EURUSD SHORT SCALP USING THE NY KILLZONE I MANAGE TO GET A SCALP TRADE ON EURUSD WHICH MY TAKE PROFITE WILL BE AT LONDON OPEN. ALREADY TAKEN OFF SOME PROFITS SOON PUT INTO BREAK EVEN
Newyorksession
NZDUSD ShortWas looking at a continuation of NZDUSD bearishness as we had a strong momentum push and clean 4H Equal Lows which Big banks were targetting as retail traders had their stop losses below the 'support'. We had a sweep of Asia low in London which created Equal lows on the 1H. We then run the high also meaning i was ready for entry in New york as i now had 4H equal lows to target and 1H. I then got the confirmation i needed- a 5m BOS and using the fib i set a limit on the 61.8 Fib level with a 12 pip Stop
EURUSD Top Down AnalysisWhat's going on traders! Here is an update on how I'm seeing EURUSD now. I posted a top down analysis of this last week and price is starting to reach some key levels for us. Overall, on the lower timeframes 4H and under, the trend is really starting to look bearish. On the daily we are still consolidated so let's wait for the market to show us it's hand and then attack.
Good luck the rest of the week!
USDJPY TRADE IDEA!!I really like this trade idea to the upside. With that reaction off of the daily OB I will take that as a confirmation that we may be in a intermediate term low. Of course depending on what the DXY does for the rest of the weeks to come. I like the idea of the market coming down into the OTE which would be the blue zone and then continue on up. If this happens today I will take the trade idea but I would prefer for this to happen during the London session or NY session on Tuesday and hopefully that will be the low of the week. My main focus for the trade idea would be for the market to tap into 106.800 that is my final target. Which would be the Daily bearish OB I have highlighted. lets see what happens.
interesting zone.Good morning traders today i am interested in the zone we are currently in for Usdjpy and i would be shorting it further if momentum continues to the down side. i think the bears are on our side with this tarde and shorting oppertunities are presenting them self if we break below the zone highlighted. the only thing i would worry about is the retracement to the upside. watch for the retracement and maybe short it from there
BULLISH MARKET ON NAS100ENJOY THESE BUYS ON NAS100. PRICE RECENTLY MADE A HIGHER LOW. AND WILL PUSH UP TO MAKE A NEW HIGHER HIGH!!!!!
Swing Trade Im already in profits wont move Stop Loss until Tuesday, I will secure partials at 150 pips
"EXAMINE THE MARKETS LIKE A SCIENTIST, BUT TRADING IS AN ART" - @TradingTrav
Detailed analysis on GJCircling all potential entries after 8AM, anticipating volume to come in for NY session.
NAS100 Shorts After USD Holiday PushDont be fooled by the Bullish rally all this week up until yesterday. Even though US is in the Holiday today, I expect markets to short next week to correct this weeks rally. Price rose to 10433 Yesterday 7/2/2020. After reaching that higher high on the structure, NAS failed to make another higher high. I also noticed a break of structure at 10383 and a retest of that zone last night. Im taking shorts to 10172. In the midst of me typing this price started to fall. I called this trade yesterday at 2pm EST. You can enter when price comes to a lower high on the 1HR Time frame of structure. Happy Trading. Like if you agree or leave a comment.
NAS possible Bullish to 10300 ?NAS100 has been bullish last 2 NY sessions. With strong bullish momentum happening within the last hour of each session around 3-4pm EST. Currently price is ranging during Australian and Toyko as it was doing yesterday 6/29/2020. During Pre London and London session I'm going to see if price will break current support at 10134 and head down to liquidity pool at the zone of 10100 to 10085. If i see rejection around that zone I will look for buys during the NY session to push bullish momentum up to 10200 and then on to 10250 and 10300. on 6/23/2020 last week the high was 10310. Ultimately my bias is Buys going long for the long term. If your up late you can take shorts down to 10100 or lower until we see exhaustion, during the London session. But I'm headed to bed lets see how NY session goes at 9:30pm EST. Good Night and hit Like if you agree. Subscribe if you want to see more of my breakdowns. Im still learning, yet earning. Focused on Risk management. You will always remain profitable if you have more wins than losses.
(EUR/USD) Potential Sell OpportunityGood Afternoon Traders. Who's Ready To Make Some Money?
This is my setup for today.
There's still a lot of bullish pressure in the market however i feel the markets needs to correct before continuing with the trend
Reason for trade:
- Price Over Brought
- Strong Wick Rejection on the 1hr
- Strong Resistance Level (Respected 3-4 Times)
Advice
When trading pull backs timing is everything. I prefer trading with momentum however i couldn't resist taking this trade. Lets see how it plays out.
Peace
Forex Prodigy
Almost 1:5 Type Beat 😃 My Firsttttttt actual "Swing Trade"😳.Cant wait to see what happens here. Im planning to hold until either TP1 or SL. Then I shall manage trades accordingly (I stackedddd).This is also my first markup and taken position off of the 4hr chart. I might be in this trade for like 2 weeks but I dont feel like trading anymore anyways unless I see another irresistible and highly probable setup as this one. This trade was just so appealing to me in the fact that I really decided to look at gold a lot different today. Simple technical analysis that I use on FX pairs of course guided most of the love toward this trade but there is just so much more to it. Just to keep this kind of short. I am first of all HEAVILY bullish on XAUUSD/Gold for a few reasons. First reason being technical and that it is in a simple uptrend on the 4hr timeframe. I also spotted an absolutely beautiful inverse head and shoulders. I normally dont just trade off of patterns but this made me even more excited because another confluence! Also knowing that the USD is the counter currency in this pair I looked at the DXY. Heavily bearish on that. Also Amerikkka wilding rn so thats all the fundamental analysis I think I need. RRR is desirable as it sits close enough to a 1:5. Almost! But we shall see how this goes. Im so excited. Ill update soon?
Note: Both shoulders formed on 4HR 9am New York Candle 👀
X2 1:5 Type BeatJust a crazy idea here. First entry in profit looking to “swing” that. Desired “swing” RRR on first trade is 1:6 because im weird. In addition to the first position I’d like to see a B&R of my first initial take profit which is already near 50 pips. The second position as well has RRR of 1:5. I do think this idea is crazy but cute so we’ll see how this is.
New York Open Breakout RetracementLooking to go long above the high of the M15 candle before the New York open after the potential false breakout, spreads will be higher during the open volatility so take into account if entering.
GBPJPY SHORT POST ANALYSIS (NY SESSION TRADE) GBPJPY NY SESSION TRADES
I had been looking for some day trading opportunities during the New York session this morning and GBPJPY was showing some good potential short signals. When trading such a short timeframe the best way to approach it is to see what the VERY NEXT move the market is showing its trying to make is the one you have to capitalize on. This morning is was displaying a potential short. On the 15M-1H charts there was a very strong seller momentum push to the downside as you can see on the left hand side of the chart. The push had been a new low and the buyers had brought price all the way back up into the price level of 142.900 where the original move had started. This relief back into structure had been very weak compared to the downside push by the seller showing me that this was a 100% discount for the seller essentially. Which who wouldn't want a 100% discount ? ;) Let's take a look at this.
1H Chart:
*on this time frame GBPJPY had been in a sellers trend for some time almost since the beginning of November.
*watching the momentum it had showed mt that the sellers were still very interested in this pair to short
15M Chart:
*during the NY session when I'm looking for a potential trade opportunity I look at 1H for bigger picture and 15M for the details of what it is trying to show me the next move will be
*I had seen a very weak push to the upside and then a top started to form, showing seller interest again
*risk/reward was fantastic and decided to take the trade for 100 pips profit
REMEMBER TO ALWAYS IMPLEMENT PROPER RISK MANAGEMENT WHEN TRADING. STAY DISCIPLINED TO YOUR TRADING STYLE AND PROCESS.
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Cheers!
[AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCEFX:AUDUSD
In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision Candle.
Trading Details:
Time Frame: 12hr
Entry: Below the low of the indecision candle (Pin Bar)
Stop loss: A few pips above the high of the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
