Okay, I'll take one type of trade today. I'll attempt to buy yesterday's low. With the sentiment of price moving higher. I'll set a buy limit order because I don't want to spend most of my time looking at the charts today. I will not buy anywhere else. I will not turn to a seller until I get a confirmation, my confirmation is a move down and retest of support. I'm...
Good morning everyone, I'm looking at the AUSSIE and we noticed a reversal signal from the daily charts after GBP released a good Unemployment rate We are overall bearish on (AUDUSD and GBPUSD) but today looks like a breather so bull on this.
ENTRY: 0.71868
STOP: 0.71801
TP: 0.72050
ADVISE Risk <1% of account size per trade.
Have a lovely day.
The DXY is slightly below our weekly support but currently resting on the support, USDCAD resting on a weekly low. Expecting crude oil news to provide volume here. Entry - 1.25460, STOP - 20 pips.
Looking at Aussie and the dollar index, USD closed below the weekly support yesterday, Indicating a weak dollar for the main time. Today on the AUDUSD, we just got our fractal, meaning there's a high possibility of a turnaround at current market conditions. No doubt our CPI and Crude Inventories will have an effect on this analysis, but we at Affluent Traders are...
Okay, Out DXY is at Weekly support, and Pound is at Weekly Resistance. This is our typical Textbook setup so I'll advise you to put your RISK OFF. And by that I mean we're putting our cash on the dollar. We're still risking one percent of our Account with a 25 or 30 pip stop. Entry at 1.36137. This setup has the possibility to be our weekly high, and if that's so,...
EURUSD was weak for most of 2021, and the yearly high developed in January. The trend lower wasn’t the cleanest overall, but there were certainly periods where one-way momentum was strong. 9 red months, 3 green months, with a major retracement during April. What is seen as the big deciding factor for the general trading bias is how DXY responds to the (96.753 -...
Looking at the NEOUSDT, the price at weekly support at the moment. Our RSI is below 40 and BTCUSDT is at weekly support. This setup can be invalidated by price going below support by 30%.
What do you think about this setup? Let me know in the comments.
The dollar index is ranging at a current 1 week Resistance, with a rise in Jobless claims and Philadelphia Fed Manufacturing Index (Dec) is Low. Signaling dollar weakness, at least temporarily. EURUSD is currently set up to break a daily resistance, turning it to support and a move higher. Target 32.6 PIP, Stop Loss 15 PIP. Risk < 2% Account.
If you want to know...
Okay, Today's post is a continuation of yesterday's setup. The Dollar Index is currently at weekly resistance, we're expecting some strength on Cable and Euro. Please go back and read up on yesterday's trade to fully understand the setup. Today I'm entering a GBPUSD Long for London Session. Risking 30 pip of 1% of my account.
Our key Indicators here are the Weekly Resistance turned support and Our RSI signaling a 40. If you enjoy my content Subscribe and Follow. If you want to know how I draw my support and resistance lines, just follow and send me a message, we'll get right to it.
Good evening guys. The Pound is currently on a key support level. Looking at the 4hour candle we'll see 3 bullish exhaustion candlesticks all signaling an increase in demand. Next, I move into the 15minutes to get an optimal entry, my RSI is currently at 58.42, I'll just wait till it returns to an oversold region(below 30), this will serve as a good entry to risk...
Price Just rejected from daily resistance. Expecting a temporal reversal to 50% and 65% Fib Levels - These levels represent buy zones, remember we are in an overall bullish trend on the higher timeframes. So we're expected to switch sides as soon price approaches our fib levels. If you would like to know how I draw my charts, send me a message.
I just found a double bottom close to my monthly low/support. I'm getting In now because I'm occupied this week and this is close to support entry. RSI at 45, 200, 100, and 50 EMA right above me so It might be a struggle to get to 1.34771. Send me a message so I'll show you how I draw my support and resistance lines. Merry Christmas
