Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
My jornalsit for today
- i will understanding more about orderflow, dont spending alot of time on LTF, it give bilnd trade.
- i will follow my risk management, risk 1% per trade, target 1:2 minimun and 2 trade a day.
- i will lets trade play out, win or loss or BE lets it play out.
Homework for today
- EOD
- understanding more about system, by study video...
This is for educational purpose only. this is a concept to support the dily bias and intraday market delivery.
on the daily i'm looking for eur to go higher and DXY to go lower
Hello everyone and happy new year!
I have put into this video some macro key points that i think will impact the market in this quarter. Obviously its good to have a safe approach on the markets and take it easy.
From a seasonal point of view the dollar is very strong in January. Usually it bottoms mid-end January and then shoots higher till end of March.
*if...
Hey Traders,
Recent PPI data in the US has tentatively moved markets before all gains being reversed.
Anticipation now pulls towards the FED meeting tonight and FOMC conference after.
Here's what to look for.
ASCENDING TRIANGLE:
Identify the levels where the price has often closed and opened (black line).
The price is making higher and higher lows.
Draw a bullish diagonal.
Take Profit is calculated by plotting the lowest increase on the black line (see graph).
Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time...
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
In the current market scenario, there's a keen interest in the EUR/USD pair as it exhibits a potential bearish move. The price trajectory is notably approaching the crucial 1.07 level, following the formation of a distinctive right shoulder pattern.
Traders and analysts are closely monitoring this pair, anticipating and analyzing any forthcoming downside...
The Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.10060 which is an overlap support.
Stop loss is at 1.09150 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 1.11293 which is a pullback resistance.
High Risk...
Helo students and traders.
Here is a quick top down analysis on the EURUSD.
By way of summary, we have come to the realisation that this pair is Bearish on the Monthly, Bearish on the Weekly, Bullish on the Daily and 4 hour, while holding a clear bearish perspective on the 1 hour time frame.
Because we believe in trading the smaller timeframe in the direction of...
Backtesting EU. PART II is coming, wit for it.
I Trade chart patterns and nature.
Backtesting teaches you how to trade morethan any course you would ever study. Always backtest.
EUR/USD Short
• If price impulses back down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan...
