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GER 40 Trade Log GER40 4H Long Setup Trade Idea: - Long in the 4H FVG post-CPI wick grab, following a potential exhaustion of the ongoing short setup. Confluence: - FVG Zone: Price retraces into the 4H Fair Value Gap, providing a strong discounted entry point. - Liquidity Grab: CPI wick likely cleared liquidity below, setting the stage for a bullish reversal. - Dynamic Support: 4H Kijun aligns with FVG, reinforcing the zone as a high-probability support. Risk-Reward: - Tight stop-loss below the 4H FVG. - Targeting 1:2+ RRR with initial profit-taking at 20,400 and extended targets toward 20,500 . Quick Take: If CPI triggers downside liquidity sweep, this setup offers a clean bullish reversal opportunity. Watch for confirmation before entry!
PEPPERSTONE:GER40Long
by Fondera
The History of Forex Trading: How It All Began Ever wondered how forex trading became the massive, 24/5 global market we know today? Here’s a quick look at its fascinating journey: 1️⃣ The Gold Standard Era (1870s–1930s) Forex trading originated when countries began linking their currencies to gold. This system created fixed exchange rates but collapsed during the Great Depression due to economic instability. 2️⃣ Bretton Woods Agreement (1944–1971) After World War II, nations agreed to peg their currencies to the US Dollar, which was backed by gold. This made the USD the world’s reserve currency and gave rise to modern foreign exchange systems. 3️⃣ Floating Exchange Rates (1971–Present) When the Bretton Woods system ended, currencies began to "float," meaning their values were determined by supply and demand in the market. This shift created today’s forex market, where traders speculate on fluctuating currency prices. 4️⃣ The Rise of Retail Forex (1990s–2000s) The advent of the internet and trading platforms like MetaTrader brought forex to individual traders. What was once reserved for banks and institutions became accessible to anyone with an internet connection. 5️⃣ Today’s $7.5 Trillion Market (2020s) Now, forex is the largest financial market in the world, with $7.5 trillion traded daily. Traders from every corner of the globe participate, using advanced tools and strategies to navigate this dynamic market. Forex has come a long way, and we’re part of its exciting evolution. What do you think the future holds for forex trading? AI tools? Crypto integration? Let me know in the comments!
by Safaric
Large speculators are aggressively taking profitsLarge speculators are aggressively taking profits, which raises an important question: How will the price react? There are two likely scenarios: The short sentiment remains dominant, but profit-taking could trigger a short-term bullish run as positions are closed and the market reacts. Speculators could shift their stance, but will they go fully long? At this point, we just don’t know. If stronger data emerges to support our thesis by Friday, next week could set up for a promising outlook. Staying flexible and prepared for either scenario will be key.
Long
by OssianH
Nasdaq Monthly Analysis - Possible Measured Move CorrectionThere may be a lot of choppy price action at the top of this trading range until price definitively starts to trend down to facilitate the correction or break out to make new highs. The reason for speculation that Nasdaq may be due for a correction is based on the current impulsive wave's similarity to the previous impulsive wave in both price and time. If the current impulsive wave has reached exhaustion it will be an approximate measured move of the previous impulsive wave with increase factors of: 1.022 increase in price range (10,365÷10,142) 1.046 increase in days to climax (637÷609) If the upcoming correction is also a measured move of the previous correction, using the calculated increase factors, the correction should be projected to occur over approximately 340 days (325×1.046) and decline by approximately 6,483 Points (6,344×1.022). This would bring price to 14,309 (20,792-6,483) around the date of June 16, 2025, which would also bring price back to the trend line. The projected correction, based the listed calculations, may retrace 77 Points below the 61.8% level (14,386-14,309). It is also worth mentioning that the previous correction retraced 76 Points below the 61.8% level (10,503-10,427). This difference in retracement below 61.8% is a factor increase of 1.013 (77÷76). On the monthly timeframe, technical indicators such as Stochastic and RSI show price as overbought.
OANDA:NAS100USD
by MartialChartsFX
6
Brent Oil Resistance Rejection IdeaDescription: Brent oil is approaching a key resistance level. This level previously acted as support, but after being broken, it has now turned into resistance. If the price revisits this area, there’s a high probability of rejection based on past price action. Trade Idea: Watch for the price to approach the resistance level. If there are signs of rejection (e.g., bearish candlestick patterns or declining momentum), this could be a good opportunity for a short position. Set a stop-loss slightly above the resistance level in case the price breaks through. Potential target: Previous support level.
BLACKBULL:BRENTShort
by rebenga93
Gold Breakout and Retest StrategyRecent Breakout: Gold has already broken through a strong resistance level and moved significantly higher. Pullback Scenario: Now, I’m watching for a potential pullback where the price could retest the new support level, which was the previous resistance. Bounce Opportunity: If the price successfully retests and holds the new support, we could see a bounce, providing a good entry point for a long position. Confirmation: Wait for signs of bullish momentum or candlestick patterns (e.g., bullish engulfing, hammer) at the support level to confirm the bounce before entering the trade. Risk Management: A stop-loss can be placed just below the new support to protect against a failed retest or further decline.
TVC:GOLDLong
by rebenga93
BTCUSD Daily Outlook - 2024/09/14General Overview: Ichimoku Cloud (Kumo): Across all timeframes, the Ichimoku Cloud shows a bearish sentiment, especially in the smaller timeframes (M1 to H1), with price action predominantly below the cloud. However, as you move into higher timeframes like H4 and W1, the price approaches the cloud, suggesting a potential medium-term bullish reversal or a phase of consolidation. The bearish cloud (Kumo) remains thick, indicating strong resistance overhead in many cases, especially on shorter timeframes. MACD: In most timeframes (especially up to H4), the MACD lines show consistent downward momentum with histogram bars extending into negative territory, signaling bearish momentum. However, in the larger timeframes (D1, W1), there is a slight flattening of the MACD, which could indicate that the selling pressure is slowing, and a reversal might be on the horizon. ADX and DMI: ADX levels across timeframes are showing mixed signals. In the shorter timeframes (M1 to M30), ADX shows moderate trend strength, suggesting short-term volatility. The longer timeframes (H1 and beyond) show weakening trend strength, as indicated by a declining ADX, pointing towards a lack of a clear strong directional movement and a potential transition phase. ATR (Average True Range): ATR values show increased volatility, particularly in the higher timeframes. This suggests that while there may be lower volatility in the shorter timeframes (M1 to M15), there is overall heightened market volatility, which could lead to larger price swings in the coming periods. RVI (Relative Vigor Index): The RVI is signaling bearish momentum across the board, with values remaining negative. This further aligns with the downward price action seen in the charts. Any potential bullish divergence should be closely monitored in the higher timeframes like H4 or D1. Key Support and Resistance Levels: Support: 59300-59500 USD: This is a significant near-term support level observed across multiple timeframes, particularly in the M15 to H4 charts. A break below this level could lead to a retest of the lower support around 58500-58800 USD. 55000-55500 USD: In the longer timeframes (H4 and D1), this area represents a major historical support zone. If the bearish momentum persists and breaks through the near-term supports, this level could be revisited. Resistance: 60500-61000 USD: This region represents a strong resistance, particularly in the H1 to H4 charts. There are several rejections from this area, and the thick bearish Ichimoku cloud adds to the resistance strength. 62000-62500 USD: In the higher timeframes (D1, W1), this level acts as a critical long-term resistance, and breaking this could signal the beginning of a more sustained uptrend. Market Sentiment: The overall market sentiment appears to be cautiously bearish with potential for consolidation or reversal in the mid to long term. The bearish trend is clearly dominant in the smaller timeframes, but in the longer timeframes, the indicators suggest that the bearish momentum could be losing steam. Any strong catalyst could lead to a breakout, either to the downside or upside, depending on whether key support or resistance levels are broken. Conclusion: Short-Term (M1 to H1): The market remains bearish, with limited bullish sentiment. A break below 59300 could lead to further downside. Mid to Long-Term (H4 to W1): The bearish momentum is slowing down, and a consolidation or bullish reversal is possible if price breaks through the 60500-61000 resistance. Traders should watch closely for signs of trend reversals or confirmation of a continued downtrend.
BITSTAMP:BTCUSDShort
by williamwklee
Gold Price Analysis: Watching Resistance and Support ZonesGold is currently trading between a strong resistance zone, where we’ve seen multiple rejections, and a key support level. The price has been bouncing between these areas. If we see the price drop back to the smaller support, there’s potential for a bounce. It will be crucial to observe how buyers respond at this level to determine the next move. If buyers show strength, a rebound could occur; otherwise, we might see further declines. Monitoring price action at these critical levels will be key for future trades.
TVC:GOLD
by rebenga93
BTCUSD Daily Outlook - 2024/09/11Trend Analysis: Ichimoku Cloud: The price action is frequently interacting with the Ichimoku cloud, indicating periods of consolidation, as well as potential trend reversals. In shorter timeframes, the price is often within or below the cloud, signaling bearish tendencies, while longer timeframes (D1, W1) show some potential support from the cloud. RSI (Relative Strength Index): RSI values across multiple timeframes are mixed but largely show the asset in a neutral or slightly oversold state. The lower timeframes (M1, M5) are nearing oversold regions, which might suggest a short-term buying opportunity. In higher timeframes (H1, H4), the RSI is more neutral but trending towards bearish momentum. MACD (Moving Average Convergence Divergence): The MACD shows bearish momentum across most timeframes. There’s some divergence in longer timeframes indicating slowing bearish pressure, but lower timeframes have stronger bearish signals, suggesting potential short-term downside. ADX (Average Directional Index): The ADX values vary, but the lower timeframes show increasing directional strength. This suggests that while the trend is not decisively strong in higher timeframes, lower timeframes show more pronounced trend movement, likely bearish. ATR (Average True Range): Volatility is evident across the charts, especially in the shorter timeframes. Higher ATR values in the larger timeframes show that the asset is experiencing wider price swings, which suggests that any reversal or continuation in trend may happen with significant volatility. Key Support and Resistance Levels: Support Levels: Short-Term: Around $56,400–$57,000 as shown by price bouncing off this level multiple times across different timeframes. Medium-Term: $55,200–$55,500, which is more apparent in the higher timeframes like H4 and D1. Long-Term: $52,000–$53,500, evident from the weekly chart (W1), which shows this level as a historical support zone. Resistance Levels: Short-Term: $57,800–$58,200 is a notable short-term resistance level that BTC/USD has struggled to break above in smaller timeframes. Medium-Term: $58,900–$59,100 shows as a significant barrier on the daily (D1) and H4 charts. Long-Term: $60,000+ could act as a psychological barrier as well as technical resistance seen from past movements on higher timeframes (W1). Conclusion: BTC/USD is currently facing downward pressure across multiple timeframes, but short-term oversold conditions could present a rebound opportunity. It’s crucial to watch the support levels around $56,400 for short-term moves and $55,200 for medium-term market dynamics. Bearish momentum might persist unless there is a clear break above the resistance levels in the $58,200–$58,900 range. Any upward breakout could see BTC attempting to challenge the $60,000 mark in the longer term.
BITSTAMP:BTCUSD
by williamwklee
4
Understanding Volume Oscillator and Its RoleUnderstanding Volume Oscillator and Its Role in Technical Analysis Navigating the complex terrain of trading requires a grasp of various technical analysis tools. One such tool is the Volume Oscillator, a potent indicator that offers insight into market trends and their strength. This article provides a comprehensive look at this tool, its interpretation, principles, and limitations. What Is the Volume Oscillator? The Volume Oscillator is a vital tool in technical analysis, utilising two moving averages of trading volume to generate signals about the strength and weaknesses of trends. Unlike price oscillators which focus primarily on the direction and momentum of price movements, this tool delves into the undercurrents of the market. Volume, in the context of financial markets, is the number of asset units traded during a given period. As such, it is a measure of market activity. So what does a Volume Oscillator do? This indicator goes a step further by comparing short-term and long-term buying and selling activity flow to help traders identify potential reversals, breakouts, and other market events. However, it's important to note that this tool doesn't signify bullish or bearish behaviour but rather indicates whether a move has supporting volume. Calculating the Volume Oscillator Technical Indicator The calculation of the Volume Oscillator is straightforward. It begins with selecting two lengths of moving averages, often referred to as the short and long periods. The default Volume Oscillator settings used are 5 and 20, but these can be adjusted as per your trading needs. The indicator is then calculated using the formula: * 100. This calculation produces a percentage that oscillates above and below zero. If you’d like to practise your Volume Oscillator skills, you can use FXOpen’s free TickTrader platform to get started within minutes. Principles of Volume Analysis The principles of volume analysis are integral to understanding and interpreting this indicator. These principles encompass two primary signals: signs of strength and signs of weakness in the prevailing trend. A sign of strength is identified when the price of an asset moves concurrently with a rise in buying or selling activity. This suggests that the prevailing price movement – whether upwards or downwards – has solid support from traders, leading to a stronger confirmation. Hence, when the fast volume moving average is above the slow volume moving average, the indicator is above the zero line, indicating a stronger market direction. Conversely, a sign of weakness is indicated when the price movement is not supported by strong activity. This means that the price is increasing or decreasing while trading activity is declining. In such a case, the Volume Oscillator is below the zero line, implying a potential lack of conviction in the current price direction, thereby signalling a potential reversal or slowdown. Volume Oscillator Interpretation This tool’s interpretation is primarily based on its trend direction in relation to the zero line. When trending upward and above the zero line, it indicates growing conviction in the current price movement, whatever its direction. Conversely, a downward trend above the zero line suggests diminishing confidence in the ongoing price action. Below the zero line, an upward trend in the oscillator points to a potential shift in momentum, indicating that the conviction in the current price direction might be returning, while a downward trend implies that the uncertainty in the market's direction is intensifying. It can also provide divergence signals, which occur when its direction deviates from the price movement direction. For instance, if prices reach new highs while the indicator fails to achieve new highs, it may suggest a weakening upward price trend, potentially heralding a downturn. Conversely, if prices hit new lows and the tool does not follow suit, it could be a sign of an impending upward reversal. Limitations Despite its usefulness, this indicator is not infallible and has certain limitations. Primarily, it may produce false signals in periods of low trading activity or in thinly traded assets where the market participation data can be sporadic. Moreover, while it is excellent at confirming price movements, it may be less effective at predicting reversals, particularly in highly volatile markets. The Bottom Line By gauging the intensity behind trends, the Volume Oscillator adds a depth dimension to market analysis. While it has its limitations, its ability to identify the strength of price movements and potential reversals makes it a beneficial part of any trader's toolkit. If you would like to put your Volume Oscillator knowledge into action, you can open an FXOpen account. Once you do, you will access lightning-fast execution speed and competitive trading costs. Happy trading! 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.
Education
by FXOpen
1
U.S. Futures Plunge on Recession Fears (USNAS100)U.S. Futures Plunge Nearly 4% Amid Recession Fears and Global Market Sell-Off 1. Nasdaq Technical Analysis: Last week, the Nasdaq saw a decline of approximately 10.5% due to investor fears of a recession and geopolitical tensions. Outlook: The bearish trend is expected to continue towards 17,360 and 17,020 as long as the price remains below 17,875. Bullish Scenario: A reversal is anticipated if the price rises above 17,875 and closes a 4-hour candle above this level, targeting 18,150 and 18,430. Bearish Scenario: If the price trades below 17,775, it is likely to drop to 17,360 and 17,000, potentially breaking 16,990 to reach as low as 16,420. Key Levels: - Pivot Line: 17750 - Resistance Levels: 17870, 18140, 18430 - Support Levels: 17370, 17050, 16500 Today's Expected Range: The price is anticipated to fluctuate between the support at 16,990 and the resistance at 17,880. -------- 2. U.S. Futures Plunge as Recession Fears Grip Investors U.S. stock index futures tumbled on Monday, with Nasdaq futures falling nearly 4%, as recession fears spread through global markets. The stock markets across Asia and Europe experienced significant declines, and bond yields fell as investors flocked to safe-haven assets. Many are betting that the U.S. Federal Reserve will need to cut interest rates quickly to stimulate growth. All megacap and growth stocks, which had been the main drivers of the indexes reaching record highs earlier this year, dropped sharply in premarket trading. -------- Previous idea:
OANDA:NAS100USDShort
by SroshMayi