As discussed on last nights FX Market scan in Market Mentor: After a big move out of the BoE interest rate decision GBPCHF looks to be continuing the uptrend. See you on the next call next Monday at 5 pm AEST time Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes...
Hi Team! Plenty happening in the FX world this week. The Pound CAD long we identified in last night's market scan is working out well and looks like it wants to continue. Feel free to discuss further in the chat room or the main feed in market mentor. Otherwise, I'll see you on the next FX market scan on Monday night at 5pm AEST. Cheers and trade safe Dale
My favorite pair EURGBP looks like it's found some support, as we talked about in today's market scan. Looks like it wants to continue the uptrend here. What are your thoughts? Cheers, Dale
the USD w]is likely to see an upward push.. the purple rectangles show the different resistances / supports we will be looking for DXY to move through. Not sure if we will get much of a bullish reversal yet, but we can definitely see an upward push to find support higher up. this will cause pairs like GBPUSD, EURUSD, NZDUSD, AUDUSD to go down and USDCHF, USDCAD,...
very easy play.. I will buy when it retests the neckline.. big buy coming
USDJPY sitting at solid support.. also at bottom of channel that it's been forming The green circle is the buy zones and the arrows give you a sense of how I expect it to move... simple break above trend, goes up and hits resistance, then falls down to the trend line to test and then go higher... The price labels show where I plan to take partial profits as...
GBPUSD H4- Market currently in a downtrend & is trending below the 50EMA. Reason For Entry- (Fundamental Analysis)- The Pound (£) Markets are EXTREMELY volatile right now traders following comments from British Cabinet Minister Michael Gove saying that he made clear that the UK would not withdraw the Internal Markets Bill. This comment effected the GBPUSD as it...
Good Afternoon Traders CADJPY LIVE TRADE UPDATE! Reason For Entry- Price broke above the Daily Resistance Zone and I entered @close of 10AM candle SL- 30 PIPS✅ (80.014) TP- 30 PIPS✅ (80.610) TP2- 60 PIPS✅ (80.905)
Gold spiked to All-Time Highs, breaking above ($1920.111) during the early European session, albeit quickly retreated a bit thereafter. There are still high concerns within in the US about the economy which could be grinding to a halt amid the ever-increasing coronavirus cases that continue to grow. News release of the advance US Q2 GDP report on Thursday,...
USDJPY has recently crossed the 50EMA meaning the start of a new trend on the 4HR Chart & is in a level of structure support that has been a major level of structure for this pair multiple times in the past. So, for this week, I will be looking for possible long trades out of this pair from our Monthly Support Zone. Support Area (Brown Zone) = (98.900-107.180)
Happy Sunday Traders This pair is currently pushing up very strongly on the daily chart. During the week, this pair broke previous resistance (1.14420 -1.14990) and is now pushing up into an area which I called the Weekly Resistance Zone. This is an area that the EURUSD has tested multiple times in the past as resistance and is possibly an area that we could see...
Introduction Date: 01/07/20 Time: 11:00 AEST Topic: Yearly-Term Trade - Bullish - CELR Forecast: A drop down to about 35ish sats where some Daily & Weekly Support has been found, before reversing and gearing up for another run Summary I see a yearly trade on CELR appearing with numerous software which I utilise bringing it to my attention. With some basic...
Good evening everyone, I have broken down in this video my confirmations and reasons for taking both of the trades. Students, i will be following up this breakdown and forecast tomorrow. I hope you all fount this video insightful and helpful. If you require anymore information about the education we provide at Alpha Trading Group, please leave a comment or DM...
Price is below the 50EMA & the Daily Resistance Zone with so far alot of buying pressure coming in for all of the EUR pairs. Reason For Entry- Double Bottom, followed by Engulfing Candle indication of the counter-trend opportunity to go long SL- 43PIPS🛑 TP- 43 PIPS✅ TP2- 86 PIPS✅
GBPUSD H4- This pair is currently in a Downtrend with price below the 50EMA. Reason For Entry- Market Pullback followed by Engulfing Candle. SL- 70PIPS🛑 TP- 70PIPS✅ TP2- 140PIPS✅ (2:1R/R)
First bit of profit on this trade, looking good so far. i took this trade because it has tested a key area of weekly support meaning its likely to change trend. i am naked trader and only use support and resistance and price action! Thats all trading needs to be, simple and easy to repeat! If you want to learn how i trade, please drop me a message on here or on...
price is moving as predicted. keep it simple, stay patient. Follow your plan