AUD/USD ShortAUD/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 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.
Trading-forex
Cadchf should have more downside coming
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Usd down scenerio played outAs mentioned previously we need to take note of the downtrendline on the daily. So it got tested twice and NFP on friday was the final nail to the coffin .But take note of 102.2 though overall picture of USD is weak.
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Trade report of 4-7The interest rate in Australia has remained at 4.10%. Down Under succeeds the US by not making any adjustments. The reaction of the market is therefore special because they bet on the Assie while the Dollar, Pound and Euro have already made it clear that interest rate rises are coming there. An interest rate increase is interesting for a currency because you then catch more money for the investment. The following are the following actions:
AUSUSD : Due to the fact that the central bank of Australia has not raised interest rates, this pair moves strangely. For now, the movement within the channel is what we have formed. At the moment, this is not a ground to invest in.
EURCHF : The pair represents a sideways movement. We have stopped the buy because it is expected that there will be no up trend in the coming period.
EURCAD : As with the CHF, this pair is moving sideways. We have stopped the buy because it is expected that there will be no up trend in the coming period.
NZDUSD : this pair has started a nice up trend. We bring a 2 buy setting to support the up extra. Buy at 0.620.
The New Zealand dollar rose to about $0.6329 on Tuesday, after weakening in the previous session, reflecting the data showing that the country's business confidence continued to improve in the second quarter.
The quarterly poll by the New Zealand Institute of Economic Research (NZIER) found that a net 63% of companies surveyed expected overall business conditions to deteriorate, compared to 66% pessimism in the first quarter.
usd likely a bounced off to reverse upwardsAs previously mentioned the USD was at a key S, now it bounced off with higher high, likely bias would be to long on the near term.
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Two scenerios for USDAcross the USD majors, I still do see weakness in other currencies.
Bias for me is to go long but will be mindful it clearing 103.30 area as it is the downtrend area.If h4 flips over , likely would continue bearish.
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EURAUD Will Go Up From Support! Buy!
Please, check our technical outlook for EURAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.636.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.672 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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✅The DO’S And DON’TS Of Risk Management❌
❤️Risk management is a crucial component of forex trading to help minimize potential losses. In this article, we’ll explore the do’s and don’ts of risk management in forex trading.
🧡DO’S
💁🏼♀️Set a stop-loss order: A stop-loss order is a pre-set level at which a trade will automatically close, thus limiting the loss on an open position.
💁🏼♀️Diversify your portfolio: Spread your investments across multiple currency pairs to avoid exposure to a single currency’s risks.
💁🏼♀️Use leverage wisely: Leverage allows traders to invest more than their account balance. However, it also increases the potential risk. Only trade with leverage if you fully understand how it works.
💁🏼♀️Keep an eye on economic events: Economic events can impact forex markets. Keeping a close eye on them can help you adjust your trading strategy accordingly and avoid unexpected losses.
💁🏼♀️Use risk-reward ratio: It is essential to have a clear risk-reward ratio in mind before entering a trade. This ratio should be based on your established trading strategy and the probability of success.
💙DON’TS
🙅🏼♀️Don’t invest more than you can afford to lose: This is a fundamental rule of investing in any financial market. Never invest more than you can afford to lose.
🙅🏼♀️Don’t let emotions drive your trading: Emotions such as fear, greed, and hope can lead to impulsive decisions and cause significant losses.
🙅🏼♀️Don’t ignore fundamental analysis: Fundamental analysis helps traders understand a country’s economic and political situation, which can significantly impact forex markets.
🙅🏼♀️Don’t follow the herd: It is essential to have your own trading strategy and stick to it. Following others' trades blindly can lead to significant losses.
🙅🏼♀️Don’t trade without a strategy: A trading strategy helps you make informed decisions and minimize the risks of trading. Not having a strategy can lead to impulsive decisions and significant losses.
🖤 In conclusion , risk management is a crucial component of forex trading. It is essential to follow the do’s and don’ts mentioned above to minimize potential losses and make informed decisions. Remember, successful trading comes with experience, discipline, and patience. Happy trading!
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Here is what we learned from 1000 Publications on TradingViewAs Investroy, a company dedicated to financial education, we are thrilled to celebrate our remarkable milestone of 1000 publications on TradingView. This achievement symbolizes our ongoing journey of learning and growth in the world of trading. Throughout these years, we have accumulated invaluable insights into the psychological aspects of trading, the importance of publishing quality content, and the significance of fostering a supportive community. In our 1000th post, we would like to share the lessons we have learned, offering guidance to fellow traders, educators, and community members.
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At Investroy, we believe that sharing educational content on TradingView allows us to contribute to the trading community while continuously learning something new ourselves during the research. To ensure the highest quality of content, we have learned the following lessons:
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(Building a Supportive Trading Community)
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c. Respect and Professionalism: At Investroy, we hold immense respect for diverse perspectives. We understand the importance of maintaining professionalism in all interactions and adhering to community guidelines. By treating others with kindness and empathy, we strive to create a welcoming environment for all traders. If you’re here to troll, just go to reddit or something instead. A big majority of people here are doing something about their lives and if you’re making fun of them, then that should be a reason to start reevaluating your priorities.
Reaching the milestone of 1000 publications on TradingView is a testament to our unwavering commitment to trading education, content quality, and community support. Our journey has revealed the significance of nurturing psychological resilience, publishing high-quality content, and building a supportive trading community. By integrating these lessons into our trading practices and community engagement, we remain dedicated to the growth, learning, and success of fellow traders and the broader trading community. Together, we can continue to empower one another on this transformative journey of financial education and trading excellence. Have an awesome weekend ahead and hopefully you enjoyed the read!
AUDUSD Will Go Down! Short!
Here is our detailed technical review for AUDUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.671.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.659 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Breakout of the daily flag, likely more down side...
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AN fast up come with fast down,short until it turns
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EU should be looking for shorts on pullback
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NZD/JPY Short, USD/JPY Short and AUD/USDNZD/JPY Short
• If price impulses down, it does so in a convincing manner and a subsequent 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.
USD/JPY Short
• If price pushes up 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.
AUD/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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.
NZD/JPY Short, USD/CAD Long, USD/JPY Short and AUD/USD ShortNZD/JPY Short
• If price impulses down below our area of value and the lower ascending trend line of our recent running channel, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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.
USD/CAD Long
• If price pushes down to and ideally just below the lower descending 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 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/JPY Short
• If price pushes up 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.
AUD/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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.
Somemore upside is thereUptrend on Audchf, looking at some upside to come. Wait for setups to go on long.
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Gcad bias on the upside.Trend direction could have flipped on d1, watching for pullbacks.
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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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
CAD/CHF LongCAD/CHF 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.
GBP/USD Short and CAD/CHF LongGBP/USD Short
• If price impulses down, it does so in a convincing manner 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.
CAD/CHF 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.
Trade report of 13-6Today the CPI numbers from the US have been made known. Negative on year over year. Core has even stayed on last month's stand.
USD CPI m/m is: 0.1% expected: 0.2% was: 0.4%
USD CPI y/y is: 4.0% expected: 4.1% was: 4.9%
USD Core CPI m/m is: 0.4% expected: 0.4% was: 0.4%
We have made the following actions:
AUDUSD : Today, the pair tested the top of the channel. It remains to be seen what the market will do. In principle, the Dollar has the better papers. We are therefore going to put all stoploss above the first buy. Furthermore, we put a tp on the 3rd buy at 0.68080.
EURUSD : the movement is a bit strange if we take today's CPI figures. We place two buy trades in 1.08322 and 1.08927.