Noobanalysis
EURGBP-The dumbest trade of all time???I'm not doing this seriously, but this should be a fun experiment.
I'm applying a brand new strategy here, trying to use the weekly and monthly levels.
It would be too crazy if this actually works out, but hey, you never know until you try...
Hey, before you scroll through and ignore this idea, just please check on the future price movements.
Again, if it works then it is just the craziest thing that you've ever seen in your entire life, right?
Sure it has high RR because the SL is like 4 pips and whatnot, but if I move the SL to the R1 pivot then it would have 5R, which is still pretty good.
The ridiculousness of Forex trading - CHFJPY missed opportunitySo I made a buy limit order on CHFJPY , made 1.55R, not too shabby.
Except that it didn't actually happen!
CHFJPY reached the entry price of the order, but it did not get filled for whatever reason!
Wish I could publish this idea on the 1-minute timeframe, to underline just how precise the price has reached the entry point.
Just something that I want to tell anybody who's maybe new to Forex trading, to just be mindful of situations like these.
Goodbye.
NZDJPY simple price-action trade ideaEntry @70.952
SL @71.065
TP1 @70.25
TP2 @69.877
Oh, and did you know that it's literally 12 am in my place? I didn't stay up all night just looking at charts, I watched a couple of gaming live-streams here and there.
Since I am kinda exhausted right now, how 'bout I keep things a bit short. Analysis details are all there for you to see.
6R trade, never successfully made one before, and that's just the TP1. Let's see what happens!
Good night!
AUDUSD price is now bearish after manipulationYesterday, a lot of currencies moved abnormally, in that they created a candle with a really huge wick. This must've been the manipulation after the huge shorts that were made.
Price is almost finished filling out the huge wick, and since other traders are gonna go long after seeing this huge up move, the market makers are gonna plunge the price down.
So that's my reason for going short on this trade, and I've already shown all the other stuff like TP, SL above.
Goodbye.
Gold Spot Dollar Made this analysis using multiple fibonnacci retracements about a month ago and it appears to still be valid. I'd originally thought there would be retracement to the 1900s... wish I'd taken that trade! I think based on the current pattern there should be at least one more dip toward the 1903-07 range before possible reversal.
Just as a note- this is in no way advice on what should be done- just a look at the market over the last month. I do have a buy set in at 1904 just in case with sl of 1900. Good luck ladies and gents!
Long term downtrend EURJPYFrom what I can see the long term of the EURJPY still down trend. It has broken out the wedge pattern that has form since around 2008 and has broken out around aug 2019. currently the bottom of the wedge is being tested again and IF the end of this month or couple months from now show any sign of bearish trend shift again would be a good time to find opportunity to shot and hold for a massive dump.
This is my first few analysis if anyone has any different view or ideas feel free to share.
good luck trading.
EURUSD fundamental and technical analysis EURUSD analysis for next week.
Fundamental analysis:
From the last week, EU leaders had a first face-to-face summit in months to thrash out a post-coronavirus economic recovery package. Every EU leader had a positive comment about it but some of it disagree with how the money should be handed out. This gonna be a good news for Euro.
If you have any opinion about it, please leave a comment in my analysis. :V
noob looking for a some helplooking for some rep points so i can start chatting and learning more with this great community, ive watched several tutorials and such but still in the very early learning stages, thanks for any that i do receive.
audjpy short chart Monday-11:41 PM may18, 2020depending on how it reacts to this resistance I have two scenarios charted up for my demo account, don't take my advice!! im super new. I could be completely wrong. please tell me what's wrong/right about my charting plz :) im leaning more towards a buy on this one
An easy, but clear approach to short term BTC priceGood evening,
combining the chart on the 1D timeframe by using ichimoku cloud and making use of the lower-lows and lower-highs which are being steadily printed, we can make an easy prediction on the current bear market, which is spiraling BTCs price downwards, slow but steady.
This is not financial/investment advice, just a little 5 minute thought I came up with. Correct me if I'm wrong, comments are appreciated.
cup an handle sorry my earlier idea was done on the daily the cup an handle i was trying to show was on the 1 hour to 4 hour but as you can see we are working are way up off the bottom of the handle but volume to me doesnt look right we should be looking for a move back to 10.5 11k we will see how the over night hours are
cup an handle good morning to you all hope you all are doing well. This drop has formed the handle to the cup. this is bullish for the short term as long as we don't sink any lower then 9820 or 9800 this move will be valid if we move be low those point then we can see moves back down to 9500 possibly 9000 an 8500 gap boys lol we are also in a huge triangle going back to our yearly high 13.5k that apex doesnt come to tell end of oct an could not close a 1 to 4 hour candle under 9400 that would break the overall formation if you do notice their are about 3 candles that did close below that support but ran right back above it if we can hold above that then i can really see us taking btc to new highs
BTG Long Term Inverse HS coming into play/ Consolidation phaseBTG has been forming a long term Inverted HS over the coarse of the past year, currently found a nice support ~18 dollar mark, but definitely has room to move down into the lower 17 dollar range.
BTG isn't necessarily a smart Long ATM.
I suggest continued TA, as BTG moves sideways between ~17-19 ranges as a considerable drop from Bitcoin (down to ~8.7k) could easily invalidate these charts at this point.
NOT AN EXPERT, DISCLAIMER!!!
I saw this forming and nobody had been discussing it yet, so i thought id bring some light to it.
As Always, DYOR and Good Luck
Short term long for BTC Back up to retest ~12k resistanceBitcoin forming Inverted HS on the 30 minute charts:
Could possibly see a rebound off the ~9,650 Dollar mark back to retest ~12k Resistance levels.
If Inverted HS plays out i see the the 11,800 being touched before falling back to to the 9.2k range.
If pattern doesn't play out most likely dance around the ~9,200-9,600 range before heading back towards 8.7k and lower.
NOT AN EXPERT, DISCLAIMER!!!
As Always, DYOR and Good Luck.