GBPJPYThe yen yielded some positive results in the past weeks, looking ahead, waiting for the GDP release in a few hours, we'll be closely looking at how it will perform this week, with 2 areas of interest, a break and retest will be ideal to trigger an edge for a short term within the 50 and the 61% monthly fib zone channel range, till a break on either side, let's see how it all unfolds
G-money
Brent Crude Oil Long Position - Winter Is ComingWe are at a really strong support line for BCO, this might be a good time to get in a long position for bco in anticipation of winter and energy problems.
Main Reasons:
RSI is way more oversold which increases likely hood that it will reject.
Russia-Ukraine war.
Winter Is coming to the Northern Hemisphere and energy prices will go up.
You know nothing Jon Snow.
Last Trade of the night Easy 1 gigatrillion pipshonestly i saw this coming, all trades green today as i predicted the bullish news for the dollar. The lower inflation news wasnt that sexy, but market rode off the hype and it always has to correct itself.
so ya boy came through wit the fattest short on all x/usd pairs today and made le bank.
I've linked the two other trades i made today - both profit which you coulda ate had you of seen them.
[SMC] BTC/USDT Demand & Supply Price ActionHello Gents,
Let me briefly explain the analysis.
1) Macro View: Bitcoin is in a bearish order flow state.
2) Micro View: major CHOCH, we entered the corrective wave phase. A correction for the bearish order flow. hence we can notice the new bullish order flow.
3) The recent marked Demand level used to be a supply price. This indicates an S2D flip.
4) Next supply price is at almost 27k.
5) My opinion: price action will play out in a range between new supply and demand levels.
Share your comments or questions.
Cheers,
FX Wabz
EUR/USD DIRECTION DETERMINATIONEUR/USD finally provided some momentum. Now i'm waiting for a good setup to enter the market.
I marked a supply zone above, for sells, and a demand area bellow, where i'd be looking for buys.
Prefered market direction is still SHORT, BUT we do see some bullish potential in this pullback. Is it already time for a TREND SHIFT? let's see!
Risk is managed no matter what happens!
*TRADE SAFE GUYS*,
T.
EURAUD PENNANT PATTERN BREAK Pair: EURAUD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant break
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Key Takeaway: broken pennant and seeing great downward momentum
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Level needed: need a close by 1.45160
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Trade: Short
RISK:REWARD 1:6
SL: 30
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDJPY ASCENDING TRIANGLE BREAKPair: USDJPY
Timeframe: 1H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending wedge pattern, fib golden pocket level
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Key Takeaway: Need to see break of this ascending triangle to the down depending on the US Core Inflation rate we see today and a break of high volume level
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Level needed: need a close by 134.925
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Trade: Short
RISK:REWARD 1:15
SL: 31
TP: 452
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EUR/USD still MANIPULATING traders!There seems to be no end to this sideways trend that EUR/USD has been forming for the last couple weeks.
You could argue that some sort of SUPLY formed on the h1 and m30 timeframes, since plenty of volume came in to the market (news related), but still... the price failed to break significant structure and provide us with a new low...
there fore, seeking sells in these market conditions is a bit risky for my taste. I'm staying away until we get a CLEAN break of this consodliation!
*MANAGE YOUR RISK, TRADE SAFE!*
Best regards, T.
CHFJPY BREAKOUT?Pair: CHFJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Need to see break past trend, round number and resistance
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Level needed: Need to see price close by 141.975
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Trade: Long
RISK:REWARD 1:8
SL: 24
TP: 180
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
SOLUSDT - SellHello traders,
just like ADAUSDT, the price is in strong supply zones and it is quite possible that we will see an opportunity to short! Wait for the confirmation and we can go down with a high probability! Good luck!
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
GBPJPYForex is 10% trading and 90% waiting, patience is key, especially as a naked trader, price is our friend, interested on how the GBPJPY will behave now, it'll depend on how we approach that zone, fundamentals might confirm and add to the confluence. MY NAME IS ZAYN CAPITAL, you don't know me yet
EURUSD upcoming move we have 2 possibilities and have to be patience and once t reach the point only we'll take the trade for the sell entry, it has to retrace till my point, and once it touches and sustains below this then we'll take sell entry and like same for the buy trade we have to wait for the point and wait for the retracement till our point and take a by entry.