EURUSDAs I said last week ... a close even for 1 day below 1.20400 will make me continue with the idea of SELL until the Fibonacci 618 area!
THIS WEEK...EURUSD has reached the Fibonacci 618 as I said in recent weeks where we expect a rejection and a rise to the 1.20600 area
However ... a close even for a day below the Fibonacci 618 area I will continue SELL until Fibonacci 786!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
Please, give a LIKE if you find this idea useful!
Telegramsignal
EURJPYAs I said last week ...EJ closed 1 week and 1 month below the trend line which makes me believe that W is over and now it should drop at least 200-250 pips until it makes the next major move! (see also analysis for 1 week)
THIS WEEK...I will continue to look for SELL on EJ for at least 200-250 pips!
However, a close even for 1 day over 130,200 forces me to think of BUY up to around 133,000
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
Please, give a LIKE if you find this idea useful!
CADJPY on decline#CADJPY
In February, the price made an important breakdown of the 82.17
I support line. This is the strong line of 2012. And after its breakout, the price showed good growth. However, the growth stopped at another no less strong line - the 2014 resistance.
We don't think the price will have the strength to make another major breakout. Therefore, now I expect that the price will turn towards the support zone from the resistance line. Thus, my final target is support zone 82.28.
USDILS good pattern on a DailyHi Traders,
This is my view on this cross for the next few days.
#USDILS
Waiting for a strong breakout of the structure and the retest of the structure itself to go long
SL few pips below the lowest low and TP on Risk to Reward 1:3
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
GOLD continues the descent and UP againAs I said last week ...a closure even 1 day under 1756 will make me change strategy and look for SELL because traders are now reorienting towards the crypto market which seems much more exciting!
THIS WEEK...the GOLD trend for 1 month is still BUY but as I said ...
GOLD closed Fibonacci for 1 week and now the only valid chart remains the 1 month ... which shows that GOLD will continue its fall to the Fibonacci area 618 from where we will reanalyze the whole situation.
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
GBPJPYAs I said on January 24 ...closure even for 1 day over Fibonacci 786 will make me think seriously about BUY up to 145,000 and then even 148,000!
THIS WEEK...GJ has reached the most important point in history and for this reason I am preparing for SELL!
Even if this week it could go up 100-150 pips ... if it closes February below the downward trend line formed in the last 10 years I will look for SELL for 500-1000 pips in the next period!
If, however, the month closes above the trend line then a new world opens for GJ and probably the new course will be played between 148-163!!!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
USDCHF REVERSAL IN PROCESSUSDCHF Forex Chart
I THINK AT THIS POINT USDCHF MIGHT MAKE A BIG REVERSAL
USDCHF am really liking the set up am seeing on this pair Last week, the price bounced off the lower border of the ascending channel and broke through the strong support line at 0.894 during the rise. This line has been around since summer 2020 and now gives the price a strong base for growth. After the breakout, the price fixed on the line, but eventually stopped at the resistance line - the upper border of the channel - 0.902. Now the price is in the fall and I expect that first of all it will go down to the strong support zone of 0.892. This zone is just formed at the intersection of the 2020 line and the trend line of the beginning of 2021. And then the price will rise to the resistance line of 0.905.
SELL LIMIT GBPUSDWe set a sell limit at the price of $1.3970 support which according to our analysis we believe will not be exceeded. The price could go up to $1.4002 at the most, but from there it could go down.
📊GBPUSD
BUY PRICE: 1.3970
TP: 1.3940
TP:1.3890
SL: 1.4010
R/R: 1/2
Signed by: FxProfitSignals Group
Education: Why you should NOT buy or trade signals!" Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime " - unknown origin *
🔴 What does this quote mean, and how does it related to trading (signals)?
The quote means that you can indeed resolve an issue by providing a hungry man a fish, serving his immediate need, but if you really want to help him you should teach him to become self-sufficient.
Similarly, while providing a signal, you can provide the signal to a winning trade to someone, but if you really want to help him, you teach him how to analyze the market and become self-sufficient in trading.
🔴 DISCLAIMER
This post will probably get some backlash from users who provide signals, be it paid or not, because it goes against their "business model" and might reduce their revenues in one way or the other. But that is fine by me, this is my personal opinion, and I advise every single reader of this publication to draw his own conclusions.
🔴 What are trading signals?
Trading signals at a minimum constitute of an entry price and a direction. Example : buy $Gold at 1825 USD.
Some (but not all) signal providers also give you a Profit Target and/or a Stop Loss . They give you actionable information on where to open a trade, which direction you should trade and sometimes when you should close the trade.
🔴 That's easy! Nothing wrong with that, it can make me money, right! Right???
Yes, it can, you are absolutely right that you can make money off a trading signal.
However, there are a couple of questions that you need to ask yourself :
How many trades, what percentage, can you expect to win?
If not provided, where should you take profit or cut your losses?
What is the reason for entering the trade?
What confidence do you have in the trade if you're just following someone elses instructions?
What if you lose 10 trades in a row, was this expected?
Who is responsible for your losses? You, or the signal provider?
What do you learn from trading signals?
What are the emotions you have to go through during the trade?
What if your signal provider stops?
🤔 Additionally the question arises why the signals are provided.
Is it altruism? Or is it conceivable that the provider does not make enough by trading and wants to top-up his gains(?) by selling signals. Income from trading is not guaranteed, when you sell signal you make your profit the moment the transaction takes place, independent of the outcome of the trade. That's guaranteed 💰.
And yes, people will be unhappy and no longer order the providers' services, but there are always new "potential buyers" coming to the financial markets.
💡 " Trading signals does not guarantee your income, it guarantees the signal providers' income. "
🔴 OK, fair enough, but what should I do if I don't know how to trade?
Allow me to be blunt here, if you don't know how to trade, you should either learn how to trade, either keep your money in your pockets.
Ask yourself why you want to trade? What is the end goal?
► If you say that you just want to make some extra money, then taking up a 2nd job is a much more reliable source of income than throwing your money at the markets based on something someone else said, don't you agree?
Other than that, as said earlier, if you depend on a signal provider, that income (if any) will disappear the moment the signals do.
► If you want to become a trader, become financially independent, get rid of your daytime job, get out of that hamster wheel, I strongly suggest you invest the time and effort to learn how to trade for yourself.
🔴 MY ADVICE
Don't be lazy
Don't trade signals and
Learn how to trade
Hustle
Grind
Fail
Learn from your mistakes
Fail again
Don't give up
Don't expect to become rich overnight
Keep learning
Do your own research and analysis
Rinse and repeat until you succeed ....
That, imho is the only way you will achieve the financial goals you have set for yourself and feel good about it...
So, let's take our initial proverb and give it a trader twist:
👉🏻👉🏻👉🏻 " Give a Man a Signal, and You Could Feed Him for a Day. Teach a Man To Trade, and You Feed Him for a Lifetime " - Nico Muselle
💥The decision is all yours, if you want it bad enough, you can do it!💥
🔴 Useful information
This TradingView article gives you some additional information on the things you shouldn't do ... Give it a read before you hand out your hard earned money.
www.tradingview.com
Do you agree? What is your view on signals?
Let's open the discussion in the comments below ...
✌🏻 PEACE OUT
Liked this post ? "Smash that like button!" 👍 - follow for more educational posts and alerts 🔔 when a new one is published.
Oh, and maybe you'll like the related ideas linked below as well?
Thank you for your visit! 🙏
SELL NZDUSD (Resistance touched)NZDUSD after oscillating for about a week by the resistance that established the price after several weeks of lateralization, in price we do not see any kind of stimulus that can cause a break of this resistance established at 0.7226. We take this opportunity to go short and gain a few pips.
📊NZDUSD
SELL PRICE: 0.7226
TP1: 0.7200
TP2: 0.7150
SL: 0.7266
Signed by: FxProfitSignals Group
EURJPY SELL IN Resistence at 127.25EURJPY follows an uptrend, after different technical indicators, the price is going to take to the resistance at 127.25, from there we expect the price to retrace and change the trend.
📊EURJPY
SELL PRICE: 127.25
TP1: 126.90
TP2: 126.42
SL: 127.75
Signed by: FxProfitSignals Group
PULLBACK IN 0.8924 BUY NOW USDCHFClear pullback of the price after overcoming the support that was established at 0.8924, after all last week above this price, it returns to 0.8924 and after different indicators we confirm the pullback.
📊USDCHF
BUY PRICE: 0.8924
TP1: 0.8964
TP2: 0.9038
SL: 0.8874
Signed by: FxProfitSignals Group
SELL LIMIT NZDUSDSel limit, in the NZDUSD, we expect the price to reach the resistance at 0.7235, where last week's highs have been established, a trade with a slight percentage of risk, since the price of the pound could break the resistance although the different indicators of both volume and strength do not show it.
Signed by: FxProfitSignals Group
📊NZDUSD
SELL LIMIT PRICE: 0.7235
TP1: 0.7185
TP2: 0.7125
SL: 0.7265
EURJPYAs we told you last week ...it is an extremely difficult and risky week because the 1-month chart ended above last month's value and with a low rejection but closed below the very strong resistance formed in recent years!
I will continue to search on massive SELL but a closure even for a day over 127,500 I will prepare for BUY!"
THIS WEEK...even if an ascent seems imminent I will not take into account BUY unless it closes over 1.27500 for at least 1 day!
As you can see, the pattern is almost identical to 2019 ... and even then he failed to break this psychological threshold!
NOKJPY: two tradesHi Traders,
This is our view on this cross for the next few days.
#NOKJPY
BUY 12.250
SL 12.160
TP 12.470
#NOKJPY
SELL 12.475
SL 12.555
TP 12.340
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
———————————
Trading Kitchen
USDJPY: Monthly outside barHi Traders,
This is our view on this cross for the next MONTHS!!!
#USDJPY
BUY 104.67
SL 102.41
TP 111.37
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
———————————
Trading Kitchen
EURJPY: retest of the resistance?Hi Traders,
This is our view on this cross for the next few days.
#EURJPY
BUY 126.58
SL 126.36
TP 127
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below