Forex high probability tradingStrategy that is based on price action with a high probability is possible
High-probability
Long GCif we do a top down trend analysis we can see that now now we are in a correction in the higher time frame and we target the liquidity zone .
So we just need to look for a long entry in the lower time frames with a good RR . And to do that we need to identify the higher highs and higher lows and look to get in the high low to ride it until th eliquidity zone
vgx/usdVGX going To run so says a famous guru. Things are trending down but will watch and see what miracles happen.
GBPJPY setup for upcoming week high probability GBPJPY setup for upcoming week published by me on 15.05.2022.
waiting for sell setup
USDCAD setup for upcoming weekHigh probability USDCAD buying setup for upcoming week. Published on 15/05/2022 by me.
waiting for buy setup.
Short GoldGold has bumped its head on a historically strong resistance level at ~1560.
USDJPY has not confirmed gold's move since Dec '19.
USDJPY breaking out higher itself (bearish gold) so we should expect gold to readjust itself.
DXY in general has regained an important historical level + 61.8 fib of most recent trend which points the dollar higher (bearish gold).
Rerate should take it down to ~1533. If it loses that level then bears will take full control of gold.
AUD/USD LONG - HIGH PROBABILITY SETUPAUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily.
COT data also shows banks are becoming slightly bullish and reducing short positions.
A-la-la-la-le-LONG,
ah-long-long-le-long-long-LONG!
Don't short basically.
Ps. Trade prediction is not an entry yet, certain requirements still need to be met.
AUDUSD short from double supply areaShorting AUDUSD from the yellow area as that is a supply area on the short (30min) timeframe, as well as the long (12hr, gray area).
These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrader
Very High Probability Trade (VHPT)A very good trading setup is beeing established here - The perfekt timing to engage in a long position.
From a statistical point of view, we can anytime soon expect high volume and hence easily upwards 300% in price increasement. There exits large upside potentials for this very particular coin
Good weekend traders!
AUDUSD : SHORT : #CONFIRMED #PIPSSSSSSAnnnnnnd we're back with some more amazingness. Guys look at your 4hr audusd chart. We have a gartley forming, stops should be just below the .76950 level. Set your tp accordingly because I've called a daily short on this pair 1 month ago and it's still respecting resistance. I love you. Ca$h
Quick HIgh Probability TradeThis is a nice setup that caught my eye. The black lines are my entry area, the red line is my stop, and the green line is my intended target. The two negatives about this setup is that normally I would only take setups that offer me 3:1 risk to reward, but if I feel the setup is high probability, I will from time to time take less than 3:1. This setup offers roughly 2:1. I also don't like the fact that price is basing as it approaches my entry. I prefer a clean arrival. The cleaner the arrival, the less resistance price has to trade through leaving the entry. If price bases too much, I will cancel the setup. The huge plus that this setup has going for it is the fact that it is located within daily demand(support).
Sell EURJPYReasons for trade:
- Up trendline broken by 1hr supply zone
- Supply zone taken out 1hr demand zone (confirm downtrend)
- Clear path down till 114.300
- >3:1 R/R
High Probability trade - Gartley - EURUSDThere is a good confluence of 78.6 and 127 plus an ABCD completion. if the ratios keep up, then we have an awesome trade. though the risk displacement is a little higher. Should be 1:1 or 1:2 if 618 is hit/.
Good luck.
Regards,
Hearty
Eur/Jpy will Bounce and short!!High probability with many confluences to the naked eye, 4 hour price action will bounce of the 38.2 FIB zone or the daily resistance if broken the 238 FIB and then continue the downtrend, creating a short opportunity.
