Fxtrading
AUDCAD: Bullish Outlook 🇦🇺🇨🇦
AUDCAD has recently broken and closed above a daily structure resistance.
Retesting that the pair formed a double bottom on 1H time frame.
Its neckline breakout confirms a highly probably bullish continuation.
Target - 0.89577
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USDJPY: Detailed Video Analysis & Trading Plan 🇺🇸🇯🇵
Technical analysis for USDJPY pair.
Price action, directional bias and key levels.
Potential scenarios and your trading plan explained.
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20 Strong Reason for short NZDUSDUpdate 27/07/2022
1 Structure 1/2 : bullish to sideways down
2 imbalances :target marked
3 Current Move 3: impulse
4 Entry TF : D1
4.1 ETF Structure: Bearish
4.2 move : Correction CIP
5 CIP
6 FIB: strong rejection at 50 almost done
7 candle Pattern: Up Momentum but not able to break resistance
8 Chart Pattern: Falling wedge Resistance
9 Volume : Very high on reversal
10 Momentum: Bearish to side ways
11 Volatility : Somewhere bullish
12 strength: curve bearish in bearish
13 Sentiment : weakest in commodities driven
14 Final conclusion: for refine your entry you also need to switch your tf in d1 to h4
15 Buy /Sell/Wait : Sell
16 Entry: 0.6225
17 Sl: 0.6255
18 Tp: 0.5856
19 Risk to reward Ratio: 1:17
Excepted Duration : 15days
USDCAD: Very Bearish Setup 🇺🇸🇨🇦
It looks like USDCAD may drop from a strong intraday structure resistance:
the price formed a double top on that and then broke its neckline.
I expect a bearish continuation to 1.2898 / 1.28735
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Trading Sessions in Forex | Trading Basics 🕰🌎
Hey traders,
In this post, we will discuss trading sessions in Forex.
Let's start with the definition:
Trading session is daytime trading hours in a certain location.
The opening and closing hours match with business hours.
For that reason, trading hours are varying in different countries because of contrasting timezones.
❗️Please, note that different markets may have different trading hours.
Also, some markets have pre-market and after-hours trading sessions.
In this post, we are discussing only forex trading hours.
The forex market opens on Sunday at 21:00 GMT
and closes on Friday at 21:00 pm GMT.
There are 4 main trading sessions in Forex:
🇦🇺 Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT
🇯🇵 Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT.
🇬🇧 UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT.
🇺🇸 US (New York) Session Opens at 12:00 GMT and closes at 21:00 GMT.
Asian trading session is usually categorized by low trading volumes
while UK and US sessions are categorized by high trading volumes.
Personally, I trade the entire UK session and US opening and usually skip Australian and Asian sessions.
What trading sessions do you trade?
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EURGBP: One More Attempt to Short 🇪🇺🇬🇧
EURGBP is nicely falling from a daily confluence zone based on
a horizontal supply area and 618 retracement of the last bearish impulse.
As a confirmation, I spotted a bearish breakout of a bearish flag pattern on 4H.
I expect a bearish movement to 0.846 / 0.843 levels.
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GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺
Hey traders,
So it turned out that GBPAUD broke and closed below a rising trend line that we spotted yesterday.
Now we expect a further bearish continuation.
Goal - 1.7314
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURUSD BULLISH OULOOKThe common currency of the European Union, EUR, is gradually moving away from parity with USD. Investors were moving away from EUR due to the uncertainty with the situation in Ukraine and due to the refusal of ECB to increase interest rates. .
US, being one of the first to increase its interests, have lured investors to invest in USD, but now the sentiment is shifting, after hawkish rate predictions from ECB and the news that the gas will start flowing as expected and potential energy crisis might be avoided.
RSI indicator has escaped the oversold area and MACD's histogram is above 0 level for the first time for more than 2 weeks.
Although reaching the levels of May is not likely in the near term, the pair might try to reach levels of 1.04 On the other hand, if this predication does not come to fruition, USD might try to reach parity with EUR again.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
AUD/USD bullish warming up AUD/USD is warming up for bullish, but now Elliot wave still counting that's the first confirmation so let us wait for the retracement before entry eye should be on that. good luck
EURUSD: Potential Market Reversal?! 🇪🇺🇺🇸
My detailed trading plan for EURUSD.
Price action / structure analysis.
Top-down outlook.
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XAUUSD Buy PositionAnother dip, so another buy for me. Setting new layers of TP again at TP1: 1750 TP2:1800 TP3:1850 SL:1650.
XAUUSD is taking its time to reverse, so im taking advantage of the opportunity scalp my way through 1850. Let's see how this day rolls :)
EURAUD 4H longGot us a nice swing trade for EA. Previous 4H Demnad has been tapped into and created RSI Divergence. A bit late to the entry but will take it nonetheless.
GBPUSD Buy PositionAnother buy opportunity for GBPUSD. From a massive drop after CPI, i see this as a chance to make profit. my end goal is to hit 1.21000 level again as it was the initial price for GBPUSD, however, my first line of TP is 1.19000, then 1.2000 then my original TP. Let's see if this reverses back, let's see how this day rolls. Be careful in trading because like what they always say, your capital is at risk:)
NZDCAD: Our Confirmation Finally 🇳🇿🇨🇦
As you remember, traders, we were monitoring NZDCAD last week.
We were patiently waiting for a neckline breakout of a double top on 4H.
It's finally broken now and we already opened a short position with my VIP members.
I expect a bearish move now to 0.7959
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD 4H SwingEURCAD is about to start a new Bullish Trend that will provide around a 1:20 if the setup comes. I have the 15min shown here. As divergence forms, I will enter market with buy orders and swing it all the way up. We are sitting inside a Daily Supply Zone from years ago, this will be insane.
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.
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EURGBP: One More Breakout 🇪🇺🇬🇧
As I predicted, EURGBP dropped yesterday.
The price even managed to violate and close below a solid demand area.
I assume that the pair will keep falling.
Next goal for sellers: 0.836 - 0.84.
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Outlook on WTI: Bearish play seen On the H4 time frame, prices are showing bearish order flow with lower lows and lower highs being formed. On the H1 time frame, a pullback to the resistance zone at 107.00, in line with the descending trend line, 78.6% Fibonacci retracement, graphical resistance level and 100% Fibonacci extension level presents an opportunity to play the drop. Our next support target at 100.20 coincides with the potential 61.8% Fibonacci retracement. Stochastic is also showing limited upside as well before it reaches resistance, in line with prices.
EURAUD 4H LongWhats up everyone! I see i hvae gained a lot of followers recently and i want to say thank you to you all! I love interaction so please feel free to comment on the posts or send me a message (not sure if you can here). I will try my absolute best to post the best setups with the highest probability of winning. I am a swing trader so these charts will take some time to hit profit so be patient. I also trade US30 on the 15min but it moves very fast so i dont post my entries since most of the time im already at break even when i am able to post. If you're interested in hearing more about the US30 trades shoot a comment!
EA has tapped into a huge Daily Zone and just created 4H RSI Divergence, which from past posts you know is my bread and butter. Simple easy trade here, we go long, SL at 35pips and target the Supply Zone sitting higher!
EURNZD: Classic Bearish Reversal 🇪🇺🇳🇿
EURNZD leaves multiple bearish clues:
the price broke a support line of a rising wedge pattern
and a neckline of a head and shoulders pattern.
I believe that the pair may drop.
Goals:
1.6555
1.64
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD Buy PositionFOMC in a few hours and setting up my position. Possible XAUUSD reversal to get back to 1800 level. Setting my initial profit call at 1800 but it's possible to see XAUUSD to get back to 1860 again, hopefully before the week closes
**Iv been away for a while, but finally making my comeback, thanks for all those DM's to encourage me to get back. Again, let's see how this trade rolls :)
GBPCAD 4H Long, Swing TradeAlright ladies and gents, after a tough loss on the previous long (ok 1% loss isnt too bad) I am back in on this GCAD Long. I am very bullish on the pair due to my strategy and this setup is showing a very nice reversal. Trade without emotions my friend, when you setup presents itself, you simply enter. "Plan the trade, trade the plan".
