Bullish NZDCHFAfter a testing a Major Weekly Supply/Demand zone NZD has a had a beautiful bullish candle close out of the consolidation on the 1HR time frame I’m bullish on this pair. Beautiful 0.618 Weekly Fibonacci Retracement. Long for a long time !Longby ParlayProfitsFX4
GBPCHF - Basic Fibo retracementBasic fibo reversal trades based on 2 entries 1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$ 2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$ Total Risk: 200$ Total Profit: 1000$ Total RR 1:5Longby KaracTradeUpdated 3
Bearish drop?Aussie (AUD/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 0.6699 1st Support: 0.6631 1st Resistance: 0.6735 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets10
AUDNZD OUTLOOK: CONTINUATION The previous posts on AUDNZD shows the ideal entry (although in hindsight). This is my expectation for price to continue lower.Shortby L2EarnedUpdated 3314
Potential bullish rise?USD/CHF is currently reacting on the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.8840 1st Support: 0.8793 1st Resistance: 0.8892 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets10
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts: 1. Change of Character (CHoCH) Definition CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal. Identification Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend. Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character. Application Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing. 2. Break of Structure (BOS) Definition BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend. Identification Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS. Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS. Application Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction. 3. Fair Value Gap (FVG) Definition FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders. Identification Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred. Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement. Application Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders. 4. Other Major Parts of the Smart Money Concept Liquidity Pools Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels. Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades. Order Blocks Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement. Identification: These are visible as zones of consolidation on the chart. Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points. Institutional Candles Definition: Large candlesticks that represent significant institutional activity. Identification: These candles are usually much larger than the surrounding ones and often occur at key levels. Application: They signal strong buying or selling interest from institutions, indicating potential future price direction. Stop Hunts Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity. Identification: Sudden, sharp price movements towards obvious stop-loss levels. Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices. Market Cycles Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility. Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor. Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility. Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.Educationby realmillionairefx4
Heading into 50% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot and could reverse to the pullback support. Pivot: 1.2756 1st Support: 1.2654 1st Resistance: 1.2812 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets116
EURUSD bearish ideaThe SL could be placed higher to be safer. Bearish trend, I think is bearish. Good luck!Shortby Sarka13
Bullish continuation to mitigate the extreme supply zone4hr internal structure has shifted to bullish so the expectation of bullish counter pullback continuation to mitigate the extreme supply of the range. but wait for the sign of the counter pullback ending.Longby fxtrends28440
CADJPY sellIt's a very interesting pair and a trade to take, A clear imbalance being filled by a movement of struggle heading to our POI, another thing to keep in mind is the liquidity sitting above the POI. I will personally be taking this sell trade without waiting for confirmation to make great risk to reward..Shortby eswingcharts2
Bullish counter pullback after sweep of Liquidity.Even though we have an indication for counter bullish pullback fractal MSS is often weak and not respected most of the time but since this is in the daily time frame it does hold some weight to it and there will be enough opportunity to trade intraday trades.Longby fxtrends280
Bullish continuationConfluence: Daily = Bullish ( recent expectation counter bearish pullback after the structure break ) 4hr = Bullish bullish cont. from the recent area of demand zone to take out the weak HH. until the LTF bias does not align with the daily bias following the 4-hour structure.Longby fxtrends280
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 0.65820 to 0.65770, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 0.65820 and 0.65770, serving as a low-risk buy. Bullish Targets📈: 0.66000: Possible retracement area. 0.66330: Possible retracement area. 0.66770: Liquidity area. 0.67050: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss8
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 201.250 and 201.500. Things I Have Seen👀: Important Supply Zone🟢: Identified between 201.250 and 201.500, serving as a low-risk sell. Bearish Targets📉: 200.300: Possible retracement area. 199.600: Possible retracement area. 198.150: Possible retracement area. Ultimate Target: 197.150- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Shortby TTradessss13
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Trade Update: GBP/USD We have some great news on our recent GBP/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. Stay tuned for more updates and happy trading! 🚀Longby TTradessss5
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.0653 to 1.0662. Additionally, a low-risk sell zone between 1.0887 to 1.0897, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 1.0887 to 1.0897, serving as a low-risk sell. Important Demand Zone🟢: Identified between 1.0653 to 1.0662, serving as a low-risk buy. Bullish Targets📈: 1.0720: Possible retracement area. 1.0730: Possible retracement area. 1.0760: Possible retracement area. 1.0810: Possible retracement area. 1.0840: Possible retracement area. 1.0887: Significant supply zone. 1.0910: Liquidity area. Bearish Targets📉: 1.0840: Possible retracement area. 1.0810: Possible retracement area. 1.0760: Possible retracement area. 1.0730: Possible retracement area. 1.0720: Possible retracement area. 1.0662: Essential Demand Zone Ultimate Target: 1.0650- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss118
AUDUSD MAY SELL FROM 0.6840-0.6850 ZONE Hi Guys, The reason why most traders loos traders lose more than wining, in my opinion are as follow: 1. Inability to see the bigger picture buy focusing on lower timeframe that has too much noise level. It is usually easy to get a better directional bias from the higher time frame than focusing so much on what the market is doing on the lower time frame that may be so noisy. 2. Lack of improper analysis and doing a proper top down analysis before sticking to a directional bias. 3. Inability to quickly recognize that sometime the market, due to certain fundamental or unforeseen circumstance has changed direction away from their bias and accepting on time that they are may be wrong whilst cutting their losses early. 4. Lack of proper trade management, FOMO (Fear Of Missing Out), improper risk management, greed, over leveraging and overtrading can also make a trader lose a seemingly wining trade. In my AUSUSD analysis/example, I was able to see very clearly on the weekly chart that there is an unmitigated Rejection Block that price is likely to mitigate around 0.6840 - 0.6850 area for a possible strong sell to happen as well as a bullish order block as well as a very tiny Fair value Gap (FVG) that may later be mitigated. In this particular scenario, there are two things that I can do as a trader: 1. Drill down to lower time and look for a possible buy entry that can be used to counter trade to the bigger picture sell zone which is the highlighted rejection zone; or 2. Refine the "REJECTION BLOCK" zone and look for a good sell entry using some chart patterns or institutional reference points within that zone to take a sell entry. In either of these two scenarios, good level of patience is required to make money. I hope you'd all find this interesting. Please do let me know what you think based on market up. For me, I am looking forward to waiting and selling from the rejection zone as my overall bias is a sell in the medium term. Trade safely and apply proper risk management. Regards Shortby Olajireolapoju2
AUDNZD LongMACD moving up, QQE crossed from 30 up, price broke Adaptive Trend Finder, and FLI shows BuyLongby EngiNole0
NZDUSD intraday dips continue to attract buyers.NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 0.6150 will confirm the bullish momentum. The measured move target is 0.6175. We look to Buy at 0.6120 (stop at 0.6100) Our profit targets will be 0.6170 and 0.6175 Resistance: 0.6150 / 0.6170 / 0.6175 Support: 0.6125 / 0.6120 / 0.6100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA6
USDZAR CompletedUpdate on USDZAR Analysis completed Honestly it is what it is at this moment The bears continue Good news for the South African Rand Not so good news for the US Dollarby colefx0
EURJPY is Holding After A Rapid BullishHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20001
CHFJPY Long Term buying Trading IdeaHello Traders In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (CHFJPY market update) 🟢What is The Next Opportunity on CHFJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20003
GBPCAD (20/21-06-2024)Good evening Traders. I hope everyone is having a lovely week! Well let's get to it shall we...AUDCAD has played as anticipated and now we are waiting for GBPCAD to also give us a better entry as we are anticipating a bullish run to a least previous HH. Our bias is very simply, the market is Bullish on HTF and current structure is also bullish so after taking out previous HH and forming a new HH we do expect the market to respect order flow by simply pulling back to discount levels to form a HL then continue with the overall trend. As highlighted on the chart, i am looking for a little bit push mitigating our POI and also our Fib levels before we try to reach for previous swing Highs "Don't forget to remain consistent with your rules and trading plan" Thank YouLongby Ocean98222