A quick analysis pre-FOMC. As this week get's off to a jam pack economic data spree, volatility or market direction will be important to watch going forward. For a technical view, please refer to the analysis image posted on January 27th.
Enty: .8763 SL .881 TP .8630 Technicals: Price breaks zone, retraces on same and continues down. good market structure. Fundamentals: COT data strong. Retail money is 70% LONG. Therefore we go SHORT
Entry 1.0590 SL 1.0840 TP: Open Feel the EUR will continue to see further struggle as the energy crisis continues. Let us also be aware that smart money is adding into their short positions. We did see some bullish movements as sentiment changes for the past month or so. However, we are now anticipating a large bearish move as more of a fundamental trend begins....
Sold GBPUSD Entry 1.2020 Sl 1.2180 (160 pips) Tp 1.0685 (1335 pips) Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF. Large institution is in a short position on the pair. The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being...
FX:EURUSD is currently trading in a range on weekly and daily basis. The crucial resistance level is 1.14246. The next two crucial levels are 1.15924 and 1.17006. If the trend line and the range breaks, these crucial levels are the next to reach . The forecast line is being followed from 2016, at 2020, we have seen a big volume when the price reached near to...
USDCAD is presenting itself for a good buy opportunity hopefully this week. I will join the buy if the level holds for a buy . comments are welcome .
Price broke ema and trendline with strong impulse leg. Price is overall bullish so risk is small. Wish you well guys :) Forex Swing Traders
Broken trendline and recent structure! EMA 200,36, recent structure are acting as a resistance + we got nice rejection candle. The risk on this trade is small because we are on D1/W1 structure, overall D1 formation looks promising. It is also a hedge form GBP/JPY and GBP/CHF long. Nothing fancy isn't it? Looks like it will be breakeven month :) A lot of ups and...
Sorry for late signal guys! It was simply ABC breaking recent swing high. Safe SL! 2nd TP is much higher Low risk trades recently... :) Stay humble Marjan Forex Swing Traders
GBP/JPY broke previous resistance which acted as a support. Price is on major D1 support as well. SL below previous swing low. TP1 = at retest of swing high TP2 = far far above :) (secrect hehe :) Stay humble! Marjan Forex Swing Traders
GBP/NZD formed pretty strong support zone. At these areas you can easily scalp or enter even on a higher timeframes :) Recently i experienced 7 losing trades in a row and after that NZD/USD short covered all that. By the end of the month i might show the equity curve of October. As it looks like i won't be able to share each and every trade, because the...
Broken trendline EMA 200 acting as a S/R, horizontal S/R as well We have also resistance trendline Rejection candles in place
We are going against D1 timeframe, but still it looks ok. Risk is small
Pretty simple price action trade...nothing fancy!
Reasons for setting buy orders: - D1 support area + bullish candle (D1) - H4 Divergence - H1 break of nice trendline with strong impulse leg We are waiting for retracement! Keep it simple :) Good Luck :) Forex Swing Traders