EURAUD - Trade SetupHello Dear fellows, how are doing . i am fine and looking at charts and especially on euro side . and i might Sell EURAUD or EURGBP in today's session , here is the setup, last day closings were perfect, and looks like it has still the potential to move downside more.
I will keep updating here whether the idea is performing or not or positions adding Etc .
Take Affordable Risk . this is not your Last Trade keep in mind !
Best of Luck !
Sellsetup
EURGBP - Trade SetupHello Dear Fellows , how are you , hows going your trading , in todays Trading Session i am not much expecting from any pair , or you can say i am not feeling confident as Currency Pairs are not align yet properly , I chose EURGBP pair for todays trading session as it has room to move further downside and it has good Risk Reward too ,
Anyways , Trade with Strict Risk Management do not excited ever !
Best Of Luck !
( i Keep Updating Trade idea whether its going good or not , so keep your eyes on updates if you are following this idea )
CADJPY Potential Selling Opportunity!Hello Traders,
In Today's trading session we will be monitoring CADJPY for a Selling opportunity in and around 104.3 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers!
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XRPUSDTHello Dear friends
We are still below the downtrend line, our $0.235 support area is still intact.
We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong.
On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to the range of $0.3416.
But for further correction, I think yellow range orders ($0.5281) are needed.
We would be happy to hear your comments
US30 US 30 has shown it doesnt want to go higher by creating Equal HIghs
We have an imbalance waiting to be filled on the 1h. Price doesnt have to fill it before shorts but it would be nice if it did.
2nd BEST SHORT in the entire Market right Now. MCK SHORT @ $359This trade I have been in for a while but thought I would post it here as its a similar setup to the SQM SHORT I posted last week. That SQM SHORT I labeled as "BEST SHORT Opportunity in the Market". Well this one is the 2nd Best in my opinion. Simply because it has been a little stronger stock and in a better sector (Healthcare) than SQM.
Having said that this stock is up HUGE and tagged MAJOR Resistance at $374 level. It also is very over bought and was making NEW ATH in the face of a falling market. As people scramble to protect their profits this one will crater to EMA 39 on Monthly Chart which lies at $243 level. Target Price for this is $244.93.
Entry was $359.06. Stop Loss = Confirmation CLOSE > $379.70. Target = $244.93. That is a 5.5:1 Reward:Risk ratio!!. As mentioned before this trade setup historically has a >85% Probability of working out EXACTLY as shown here.
Recently this trade broke down from a Rising Bearish Wedge and is now well into profit.
Beautiful RR on this swing trade for EURCADWe had good momentum to the downside from the Supply area marked in the chart creating an Imbalance
After multiple BOS, Price retraced, filling imbalance and taking out all the liquidity from early sellers
Waiting for LTF confirmations to enter sell position
The crisis is here but worst is to comeUs30 has a huge divergence with Nas100 and S&P500 . These 3 index usually behave the same but lately Us30 has been making a strong bullish move while Nas100 and S&P500 are holding way below. There are multiples catalytics this mont and the following month that can help this move to happen. In my opinion the move has started with the Federal Fund Rate interest rate . The interest rate went up to 75bps. We have NFP coming up, CPI and others. The scenario is not looking good. The curve is not here yet which must likely will make the market to suffer more.
GBPJPY I Local Intraday SHORT!Welcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
USDCAD first SELL area 4 next leg down Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..