AlgoTradingGroup

AlgoTradingGroup Updated 

Good afternoon traders, GBPUSD declined in price abit earlier than we expected in our previous analysis. We are looking at the buy area now No buy limits set. Just observing and acting according. This is just a vision so do not set buy limits We will update below as market moves

AlgoTradingGroup

Good afternoon traders, Our previous GBPUSD buy trades got taken out at breakeven as you saw from our previous post. For those who booked partails, well done. We closed at 2.00% return in our Live Trade Copy Account. Looking at GBPUSD now, we dont see any buy opportunities as it has broken previous weekly/monthly low. Our bias is now bearish on GU. We have set...

AlgoTradingGroup Updated 

Good afternoon traders, If you held the trade of EURUSD we posted from yesterday, it would have hit Target now but unfortunately we got taken out at breakeven. We now see the buy opportunity at the area marked. No buy limits set. Just observing and acting according to how price moves at the area

AlgoTradingGroup

Good morning again traders, As we expect EURUSD and GBPUSD to take out buy stops before we can sell them, we see the similar pattern in DXY but other way. As you can see DXY is approaching Sell stops where the liquidity $$ lies. As DXY does that, we can expect GBPUSD and EURUSD to take out buy stops as you can see from our previous 2 analysis we posted today. We...

AlgoTradingGroup

Good morning traders, Our GBPUSD trade yesterday hit breakeven. Today moring we look at GBPUSD and noticed that volume and momentum is still in favour of buy. Therefore alike EURUSD idea, we will wait for GBPUSD to take out buy stops before we enter sell Will keep you all posted as price moves. No limits set yet. Only alerts set at buy stop horizontal...

AlgoTradingGroup

Good morning traders,, Yesterday's ERUUSD trade was closed at 0.90% and then hit breakeven. Today morning we see that volume and momentum is still in favour of buy. Therefore we are now waiting for EURUSD to take our Buy Stops $$ and then we may look to enter sell. We also noticed that a diveregence in EURUSD with DXY index. No limits placed yet. Alert set at...

AlgoTradingGroup Updated 

Good afternoon again everyone, Similar to GBPUSD, we see that EURUSD has thouched premium pricing sell area. However, a like GBPUSD, it did not take out previous high. Therefore we are leaving a bit of room for SL in this trade as you can see We also noticed a divergence with RSI in this pair too Will see how it plays out and keep everyone posted Any...

AlgoTradingGroup Updated 

Good afternoon traders,, Wish everyone a good week ahead GBPUSD has switched to Bullish momentum last week. The opening yesterday left a gap which we can expect to be closed sooner or later We see a good sell opportunity in GBPUSD now as it took our previous low and there is divergence in RSI too lets see how the GBPUSD moves. We will keep you all posted...

AlgoTradingGroup Updated 

Good moring traders, Normally we trade EURUSD but looking at GBPUSD chart, we found something interested that we would like to share with everyone. Firstly, notice how price liquidated the previous low on Daily and weekly chart and then started rising with increased volume, suggesting that many traders trapped at the bottom and banks are temporarily buying...

AlgoTradingGroup Updated 

Good morning traders, This morning we come to EURUSD we see that previous low has been liquididated and price started rising with the increased volume. We are looking to buy at the marked area in the chart. However we are not setting the limits just yet. Waiting for more confirmation before we enter Any questions, let us know in the comments

AlgoTradingGroup Updated 

Good morning traders, Firstly, we wish everyone a happy and profitable trading week ahead. We come back to EURUSD chart this morning that last week on Friday, EURUSD surprisingly declined in price as DXY rose up. We see this as liquidity sweep by banks before price decides to carry on further up. Reason why we think its liquidity sweep? - Notice volume as price...

AlgoTradingGroup Updated 

Good morning traders, Today morning we come to our desk, we noticed EURUSD took the NFT sweep low from 2 weeks ago while DXY is reluctant to take the NFP sweep high. This tells us that there was still some liquidity left for EURUSD to take on the downside before price can be bullish again. We see a good opportunity to buy EURUSD at the current price with the...

AlgoTradingGroup Updated 

Good afternoon traders, Our previous trade was unlucky. However 4 trades before that we posted in tradingview were successful, so we are happy to accept -1% loss As you can see that the last buy trade had run through our stop, turning demand into the supply. We now found another buy opportunity in EURUSD as it took the liquidity on the left while DXY didnt take...

AlgoTradingGroup Updated 

Good afternoon traders, Last 2-3 trades we posted in our tradingview, successfully hit our target. However, one of them we got taken out at breakeven before it hit our target. Today we see an opportunity to buy EURUSD at area around 1.02629 with stop around 1.02400. Reason why we are buying here is that we see a clearly liquidity as marked in the chart, waiting...

AlgoTradingGroup Updated 

Good morning traders, Again, our recent idea posted in tradingview last week moved exactly how we anticipated and TP hit. This morning, we come back to our trading floor after taking 1 week break as few of our traders got diagnosed with Covid-19 positive. Moving on to the charts, what we see is the correlation between EURUSD and DXY. Notice how during NFT, USD...

AlgoTradingGroup Updated 

Good morning traders, Our yesterday's idea played well as we saw EURUSD price declining after taking the strong high liquidity. Those who entered, well done! Today, we come to the chart and realise that EURUSD has left some fair value gap yesterday which needs to be filled in future. We expect price to fill the FVG and then carry on declining. Therefore our...

AlgoTradingGroup

Good afternoon traders, Wish everyone a great start of this week. Today we come back to the EURUSD chart, we see that our previous buy idea on EURUSD posted in tradingview was successful. We weren't expecting strong high liquidity to be taken so soon within a week but it happened. So now we see EURUSD as bearish as it took strong high liquidity and also...

AlgoTradingGroup Updated 

Hi again traders, As mentioned in our EURUSD analysis posted few minutes ago, price is likely to go for EQLs liqudity $$ We forgot to mention that EURUSD bigger picture looks bullish especially after EURUSD rate hit 1.00 last week. We expect a market shakedown / liqudity sweep of the EQLs and then price to carry on bullish depending on how volume and other...