I have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first...
I have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone. Let me know your thoughts in the comments. Happy trading and have a great day.
GBPAUD after a retracement has a potentially bullish trend breakout. In my analysis, I have identified a support zone between the 38% and 50% Fibonacci levels, which the price has breached, generating a fake low. After the price has returned above the support zone, it could push upwards to touch the previous highs. Let me know your thoughts in the...
On the gold chart, the expectation is for a return to the area drawn around the price of 1975-1985, followed by a subsequent rise to the 2040 level. Let me know in the comments what you think.
The establishment of a successful and sustainable forex trading career requires aspiring traders to gain a deep understanding and mastery of several critical principles. Failure to do so will result in financial losses, wasted time, and ultimately, frustration and despondency. There are five essential principles that aspiring traders must study, understand, and...
Reviewing the Fridays New York (03.02.2023) XRP Trading Session. - Sharing some thoughts and my personal view. - What could have been traded? - Pattern: Market Maker Pattern
What's up guys and gals, hope everyone is alive and well! So this is another fun & very interesting backtesting clip, this time with #US30. Now if you've been following my channel you'll know that I mainly trade #xauusd (gold) but I've been asked about other pairs so I felt, as a mentor, I need to expand my horizon. I guess I can just be transparent and say I'm...
A dip and structure break happened in Asian Session. Then a low level formed and there's a sweep on the low level. After that During the NY session the position exit at the supply zone.
Experienced stock market traders often attempt to apply their battle-tested systems to forex trading. They often suffer the same setbacks as aspiring forex traders when they do so. Why is this? What makes the forex market so different from stocks, bonds, or indices? One key difference is that the forex market trades continuously, 24 hours a day, five days a week....
Price has displayed a bearish sentiment and momentum for some time now. This analysis is based on a few technical factors: - Weekly momentum to the downside is very high - The previous daily lows have been breached - Current price has retraced from support in order to achieve a discounted entry Targets have been set at a significant support region and I intend...
Morning traders, woke up this morning to market gaps. For me personally I will be back tomorrow to see if the market gaps have filled so I can grasp a true directional bias for the market.
The above chart and below charts are some analysis on how past New York Session High and Lows have been acting as support and resistance. In the above chart you can see that the New York Session seems to be putting in THREE consecutive higher sessions (shown as 1,2,3) then completes a recovery. The below image is a prediction that if price does drop that it...
During nyc yesterday price gave a nice rally above last fridays high and started showing weakness as i was also looking for another push down into 1785 which did not happen just yet.... i figured we would get another run into a previous high in order to get back into mondays lows which is where im looking to take longs to swing for the week. Here it is london...
Reviewing statistics Reviewing todays price action. Price has ranged between Tokyo's high and low range. London and New York's session price action has not yet broken out of this range. Looking at the range so far this week $4850, the average weekly range is $7475. Waiting for Tokyo open for more price action.
hello everyone hope u have a great day... as client suggest its possible that we will see a bullish NY session , risk will stand still but profit would differ and it depends on how session end at the end... good luck ! . . . . . . . hope you all have great time trading :) remember to like and comment your thought about this idea … do not take this as a signal...
if its break the box as a support and resistance and conform a second candle above it or below it then Enter LONG/Short... Happy Trading Guys...
eur usd is currently in a range and I expect eur usd to rise in the London session and after we have a chance to fall again to the daily order block but first we are long for now so keep your eyes open and stay woke for the up move. I hope de chart explains it all if you have any questions ask them in the comments I mostly answer them in 30/20 minutes
According to my analysis, I short the US30 (Dow Jones Industrial Average) SL TP you can make as your own,