Get started

Tradesetup

$NZD - Interesting area!$NZD - Interesting area! I always go towards higher time frames, as Higher TF = Shorter TF movement it's really is as simple as that. As you can see, this is the weekly now we are within the ranges: Lows: 0.62 /.61 Areas Highs: 0.65 Areas For now you execute the range trade playing between those high and lows until a break. A break to either direction, would take you to either to trendline resistance and 200 EMA areas. A break below low of the ranges, you go towards great Fib area of support 0.60000 areas Overall, the market is looking over extended even with DXY but picking bottoms isn't wise decision to ever make! Key Tip: Follow your own trade plan. Have a great week ahead, Trade Journal
by Trade_Journal
EURAUD Trading Plan - 14/Jan/2023Hello Traders, Hope you all are doing good!! I expect EURAUD to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
GOLD - Potential Daily TradeGreeting. After todays CPI news. Gold made a new local top in the latest bullrun. Right now the price reached an important 4H orderblock/supply area and I expect a retracement of 50% of the previous bullish impulse ($1760 area). If we are lucky enough we can even hit the daily demand area that coincides with a strong FIB level. A potential confirmation for me will be a Daily candle close underneath the upper channel line. In this regard, I am preparing to enter a short trade. Trade details: Entry: 1892.50 SL: 1905.10 TP1: 1760 TP2: 1700 RR: 1:12 Risk: 1% account balance Disclaimer: This is not a trading signal or financial advice. It is only a potential trade that I'm looking at. I encourage you to always do your own diligence and not jump in blindly.
OANDA:XAUUSDShort
by AAlex91
BTC/USDT - Pullback expectedGreetings! After the latest rally, BTC entered a supply zone that made the bulls slow down a bit. I am expecting the latest orderblock to push the price into a pullback that can reach the 17k psychological level at least, which coincides with a demand area, before resuming this small uptrend. Entry: 17403.9 SL: 17502 TP1: 17000 TP2: 16700 RR: 1:6 Don't risk more than 1% of your account balance! Cheers. Trade with care and DYOR. Disclaimer: This is not a trading signal or financial advice. It is only a potential trade that I'm looking at. I encourage you to always do your own diligence and not jump in blindly.
Short
by AAlex91
2
Using DXY - Bond yield Divergence correctly.A really strong indicator for future price action of say DXY for example can be the divergence between it and 5y, 10y and 30y bond yields. Forex markets are driven mainly by interest rates and so if we take a close look at the bond yields we can see them making lower highs whereas DXY is making higher highs. As said, DXY will also follow the bond yields and so we would expect DXY to drop. This SMT Divergence concept coupled with economic events could make for a great trade idea.
TVC:DXY
by AlexD09
#Imp $BANKNIFTY levels for Friday "The Bank Nifty index experienced a 1.96% drop today, with a subsequent recovery and ultimate closure at a decline of approximately 350 points. A review of the previous rally starting at 41575 points reveals a two-day overall decline of approximately 1.90%, or a drop of approximately 50% from the peak. Analysis of the chart reveals that if the decline persists, with a further drop of 200 points, we may witness a retest of the 41149 support level. However, it is unlikely that this event would occur within a single day. The next support level of interest is situated around 40500, and a thorough analysis of the two-day candle for today and tomorrow will provide further insight. Upon examining the global market, I do not feel a pressing need to pay particular attention to any news or developments, as any event or occurrence ultimately reflects on our candle stick charts. It is my belief that we become confused and create our own perceptions when we try to interpret news and trends, which can be highly risky when trading. This has a significant impact on our trade play entry points and overall strategy. Please do not hesitate to ask if you have any questions." NSE:BANKNIFTY
NSE:BANKNIFTY
by Mayank_078
2