ForextWaveTrading

ForextWaveTrading

CHFJPY has been consolidating for a long period of time and finally broke the resistance level recently, which possibly helped to form an upward Break of Structure(BOS) confirmation too, seen on 4H chart. Look at the Daily or Weekly chart, you can see that we are in clear uptrend, it is a good idea to follow the big trend. Now when the price pulls back to the...

ForextWaveTrading

Strategy Explanation GBPJPY has been consolidating for almost 2 weeks on 1H chart, plenty of traps have been set within this range, thus a lot of liquidity has been generated presumably. The question is: In the coming week, will GBPJPY finally break out the resistance level and activate all potential BUY limit orders to push the price up towards target...

ForextWaveTrading

EURUSD has come into a potential Demand Zone based on 2H chart, but the question is: Will it bounce back up from here to the the Daily Supply Zone or will it keep pushing down to further support areas down below? The answer is we need wait for additional confirmation signals to give us a hint on which direction the market will be heading, such confirmations...

ForextWaveTrading Updated 

EURAUD Short opportunity following the downtrend from higher timeframes. Short Entry at the 15min Supply Zone at 1.64137. Stop Loss at 1.64240 TP set at Daily Demand Zone at 1.62888 RRR: 11.2

ForextWaveTrading

I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart. At the moment, BTC is consolidating locally. It seems...

ForextWaveTrading

USDJPY 1H local trend might start pushing down alongside with the strong down-trend at higher timeframes, after the green 1H supply zone has been reached today. For that to happen, we need a downward confirmation signal Break of Structure(BOS) to emerge first, which is at level 144.229. Two rough scenarios have been drawn on the chart, we need to be...

ForextWaveTrading

Gold has been pushing up for a long period of time, now it has finally slowed down and started consolidating seen on 1H chart. For LONG opportunities, we need a upward confirmation signal Break of Structure(BOS) to happen at level 2517.580 first, which increases the probability of the market going towards the TP level 2531.765, after which we can start...

ForextWaveTrading Updated 

Strategy Explanation EURUSD has been pushing up strongly up to the 4H resistance at 1.11743, the question is whether the uptrend will continue now to the Daily Order Block area even higher, or start to reverse? How do we know? The answer is the upward Break of Structure(BOS) confirmation signal. Right now on 15m EURUSD chart, it starts ranging a...

ForextWaveTrading Updated 

Hello everyone:) Today I sensed an high quality opportunity on GOLD and will share with you all, hope you'll enjoy the analysis. Strategy Explanation Gold has been pushing up without any signal of slowing down, and we must follow the train. Remember trend is always our best friend. The question is how the uptrend will continue its way? The answer is...

ForextWaveTrading Updated 

Strategy Explanation GBPCAD is in a very strong uptrend now in HTF, our trades must follow the trend in order to most effectively increase the probability to win. Buy Limit Order entry: 1.78141 SL: 1.78043 TP: 1.78506 RRR: 3.76 Cautions If this trade fails, it does NOT mean the trend has reversed. Personally I will still...

ForextWaveTrading

Strategy preconditions USDJPY is still in downtrend state in HTF, take a look at 1D chart, and yet some important 30m liquidity levels have NOT been swept for pushing up, meaning that USDJPY probably is waiting to grab some downward liquidity in order to continue with the HTF downtrend now. On the 30m chart, 3 possible resistance levels have been marked...

ForextWaveTrading Updated 

Strategy Explanation Since the EU is still in very strong uptrend, and the Daily Order Block target area has been been reached, today's News Jobless Claims in less than 2 hours might help the market to push to the target area. But how will it be done? We can gamble on one of the many scenarios, which is that the market rushes down to grab some liquidity...

ForextWaveTrading

Strategy preconditions By seeing the downward momentum occurred previously on 8H chart, GBPCHF has great potential to push down to Daily target at 1.06370, . In order for the market to continue pushing down, we need downward BOS to confirm that the local trend also starts to reverse to pushing down. Here are 3 prediction scenarios, all of them have...

ForextWaveTrading Updated 

Strategy preconditions USDJPY 20m chart, the downtrend strength has not completely depleted, we can still take some final Short trades before potential ranging or reverse begins. There are 2 Short strategies to go about, the first one is more risky while the second is safer and more rewarding. 1. Directly enter Short around the 20m...

ForextWaveTrading Updated 

Strategy preconditions EU at 15min timeframe, the market needs to first push down a bit to grab some liquidity, then break up a local level at 1.11286 to form an upward Break of Structure(BOS) in order to continue pushing up. The best way to entry is that after the upward BOS has happened, We need to see an LTF downward pullback, and then LONG at some...

ForextWaveTrading Updated 

Strategy preconditions UJ market is at very strong downtrend right now, take a look at daily chart and you will see. So we must follow the trend and take Short. Even though we know the market has high probability to continue pushing down, but the recent local movement at 15min chart is going up. The best way to take Short is to wait for the...

ForextWaveTrading Updated 

Resistance levels above: Near the current price level, we have one 4H resistance, one 1D order block, and one 1D resistance above, they all have potentials to be the trend reversing area, but do we care exactly where the trend will reverse? No, we don't, because we will wait for downward confirmation signal on lower timeframe to confirm that the trend...

ForextWaveTrading

Strategy preconditions GBPJPY has recently reached a 1W resistance level at 208.019 followed by immediate strong downward push, broke several liquidity levels at once, and now it starts slowly pulling back up a bit. Before making your analysis on 1D chart, please take a look at the 1W chart and mark important levels. In order to take Short...