EUR/GBP Short and EUR/USD ShortEUR/GBP Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Trading-forex
UsdMex to short,looks like a nice chart to go shortHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Trend looks set ,watching for oppo so short
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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For Shorts on GbpnzdHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I am bearish on the pairs, more downside should be there.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EURUSD bias for longs...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Let's see , long for eurusd for me :)
At the same time i am also bias to short
USDCHF
USDMEX (Mexican Peso)
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Usd likely more downside coming..bias to shortHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short USD more bias on short. Therefore setup on the majors or USD pairs for me will bias to go on shorting USD.
Trend looks like a retesting of Supply level for shorts.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
How to Start Forex Trading. Step-by-Step Learning Plan
Hey traders,
If you are wondering how to start Forex trading, or you just started to trade, I suggest a 12 weeks intensive learning plan.
Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy.
✔️Week 1 - Practice market trend identification
Learn to identify the direction of the trend. Master the recognition of a bullish trend, bearish trend and sideways market.
✔️Week 2 - Practice support and resistance.
Learn to identify key levels. Master support & resistance recognition.
✔️Week 3 - Learn candlestick patterns.
Study classic candlestick formations and practice their recognition.
✔️Week 4 - Learn price action patterns.
Study classic price action patterns: trend-following patterns, reversal patterns and consolidation pattern and learn to recognize them.
By the end of the first month, you will mature the basics of candlestick chart analysis.
✔️Week 5 - Practice supply and demand zones.
Learn to identify supply and demand zones. Learn to combine candlestick analysis with support and resistance to identify the potential reversal zones.
✔️Week 6 - Practice multiple time frame analysis.
Master top-down analysis. Learn to apply all the techniques studied previously on multiple time frames.
✔️Week 7 - Learn different entry strategies.
With all the knowledge being obtained, you can practice different entry techniques. You can try trading candlesticks patterns or price action patterns, or simply key levels. Search what works for you.
✔️Week 8 - Learn risk management.
Of course, entry strategies are not enough for profitable trading. Learn how to set stop loss and how to manage your risks properly.
By the end of the second month, you will have a foundation for a strategy building.
✔️Week 9 - Practice trade management.
Knowing how to enter the trade and how to manage the risks, the next step is to learn how to manage the active position (stop loss trailing, position protection, manual closing, etc.)
✔️Week 10 - Create a trading plan.
Combine all the knowledge that you gained in a structured trading plan.
✔️Week 11 - Follow the strategy.
Be disciplined and follow your rules. Test them and learn to be consistent.
✔️Week 12 - Review your plan.
Following your strategy, you will inevitably find its flaws. Learn to constantly improve it.
By the end of the third month, you will have a complete rule-based trading strategy. Of course, that won't be a perfect strategy, but you will have broad knowledge in technical analysis.
The next 3 months alone should be sacrificed on polishing and improvement of your trading plan.
Try this intensive, traders. I strongly believe that you will see a dramatic improvement in your trading upon its completion.
GBP/USD Short, EUR/GBP Short and EUR/USD ShortGBP/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/GBP Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
MAY 1ST 2024 US30 FOMC Trade Idea/LiveTrade I approached the charts fresh out of the shower. I got in at 9:20 AM NY Time and got to the computer around 9:40 AM NY time. But anyway,
I saw on the weekly that we were slowly rejecting lows. So, that means if I saw either a shift in structure or a change in the state of delivery, aka a break above an OB that has taken liquidity to go higher on the 4H or 1H, then price could slightly be trading back higher just to raid above a high, then proceed lower. But in order for me to keep that bias, I must see if a daily key level was being respected and if price has recently raided a low while also rebalancing within an FVG. If so, then price is more likely bullish. And that's exactly what happened.
Gold Falls As US Dollar Rises On Strong Core PCE InflationGolden Dilemma: The rate of the yellow steel has fallen from its excessive as US Dollar`s restoration pushed with the aid of using increased US middle PCE inflation information, placing strain at the cost of gold. The annual underlying inflation information rose at a better tempo of 2.7% from the estimates of 2.6% however decelerated from 2.8% recorded in February. Stronger-than-anticipated figures hose down Gold`s charm with the aid of using lowering the chance of Federal Reserve charge cuts in the approaching September economic coverage meeting. The month-to-month underlying inflation information met expectations, last steady with the preceding studying of 0.3%. This state of affairs favors bond yields and the United States Dollar.
* Technical Breakout: Gold fee changed into traded decrease following previous retracement from the resistance stage 2335.00. MACD which illustrate diminishing bullish momentum sign endorse the commodity to possibly expand its retracement.
* Resistance and Targets: If the bearish momentum persists, there`s a robust probability that the fee will probably head in the direction of 2270.00. Conversely, a breach lower back above the extent 2335.00 might endorse a fashion continuation and probably head in the direction of 2400.50 stage.
Understand how technical evaluation let you on this buying and selling opportunity.
SILVER Will Go Lower From Resistance! Sell!
Take a look at our analysis for SILVER.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 27.366.
Considering the today's price action, probabilities will be high to see a movement to 26.782.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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ETHUSD Analysis (29th April 2024)
Crypto Analysis (28th April 2024)
ETHUSD Analysis
On the 4 hour Timeframe, Price action made a bullish Change of Character after a heavy retracement on ETH. In the process, a new 4 hour bullish FVG has been formed.
Ideally, I want to see price pull back to the 3282 level to retest the 4 hour minor resistance level it broke out off before creating confirmations on the 15 minute or the 5 minute to go higher. This is in line with retesting the bullish FVG created as well.
However if price action fails to continue bullish and breaks past 3074 with a body candle close, I will more inclined to look for sells using the break and retest strategy, ideally with a 15 minute timeframe confirmation using Change of Character or a bearish engulfing candle, targeting 2868 level.
AUD/CAD Long and AUD/NZD ShortAUD/CAD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• 1H impulse down.
• If 2 touch 15 min continuation, 5 min risk entry within it.
Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
USD seems retracing with a flag pattern...Bias still upsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias still on the upside, let's see how it play out on a NPF Cum Interest rate week ahead!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
EUR/JPY Short and EUR/USD ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
SILVER is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 28.941.
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XAUUSD Analysis (24th April 2024)
Market Analysis PT1/2 (24th April 2024)
XAUUSD Analysis
On the 1 hour timeframe, Price action has rejected off a daily orderblock couple with a weekly bullish Fair value gap, creating a bullish Change of Character to the upside.
This means that there could be potential intentions of price creating a potential bullish market structure shift on gold, allowing gold to continue bullish on the daily timeframe.
Currently the 1 hour has created a bullish FVG, which hasnt been tested. So ideally i am looking for price to come into the bullish FVG before looking for 5/15 minute confirmation using a bullish change of character to continue higher.
However, if price breaks below the FVG and breaks the 2291 level, that price still has ways to go to the downside and i will be looking for continuation shorts.
EUR/GBP Trade Recap and Missed Trade and EUR/JPY ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Usdjpy, congrats to those who long the break up last week!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Yup, as mentioned, if you have gone long last week..so question this week, is it gonna repeat what happened last week?Hmmmm i am starting to be more cautious
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Eurnzd waiting for a push higher for break upHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for the break up
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --