Trade Setup (Daily and 4 hr) approx 3:1 - waiting for a retrace next week or two to fill my sell order - Daily RSI divergence - 4hr trend changed to bearish Scalp (4hr and 15 min) approx 2:1 - If during kill zones (as marked on the chart the trade setup)
Sell this pair , liquidity grab on HTF and down we go. Benn following this pair for quite awhile.
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Take 1% risk from your capital, Once market Move Half way, you have to make the stop loss to its entry point, This will be1:2 risk reward ratio, You can also close 50% trade once it reach 1:1 then the rest of the position you can close once trade reach 1:4
Take 1% risk from your capital, Once market Move Half way, you have to make the stop loss to its entry point, This will be1:2 risk reward ratio, You can also close 50% trade once it reach 1:1 then the rest of the position you can close once trade reach 1:2
FX:EURNZD expected to reject from current key level and continue the bullish trend. However, there is a risk involved as price may drop between the marked two blue lines and rebound strongly from that region. Although, there is another possibility is that price can create AB=CD pattern and if it does follow that route then price can touch our second blue line...
We are exploring the possibility of a sell here because of the retest that resistance there and we are also seeing a broken flag that has also retested. Trade safely.
This is a very optimistic trade and i encourage people to stay away from it. We saw a breakout from the short term trend and we are looking to sweep down a little bit.
Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect downside move after price filled the imbalance and rejected from bearish order block + institutional mid figure 0.60500. Like, comment and subscribe to be in touch with my content!
The foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength,...
Hello You can see the EURCAD chart in the one-hour time frame In my opinion, the best entry point is at the price of 1.46637, observing the loss limit of the specified area
Hello You can see the EURCAD chart, which, according to the previous analysis, was able to touch the target beautifully and with minimal loss
OVERALL GAME PLAN I'm going to sell EUR USD - SHORT 0.10 ANALYSIS IN MY FAVOR * The pair created a lower low on the 4hr * The pair is now near the highs but it's not able to break them * Trend overall bearish ANALYSIS AGAINST ME * SHORT TERM TREND BULLISH
OVERALL GAME PLAN Going to sell this pair due to trend analysis ANALYSIS IN MY FAVOR * Top of the 4h at resistance level ANALYSIS AGAINST ME * Short term trend is —> UPTREND RISK/REWARD 0.10 LOT SIZE / 1 TO 2
I know you want a flag or a breakout or an indicator to tell you where the price might go. Even if I would come up with it I would immediately ask myself what is the risk reward for this setup and what is the PROBABILITY? This simple magic trio of mathematics is the cornerstone of any profitable approach in the markets, yet people don't even understand the concept...
The current buying opportunity for the EUR/JPY pair lies at 164.507. This represents an advantageous entry point for traders looking to capitalize on potential gains. By setting take-profit levels at 165.000, 165.500, and 166.000, investors can strategically aim for incremental profits as the market moves in their favor. Additionally, implementing a stop-loss at...
"Japan faces a tug-of-war with yen bears" says the recent Reuters article on this topic, which has had a lot of articles in the recent buildup to the BOJ intervention. What it basically implies is that professional traders have embarked in a money making roller coaster pushing the USDJPY higher knowing full well that the BOJ will step in and bring it down...