AUD/USD BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are going long on the AUD/USD with the target of 0.662 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Trading-forex
USD/JPY Long and EUR/USD ShortUSD/JPY Long
• If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get long with a risk entry within it.
• If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and I'll be looking to get long with a risk entry within them.
• 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 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
WTICO/USD ShortWTICO/USD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
CADCHF What Next? SELL!
My dear friends,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6471 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short ) signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6450
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUD/JPY Long and SUGAR/USD LongAUD/JPY 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 subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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 Long
• If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
GBPCHF Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.0940
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0921
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Community challenge: Share Your Best Trading Idea!Hey there, fellow investors and trading enthusiasts!
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EUR/CAD ShortEUR/CAD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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/CAD Short and WTICO/USD ShortEUR/CAD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
WTICO/USD Short
• If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with a risk entry within it.
• If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and I'll be looking to get short with a risk entry within them.
• 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.
Eurcad for a shortTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Cad seems to be pretty strong as compared to other majors (except USD)
Let's see if we do have oppo to short this pair. Same for AudCad
Do check out my stream video 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"! --
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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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GBPAUD (and EURAUD) Looking at more upside to comeTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Likely more upside to come,let's see!
Do check out my stream video 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"! --
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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 a likely breakout?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
We are looking at a potential break away from the almost half a month's long consolidation...I do have bias of it heading up since the prevailing short term trend is up. Let's see for the coming days!
Do check out my stream video 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.
*********************************************************************
EUR/USD Short, AUD/JPY Long and AUD/CAD LongEUR/USD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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/JPY Long
• If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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 corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
GBPJPY Is Going Down! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 186.714.
Taking into consideration the structure & trend analysis, I believe that the market will reach 185.046 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
USD/CHF LongUSD/CHF Long
• If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
[EDU] 4 Numbers You should Know so to be Profitable in FX Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Here are 4 numbers you should know so that you can become profitable in FX Trading:
*Check out the Formula in the Chart picture*
Position Size
Determine the appropriate position size based on your risk tolerance, account equity, and the distance to your stop-loss level.
Ensures that you are risking a consistent percentage of your trading capital on each trade.
Risk and Reward Ratio
Helps you assess the potential reward relative to the risk in a trade.
Margin Level
This Represents the ratio of account equity to used margin, expressed as a percentage.
It helps you assess the health of your trading account and whether you have sufficient margin to cover your positions.
Pip Value (in USD Terms)
Its represents the monetary value of a single pip movement in the currency pair.
Understanding the potential profit or loss in a trade and is dependent on the position size, pip increment, and exchange rate.
These calculations provide essential insights into risk management, trade analysis, and account performance.
Do check out my stream video 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.
*********************************************************************
EURUSD Short Trade 24-01-29: Trade Signal EURUSD Short Trade
24-01-29
*Trade Price Levels*
1. Risk Entry (Pending Order)
Pending Order Price : 1.08700
Stop Loss Price : 1.09100
Take Profit : 1.08100
Risk to Reward Potential
-1 units of risk for 1.5 units of gain
-Note: Needs a win rate or 41% or above to be a profitable trader
-Will Track Feb Signal Win Rate
A. Will track risk entry win rate and confirmation entry model win rate
B. Based on data that will determine risk profile for Prop Firm Funding (More Aggressive Risk Profile)
Cons For Trade
A. Price is in the discount of the swing range
(should sell from premium and long from discount)
B. Price could use the demand zone from the daily to drive (hawkish) Price through zone above making higher highs and lower lows
C. Price broke key price level of 1.0800 (more neutral)
Pros
A. Double zone supply zone coverage with stop loss being big enough to let the trade breathe a bit
B. The first Mitigation of a zone often fails leading to price moving up and then going deeping (bearish) towards the strong swing structure below
C. The overall trend is more bearish than bullish
Fundamental Drivers
A. Price Broke 7 week low of 1.0800
B. Central Bank rates remained unchanged
C. President Lagarde is more dovish than hawkish
NZD/USD Short, GBP/NZD Long and USD/CHF LongNZD/USD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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 Long
• If price impulses up above our area of interest on the one hour chart and a subsequent tight two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
USD/CHF Long
• If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back above our area of interest on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
gbpusd confirm buy read the caption gbpusd confirm analysis of buy soon gbpusd buy mare than expected
is going to be a really busy one with the FOMC rate decision and lots of economic data on the agenda. We begin today with the US Job Openings and the US Consumer Confidence reports. Tomorrow we will see the US Employment Cost Index and the ADP data before the FOMC rate decision later in the day On Thursday, we have the BoE rate decision and later in the day the latestI. Finally, on Friday, we conclude the week with the US NFP report.
USOIL Set To Fall! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 78.12
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 76.19
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NZD/USD Short, GBP/CHF Long, GBP/NZD Long and USD/CHF LongNZD/USD 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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/CHF Long
• If price impulses up above our area of interest on the one hour chart, then I'll be waiting for a subsequent tight two touch fifteen minute flag to form and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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 Long
• 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 subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
USD/CHF Long
• If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry.
• 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.
Will Gold Go To 2000$ Again ?Gold edged higher to start the week as the improving risk mood made it difficult for the USD to find demand in the absence of high-tier data releases. A Bloomberg report claiming that China was considering an equity market rescue package worth about 27 billion USD triggered a rally in global equity indexes.
On Tuesday, Gold failed to build on Monday’s gains, while the benchmark 10-year US Treasury bond yield held steady above 4%. S&P Global PMI data showed on Wednesday that the business activity in the US private sector expanded at an accelerating pace in January. S&P Global Composite PMI improved to 52.3 from 50.9 in December, Services PMI rose to 52.9 and Manufacturing PMI recovered above 50, pointing to an expansion in the manufacturing sector for the first time since April. In turn, the benchmark 10-year US Treasury bond yield edged higher, causing XAU/USD to drop to a weekly low below $2,020.
NZD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are targeting the 0.527 level area with our long trade on NZD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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