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Newyorksession

Could the bearish daily trend be about to continue?Good morning traders! I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved. EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago. Looking at the lower TF we are in a 1hr sell range and 4hr buying range. Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities. Whatever does happen I will remain Neutral and trade the market in the moment. As always, trade safe EnvisionEJ
by EnvisionEJ
The weekend is when the deep work happensWhat do you use your weekends for? The Forex markets are closed, but your mind shouldn't be. This time is best used reviewing and learning about the week before. Take this trade for example, it had it all-5min Buy range, Change of character, BOS, 1min buy range, pull back to the equilibrium, pull back to range impulsive move. This happened later Friday night my time, however by reviewing it I get to see how good this trade would have been for those awake. As always trade safe, I'll see you on Market open! EnvisionEJ
Long
by EnvisionEJ
Look at how EURUSD moves in New York sessionThis chart is meant to be studied. Trades setups are for New York session. This is more of an analysis of where price is likely to go, and then entry/exit is up to you. The analysis is derived from five core concepts: 1. Each trading session (Asian, London, and New York) acts different and has a job -Asian session tends to consolidate and trap traders in both directions 2. Each trading session interacts with the sessions around it -Part of the analysis looks at the high of Asian session as a resistance zone 3. Price acts the same day after day -A bullish engulfing bar will always represent buying pressure 4. Price interacts with places of high and low volume -Part of the analysis uses volume point of control to find areas of interest 5. Price will move quickly in one direction, then slow down and reach exhaustion, at which point it will move in the opposite direction for an undefined amount of time -A strong push to the upside will be followed by a pullback Keep in mind nothing is correct 100% of the time. The key to long term success is risk management. If you take a loss, find out why, smile, and wait for another opportunity:)!
by cylfx
GBPAUD- Weekly AnalysisHappy Sunday to you all, Definitely was a weird week last week for GBP. What I think will happen when the market opens is price will gap back down to where it gapped from last week, which it never retraced back to. Even if it doesn't price will rise then eventually retrace to that area for sure! I personally have never seen anything happen like this, where price doesn't retrace to where it gapped from within the same week. So what i'm expecting this week is price will retrace and rise just like it has previously at this area a few other times. If price was to take on the bulls price is definitely headed to 1.80000+. I will be updating/posting this pair all week so stay tuned, I feel a good week is ahead of us!
Long
by lobfxempire
NZDUSD ShortWas looking at a continuation of NZDUSD bearishness as we had a strong momentum push and clean 4H Equal Lows which Big banks were targetting as retail traders had their stop losses below the 'support'. We had a sweep of Asia low in London which created Equal lows on the 1H. We then run the high also meaning i was ready for entry in New york as i now had 4H equal lows to target and 1H. I then got the confirmation i needed- a 5m BOS and using the fib i set a limit on the 61.8 Fib level with a 12 pip Stop
Short
by Callum1999
USDJPY TRADE IDEA!!I really like this trade idea to the upside. With that reaction off of the daily OB I will take that as a confirmation that we may be in a intermediate term low. Of course depending on what the DXY does for the rest of the weeks to come. I like the idea of the market coming down into the OTE which would be the blue zone and then continue on up. If this happens today I will take the trade idea but I would prefer for this to happen during the London session or NY session on Tuesday and hopefully that will be the low of the week. My main focus for the trade idea would be for the market to tap into 106.800 that is my final target. Which would be the Daily bearish OB I have highlighted. lets see what happens.
Long
by JohnnWick
NAS100 Shorts After USD Holiday PushDont be fooled by the Bullish rally all this week up until yesterday. Even though US is in the Holiday today, I expect markets to short next week to correct this weeks rally. Price rose to 10433 Yesterday 7/2/2020. After reaching that higher high on the structure, NAS failed to make another higher high. I also noticed a break of structure at 10383 and a retest of that zone last night. Im taking shorts to 10172. In the midst of me typing this price started to fall. I called this trade yesterday at 2pm EST. You can enter when price comes to a lower high on the 1HR Time frame of structure. Happy Trading. Like if you agree or leave a comment.
OANDA:NAS100USDShort
by TradingTrav101
NAS possible Bullish to 10300 ?NAS100 has been bullish last 2 NY sessions. With strong bullish momentum happening within the last hour of each session around 3-4pm EST. Currently price is ranging during Australian and Toyko as it was doing yesterday 6/29/2020. During Pre London and London session I'm going to see if price will break current support at 10134 and head down to liquidity pool at the zone of 10100 to 10085. If i see rejection around that zone I will look for buys during the NY session to push bullish momentum up to 10200 and then on to 10250 and 10300. on 6/23/2020 last week the high was 10310. Ultimately my bias is Buys going long for the long term. If your up late you can take shorts down to 10100 or lower until we see exhaustion, during the London session. But I'm headed to bed lets see how NY session goes at 9:30pm EST. Good Night and hit Like if you agree. Subscribe if you want to see more of my breakdowns. Im still learning, yet earning. Focused on Risk management. You will always remain profitable if you have more wins than losses.
OANDA:NAS100USDLong
by TradingTrav101
(EUR/USD) Potential Sell OpportunityGood Afternoon Traders. Who's Ready To Make Some Money? This is my setup for today. There's still a lot of bullish pressure in the market however i feel the markets needs to correct before continuing with the trend Reason for trade: - Price Over Brought - Strong Wick Rejection on the 1hr - Strong Resistance Level (Respected 3-4 Times) Advice When trading pull backs timing is everything. I prefer trading with momentum however i couldn't resist taking this trade. Lets see how it plays out. Peace Forex Prodigy
Short
by forex_prodigy