Short Position taken AUD/NZDFX markets have been extremely volatile and so I haven't been trading as much as usual. In times like this its key to wait on the side lines and preserve capital. You should only take trades that meet your entry criteria!
This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on 1.000 below. I have been entered into a short position after a re test of the weekly trend line, key resistance and 50 /20 ema zone. I will take this pair down to 1.000, making it just under 2.5:1 reward / Risk
Keylevel
GBPAUD Key LevelsJust a little analysis on key levels of GBPAUD showing weekly and monthly key levels.
Rules of Key levels (support and resistance)
1. Not just one price line it is a area of price.
2. When looking for a reversal or bounce off key level use 4hr and daily time frames to indicate reversal signs
3. Key levels are valid for years and very accurate if plotted correctly.
5100-5150 Key Area to hold for BTC on the WeeklyBased on a Modified Pitchfork to previous lows and previous highs align to make the 5100-5150 USD a key area to hold on the weekly timeframe. Whether this makes you bullish or bearish still IDK really. Just an key area all around to hold this week! Do with this as you want! This is not financial advice just my opinion and analysis.
SHORT EUR/JPY.SHORT EUR/JPY, ***IF there i a retracement and a clear rejection at the 50% level of the fibonacci, wich is on the key level. The market broke the 118,500 key level (psychological level) wich should now act as resistance. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
AUD/USD SELL SIGNALHey tradomaniacs,
welcome to another free signal!
Notice: Market in state of emergency, hence all trades are very risky 👉Either decide to stay out of trade carefully 😉
Type: Daytrade
Market Sell: 0,65880
Stop-Loss: 0,66270
Target 1: 0,65600
Target 2: 0,65300
Target 3: 0,65030
Stop-Loss: 38 pips
Risk: 1-2%
Risk-Reward: 2,25
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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DJI (Wall Street) - key position to watchIf this bull market collapses, those short-sellers who are in profit would need to be prepared for bull-rebellions.
The 200 EMA (or MA) is normally an area for rebellion. I'm looking ahead - as I'm short in this market.
I do not suggest that the 200EMA is a price target.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
AUD/USD BREAK, RETEST & GODaily chart on aussie dollar looks really bearish. We had a nice break of the institutional/key level of 0.67 and looks like price is going for a last kiss. This idea also correlates with 50day EMA. Personally would prefer some price action candlestick to take place at the propose level.
#tradesafe
Pullback Possibly Due Because of Weekly FormationAccording to the weekly, last week's super bull run has formed the morning star on the weekly… Or a bullish engulfing… take your pic how you wanna see it. This may be a correction week before it continues on its rally. Here are some possible TPs. Enjoy the ride!
BEAR TPS:
• 1.47773
• 1.47653
• 1.46168
• 1.45578
BULL TPS:
• 1.48825
• 1.49893
• 1.50868
GBPUSD Trading opportnunitiesOverall trend of the price is DOWN . Price has fallen down from descending triangle(orange) and has made fake breakout of the daily key level. Price was rejected at this level, we can also see bullish divergence (green) at this point. These two things strongly indicates that price should go up. Since overall trend is bearish it's risky to open long position. We can wait for the pull back to the local key level and look for short opportunities.
Please comment and let me know what you think about GBPUSD.
A clear reversal area for gold!The last few days Gold has rallied up against the dollar, we no find the pair at previous high. I pull back is expected on the short term. A day trading Sell has been placed around the current level. "Short Short Term" After a pull back with a good trend behind it we may then see gold continue to advance.
Daily Free Trade Ideas
www.orionfxmarkets.com
AUDUSD, Seeking that wave up towards supply zoneAs with Audcad, I am now only looking for buy setups on Audusd. We are in a weekly support zone. I am only taking buy setups for AUDUSD seeking that longer wave up.
If we break this support, I will wait until the market has given me clear indication for another buy. Usually a penetration into the support zone, as a fake breakout. and then I will open a buy position on the next daily candle open.