First step: Identify trend.
Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day.
Step 2: Wait for the New York initial balance to form in order to make an educated discission.
You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...
US30 Next Buy opportunity 37366.36 and 37212.31. But recommend 37311
Target will be Depends on entries.
Wait for confirmation....................
Key level Support 37212.31 4H and Key level Pressure 37819.45 4H. Already missed with sell opportunity. Scalpers can get sell trade with 37638.
SL ( Set a uniform set of 15$ ) only for your reference and you can set...
1. Identify the Current Trend: Begin by assessing the current trend of the USDCAD pair. Is it in an uptrend or a downtrend? Trends can be identified by drawing trend lines or using technical indicators as observed our current trend is shifting to the bearish setups
2. Spot the Change of Character: To anticipate a potential change in character, you should look for...
As usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have...
What a day of twist n turns. Well we are happy to get that second lot chance to tp 1952 and 1945 at 1935. A lottery that gave 100 and 170 pips in bonus. This is the result of taking 2 lots every time. Get one TP at 50pips to relax your nerves and feel nourished and keep other on BE for a chance to get some more pips. Trust me once or twice a month you will enjoy...
This week is weak! In three days two BE and one TP. Well, even then it is good to go. Today my PO missed at 1925.78 and the price went straight down to 1914, I call it a bad luck as my PO was at 1926, well other fellows who were watching the chart took sells from 1925-23 and picked good profits. Thank GOD. Eventually price came to the target area again and a SL...
What a day! Bending of trend was located, bullish segment was smelled, positions were taken, all seems set but … Stop Loss Hits. Well Profit & Loss is part and parcel of trading but we must learn from our mistakes. However there was no flaw in work plan. Sell was taken at 1905 and at times it went 1901 but reversed, we BE it and it was hit. We re entered again but...
Please search for my previous post, where I anticipated the last available effective demand zone and how important it was. Sure enough, price reacted on Friday and it's already taking H4 highs as mentioned.
This is not a flex, as it's possible to do this very often with high precision, but an attempt to demonstrate how important it is to have a clear analysis...
Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions,...
Good morning traders! On GBP/JPY, we have a new long setup following Friday's trade. The price seems to have reacted overnight in the highlighted yellow key zone at the 183.62 level, where there's a high concentration of orders and a strong potential for a reversal. Today, there are no significant macro data updates expected, so I anticipate a possible retracement...
At 0.6070 we have a Poi zone where the price could be a reaction and if the price will close over the poc we can consider to entry long. I'm waiting a confirmation before to enter. Have a nice weekend!
On EUR/USD, we have a bearish setup with the price approaching the 1.0996 zone, where we encounter a strong resistance/support area supported by a demand zone in the H4 timeframe and a bullish trendline. At this point, the price could potentially rebound, with a possible target at 1.15, considering that the dollar is expected to adopt an extremely restrictive...
On XAU/USD, we have a bullish setup with the price in the zone around 1.67, where we have a double bounce area. This means that the price is currently testing this zone, and it appears to be holding, and there is another bounce area at the 1973 level, where the price could also bounce while touching the descending trendline we have on the chart. In fact, the...
On GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support...
BYBIT:FXSUSDT.P
This is my idea on FXS (if this isn't already the bottom) if we decided to come for another swing down how my chart is drawn up that would be a zone where I would take a trade any day of the week. Now all there is too do now is sit tight in that patience zone, set a few alarms on a few prices, check the reactions of them spots you pick and be...
USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout...
In April, UK GDP grew by 0.2% m/m, recovering from the previous month's decline of -0.3% m/m. The rebound was driven by the services sector, with services expanding by 0.3% m/m and contributing 0.26 percentage points to overall GDP growth. The wholesale and retail sector, as well as the information and communication sector, made significant contributions. However,...
