AUDCHF
AUDCHF Thesis. What's your thought on AUDCHF? This is how i'm currently looking at this market.
Fxtrading
EURCHF: 2 Scenarios For This Week Explained 🇪🇺🇨🇭
Update for EURCHF pair.
The market is nicely retracing from a key daily structure resistance.
Analyzing a price action on multiple time frames, I see 2 potential scenarios:
Bullish
If the price breaks 0.979 - 0.982 daily supply area and closes above that
I will expect a bullish continuation to 0.987 / 0.9915 levels.
Bearish
The market is trading in a global bearish trend and may drop from the underlined blue resistance.
To catch a trend-following trade from that, watch a triple top formation on 4H time frame.
0.9755 - 0.9765 is its horizontal neckline. If the price breaks and closes below that on 4H,
I will expect a bearish move to 0.9727 / 0.9711 levels.
Breakout will clarify the future direction of the pair, so be patient and wait.
What scenario do you expect?
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USDTHB is in possible buy zone!!USDTHB( D ) is moving in a strong up trending market.
creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in the new trading week.
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GBPCAD: Breakout & Bullish Continuation 🇬🇧🇨🇦
On a Today's Live Stream, we discussed GBPCAD pair.
The price has recently broken and closed above a major falling trend line on a daily.
I expect a bullish movement after its retest.
Initial target - 1.5759
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EURGBP Long, SwingIm going in on a buy on EURGBP one more time. 1H Shows veryncie RSI Divergence and 15min shows the same, adding to the confluence. EG is a slow mover so expect more than a week for this to play out.
USDCHF: Your Detailed Trading Plan 🇺🇸🇨🇭
USDCHF is coiling on a key daily structure support.
To buy the pair with a confirmation, watch a falling wedge pattern on 4H time frame.
Your trigger will be a bullish breakout of its resistance line (you need a 4H candle close above strictly).
Then, buying on a retest, your initial target will be 0.957.
If the price breaks a blue zone to the downside, the setup will be invalid.
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EURGBP: Bearish Outlook For Today 🇪🇺🇬🇧
EURGBP has recently broken and closed below a solid demand area on a daily.
Retesting the broken structure, the price formed a double top and then broke its neckline
on an hourly time frame.
I expect a bearish continuation to 0.837 / 0.835
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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.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
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.
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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.
