I wouldn't fall for the trend line buys personally. It is a buy lure to sweep out buyer liquidity before the true move to the upside comes in. I have marked where I would like to begin to scale into buys before switching over to long-term sells.
The majority of people trading this pair are selling and they have been lured into a sell trap prior to NFP. I believe price will continue to tease sellers before the news release only for buyers to take control towards the end of the day with complete reversals.
NFP – KOG Report: This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings...
Hola ! Happy Friday traders - Mid Cycle of the 3rd quarter for 2023 As mentioned in my previous post, US30 gave us bullish momentum throughout the week and during NY session we seen the bears take over completely. Am i the only one seeing all the sellside liquidity getting built ? Im in two minds with it being NFP today - shit is going to be wild. Thinking...
Today's focus: US30 Pattern – LH Support – 34,560 Resistance – 35,030 • Price set a new failed high, pressuring the current rally • US Employment data at due 8:30 am Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we...
Yesterday EURUSD pulled back from the resistance followed by over 100 pips drop. US jobs data is coming today. The news is one of the most important for the USD and expect a reaction. We’re watching for continuous of the downside move and heading towards the low at 1,0760. Upon a breakout the next key support levels are 1,0700 and 1,0647.
King W. Harbmayg's Journal Entry # Lesser Position 1. Pair & Position: USDJPY— 1:5 RR Long— according to the Harbmayg Schematic, the market has successfully: a. aligned with the daily template, b. printed confirmation structure, c. printed the inversion candle 2. Performance: (1 out of 5) Confidence— 4 Discipline— 4 Execution— 5
As what we can see, Eurusd already in a slow position which will waiting for NFP make move on it. Thus my analysis for this pair will focus on short position. Will be waiting for the news confirmation data first for any oppurtunities on the market movement. Share your though on the comment for our discussion together. Secure risk and stay trade.
Hello Traders, today the FX:NZDUSD pair in struggling to break the 0.61 level and re-enter in the local channel (highlighted by yellow trendlines). Today operativity will be to monitor 2 things : 1. A break of 0.61 that wil give the possibility to re-enter the channel and target the 0.62 levels probably the coming week 2. If prices stay below the 0.61 level the...
Hey there 👋 We are in No.1 position with deep buy in 1903 - 1905 I had informed this position here and on my t ... But now and with nfp news we can have a shadow hunt.. We can do somethings : 1 - Free Risk all XAUUSD positions on 1907.5 2 - close some positions on 1918 3 - sell on 1922 - 1925 🚫 Stop loss : 1928 And Finally 4 - DEEP BUY 🟢🟢 : 1905 - 1895 🚫 Stop...
#GOLD.... Market exect hold whole night your area 1909 10, That was upper line of our expected range and placed 1916 near our expected upside target after range breakage. Now market have 1914 15 as major resistance and downside 1907 arround will be our supporting line, Let see what will be done from market in today, trade wisely Good luck
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
NFP DAY: NQ: We are in a deep premium , with this information we predict price to go lower. now to go lower we need to sweep high of may sweep (buyside ) at 8:30 AM my first target is 14406.75 14247.50 14066.25
I see that today's gold price will be in the false break area first so I set sell limits at 1992 and 1999 with a take profit target of 1950. Then gold will continue its increase with the nearest highest target at 2070 (swing level).
Trending down. Daily we reached 78.6 fib & daily OB. On 4H chart we can see how price has reacted off a 4H OB. Asian range has been pierced through the upper side and now price is trading below it. Trade is on if we see a clear displacement down off current level and a retest of the 0.85030 level. Ideally right after NY open and NFP. For the swing: SLwould be...
"What to expect from NFP on Good Friday? What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012. Let's take a...
Price action has started to build a double bottom formation. If we break the resistance we can see the price visits the weekly resistance. Targets are 1874 (WRP1), 1888(WRP2) and 1925(WRP3). Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
This is trade idea for AUD Swing Trade -Sell in Fib Golden Ratio Area or H1 OB-, you can choose one according to the confirmation that will occur. -Hawkish of Powell Speech (FED) pushes AUD to drop further to find Demand area for buy. -Risk Reward 1:4