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M-oscillator

EURJPY BEARISH Hey Rich Friends, I am looking at EJ for a potential bearish move since the candles are well below both of the EMAS. This is a bearish confirmation for me. The MOM indicator is also below 0 confirming a bearish trend and the STOCH is below 0. Market execution or sell limit at 158.150 or higher is a potential trade idea, SL: 158.550 OR HIGHER (40 pips) TP 1: 157.750 (40 pips) 1:1RR TP 2: 157.550 (60 pips) 1:1.5RR TP 3: 157.350 (80 pips) 1:2RR Please Do Your Own Analysis And Use Proper Risk Management. If Using Market Execution, Adjust Your Tp And Sl To Your Actual Entry. Peace and Profits, Cha
Short
by MoneyMantraCha
4
EU BEARISH - SIMPLE EXPLANATIONHey Rich Friends, It looks like EU will continue to sell. Here is what I am looking at: - The candles have crossed below both EMAS and have started to consolidate below the 50 EMA, - The MOM is facing down and below 0. - The STOCH is facing down, below 50 and the orange line is above the blue line. - High Impact News on both the EUR and USD the week. Potential Sell Stop at 1.08000. SL: Up to you TP 1: 1.07600 40 pips TP 2: 1.07200 80 pips
Short
by MoneyMantraCha
2
Where to Put Your TP and SL | Learn in 10 MinutesHey Rich Friends, This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do: 1 . Identify the overall trend of the market. It is important to understand that a Selling market will look like a roller coaster going up, have more red candles and it will continue to create Lower Highs and Lower Lows. A Buying market will look like a roller coaster going down, have more green candles, and continue to create Higher Highs and Higher Lows. This is very important. 2 . Collect my confirmations for the potential trade. Here are some questions I ask myself: - What color is the current candle? - Are the candles above or below my EMAs? - Have the EMAs crossed? - Is my Momentum indicator facing up or down? Is it positive or negative? - Is my Stochastic facing up or down? Is the Indicator's financial value above 50? These are the answers you should get: - Bullish/Buying: Green, Above, Up, Over, Higher, and Positive - Bearish/Selling: Red, Below, Down, Under, Lower and Negative 3. Enter the market at Market Execution or set a Pending Order. 4. Choose my TP and SL using the Long position tool for buying and the Short position tool for selling. Buys: Place TP above previous high and SL below the previous low Sells: Place TP below previous low and SL above the previous high - Peace and Profits, Cha
Education
0
by MoneyMantraCha
10
Why I Am Looking To Sell EURGBP This WeekHey Rich Friends, EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at: - Prior rejections in this area (red rectangle) - Candles below 200 EMA - 200 EMA preparing to cross 50 EMA on the Weekly time frame -MOM is negative - STOCH below 50 - GBP news on Tuesday, Wednesday, and Thursday Market Execution Or Sell Limit At 0.86000 Or Higher SL: 0.86400 or Higher (40 PIPS) TP 1: 0.85600 (40 pips) 1:1RR TP 2: 0.85400 (60 pips) 1:1.5RR TP 3: 0.85200 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk Management. If You Choose Market Execution, Adjust Your Tp And Sl To Your Actual Entry. - Peace and Profits, Cha
Short
0
by MoneyMantraCha
7
EURUSD BEARISH MOVE EXPLAINEDHey Rich Friends, I am happy that after hours of consolidation, the EU market did sell just as I had forecasted yesterday. It has been a long and slow week for me trading my usual EUR pairs but the big drop, break of structure, and bearish engulfing candle that happened this morning were exactly what I needed! In this video, I will review the strategy (indicators and confirmations), that I used to enter this trade and how it went in my favor! I hope this is helpful. My Strategy Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic Bullish confirmations (Up, Above, Over, Higher): 1. Candles above/crossing up 1 or both EMAS 2. MOM is facing up AND/OR above 0. 3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait Bearish confirmations (Down, Below, Under, Lower): 1. Candles below/crossing down 1 or both EMAS 2. MOM is facing down AND/OR below the dotted 0 line. 3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait - Peace and Profits, Cha
Short
0
by MoneyMantraCha
2
Why I Think EURUSD Will Continue to SellHey Rich Friends, I think EU will continue to sell. Here is what I am looking at: - Candles are below both EMAs. My bearish confirmations are met. - MOM is facing down and negative. My bearish confirmations are met. - STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met. - The current candle has closed below the 50 EMA. - Bearish Harami pattern on H4 My Strategy Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic Bullish confirmations (Up, Above, Over, Higher): 1. Candles above/crossing up 1 or both EMAS 2. MOM is facing up AND/OR above 0. 3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait Bearish confirmations (Down, Below, Under, Lower): 1. Candles below/crossing down 1 or both EMAS 2. MOM is facing down AND/OR below the dotted 0 line. 3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait. I will be Selling At Market Execution and Setting a Sell Limit At 1.07450 Or Higher SL: 40 PIPS FROM ENTRY TP 1: 1.07050 (40 pips) 1:1RR TP 2: 1.06850 (60 pips) 1:1.5RR TP 3: 1.06650 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk Management. If Using Market Execution, Adjust Your Tp And Sl To Your Actual Entry
Short
0
by MoneyMantraCha
7
Why I think AU Will Continue to Sell Hey Rich Friends, I think AU will continue to sell. Here is what I am looking at. The market has already tapped into the supply zone. It may retest around 0.64450 or higher. - Candles have crossed below the 50 EMA. - MOM is below 0 - STOCH is facing down, the orange line is above the blue line but the lines have not crossed below 50. Waiting for these things to enter: - STOCH to cross below 50 - Candles to close below 200 EMA I have a market execution order and a sell limit in the supply zone. 40 pip SL and 40 pip TP. - Peace and Profits, Cha
Short
by MoneyMantraCha
10
EURGBP BEARISH MOVED EXPLAINED +40 PIPSHey Rich Friends, Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell. I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page. I hope that anyone who followed this trade idea was also able to secure some pips and get a better understanding of the market. Until next time, - Peace and Profits, Cha
Short
0
by MoneyMantraCha
2
Why I Think EURGBP Will Continue to Sell Hey Rich Friends, I think EG will continue to sell for a bit. Here is what I am looking at. Why: - Prior rejections in this area (red rectangle). - Break of structure on the previous candle -MOM is negative - STOCH below 50 WAIT FOR: - Candle to close below 50 EMA SL: 0.87400 or Higher (40 PIPS) TP 1: 0.86600 (40 pips) 1:1RR TP 2: 0.86400 (60 pips) 1:1.5RR TP 3: 0.86200 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
Short
by MoneyMantraCha
Why I Think NZDUSD Will Continue to Buy Hey Rich Friends, I am going to set a Buy Limit order on this idea at 0.59500. If the market revisits this area, my trade will be triggered, and then continue to buy. Here is what I am looking at: - The candle has crossed above the 200 EMA. If the next candle closes above the 200 EMA, the trend will be confirmed Bullish for me - The MOM is positive - The Stoch is facing up, above 50 and the blue line is above the orange line - These are all Bullish confirmations for me If you need help understanding Market/Pending Orders, leave a comment below and I will help you! - Peace and Profits, Cha
Long
by MoneyMantraCha
Why I Think EURJPY Will Continue to BuyHey Rich Friends, Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at: - Candles rejecting price going lower in the demand zone - Candles are above both EMAs and the blue EMA has crossed above the purple EMA - MOM is facing up and positive - STOCH is facing up, positive and the blue line is above the orange line - SL will be set below a previous low and TP will be set above a previous high These are more than enough bullish confirmations for me to feel confident in this trade. Comment below and let me know if you agree or if you see something different. - Peace and Profits, Cha
Long
0
by MoneyMantraCha
2
Why I Think GBPUSD Will Continue to Buy Hey Rich Friends, I am looking at GU for a potential buy, here is why: - Candles coming out of the demand zone, it may retrace back to this area. - EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200) - STOCH facing up, but not above 50 (wait for STOCH to cross above 50) - MOM is facing up (waiting for it to be positive) - TP will be above the previous high and SL will be below the previous low Let me know if you see something else! - Peace and Profits, Cha
Long
by MoneyMantraCha
2
Why I Think AUDUSD Will Continue to Sell Hey Rich Friends, I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit. Here is what I am looking at: - Resistance in the supply area - Candles are below both EMAs - MOM is below 0 and negative - STOCH is below 50, orange is over the blue Please check the news and be mindful of the AUD and USD news coming out this week! - Peace and Profits, Cha
Short
by MoneyMantraCha
3
Why I Think NZDUSD Will Continue To SellHey Rich Friends, I think NZDUSD will continue to sell. Here is what I am looking at: - Candles are in a previous resistance/supply zone - Momentum is negative - Stoch is facing down, the orange line is above the blue line You should wait for: - Candles to close below 0.59750 - Stochastic to cross below 50 - CHECK THE NEWS I will set a pending order called a Sell Stop around this area. My SL will be above a previous high and my TP will be below previous lows. Good luck!
Short
by MoneyMantraCha
Do I Think AUDUSD Will Continue to Sell Today? YesHey Rich Friends, I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK. - Previous resistance in the supply zone - Break of structure on the downside from the previous candle - MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added confirmation. - STOCH is facing down, crossed below 80, and the orange line above the blue line. You can wait for it to cross below 50 for added confirmation. - Candles are still above both EMAs so use caution here You can do market execution or set a pending sell limit or sell stop to maximize your results in this potential trade idea. You can also use a previous high as a SL for a selling trade and a previous low as a TP. Good luck! - Peace and Profits, Cha
Short
by MoneyMantraCha
2
Why I Think EURJPY Will Continue To BuyHey Rich Friends, I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at. - The candles have already tapped into and rejected a previous demand zone - The candles have close above the 50 EMA and 200 EMA - The momentum indicator is facing up, but not yet above 0. You can wait for this signal - The STOCH is facing up, the blue line is above the orange line and both lines have crossed above the 20 line, which I see as a signal for an uptrend My SL is set below a previous low and my TPs will be above previous high since this is a buying trend. Great luck with your trades this week. Peace and Profits - Cha
Long
by MoneyMantraCha
Why I Think GBPUSD Will Continue to Sell This WeekHey Rich Friends, Happy New Year! I am so excited to be back and sharing trade ideas with everyone! Cheers to a peaceful and profitable year! I think GU will make a quick bearish move this week. Here is what I am looking at: - The most recent candle broke structure on the downside. - The most recent candle closed below the 50 EMA. - The momentum indicator is facing DOWN and BELOW 0. - The STOCH is facing down and the slow (orange) line is above the fast (blue) line. - No high impact news TODA. BUT STILL CHECK THE NEWS AS IT IS NFP WEEK. For me, all signs are pointing to a sell. I will set a sell limit at a previous high to give the market a chance to retrace, which will give you a better entry. My stop loss will also be at a previous high and my TPs will be at previous lows. Peace and Profits, Cha
Short
by MoneyMantraCha
Why I Think CADJPY Will Continue to SellHey Rich Friends, Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at: - The most recent candle has rejected the previous supply area - The momentum indicator is facing down - The slow line (orange) is above the fast line (blue) on the stochastic Additional confirmations to look for: - Wait for the stochastic to cross below 80 - Wait for the momentum indicator to be negative - Wait for break of structure on the downside TP will be set at 100 and 200 pips from SELL LIMIT entry! It is still NFP week so remember to check the new and only enter a trade if it makes sense to you. Peace and Profits, Cha
Short
by MoneyMantraCha
2