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EUR/CAD Long, AUD/CAD Long and NZD/USD ShortEUR/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD Long • If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
6
USDCAD Potential Selling Opportunity According to my FundamentalSell Description: Pair: USDCAD SL: 20 - 30 pips TP: 80-100 pips We have identified a potential selling opportunity in pair. The price has shown signs of bearish momentum and is currently trading below key resistance levels. Our entry point for this trade is is Shown in Picture, with a stop loss (SL) set at . This provides a risk-reward ratio of approximately 1:3,4 ensuring a favorable risk management strategy. Our take profit (TP) target is set at mentioned Area on the chart, aiming for a potential gain of 80 to 100 pips. This level aligns with previous support and offers a high probability of price reversal or further downward movement.Please note that trading involves risks, and it is essential to manage your positions carefully. Always adjust your position size according to your risk tolerance and ensure you have a clear understanding of the market conditions before entering any trades.
Short
by Fx_tradertareen
EUR/CAD Long and EUR/USD LongEUR/CAD Long • If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Editors' picks
Long
by StewySongs
9
Xauusd - 15Min Analysis Counter trend trade : Slight correction expected after a beautiful drop in Gold yesterday, Possible to hit the previous lowest low on the daily or 4Hr timeframe (marked with a simple line for possible rejection) or price could easily break the current lower low (might occur just before 14:30 sast - news - normally 30 min before news) This is Biased in my belief that a small correction occurs after a big drop or rally This correctional move setup is for a temporary buy - very risky - hoping to make some cents, awaiting my next trend trade sell setup around the same area expected to reject price (previous daily lowest low or the previous 15 min OB before the drop - there’s two I see so the closest to current price. NB!: this is a down trend and this is simply a test of theory that I’m taking - simply trade with the trend and note this is not advice.
PEPPERSTONE:XAUUSDLong
by codexd
1
EUR/CAD Long and EUR/USD LongEUR/CAD Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
5
GBP/AUD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
5
OMX - Bounce on the 50% levelI see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic downturn has already passed, and the economy is heading towards brighter times. It might take some time, but the stock market always leads the way, and I believe it will be the same this time. 🫂 The fifty percent zone is always significant, regardless of the time frame, but it holds particular importance in the long run. The blue mark represents the 50% zone from the 2021 peak to the 2022 bottom, and this zone will be highly significant. ⚖️ If we start closing below that zone, it could lead to several years of challenging times. Currently, we've just bounced from there, and I believe we'll move up from here. It's possible that we might bounce around down here for a while before moving up, but I'm quite confident that we won't go much lower than where we are right now. The dollar looks strong and has recently broken out, which isn't favorable for assets. The dollar also has a crucial 50% zone that I believe it has the potential to reach and then reject. This should be the last major uptrend for the dollar before it falls significantly. 💵 We'll see how everything unfolds. Depending on what the dollar and the U.S. stock market do, OMX may be affected. SP500 and NASDAQ are somewhat away from their 50% zones, so OMX might decline for a short while before rebounding if the larger indices react positively at their 50% zones. 💬 As I've mentioned before, I believe we will reach new All-Time Highs within the next 10 months. 🥳 Best of luck!
OMXSTO:OMXS30Long
by WealthNode
EUR/CAD Long, EUR/USD Long, GBP/AUD Short and GBP/NZD ShortEUR/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If price simply impulses up, it does so in a convincing manner and a tight flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If price simply impulses up, it does so in a convincing manner and a tight flag forms, then I'll again be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
6
EURCAD ABC BULLISH PATTERN Hello and welcome to an insightful journey into the world of trading chart patterns, where we'll explore how to analyze and leverage patterns like a professional trader. Whether you're new to trading or looking to refine your skills, understanding chart patterns can provide valuable insights into market trends and potential opportunities. The Power of Chart Patterns: Chart patterns are visual representations of market behavior, formed by the collective actions of traders. They offer a way to identify potential trends, reversals, and price targets. By recognizing these patterns, you can gain a competitive edge in the markets. Symmetry ABC Bullish Pattern on EURCAD: Today, we'll focus on a specific example: the Symmetry ABC Bullish Pattern observed on the EURCAD daily chart. This pattern consists of three distinct legs: A, B, and C. Leg A: The initial bullish move. Leg B: The corrective phase, often retracing part of the move from Leg A. Leg C: The continuation of the bullish trend, exceeding the high of Leg A. By identifying these legs, we can project potential price targets using Fibonacci extension levels. In our EURCAD example: 100% Target: At 1.50836 - representing a full extension of Leg A projected from the end of Leg B. 127% Target: At 1.52451 - a more ambitious target indicating strong momentum. 162% Target: At 1.54518 - the most aggressive target, suggesting significant bullish potential.
Long
by TradeChartPatternsLikeThePros
2
EUR/CAD Long and SUGAR/USD ShortEUR/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD Short • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSD
by StewySongs
4
SP500 - Consolidation before ATHI think that SP500 wont go much lower than where it is right now (Yellow mark), A consolidation for a month or two is more likely before testing ATH. In worst case scenario we could go down to the purple marked area, that is also where the 50% level sits from ATH to the bottom of 2022. A Break below that level would be devastating for the markets which would mean lower for longer. I see many are calling for a new low of this "bearmarket" which is not my opinion at all, I think we are in a bullmarket since the bottom 2022 and that the recession everyone talks about already happened. I see no reason for us to not break ATH within 6-12 months from here.
SP:SPXLong
by WealthNode
GBP/AUD Short and GBP/NZD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
7
GBP/USD Long, EUR/AUD Short and GBP/AUD ShortGBP/USD Long • If price breaks below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
7
GBP/AUD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
8
GBP/AUD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
GBP/USD Forecast: Analyzing the Future OutlookOver the course of the past two weeks, the GBPUSD currency pair experienced a pronounced decline, breaching the pivotal monthly support at 1.2448. Notably, there was a subsequent rally to retest this critical level during the Friday session of the preceding week, following the initial breach observed on Thursday. In the upcoming trading week, our strategic outlook is anchored on the potential for a price resurgence, with an aim to revisit and validate the 1.2448 level before anticipating a subsequent descent, as indicated by the directional arrow.
Short
by Blackerberg
GBP/JPY Forecast: Analyzing the Future OutlookThe asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a prospective entry point for short-selling positions. We will closely monitor price behavior at this level; should it maintain resistance, we anticipate a subsequent descent, with an objective set to ride the downward momentum towards the 182.7 area.
Short
by Blackerberg