Trader Tom, an investing.com technical analyst explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please join us and hit the boost button.
Yesterday EURUSD kept the sideways movement. Tomorrow is the FED decision on interest rates and that will determine the next move. There is no reason to enter at current levels. We watch for misleading moves and a higher bottom. All pre-news trades should be low risk!
GBPUSD is rising toward the pivot close to the 161.8% Fibonacci extension and could potentially fall to an overlap support level However, a break above the pivot might lead to a rise towards the next resistance Pivot: 1.2595 Support: 1.2482 Resistance: 1.2693 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...
EURUSD is falling toward a pivot and could bounce off an overlap support and rise toward the 1st resistance that aligns with the 61.8% Fibonacci retracement However, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0680 Support: 1.0638 Resistance: 1.0775 Risk Warning: Trading Forex and CFDs carries a high...
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Hello Traders! EUR/USD is testing the 21-day EMA as a tentative Support, which might indicate a temporary bullish stance within a broader bearish context underscored by the price's position below the 200-day SMA. Immediate resistance is eyed at 1.07992, with a break above potentially signaling a push towards 1.08607. However, if the pair falls through the...
My confluences have been met. I am short on this pair. 1.24800 - 1.2400 is my weekly target range What are your thoughts? Trade safely my friends
Identified an hourly channel breakout on this pair where we may see a retracement to the downside following the bottom-level support highlighted. This level of support held close to 38% on the Fibonacci retracements. A well-managed short position might generate something in between 30-50 Pips worth of profits.
Fed interest rate coming up on Thur 2nd 1 day and 16 hrs No chg is expected and last time no change it went against the USD and then reversed so looks like to me they gona run it down pick up some stops then run it up again then down again that's how they make money. They don't make money sitting still Just had big run up and nice break of trend...
OANDA:EURGBP has given a strong upside breakout from previous 4 weeks range. It has been retracing towards fib 50-75% levels where we can look for buy side setups.
GBPJPY Daily Trading Journal I suspected for Price to deliver a low to rebalance the D FVG created on Friday. Price was action packed rebalancing my noted Daily FVG and then taking the sell stops and buy stops. WOW. Price is still rebalancing the HFT SIBI. I anticipate that price to deliver higher prices to rebalance the 4 IFVG created in Mondays session.
Long term Investment for Forex Traders in GBPUSD. You may specifically look at this zone to execute your posion.
This is my Setup to go SHORT on GBPAUD. The setup is valid on 1 houe time-frame, look for the LTF confirmation for entry..
I was thinking it wouldn't break lows before pushing higher but now im almost certain that's tha case. Once news is done we should be clear to go higher after this push down
EURUSD 4 hour Trading Journal I suspect that London low weeks target at sell stops at range 1.06738 coming short to 1.6902 before reversing in NY session. I would like for Price to take the clean sell stops at range 1.06902 right at the .79. I anticipate for price to take the clean buy stops at 1.07335.
Break of Trend line looks like it's rolling over Probably get some pips out of it Usually role over after a big push up Just had nice pull back into fvg Should head lower Lets see
Hi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL. Best Of Luck CharlesFX
Clear bearish momentum for after hrs trading. Quick 1:1 trade to previous low