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US-DOLLAR

Will THE BILL kill the Dollar??? Quadrillion salvatory bill will definitely affect the USD strength. Even these last weeks we see a weakness of greenback versus major currencies. so the question arises: may the pumping kill the currency? may it devalue so much so even the average Joes notice that? with technicals, on focus is a major rising channel. after a long consolidation in a bearish triangle, the price is now attempting to break below that. then it will face with the major support. it will be a truly decision moment for USD. with fundamentals, we are bearish biased and preparing for a breakout! but who knows? orange man can change everything. what do you think will happen?
TVC:DXYShort
by VasilyTrader
9
GOLD (XAUUSD) Multi Time Frame Analysis & Trading Plan hey guys, a lot of questions about gold! for now, I don't have any active trading position. just recently the price reached a key daily support level. what I like about that structure is that it matches perfectly with intraday structure and 382 retracement of the last impulse. on focus now is 1H chart, classic double bottom formation there. I will buy the bullish breakout of 1740 minor structure resistance (1H candle close above) with targets: 1748.5/1758! remember that this double bottom pattern can easily turn to the indecision range. being broken to the downside, out setup will be invalid, but I would not short, because too much structure lower!) good luck!
TVC:GOLDLong
by VasilyTrader
14
GBPUSD: Breakout of Key Level & Bearish Continuation hey traders, what a short rally on GBPUSD on Friday! the price has surely broken below a major daily structure support level. now we will expect a further decline to the next major levels: 1.20 level is 2019's structure low and I truly believe that it is the current goal for sellers. 1.19 level is 2016's structure low after brexit referendum/ pay close attention to these levels next week. concerning trading recommendations, it is definitely too late to jump in. the impulse is missed and it is very risky to short on current prices. look for a pullback to a yesterday's broken structure to short. good luck and have a great weekend!
Short
by VasilyTrader
23
GBPUSD: Breakout of Key Level & Bearish Continuation hey traders, what a short rally on GBPUSD on Friday! the price has surely broken below a major daily structure support level. now we will expect a further decline to the next major levels: 1.20 level is 2019's structure low and I truly believe that it is the current goal for sellers. 1.19 level is 2016's structure low after brexit referendum/ pay close attention to these levels next week. concerning trading recommendations, it is definitely too late to jump in. the impulse is missed and it is very risky to short on current prices. look for a pullback to a yesterday's broken structure to short. good luck and have a great weekend!
Short
by VasilyTrader
EURUSD: Multi Time Frame Analysis & Two Scenarios Explained morning guys, EURUSD is consolidating on a strong daily structure and based on a current market sentiment we have two potential trading scenarios. bullish: I am still bullish biased and due to a nice convergence of a daily/1H support and a rising trendline I still believe that the price can bounce. our trigger for long trade will be a double bottom formation on 1h, the underlined minor horizontal resistance should be broken to the upside. then buy entry on retest of the broken structure with initial target 1.084 / second target 1.0875 bearish: however, a lot of news with fundamental statistics today, so the bearish scenario is highly possible as well. daily candle close below the underlined structure will most likely signify a bearish continuation. confirmed structure breakout will push the price to 1.069 - current daily lower close with a potential continuation to 1.064 - current low. what do you think will happen?
Long
by VasilyTrader
9
AUDUSD: Multi Time Frame Analysis & Trading Plan hey guys, AUDUSD is stranding on a key daily level 0.645. the price is recovering after a drop from 0.656 but we are still looking for a short opportunity. at the moment I am looking at price action on 1H chart: the pair is currently forming the right shoulder of a head & shoulders pattern. being formed, our call to action is the neckline breakout (1H candle close). we short the market on a pullback and aim at: 0.638 / 0.633 levels. in such trades, stop is always adjusted to the right shoulder and strictly set above that. so if the right shoulder will be formed from a higher level, make the adjustment. in case of a bullish continuation and violation of the head level setup will be invalid. good luck!
Short
by VasilyTrader
7
GBPUSD: KEY MOMENT FOR POUND! hey guys, today be focused on GBPUSD! on 4H the pair has reached key horizontal structure support. moreover, the underlined support matches perfectly with a support line of a rising channel. recent dodji candle and sideways movement during the last 4 hours leave us clues that the market reached a key decision point. on 1H we see a narrow trading range and the side of the breakout will most likely determine the future direction of the pair. in case of a bullish breakout of the range (1H candle close above) we will buy the pair expecting a slight pullback to 1.251 / 1.2566 levels, with our stop below the range in case of a bearish breakout of the range (1H candle close below), it will signify the violation of the rising channel and we will short the pair expecting a movement to 1.237/1.232 levels with stop above the range. I am still long-biased here but we should be prepared for both scenarios! good luck!
Long
by VasilyTrader
6
USDCHF: Structure Based Trading Plan hey guys, USDCHF is on focus! the price got rejected two times from 0.98 resistance forming a nice double top pattern. 0.9715 is our current structure support. we will be waiting for a 4H candle close below that and then sell on a retest, expecting the continuation to 0.964 also, note that bearish breakout of horizontal support will confirm a breakout of a rising channel, it will increase our chances in making some money trading this setup. in case of an occasional spike up with a close above current resistance, setup will be invalid!
Short
by VasilyTrader
9
The Basics of a CandleStick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was. Green candles show buy pressure Red candles show sell pressure. The larger the candle, the more variance in price action. Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle. Wicks on the upside represent the highest price it was traded for during that time. Wicks on the downside represent the lowest price it was traded for during that time. Keep in mind that these wicks can be on both the upside and downside of a candle at the same time. Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at. _______________________ THIS IS PERSONALLY COPYRIGHTED MATERIAL. No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review.
OANDA:XAUUSD
by TayFx