Get started

Swingtrader

EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸 EURUSD is trading in a long-term bearish trend. After the price set a new lower low at the beginning of October, the market started a correctional movement within a bearish flag pattern. Closely monitor a support of the flag next week, its violation - a daily candle close below, will be a strong bearish signal. A bearish continuation will be anticipated then to 1.051 / 1.047 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
USDJPY Ahead of Powell Speech 🇺🇸🇯🇵 USDJPY is trading within an ascending triangle formation on a daily. Taking into consideration that the market is trading in a bullish trend, probabilities will be high that we will see one more bullish wave. Your confirmation will be a bullish breakout of the horizontal resistance of a triangle - daily candle close above 150.15. A bullish movement will be anticipated to 150.5 level then. Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
Learn TOP 3 Elements of a Perfect SWING TRADE Hey traders, In the today's post, I will share with you a formula of ideal swing trading setup. ✔️Element 1 - Market Trend When you are planning a swing trade, it is highly recommendable that the direction of your trade would match with the direction of the market trend. If the market is trading in a bullish trend, you should look for buying the market, while if the market is bearish, you should look for shorting. Take a look at CHFJPY pair on a daily. Obviously, the market is trading in a bullish trend and your should look for swing BUYING opportunity. ✔️Element 2 - Key Level You should look for a trading opportunity from a key structure. IF the market is bullish, you should look for buying from a key horizontal or vertical SUPPORT, WHILE if the market is bearish, you should look for shorting from a key horizontal or vertical RESISTANCE. CHFJPY is currently approaching a rising trend line - a key vertical support. Please, note that if the price is NOT on a key structure, you should patiently wait for the test of the closest one. ✔️Element 3 - Confirmation Once the market is on a key level, do not open a trading position blindly. Look for a confirmation - for the sign of strength of the buyers, if you want to buy or for the sign of strength of the sellers, if you are planning to short. There are dozens of confirmation strategies, one of the most accurate is the price action confirmation. Analyzing a 4H time frame on CHFJPY, we can spot a falling wedge pattern. While the price is stuck within that, the minor trend remains bearish. Bullish breakout of the resistance of the wedge will be the important sign of strength of the buyers and can be your strong bullish confirmation. Following these 3 conditions, you will achieve high win rate in swing trading. Try these techniques yourself and good luck in your trading journey.
OANDA:XAUUSDEducation
by VasilyTrader
3
EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺 Even though, EURAUD is trading in a long-term bullish trend, we can not deny the following bearish clues: First, the pair violated a support line of a rising parallel channel and closed below that on a daily. Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market may easily drop lower. Targets - 1.640 / 1.628 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
CADCHF: Your Detailed Trading Plan 🇨🇦🇨🇭 Take a look at CADCHF. The pair broke and closed above a key daily resistance last week. The price is currently consolidating with a narrow horizontal range, retesting the broken structure. Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range. 4H candle close above 0.6643 will confirm the violation. A bullish continuation will be anticipated to 0.6655 / 0.6665 levels then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10