vitowodenik

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"In the untamed world of forex, the Euro, once dominant, has overreached, flaunting its strength. But now, the Canadian Dollar lies in wait, sensing the Euro’s exhaustion. Like a predator stalking its prey, the CAD strikes back, triggering the Euro’s retreat. The market, once overheated, begins to cool, as the Euro falters under the pressure. This is the natural...

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Guess what... I believe the EURUSD pair is ready for a sell. My decisions to enter a trade are primarily based on my intuitive assessment of the market. While I do rely on certain patterns that have proven effective for me, the actual execution of a trade is often based on a gut feeling—whether or not I like what I see at that moment. However, this particular...

vitowodenik

The choppy chart of GBPNZD is a bit confusing, but I expect another upward surge similar to the one observed in July. The level at which the price is currently hovering offers a solid foundation for risk management. This trade certainly isn’t the most attractive setup for the records, but, let's face it, which one truly is?

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ChatGPT states that a dove would need to fly non-stop for 300 hours to deliver a note from Europe to New Zealand. How long do you think it will take for EURNZD to reach our target? I bet it’s longer than 12.5 days. But regardless of the timeframe, the message is clear: we need to capitalize on this opportunity. EURNZD appears to present a strong selling...

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USDCAD is touching an upper range band. Given it's historic price action, we anticipate a reversal, expecting it to retreat and seek additional buy orders at lower price levels. To manage risk, we've placed a hedge order slightly above the resistance, ensuring that potential losses are capped at 50% of the account's available free margin.

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We experienced a quick penetration into the demand zone to fetch some additional buy orders, including ours, before resuming the upward trajectory toward higher price levels. To safeguard against potential market selling pressure, we strategically placed a sell stop order at 1.26318. This serves as a hedge to effectively limit our potential drawdown to 50% of the...

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I don't think so... The xxxJPY pairs recovered after a steep decline. I don't believe the rise in JPY strength is over yet. To support this belief, I opened a sell position just as the pair reached extreme levels in the supply zone. This decision is grounded in the belief that the recent uptick might be short-lived and that downward momentum could resume. The...

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We are retesting the same zone as on 13th of December. I wasn't quite sure what to do with this pair, but some time passed and information revealed itself. We saw a big bullish pressure at this level on the H8 TF, H1 presented itself as a double bottom and BOS from bearish to bullish. Two important signals at a significant level that give a sense of...

vitowodenik

Decided to enlighten you with a rare opportunity of how I look at a LTF. Since I'm mostly using H8 to decide what pair I want to trade, I almost always use H1 to decide when to enter the market. And on this occasion I'm sending my USDCAD H1 Analysis to you. Entry: 1,35039 SL: 1,33247 TP: 1,37524

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Coming back after being away since holidays. First pair that popped into my eyes is EU. Daily bounced off of the daily significant resistance on 28th of December back to support where we went into a small bullish channel that was broken on 15th of January. Since buyers can't stay in control it is most likely that the pair will go look for more bullish sentiment...

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I sent a bearish signal last week on GBPAUD after I though it's good to sell at significant resistance (it usually is...) when even LTF started making a bearish structure (H1). However, I changed my mind after zooming out to see a bigger picture. HTF showed very little selling pressure, which is why I waited for the BOS on LTF H1 to enter a continuation trade of...

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It's been risky selling against JPY lately. However when opportunity comes we have to take it no matter the history of price action. NZDJPY reached significant daily resistance on 11th of January. Price retraced back down and failed to reached previous high on the push up. H8 closed bearish and H1 had a bearish engulfing candle pattern indicating some more sellers...

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We saw a big push up (I'm guessing it was from UK inflation news) that stopped at a significant daily resistance and a psychological level of 1.9400. We entered a sell after LTF (H1) had a BOS letting us know some selling sentiment is at this level that could push the price back down.

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We are in the upper zone of the range. Overall HTF, especially weekly, is telling us we're going even lower sooner or later. Entered a sell after BOS on the LTF

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GBPJPY offers a great entry for longs at this level. It approached a support line from which it bounced three times before and I'm betting it will bounce again. We are still in a range and, looking historically, we are more likely to change directions at support than to break it. That's also the complete thought process of me on why opening this trade. M15 chart...

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USDCAD started its journey downwards after it reached daily significant level of resistance around 31st of October, followed by a selloff to a next support zone where it bounced on 6th of November back up, failing to break the resistance and making another high. Since then the price has been in a downtrend. Yesterday the market was finally able to break the...

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Does economy work like that? Will I, a European, be richer in Japan if price on EURJPY keeps rising? Or is it like an inflation meaning I will just have to pay more yens' for the same service? ... Anyway, EURJPY broke out of range days ago and finally came back to retest the support. I added a buy after price bounce off of the psychological level of 159.000....

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Almost every JPY pair has the same setup as this one - break and retest. I choose this pair as it has the highest positive swap fee, so I'll make an extra dime if the trade works out.