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Tips4pips

📝 $USDJPY: Watch Potential Breakout and Bounce From Trendline👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍 Scenario 1: Bullish Breakout Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch (now) and break into resistance for a confirmed breakout. If bulls come in here, they'll reclaim the resistance as support and continue higher. That's the ideal move. A safe trader would buy on break of resistance ONLY AFTER resistance becomes support. Here's a visual: Scenario 2: Bearish Rejection Many traders will like to think that this was a bearish rejection on the 4th touch of TL and they hopped in to short it. But wait. Not so fast - that can be a bearish fakeout. Need to be careful here and wait for proper confirmation, which would look something like this: First, the blue trend gets broken. Next, the resistance holds up well for a violent breakdown. You can start shorting on a lower high after that. You can play both sides, as long as you wait for confirmation. Waiting for confirmation is difficult in a fast-paced trading environment. You want to jump on a trade, make some pips right away, and log off. It doesn't work like that. Patience pays off. Wait for confirmation and take safer trades. Always check the shorter timeframe for the best entry and for trend confirmation! If you see the wick of the last candle, it bounced PERFECTLY on the high wick from before. Also, what's great is that it confirmed a fakeout under the trendline on a strong, bullish, high-volume candle. As I always tell my followers, go LIGHT on your trades. Baby gains add up! When you refine your strategy or hit 100 green trades, start making heavier trades. Follow for more free insights. Posting a few times daily!
Long
by kingdips
Possible Long On GoldHi trading family. I have decided to start posting ideas too, thanks for all the love and support. On this pair, we spot several confirmations on possible long for Gold with a risk-reward ratio of 1:2 The fibs offer key patterns in the market as they magically get respected in most cases. The 3 circles you see form a head and shoulder pattern which gave us a short whose take profit has been reached. If the triangle is not broken at the bottom, we will form a level for a new trend line which will give us the trailing levels for our trade. Good luck with your trading.
OANDA:XAUUSDLong
by DevLucem
7
Trading Habits that lead to SUCCESS...Check open positions less frequently... Once you've opened a trade, leave it. Don't watch the movement and close of every candle, this will lead to the trade becoming emotional, which spells DISASTER. If you swing trade, then checking trades 1-2 times a day should be fine. If you day trade, then checking open positions once an hour should be adequate. Anything you can do to make trading less emotionally challenging is a must!
Education
by Samuel_Morton_Trader
REALITY OF TRADINGIn trading, you don't need to have 100% reason on all your analses to be profitable, if you pay well your stop loss, take profit and if you manage your ratio/ risk well. It makes sense, let's make an example: I analyze 4 pair, with a risk ration of 1 in 4 each, ie I risk 1% of my capital to earn 4, the 4 analyses, in a single day. Let's say the top three lose, but the fifth is a winner, what happens? You have 1% of your cazpital, whereas you have only been right once in 4. No one can predict the financial markets 100%, that is not possible. So take analyses with a minimum ratio/risk of 1 in 3. Good day to all traders!
OANDA:XAUUSD
by quentinenio
NZDUSD POTENTIAL LONGNZDUSD UPDATE! Price stalled at previous daily support @ 0.67767 making a higher low .We are now seeing some bullish momentum a #break and retest of the CTL on lower time frames would suggest longs in the pair, however strong resistance around the 0.68727 area could possible prevent further longs to Upside target 1. If a clear break of daily resistance/previous triple top will precedent longs all the way to upside target 1, where the pair will make a new high. WAIT FOR SET YOUR UPS AND REMAIN DISCIPLINED! Let's have a great trading week! Follow us on Instagram @ Tips4Pips
Long
by Tips4Pips
USDCAD SHORT CONTINUATION The pair looks to be continuing it's downtrend. Our previous post on the pair 251 #pips were banked with the pair hitting out first target. Our second target came close to being hit fortunately we notice it some bullish momentum on lower time frames helping us exit in profit before the pullback we have seen in the last four days. The pair is now trading in a descending channel making lower highs and lows. The current break of the CTL signals the pair may be continuing bearish momentum and on it's way to making it's next new low which is in confluence with our second target @ 1.282272.
Short
by Tips4Pips
NZDUSDFor the past few weeks NZDUSD has been very rangy and hasn't really showed any real sense of market direction to capitalise on. However, we have a nice quick little short setup we at tips4pips keeping eyes on. Price displayed a triple top formation at resistance + 200ema and also a false breakout of a major descending TL. We was looking for a break of the CTL in which we got with price opening lower and we will now zoom into lower timeframes and wait for a concise entry which is #low risk high reward.
Short
by Tips4Pips
EURGBPHere on the #EURGBP pair during 2015 price was mostly on the decline then was stuck in a range where price was at its lowest in 5+ years. On the weekly price has formed an inverse H&S reversal pattern, broken a major descending TL and our MA's are turning to the upside all suggesting huge #bullish momentum. However we have a great looking, high probability #short setup we are looking to take advantage off. Price formed a bearish pinbar at a key resistance level (0.775) which is also confluent with the 200ema. We are anticipating a break and retest of the ascending TL and a short run down to our support zone(0.748),which is a potential C retracement 50% fib level. If this is indeed a trend reversal to the upside we will be looking to place our long entries here, in which we will be targeting the 0.805 level. Long entries will still be warranted if we dont get our pullback and see a clear break of the resistance level at 0.775 and the pinbar high also targeting our 0.805 level. Remember the higher timeframes rule all! So #build a case for the direction you want to trade in than zoom into the lower timeframes to confine your entries so you So you can milk as many pips as possible from the $5trillion+ forex market
by Tips4Pips