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Weakening

GET READY: DJI correction possibly on 4H time frame.In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen. The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI. If the 4H ATR flattens further then there is increasing probability for the south. But what does that mean? Well, it doesn't mean that the whole market will crash. It means that a correction may be coming up. Note that for any probability estimate in one direction there is a residual probability in the opposite direction. Disclaimers : This is not encouragement to trade in securities. If you take positions in this market your risks and losses are you own. In simple terms sue yourself if you lose money. Approximately 70% of retail traders consistently lose money in trading.
FOREXCOM:US30
by Captain_Walker
EURUSD Bullish Continuation - Long Trade - waiting to enterHello all Following the USD strength heading into last Friday and the pull back - I am expecting USD to potentially stay strong for the next day or two until the FOMC on Wednesday and the USD to weaken considerably. (after some stop hunting.) I am looking to go long at this level - which is a 61.8% retrace of the current leg higher. EURUSD is cycling higher nicely Sadly I moved my stops too high on the related trade below and it took me out before heading higher. - Always important to trade multiple pairs and types and I was long on Gold through last week which made up for it. I am expecting this to go higher for another leg - however it could be a messy start whilst it happens. I have put my stop loss below the 78.6% retrace area - however potentially this could drop all the way to the lows and create a double bottom before heading higher again. I am waiting for price action in this area - bullish engulfing candles on this occasion and once I get one, I will be in. Thanks for looking at my trade idea. DuncanForex.com is live with the opportunity for you to subscribe to site news and be eligible for discounts on training courses. you can also see my capital growth over April and May too. Risking just 1% per trade. The site will be fully live in less than 2 weeks.
Long
by UnknownUnicorn483829
GBPUSD LONG - EXPECTED FAST MOVE Hello all Following the weakening USD on Friday due to NFP along with Hawkish Fed members giving dovish views on interest rate cuts, the USD is potentially going to weaken considerably. I am looking to enter a second entry into GBPUSD Long following Friday's Price action. Please see related idea below. I am looking for a new high to be made as per the Long entry and if it makes this, I will be entering on a Buy Stop. DuncanForex,com is now live - currently just with a Front Page for you to subscribe if you wish and be eligible for future discounts to training and also find out when the full site is going live (whilst I finish the final touches to the full site) Thanks for looking Duncan
Long
by UnknownUnicorn483829