Setup for today. Oversold conditions. Once news drops we should expect a sweep of the lows at 20,115 grabbing sell-side liquidity then expecting the price to shoot up to fill the daily gap that was made at the start of the new trading day. This is in line with the continuation of the upward hourly trend which will grab buy-side liquidity. Beware of potential new...
Currently, the price is forming a descending triangle pattern. I expect it to take liquidity at the 1.07100 level before making another higher low. My focus is on the 1.07350 level as a potential entry point for short positions. Given that the price is down across all timeframes, I am not considering long positions at this moment. If the price breaks the daily...
My forecast for this week. The dollar remains bearish until economic data improves. EUR/USD remains in an uptrend. Waiting for a EUR/USD Retracement before taking a long position.
Market Analysis: GBPUSD has been trading in a downward trend over the past few weeks. Recent economic data releases have shown signs of weakness in the UK economy, including lower-than-expected GDP growth and concerns over inflationary pressures. Additionally, uncertainty surrounding Brexit negotiations and political developments continues to weigh on the pound's...
DXY Head and Shoulder Pattern 4H Possible formation of a head and shoulders pattern on the 4H timeframe. Pattern is a reversal pattern, could possibly break the 4H trendline to continue the daily timeframe downtrend. Would be looking for shorts from the 50% to 61.8% Fib levels. Further confluence is the RSI showing now entering overbought levels on the 4H...
16-01-2024 US100 / NASDAQ - LONG 17000 IDEA Pull back during london session then us session to reach new highs. Aiming for 17000. Waiting for support leave to be found on 15 minute timeframe before taking long position.
CAPITALCOM:US100 - LONG OPPORTUNITY / BREAKOUT Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq. Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new...
EUR/USD Breakout idea. 15-minute timeframe. 1:2 risk reward. Overall, the higher time frame shows an uptrend. All technical aligns with the continued trend.
USD/CHF SELL OPPORTUNITY 1% risk. 1:3 risk reward ratio.
Gbp/Usd Broke A Short-Term Up Trend And Re-Test Swing Trade Opportunity. 1:3 Risk Reward Ratio. Stop Loss Above Previous Highs. Targeting The Next Level Of Downward Resistance. Like If You Agree.
US30 PULL BACK SHORT TERM Like and comment if you agree.
GBP/USD 11/08/2022 IDEA - SHORT Within 50 and 61.8 fib retracement. Overall higher time frame trend is downwards. Like if you agree with the analysis.
EUR/USD SHORT: Signs of rejection of resistance for 3rd time. Possible retest of support before continuing towards short term target of 1.07000 and 2020 lows. No entry until test of support. Too close to daily bottom trend line in a sellers market. If a retest of support look for a sell entry targeting previous low for a 1% risk trade. If you agree with my...
Long: Strong uptrend on the higher timeframe and respecting the 4 hourly uptrend support line. Pushing towards the previous high. If the high is broken, wait for the retest of the previous high as support on the 15-minute time frame and enter long. Risk 1-2% / Risk Reward Ratio 1:4. Stop-loss and TP as shown. Remember to like and follow if you agree with the idea.
Long: USD/JPY just broke the previous weekly demand level with a strong 1 hourly bullish candle. The new support level for the further uptrend to break the previous high. Retested on a lower 15-minute time frame. Entry confirmed. Risk 1-2% / Reward Ratio 1:3. If you agree with my idea, please remember to like and follow.
SHORT - Price Action Looking to rest the previous low then continue the downtrend. Wait for a bearish close on 30 mins timeframe at the previous low. If no bearish candle pattern is formed. Wait for a retest of the previous support zone. Risk 1% - Ratio 1:3 / 1:4 Dont forget to follow and like if you agree.
Short trade: Failed to make a new higher high. Downtrend continues. Looking to test the previous low. Could break lows and continue lower or retest the previous low forming a narrow triangle. 76% of Retailer Traders are long. Continue shorting. Risk 1% / Current Reward Ratio on the post would be a 1:1. Let me know what you think of the idea in the comments....
(LONG BUY) TP $2,000 3% Risk 2:1 Risk Reward Ratio Let me know what you think.