Touch and hit away theories).. Gauge the temperature of the market with indicators. Do not use them as line hitting methods. If you always rely on hitting lines you will be whacked out the market. Line hitting does not incorporate Key PA levels it just takes a price average over time from data on the screen. Instead, look back. Remember what has gone on and use it for future market trading. Do not spend or waste your time guessing.. And always remember, Prices rise and fall to AREAS not points to 0.0001 Place. IMO GBPUSD likely to drift amongst prev early support. Only Light longs drastically lower due to high price. Any further hits up will be light shorts on rebound. Trade Safe.
by WillSebastian
2
Getting a Good Deal..When Trading any Market it is your job to attain value. Just like any other business that exists in the world you must be Buying for less and selling for more or selling for more and buying for less. It's 6 and 2 3s. Trading online with a computer is no different. Your job is to structure your capital so that you can consistently attain this value and Trade WITHIN the capabilites of your equity. This means Trading small and gaining market value over time. In this video we will look more about Where we can buy and sell and basic principles that some fail to grasp so easily..
Short
by WillSebastian
2
USDCHF: Trading Plan Explained 🇺🇸🇨🇭 Hey traders, I spotted a completed inverted head and shoulders pattern on USDCHF on 1H time frame. 0.9442 - 0.9448 is its horizontal neckline. To trade this pattern, wait for a bullish breakout of its horizontal neckline (we need an hourly candle close above that to confirm the breakout). Then, buy aggressively or on a retest. Goals will be 0.9488 / 0.9523 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
XAUUSD H4 - Short SignalXAUUSD H4 - May look a little bit messy on the face of things, but from swing low data 03/11 up towards swing high dated 16/11, we have started to correct, TP seen from recent analysis yesterday before then climbing higher, but this falls short of our 382, we have since seen a pullback to our H4 break and retest zone (that we have yet to have). From current price, if we see a bounce off DXY support (105 ish) we could see XAU fall further downside towards our 618 target price of $1680. Concerns over this on a fundamental front based on recent headline "The Fed concluded it will "soon be appropriate" to reduce the pace of rate increases, minutes of the November meeting showed. At the same time, some officials noted that the peak rate will be "somewhat higher" than previously expected.". But on a technical front it looks attractive, lets see how the dollar support holds, this may be an opportunity if resistance holds here and DXY D1 support holds.
FX:XAUUSDShort
by Trade_Simple_FX