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EUR/USD ShortPositive Confluence Factors... (11) 1. LTF and HTF direction in alignment? 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅ 7. Reliable looking sequence of flags present (if looking for further continuation)? ✅ 8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅ 9. M style pattern present? 10. Structural approach to area of value? ✅ 11. Fairly flat structure present? 12. Expanding pattern present? 13. Equal spacing present? ✅ 14. Clearly identifiable middle section present? ✅ 15. Head and shoulders pattern present? 16. Decent R:R available? ✅ 17. No hook point sat just beyond stop loss? 18. Protection available for your stop loss? ✅ Negative Confluence Factors... (2) 1. Counter to HTF trend? ❌ 2. Not at edge of HTF structure (in red zone)? 3. Trade setup only visible on one time frame? 4. Price only wicked to area of value on multiple time frames? 5. Near miss present (above price if looking to get short, or below price if looking to get long)? 6. Unreliable looking sequence of flags present (if looking for further continuation)? 7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse? 8. Squeeze present (structure not parallel or expanding)? 9. Fairly steep structure present? 10. Very unequal spacing present? 11. No clearly identifiable middle section present? 12. Excessively voluminous middle section present? 13. Limited R:R available? 14. Hook point sat just beyond stop loss? ❌ 15. Entry around swap hours? 16. Entry directly before major news announcement?
Short
by StewySongs
2
Trade report of 5-6Today, the US PMI came out. Negative compared to what was thought. 50.3 versus 51.9. The PMI was thought to be higher. The PMI is the height of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry. This figure has a lot of influence on the Dollar. It can be seen that the Dollar is in the range. We see no reason to follow a new pair at this time. USDJPY : it will be interesting to see if the up-trend from the end of last week continues. It's still very unstable. The pair has been put on the watchlist.
by Probeleg
EG potential turning point, watching only **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
Long
by Shadowing_The_Big_Boys
1
🫀THREE BODY PARTS INVOLVED IN TRADING🧠 📊Trading is an art and science all at once, requiring various skill sets and tools to be successful. While a keen eye for market trends, quick decision-making abilities and financial literacy are essential in trading, it's the three body parts that are often overlooked but play a significant role in the process- the brain, the heart and the gut. 🧠The Brain: It's the most crucial and obvious part of the trading process. Your brain's decision-making activities impact every trade you make. You need to be analytical and rational, looking at data to make informed decisions on how to invest. Using a combination of market analysis, statistical models, and technical and fundamental analysis, traders rely on their brain to identify market patterns, assess news, and devise strategies to stay ahead of the curve. However, trading purely on analytical data can lead to overthinking and paralysis analysis. You need to balance your analytical side with your emotional responses, which brings us to the next body part- the heart. 🫀The Heart: When we talk about a trader's heart, we’re not talking about love or emotions but rather the emotional response to investing. The emotional fortitude required for trading should not be underestimated, and emotional intelligence is just as valuable a trait for a trader as anything else. Emotional intelligence refers to the ability to manage and regulate emotions under high stress, and traders need to possess it to manage the highs and lows of the trading world. It's natural for a trader to panic or feel anxiety, especially during a volatile market. However, allowing your emotions to get the best can lead to poor decisions, such as selling too quickly or holding on too long. Hence, traders must control their responses by remaining calm and keeping their perceived ideas about market changes. The investor's mindset plays a vital role in trading to keep emotions under control, remain focused and stick to a well-considered investment plan. 🎲The Gut: The last body part is the least discussed but an essential body part for many traders - the gut. Many traders often say they've developed a gut feeling, which helps them make decisions about trading. However, the gut feeling is not mere speculation, it tends to be based on the knowledge and experience that a trader has accumulated over time. It's a combination of intuition and years of experience, which guide a trader toward quick decisions when the rational mind is stuck. The gut feeling is the culmination of various inputs like market trends, trading experience, technical analysis, and trustworthy sources which the brain stores in the memory banks. No matter how advanced technology trading becomes, the human touch of trusting on the gut feeling remains an essential element in trading. 📝In conclusion, trading is dependent on the interaction between the brain, heart, and gut. As a trader, you need to keep a balance between the three body parts to succeed in the dynamic and fast-paced trading world. You must develop a trading strategy relying on data, experience, emotional intelligence and core beliefs so that you can make trading decisions that are right for you. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Dear followers, let me know, what topic interests you for new educational posts?
BITSTAMP:BTCUSDEducation
by SignalProvider
6
GBP/USD bears cheer 50-DMA break to approach 1.2400 GBP/USD GBP/USD remains on the back foot around 1.2430 as it stretches the post-NFP reversal from a three-week high during the early hours of Monday’s Asian session. The Cable pair drops below the 50-DMA support while extending the previous day’s U-turn from a horizontal resistance area. The Relative Strength Index (RSI) indicator on the four-hour chart stays well above 60 and the 20-period SMA on the same chart completed a bullish cross with the 100-period SMA, reflecting the buildup of bullish momentum. GBP/USD faces interim resistance at 1.2550 (daily high, static level) ahead of 1.2580 (fixed level) and 1.2650 (beginning-point of the latest downtrend). On the downside, 1.2520 (Fibonacci 23.6% retracement) aligns as immediate support before 1.2500 (psychological level) and 1.2480 (200-period SMA, Fibonacci 50% retracement). GBP/USD has been moving sideways in a narrow channel above 1.2500 so far on Friday, with market participants refraining from making large bets ahead of the all-important May jobs report from the US. The persistent selling pressure surrounding the US Dollar (USD) fuelled GBP/USD's rally on Thursday and the pair reached its highest level in three weeks above near 1.2550. The significant downward revision to the first-quarter Unit Labor Costs data, from 6.3% to 4.2%, triggered a fresh leg of USD selloff in the American session by feeding into dovish Federal Reserve (Fed) expectations. The US Bureau of Labor's monthly report is expected to reveal an increase of 190,000 in Nonfarm Payrolls (NFP) in May, compared to 253,000 in April. Average Hourly Earnings are forecast to rise 4.4% yearly, matching the previous month's reading. In case NFP growth comes in below 150,000, investors could see that as a development reaffirming a pause in the Fed's policy tightening in June and forcing the USD to stay on the back foot. A no change in wage inflation, or an unexpected decline, should have a similar negative effect on the USD's valuation. If the labor market report shows a healthy increase in payrolls, near 250,000, market participants could shift their stance and start pricing in a more substantial probability for one more 25 basis points Fed rate hike at the next meeting. In that scenario, GBP/USD could turn south ahead of the weekend.
by TraderDoPh
Weekend trade report Overall result is -14% last week. Disappointing result achieved due to bad trades. The scalping bot in particular did very badly, but the manual trades were also too bad. The hit was Gold on Friday. It slipped despite the unemployment rate from the US, which was worse than expected. However, it was not chosen to go in Gold. Due to the time of year, we will be taking less active small trades and more active large trades in the coming weeks. We will therefore also study the daily and weekly graphs. For next week we have to deal with the following news items: Mon Jun 5 8:30 CHF CPI m/m 0.3% 0.0% 16:00 USD ISM Services PMI 52.6 51.9 Tue Jun 6 6:30 AUD Cash Rate 3.85% 3.85% AUD RBA Rate Statement Wed Jun 7 1:20 AUD RBA Gov Lowe Speaks 3:30 AUD GDP q/q 0.3% 0.5% 16:00 CAD BOC Rate Statement CAD Overnight Rate 4.50% 4.50% Thu Jun 8 14:30 USD Unemployment Claims 239K 232K Fri Jun 9 14:30 CAD Employment Change 41.4K CAD Unemployment Rate Key events this week There are a lot of events coming out this week, but there are a few to capitalize on. These include tariff statements from Canada and Australia, unemployment/CAD and USD figures, and OPEC meetings. Gold analysis Gold waived the steep blow in NFP expectations. Investors' expectations of an interest rate pause remain in the majority. This sentiment may be good for the metal, but NFP was very strong. Asset behavior may remain mixed as the price causes larger swings in both directions. Gold could drop to test the bottom of the pattern around $1920-30s. We therefore forgo our buy positions and close them all. EURUSD : the pair is going completely short. That is why our buy positions close. EURGBP : This pair is also going completely short. That is why our buy positions close. EURCHF : we are closing our buy for the time being, although a change from short to long was observed last week. EURCAD : we close our buy. EURAUD : this pair is also going short and closing our buy. NZDUSD : we close this position. goes short. CADCHF : we close this one. The pair goes long while we stand short.
PEPPERSTONE:XAUUSD
by Probeleg
XAUUSD Weekly Outlook !!!!XAUUSD is currently trading at 1948.100 towards the end of last week we saw gold reach a strong resistance point where we had a harsh rejection, aided also by the strong red file news on Friday afternoon - Average Hourly Earnings m/m - Change in the price businesses pay for labor, excluding the farming industry Forecast - 0.3% Actual - 0.3% Non-Farm Employment Change - Change in the number of employed people during the previous month, excluding the farming industry Forecast - 193k Actual - 339k Unemployment Rate - Percentage of the total work force that is unemployed and actively seeking employment during the previous month Forecast - 3.5% Actual - 3.7% This week could go two ways, we will either see price continue to put pressure on the bears and drive price below our support level 1932.160 from there our next area of sensitivity would be in the range : 1920.458 - 1903.815 eventually achieving our bear market goal of between 1828.708 - 1809.931. On the other hand, we could see price reject from the 1932.160 support if this outcome does occur i believe that price will trading within the range we have traded in all week ( 1985.749 - 1932.160 ) I will update this theory of outcomes throughout the week and relay on this markup to see where we are at, markets open in 2 and a half hours wish everyone a great trading week.
OANDA:XAUUSDShort
by ForexMastered
Ecad pullback to short**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
Short
by Shadowing_The_Big_Boys
Potential turning point for Audusd **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
by Shadowing_The_Big_Boys
usd broke lower and retesting its supportAfter consolidating for a week + the usd broke lower but we saw it retesting the last support turned Resistance area. Will it clear that or reject? **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
TVC:DXY
by Shadowing_The_Big_Boys
CORN/USD LongPositive Confluence Factors... (15) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅ 7. Reliable looking sequence of flags present (if looking for further continuation)? ✅ 8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅ 9. M style pattern present? 10. Structural approach to area of value? ✅ 11. Fairly flat structure present? ✅ 12. Expanding pattern present? 13. Equal spacing present? ✅ 14. Clearly identifiable middle section present? ✅ 15. Head and shoulders pattern present? ✅ 16. Decent R:R available? ✅ 17. No hook point sat just beyond stop loss? ✅ 18. Protection available for your stop loss? ✅ Negative Confluence Factors... (1) 1. Counter to HTF trend? 2. Not at edge of HTF structure (in red zone)? 3. Trade setup only visible on one time frame? 4. Price only wicked to area of value on multiple time frames? ❌ 5. Near miss present (above price if looking to get short, or below price if looking to get long)? 6. Unreliable looking sequence of flags present (if looking for further continuation)? 7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse? 8. Squeeze present (structure not parallel or expanding)? 9. Fairly steep structure present? 10. Very unequal spacing present? 11. No clearly identifiable middle section present? 12. Excessively voluminous middle section present? 13. Limited R:R available? 14. Hook point sat just beyond stop loss? 15. Entry around swap hours? 16. Entry directly before major news announcement?
OANDA:CORNUSDLong
by StewySongs
3
NZD-USD|POSSIBLE TREND REVERSAL| LONG SETUP|ONE HOURThe current technical analysis of the NZD-USD currency trading pair reveals an DECREASING trend that has been shaping from last few hours. However, there is also an indication of BULLISH divergence, suggesting that the bearish momentum may be losing its momentum. Looking at the charts, we can see that the price of NZD-USD has been steadily FALLING forming Lower Highs and Lower Lows, indicating a clear down trend. However, there is a notable bullish divergence pattern emerging, indicating that the bearish momentum may be losing steam. While the price of NZD-USD has been decreasing, the Relative Strength Index (RSI) has been showing a upward. This divergence between the price and the RSI suggests that the price may be oversold and due for a correction. Considering all the technical indicators, it appears that the NZD-USD currency trading pair may take the bullish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE.
Long
by haroonsiddiki
1
AUD/USD ShortPositive Confluence Factors... (13) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get long)? 7. Reliable looking sequence of flags present (if looking for further continuation)? ✅ 8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅ 9. M style pattern present? 10. Structural approach to area of value? 11. Fairly flat structure present? ✅ 12. Expanding pattern present? ✅ 13. Equal spacing present? ✅ 14. Clearly identifiable middle section present? ✅ 15. Head and shoulders pattern present? ✅ 16. Decent R:R available? ✅ 17. No hook point sat just beyond stop loss? 18. Protection available for your stop loss? ✅ Negative Confluence Factors... (1) 1. Counter to HTF trend? 2. Not at edge of HTF structure (in red zone)? 3. Trade setup only visible on one time frame? 4. Price only wicked to area of value on multiple time frames? 5. Near miss present (above price if looking to get short, or below price if looking to get long)? 6. Unreliable looking sequence of flags present (if looking for further continuation)? 7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse? 8. Squeeze present (structure not parallel or expanding)? 9. Fairly steep structure present? 10. Very unequal spacing present? 11. No clearly identifiable middle section present? 12. Excessively voluminous middle section present? 13. Limited R:R available? 14. Hook point sat just beyond stop loss? ❌ 15. Entry around swap hours? 16. Entry directly before major news announcement?
Short
by StewySongs
5
GBP/USD ShortPositive Confluence Factors... (10) 1. LTF and HTF direction in alignment? 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅ 7. Reliable looking sequence of flags present (if looking for further continuation)? ✅ 8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? 9. M style pattern present? ✅ 10. Structural approach to area of value? ✅ 11. Fairly flat structure present? 12. Expanding pattern present? 13. Equal spacing present? 14. Clearly identifiable middle section present? ✅ 15. Head and shoulders pattern present? 16. Decent R:R available? ✅ 17. No hook point sat just beyond stop loss? 18. Protection available for your stop loss? ✅ Negative Confluence Factors... (3) 1. Counter to HTF trend? ❌ 2. Not at edge of HTF structure (in red zone)? 3. Trade setup only visible on one time frame? 4. Price only wicked to area of value on multiple time frames? 5. Near miss present (above price if looking to get short, or below price if looking to get long)? 6. Unreliable looking sequence of flags present (if looking for further continuation)? 7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse? ❌ 8. Squeeze present (structure not parallel or expanding)? 9. Fairly steep structure present? 10. Very unequal spacing present? 11. No clearly identifiable middle section present? 12. Excessively voluminous middle section present? 13. Limited R:R available? 14. Hook point sat just beyond stop loss? ❌ 15. Entry around swap hours? 16. Entry directly before major news announcement?
Short
by StewySongs
2