Forexforbeginners

Forexforbeginners

Good morning traders, Todayi am looking at shorts on NZDUSD. We are in a daily bearish channel showing that overall the dollar is stronger, although within that we have this smaller timeframe bullish channel. We have noticed a rejection of making new highs on the 4hr TF showing that price should see some reaction back to the downside. I do have some areas in...

Forexforbeginners

Good morning traders, Another pair for next week and another pair i was trading Friday. I still think this pair has the chance to come back up to this support level. I have marked out reasons for this structure point and hopefully it is very clear why it is an interesting area. Support clearly formed along both these areas, so this trade is based simply off...

Forexforbeginners

Good morning traders, As always on the weekend it is good to get some pairs lined up ready for the next week. I posted earlier in the week regarding cable and my outlook is still the same. I did take a short term long position off the retest of structure yesterday, shame it was coming into the end of the week as i would of liked too of held GU to target but we...

Forexforbeginners

Good afternoon traders! If you look at my overall outlook on GBPUSD then you will see that my outlook is bearish and i do expect this pair to move towards the downside. However, my levels before looking at shorts are a bit higher so we have snuck into the 1hr timeframe and found a nice level to trade from. GBPUSD - higher timframes is making higher highs and...

Forexforbeginners

GBPUSD - Good evening traders, some analysis to mull over for cable. So we have a nice bullish channel which since the £ has been increasing in it's value should see this pair continue up in the long run, but as we all know the market doesn't just go up and up and up we have bearish movements too which looking at previous price action we should see some bearish...

Forexforbeginners

Lovely trade and setup on EA today. Structure area coming up below so we are keeping an eye on that but if price breaks and continues down then we could be on for a nice trade today.

Forexforbeginners

Here we have a nice setup on GBPUSD. Price has come up to a nice bearish trend line along with a 4hr structure along with a looking like it is rejecting the 61.80% fib. So what do we have, we have 3 confluences. Trendline, Structure and the fib. Now as I say in most of my Sunday posts I'm going to wait for the Monday London session to look at getting in to some...

Forexforbeginners

GBPCHF - this pairing has been madness over the last week. Last Sunday I anticipated we were going to see some bearish movements on this pair through last week which just didn't happen it was up and down and just fighting between these to structures. I'm staying away from this pair until we see a clear break, by that I want to see this pair drop below this...

Forexforbeginners

NZDCHF - 15min chart.... so as per my previous post, I expect price to continue down from this structure level. We need to wait for confirmation and will only execute the trade come London open. I will not open a trade late a night and especially not straight from market re-open. Spreads are huge and the markets need time to readjust so bare that in mind when...

Forexforbeginners

NZDCHF - lovely looking setup for next week on NZDCHF - I will send in a further post on a smaller TF to show more but on the higher TF we can clearly see a nice bullish channel upon us. Price has come to a nice level of structure off the previous time price was at this level and dropped. I'm looking to see price make a bearish move to show that the bears are...

Forexforbeginners

Time for some selling action on GU. Price pushed up and met nicely. Let's see how we play out.

Forexforbeginners Updated 

There is a nice clear structure we are at now. You can clearly see where price has rejected here so if we break this then there could be oppurtunities to add into the trade.

Forexforbeginners

Expecting a pull back to this area of structure which matches up nicely with the 50% fib so we should see some nice selling action from around this area.

Forexforbeginners

EURUSD has broke out of a nice structure zone, we shorted on the retest of the structure and running nicely in profit.

Forexforbeginners

Follow on from yesterdays succesful trade. We can see a continuation on AUDUSD. I have 2 levels of interest for the TP. First being the previous low at 0.62291 and one a bit further down which was the previous low before that. I'll see how price reacts to the first low and consider taking the full profit there.

Forexforbeginners

In what has been a bit of a wild, weird week in the markets. I'm taking out a trade for the first time in 3 days... because i'm scared? no. because price hasnt been meeting my plan, so many moves happening with politics involved it's sometimes better to sit and watch than just jump in and gamble. So, a small RR on this one but my entry plan has been met,...

Forexforbeginners

If we can get a nice bearish engulfing on AU then i'll be lookinng to enter swlls on this pair. Nice 1hr strucute. AUDUSD is bearish at the moment on all timeframes it's just waiting for the position to present itself to enter.

Forexforbeginners

EU is looking strong for sells. I'd like to see a break of this structure we are currently sat in before placing orders. WAIT FOR CONFIRMATION - most important thing to do is be patient and wait for price action to confirm what you want it to do.