Continuation tradeApplying Risk Management i am willing to trade this Continuation trade on EURUSD +100pipsLongby KINGsREPUBLIQUE1
NZDCADWe can attempt to buy NZDCAD from specified level as it make HL , 0.5 FIB intact , also there is no bearish divergence indicate that it moves upward. SL , TP mention in chart.Longby SignalEdgeUpdated 220
EUR/USD Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 📈 Anticipated Price Retracement In our previous EUR analysis, we projected a price retracement to mitigate inefficiencies, including Gaps and Fair Value Gaps ( FVG ). This forecast materialized, with a notable reaction at the FVG created post-Market Structure Shift ( MSS ). 📉 Expansion and Sell-Side Liquidity Subsequently, the price extended lower, targeting and absorbing the sell-side liquidity ( SSL ). Our analysis had delineated Optimal Trade Entry ( OTE ) levels, which the price action respected, exemplifying an optimal scenario. 🔄 Reaction to Fair Value Gap Presently, the price has retraced to the delineated FVG, exhibiting a significant reaction at the 50% (CE) level of the FVG . This movement also induced a Smart Money Technique ( SMT ) divergence with GBP/USD . 🧠 Understanding Smart Money Technique (SMT) You may inquire about SMT: in this context, SMT manifests when EUR registers a high, fails to achieve a higher high, and instead forms a lower high, whereas GBP/USD attains a higher high. This divergence signifies a bearish SMT , particularly when aligned with existing inefficiencies (FVG). 🔍 Outlook: Bearish or Bullish? To consider a bullish scenario, the price must invalidate the SMT. Should the SMT persist, our stance remains bearish until pivotal levels, such as the Previous Week Low ( PWL ), are achieved. 🙏 Thank you for joining us! Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.by RealArmin8
EURNZD SELL IDEAAnticipating a short position on EURNZD if price creates a rejection off that levelLongby ometacharles111
GBPUSD Sell Idea !Since May FX:GBPUSD has been trading within a sideways/ ascending consolidation pattern and just recently broke the lower limit of the pattern to downside and soon enough started forming a flag pattern . Price has already retested the lower limit of the previously formed consolidation pattern and seems ready to start the downward move till the next Target of 1.26852 and if it manages to break it to downside , then eventually the Target of 1.26181. I'll wait for the BoE Interest Rate decision to make any final Moves !!Shortby Myfxlobby112
Trading AUDUSD | Judas Swing Strategy 17/06/2024 Following a successful trading week, we approached our trading desks in high spirits, eagerly anticipating the start of the trading session. While our week included trading FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD we’re showing this classic example using $AUDUSD. At 8:25 AM EST, we began the day by running through the essentials on our Judas Swing strategy checklist, which includes: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone Now that our zones are demarcated, we anticipate a liquidity sweep on either side of the trading zone, as this will assist in establishing a bias for the trading session. Liquidity was taken at the lows after 5 minutes, signaling our focus would be on identifying potential buying opportunities. To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure. We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied. Ideally, our stop loss should be set at the low of 0.65854, but that would place our stop loss at approximately 6 pips, which is too tight for our strategy. Extensive backtesting has shown that tight stop losses are often triggered before price reverses and moves in our intended direction. Consequently, we have implemented a minimum stop loss of 10 pips for all our trades. After executing the trade, we experienced a minor drawdown for approximately 25 minutes before price shifted in our favor. During the drawdown, we remained calm as we had only risked 1% of our trading account with the goal of achieving a 2% return. Price was progressing well in our direction, and all that was required of us was patience for the Take Profit (TP) to be reached. We expected to be in this trade for roughly 8 hours and 6 minutes, so we stayed composed and had faith in our strategy. After 3 hours and 50 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on AUDUSD, resulting in a 2% gain from a 1% risk on the trade. Educationby CleoFinance0
CHFJPY - SHORTThere is a big chance that after SNB announce rate cut today, we may see a drop in CHFJPY I have two levels of targets as indicated on the chart. Always follow your trading plan and take proper risk management. Shortby Integrity_GoldFX8
GBPUSD is BearishBears seem to have taken control of the price action as a matured bearish divergence seems to be playing out. Previous higher low is broken and if the price fails to print a new higher high then we can expect a downward trend. Targets are mentioned on the chart.Shortby Fahad-Rafique0
SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25% Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise. According to SNB Chairman Thomas Jordan: → Inflation in Switzerland is decreasing; → In recent weeks, the Swiss franc has significantly strengthened due to geopolitical tensions, and the SNB is prepared to be active in the Forex market if necessary. The market's reaction to the SNB's decision and the statements from its chairman resulted in a sharp weakening of the Swiss franc. Specifically, the USD/CHF rate rose by approximately 0.7% in the first few minutes. Today's technical analysis of the USD/CHF chart shows: → From the beginning of 2024 to May 1 (point B), the market was in an uptrend (shown by the blue channel). → From May 1 to today, the USD/CHF price decreased, forming a descending channel (shown in red). → The downward movement since May 1 may be a correction within a larger upward trend that began from the low at point A, reached on December 28. → Today's upward reversal on the unexpected news from the SNB may indicate the end of the B→C correction. If so, the correction was slightly less than the classic 50%. If the hypothesis about the end of the correction is correct, it is possible that the USD/CHF price will return to the blue ascending channel. This scenario could be hindered by resistance lines – the median and upper boundary of the red channel. Additionally, the psychological level of 0.900 is seen as an important resistance. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen227
CADCHF - Bearish continuationWE saw negative news for CHF which spiked up price for CADCHF, i still like to see a bearish continuation since we need to come down to the demand zone in the beginning of 2024Shortby leonfeffe4
NZDJPYPair : NZDJPY ( New Zealand Dollar / Japanese Yen ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame RSI - Divergence Break of Structure Completed " 1234 " Impulsive Waves Fibonacci Level - 261.8%by ForexDetective1
"USDJPY Currency Pair Analysis: JPY Family Movement"💹 Let's dive into my favorite Forex currency pair, FX:USDJPY and review our previous analysis and its outcome, and then explore new entry points together. 🎉 Channel Milestone 700 Followers: Thank you all for helping this channel reach 700 followers! Our next goal is 1,000 followers. Let's keep growing together! ⚖️ Factors Leading to the Yen's Weakness: 📚 Higher-Than-Expected Inflation in the United States: The Consumer Price Index (CPI) in the U.S. increased more than expected, leading to higher U.S. Treasury yields as investors anticipate the Federal Reserve will continue its tight monetary policies. This has strengthened the USD as investors seek higher returns. 🚥 Federal Reserve on Interest Rates: The Fed indicated in its recent meeting that it expects fewer rate cuts in 2024, predicting only one rate cut. This less-than-expected dovish stance underscores the Fed's commitment to controlling inflation, boosting the USD. 🏧 Bank of Japan's Monetary Policies: While the Fed continues its tightening policies, the Bank of Japan maintains its expansionary stance. The BOJ kept its policies unchanged in the recent meeting, with no major changes expected. This divergence in monetary policies between the U.S. and Japan has weakened the JPY against the USD. These factors have collectively increased the USD/JPY exchange rate due to the monetary policy and economic conditions favoring the USD. 📊 Previous Analysis Review: In our previous analysis, we identified potential future targets using Fibonacci retracement levels, predicting movements if the critical resistance at 151.802 was breached. The Bank of Japan focused heavily on this level. After breaking it, as predicted, we saw the JPY weaken and the USD strengthen. Chart Analysis 🕒 Monthly Time Frame Analysis: After about 20 years, we’ve returned to these levels, reaching the multi-year resistance box, signaling a strong bullish trend recently. Additionally, the RSI on the weekly time frame is at a crucial point. If it breaks 70.12 and enters the overbought zone, we could continue our upward movement, potentially breaking the resistance box. The last time we entered the overbought zone was in March 2022, leading to a strong bullish trend, so it might happen again. The monthly candle is very strong, indicating buyer strength, with the lower shadow showing that sellers tried to bring the price down, but buyers took control with greater force. 🕛 Weekly Time Frame Analysis: Contrary to most currency pairs, we see a strong upward movement in the JPY pairs, with the JPY weakening significantly across all JPY pairs. We also have a parabolic curve line indicating a bullish nature, as each bounce off this line has led to an upward movement. Given the proximity to the resistance box, a potential reaction is likely. After breaking this curve line or confirming the trigger at 151.845, we could enter a mid-term bearish phase. 📅 Daily Time Frame Analysis: The weekly curve line is clearer and more valid in the daily time frame. Breaking it might indicate the end of the bullish trend, and we could see fluctuations within the 151.845 to 158.607 box. The daily resistance at 158.607 is from years ago, with only one historical touch, making it less relevant. We focus on recent points of contact and plan positions after breaking it. The candle sizes are bothersome, suggesting a potential new movement start, similar to how decreasing volume in crypto indicates a new trend. Today's daily candle is strong, potentially offering a position opportunity. 🔄 Future Resistance Levels: Given the absence of immediate resistances and old data, we consider future spaces based on Fibonacci levels: If we break 158.451, we face resistance at 160.611, 162.749, and 165.842. ⏰ Four-Hour Time Frame Analysis: The candle closed above our resistance, allowing us to start moving, whether now or during the U.S. session. Stay alert and ensure you have a position. 📈 Long Position Strategy: I entered at the one-hour time frame, waiting for targets. Use the four-hour candle to position yourself. The position was opened with a stop loss at the previous low, given the buyer strength in the candle. 📉 Short Position Strategy: More logical short opportunities exist in other currency pairs like FX:EURCAD , FX:NZDCAD , and FX:NZDUSD . Avoid shorting FX:USDJPY for now but consider a low-risk position if the trend line breaks. 🔄 JPY Pair Movements: One insight I’ve learned recently is using USDJPY resistance breaks to trigger movements in other JPY pairs. For example, if you miss a USDJPY position, consider FX:GBPJPY after breaking 201.200 or FX:NZDJPY after breaking 97.158. 🔑 Support and Resistance Levels: Support Levels: 151.896 , 146.336 , 141.633 Resistance Levels: 160.611 , 162.749 , 165.842 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA3376
EURAUD testing key trendlineIdea No : 13 10 out of last 12 ideas were successful and 2 still running, let's talk about 13th EURAUD is testing a key trendline support and we have another one just below it in case of a break so expect a bounce from these trendlines and any bounce should follow our green arrow let's see...Longby myself4672
DeGRAM | USDCHF returning to the channelUSDCHF is moving above the descending channel between the trend lines. The chart has reached the upper trend line and 50% retracement level of the bearish momentum. The price is moving near the resistance level, which has already acted as a reversal point several times. We expect a pullback after a retest of the current level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM3313
EURGBP is BullishA matured bullish divergence seems to be playing out, as the price has printed first higher high and is currently defining a higher low. If bulls manage to break previous higher high, it could potentially trigger a bullish rally. Targets are mentioned on the chart. Longby Fahad-Rafique112
GBPCHF - 500 Pips Drop is Coming Since the start of the year, GBPCHF has been on an uptrend after finding support at 1.06, with the pair climbing approximately 1500 pips. Observing the monthly chart, there are five consecutive green candles, indicating a strong upward momentum. However, the pair is now encountering significant resistance at 1.17. I plan to wait for the price to reach this level before taking a short position. My target is set at 1.12. Please, be patient with this trade. Patience is golden! Shortby Integrity_GoldFXUpdated 117
GBPUSD PREPARE FOR A BIG DROPManage SL during news time, intraday trade tp and sl mentioned not a financial adviceShortby ArehmanB3
FULL MARGIN SHORT ON AUDUSDManage SL during news time, intraday trade tp and sl mentioned not a financial adviceShortby ArehmanB1
EUR/NZD For Bearish after finish pull-back waveyou can go short now and take any target - General Trend is Down - Price finish for creating lower high at red arrow have fun :)Shortby maxbayne220
GBPUSD 160 Pips Sell setup!! Must Watch!!Based on our technical analysis we are seeing massive rejection on the weekly timeframe We see price has changed structure after the rejection and breaking the trendline, we had a nice pull back to 38.2 fib level and its In confluence with trendline as resistance Please manager your risk!! Follow me for more analysisShortby ShinForex11
EURGBP sell opportunity EURGBP is now at resistance area and its time to sell this pair with 1:2 Risk. Risk only 1% from your capital for this trade. Good luck . !!Shortby realsupplydemandUpdated 2
Trade idea - GBPCHF Short4H Corrective approach towards entry zone. -27 Fibonacci completion aligning with entry zone. = Sell limit set. 1% risk. Longby FXKjellUpdated 2