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EURGBP - Consolidation Lead to Expansion The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is IF Price action breakouts out to the ___ side THEN where is it likely to continue to. Doing so will allow me to see if there is enough potential profit (with limited risk of course) to create a trading opportunity. This pattern formation is called a bearish flag and it traditionally breaks out to the downside. However, because the consolidation occurs at a previous level of structure, I's fair game either way in my opinion. Akil "Today is the start of our busy news cycle. Be safe out there traders!"
by Akil_Stokes
34
NZD/JPY - Short-Term-Trade - Aggressive Trend Line Rejection As posted earlier we were seeing a potential down-side for this pair. As of right now we will have a total of 2 active entries (Medium and Short). We will be looking to add another position at the close of the 4H candle, if it ends up being a bearish candle. Our T/P is roughly set between our Monthly Support and our -27.20% Fibonacci Area. If this becomes a losing trade and we see price closing -ABOVE- our trend-lines we will be looking for new entries. Ideas will be posted here as well in a our Telegram Channel. *This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com NOTE: We are currently holding a end of the month promotion. For more information please email us.
Short
by TheForexClubFX
XAU/USD (Medium-Term-Trade) - Market Update - Upon Request I hardly trade this pair anymore. Despite paying well as of right now I've been taking a small break from this pair. Anyways; the main question is. What should we be expecting for this pair? Well on our 8H chart; we have actually closed well -BELOW- our Trend-Line. We should be expecting a push to roughly around 1275.00. As of right now on both Short-Term and Medium-Term-Trades the overall bias is a down-trend. My strong recommendation is that if you are in a -SELL- I would recommend you hold this trade to potential 1275.00 (Keep in mind we have a LOT of high impact news tomorrow which could affect this pair so take your precaution). If you are in a -BUY-; at least for the way how I trade; I don't see any -BUY- opportunities as of right now. We could go into a bullish movement later today but we are kinda far away from that happening. If you aren't in ANY trades you should mainly be waiting for a pull-back. Entering right now without any type of analysis or strategy is pretty much gambling and is a clear indication of over-trading. So be VERY careful with that. *This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com NOTE: We are currently holding a end of the month promotion. For more information please email us.
FOREXCOM:XAUUSD
by TheForexClubFX
NZD/JPY (Short-Term-Trade) - Market Update:We've been in a -STRONG- down-trend. Strong enough that our overall bias on higher time-frames may change to a down-trend. Almost all of today we have seen this pair retrace; which is normal after a long session of bearish movement. As of right now; we are in a interesting spot. If we see price closing above at the end of this hour we could go back to a bullish movement. However; if we see price end up closing as a -BEARISH- candle we could have another down-trend movement as we are close to a 38.2% + T.L. rejection. You could place a AGGRESSIVE entry at the end of THIS hour if we still have a nice -Bearish- closing candle. If you are looking more for a conservative entry you can wait until the close of the NEXT 4H candle and see if it is also a bearish closing candle. Overall we have to be patient and see what happens in this scenario. My overall bias is that we are going to drop more; however as always I am NOT excluding the fact of a possible up-trend. *This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com NOTE: We are currently holding a end of the month promotion. For more information please email us.
by TheForexClubFX
NZD/JPY - Medium-Term-Trade - VERY Aggressive Entry As posted previously on our Market Update; we may see more of a down-side for this pair. We went ahead and placed a VERY AGGRESSIVE entry on this pair. As we saw that our 4H candle has closed -BELOW- our trend-line. As price has been in a STRONG down-trend we wouldn't be surprised if we see price retracing a little bit. Needless to say we have a pretty decent S/L. If we were to get stopped out we would be looking for some -BUY- opportunities to recover our losses. When the 8H candle closes next and if it also closes -BELOW- our trend-line we may be placing ANOTHER entry to have 2 active entries on this pair. Our last and possible entry is if price closes -BELOW- our trend-line on the Daily chart. If this does happen we will have a update on that. Our T/P is actually VERY ambitious but if we reach our 1st projected area our S/L will be moved to either break-even or +35 PIPS of profit it will depend on market scenario.
Short
by TheForexClubFX
NZD/JPY - Medium-Term-Trade - Market Update: Could we have a possible down-side for this pair? We are in a odd spot right now for this pair. For the past couple of days we have been descending aggressively after a whole week of bullish movement. But we could have a possible entry upon us. If at the close of the 8H candle we see price closing -BELOW- our trend-line. We would have a nice -SELL- confirmation. Remember we have to wait for CONFIRMATION. If at the close of the 8H chart we still don't see price closing -BELOW- we can hop to the 4H chart and await that candle closing further on and have a -early- entry. As always we are prepared for BOTH movements. We could also see a trend-line rejection upon us as well. If price has a NICE bullish candle closing probably at the NEXT 8H candle we could see some nice movements to the upside and re-testing our Weekly Resistance Area. *This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com NOTE: We are currently holding a end of the month promotion. For more information please email us.
Long
by TheForexClubFX
AUD/USD - Short-Term-Trade - Market Update: We may possibly have a entry for this pair once again but to the upside. We are still awaiting to see if at the close of the 2H chart if we possibly have a trend-change. If this candle closes -ABOVE- we will be placing a nice solid -BUY- with our overall target being our Monthly Resistance. You can also place a VERY AGGRESSIVE ENTRY at the close of the 1H chart which is at the end of THIS hour. Later on once the 2H candle closes if that also closed -ABOVE- you add another position and add another entry to this. We are still NOT placing the -BUY- as we still need confirmation. As always we are prepared for BOTH scenarios. If price fails to close -ABOVE- and we have a nice BEARISH close we will be aiming for another DOWN-SIDE movement. *This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com NOTE: We are currently holding a end of the month promotion. For more information please email us.
by TheForexClubFX
XAU/USD - (Medium-Term-Trade) - Market Update Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes. If by when this daily candle closes in less than 24 hours; if we have a bearish closing candle we will have a medium-term-trade upon us with a potential target being around 1325.00 and lower. Regarding any more upside potential we would need our candle to close again -ABOVE- our trend-line. As of right now I am NOT placing any new entries this is just a Market Update. We have to wait for confirmation but this is a possible entry I am keeping my eye out for. *This is NOT a signal. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
FX_IDC:XAUUSDShort
by TheForexClubFX
USD/JPY (Short-Term-Trade) - Market Update Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area. What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I will be placing a -SELL- a good area of T/P would be our Weekly Support as well as our Previous -27.20% Fibo area. We have a few T/P extensions that are not shown above. Regarding a upside movement we are kinda far away from one as of right now. We would need price to close -ABOVE- our major trend-line so we can continue a upside movement. But at least for now I don't see that happening. *This is NOT a signal, for any specific pair review please send me a message or email me at TheForexClubFX@gmail.com *We also have a special promotion until the end of next week for our Advance Training that you wouldn't want to miss out!
by TheForexClubFX
LONG GBPUSD Outlook and Projection Top Down Analysis1 minute ago This is my first post and I will like everyone reading it to maintain an open mind as I will be analysing the GBPUSD 0.03% chart based on current price action. Later I will discuss my trading strategy (and a bit about my 11years trading background) which should be easy to follow and do not hesitate to ask questions in case you felt I left certain explanation or you are particularly lost. The Sterling has been performing better than it's US Dollar 0.01% counterparty as of 9th August 2017 from October 2016 and it will be worthy to note some significant development to shape my decision making in the next coming weeks. As of today 9th August 2017 I will discuss a top down analysis approach starting with a weekly chart. There are are couple of fundamentals data coming out of US and UK,this data such as : CPI 0.18% in the 2 region Retail Sales University of Michigan Consumer Confidence data All these data in the fundamentals can have some impact in the move we can see in the GBPUSD 0.03% going to next week. 1.From my Technical Perspective,there has been a Weekly 12EMA crossover the 36EMA to the upside. I read this as a potential signal of trend change in the making and I will add some other indicative reasons to this to maintain a bias in the move I will be expecting over the coming week. Bear in mind I will always maintain Long,Short or Neutral Zone indication as price develops. 2.Before that Weekly Crossover to buttress or add to confluence of indications that I will be considering will be the Market failure.Market failure is an indication that price has failed to make a new lower low and this higher low is formed at 1.19873. If we trade below 1.19873 that new trend that is potentially forming has been reset and new reference will be the Real low. 3.A new High @1.3048 formed after the Initial High @ 1.2775/95 has confirmed the beginning of new trend. A new higher low will be followup @1.2639 4.A 2nd Higher High was formed recently @ 1.3268 to further consolidate my current long bias.At this high we hit our longer term down/resistance trendline @ the 8th point.This zone is a Huge Significant zone that can send the price of GBPUSD 0.03% Technically to a new lower low below 1.16496 potential to a new bearish target. And that is why the UK Manufacturing Production Data that is expected tomorrow can be of a directional biased in the currrent price action of GBPUSD 0.03% .The last data came out @ -0.2% and the previous 4 also came out missing expectation at negative numbers. Having 2 quarters of negative data released which tomorrow one is anticipated positive can send GBPUSD 0.03% rate down potentially a 6 months of negative fundamental data is classified as recession.Although technically price are looking strong at the back negative Dollar we are seeing currently in the market. 5.A new higher low is the expectation and thus I will be building my Longs around Support Zone: 1.29328- 3 Week Low 1.2945- Weekly 12 EMA as Support bounce 1.2989- 2 Week Low FOR DAY TRADING STRATEGY(Next 2-4days) Long Setup if the day close as a potential Doji The strategy will be I will split whatever 2% of my account capital is into 3 and take 3 different position at 3 different prices above. STOP LOSS will be managed around 1.2785 Targets will be looked for around d zones of 1.3050/100 Initially. SHORT SETUP Scenario BUT for a weekly Short Continuation should in case the data came in Negative for Sterling on a huge level tomorrow. Any close below Monday Low 1.2952 can resume the further Shorts coming into the Sterling against the Dollar to target a huge Support Trendline and 200EMA @ 1.2967 area towards Brexit low @ 1.2795 zone. As of the current moment when am publishing this outlook the GBPUSD 0.03% is looking a bit positive of about 0.1% and 14 pips daily range positive and for as long as we are above 1.2965 Monthly and 1.2988 Weekly Support area the bias is looking positive into some important fundamental d
Long
by BolaBalogun
How To Read Structure (Charts) Tutorial. Charts 1-5By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next! Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is definitely a skill that will dramatically help you on your journey to becoming a professional trader. I tried to make this as clear & simple as possible for anyone to understand but do not worry if this is complicated or a little confusing at first. If you are new to trading, you will benefit by studying and looking over these charts multiple times. I have found that it is also helpful if you grab a piece of paper and a pencil so you can draw the chart that you are looking at. Draw a very simple line chart and mark the highs & lows as shown in the tutorial with support & resistance lines.. You will learn much faster by doing this while training your eyes to identify trends & reversals. After you do this enough, it will start to become 2nd nature & you will spot these crucial moments in structure with a quick glance at the charts. This is the first section of the Reading Structure Tutorial. This section will consist of 6 Charts total: Chart 1- An Easy and effective way to determine trend. Chart 2- Following The Trend with Support & Resistance (Highs & Lows) Chart 3- Continuation of Chart 2 Chart 4- Identifying Possible Trend Reversals Chart 5 - When Structure Doesn't Make Sense, Do Not Trade! Chart 6- Another Reversal I have put a lot of time & effort into this tutorial so feel free to ask any questions you may have.. I will be publishing section 2 of the "How To Read Structure" tutorial next week. Please leave a comment below or message me with your thoughts regarding this lesson. I am happy to continue publishing them if they are helpful to you. We are going to scroll through this chart & follow structure. This is a 60 Minute Chart of GBP-USD. Chart 1 Chart 2, In this Chart we are going to look at the highs & lows shown on Chart 1. Chart 2 Continued, (Continuation of Chart 2.) Chart 3, Identifying Possible Trend Reversals. Chart 4, In depth Analysis of Chart 3. Chart 5, Another Example of a trend reversal Section 2 of "How To Read Structure" will be published next week & I will be sure to update this tutorial with the new charts as well as publish a separate idea. Take your time & really study these charts. There is a ton of valuable information in this tutorial & by the time you get through all the sections, you will have a much easier time reading structure. Please be sure to give this tutorial a thumbs up if it was helpful & you would like me to continue posting them. Thanks Traders & I hope you enjoyed the 1st section of this tutorial!
Education
by Alec40
110
Potential Long Set Up On NZD/USD NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all the amateur traders out once it reaches this significant event area, where all the pros start buying the market. IMPORTANT: MAKE SURE YOU RISK MANAGEMENT IS AT A GOOD LEVEL, DO NOT RISK MORE THAN 3% OF YOUR TRADING ACCOUNT PER TRADE AND THAT'S ONLY ON A HIGH PROBABILITY TRADE!
Long
by Abdul_Light