So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...
Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
GBPUSD Catherine Mann is one such critic pointing towards the fact that the UK has stronger wage growth data than both the US and EU and to align rate cut expectations with these two nations is not accurately
BTCUSD strong high Market risk Please makes yourself trades cautiously Bitcoin is a volatiles assets and around the clock trading provides constant opportunities for both big gains and significantly losses
BTCUSD the zone should be pivotal today That means two consecutively hourly closes below that zone could be a good short trade entry signal targeting the On the other hands if the zone
USDJPY seemingly routine trades can upset the delicate balance between supply and demands with fewer traders around to absorb buy and sell orders Hence exercising caution is highly recommended for these
GBPUSD The very easy flyi for marketing purposes after mixed statements from two Federal Reserve officials In a note Raphael Bostic argued that it was too early to predict that the Fed would deliver three rates cuts
BTCUSD strong bullish Therefore there is a likelihood that Bitcoin will resume the uptrend as the rotation from GBTC to other ETFs continues It will also do well ahead of the upcoming
EURUSD with bulls seemingly determined to challenge trendline resistance the event of a retest buyers will need to fend off the advance otherwise
The dynamics of Bitcoin trading are ever changing and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer For now traders should brace for a potential test of the green support line and...
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
Yesterdays structure...... US30s Monday created a BOS structure from 09:00 until Tuesdays 01:00 of the 4hr timeframe. I was able to setup up a buying position from the 1min and will see if it can trend until Wednesday/Thursday structure. This can be an upcoming trend of the year Ps: As a prop firm trader, I do not have a swing account but I can see it going long
With everything going on, I'm looking to enter at 0.6585 with a stop loss just below the last 4hr candle's low. I do have a target set at 0.6678 giving this trade idea a 5:1 risk-2-reward. Reasons why I like this trade include: 1. Economic Calendar forecasts this week are for negative US data 2. Technically on the 4hr, RSI closed above 50 following a...
KOG REPORT: In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they...
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
KOG REPORT: In last week’s KOG Report we said we would like to see how the market opened and how the lower support regions 1975 and below that 1968 would hold up price. Based on these levels holding we suggested opportunities to long the market to firstly attempt the break of the 2000 level and then the target region of 2015. We gave the order region 1950-55,...
This is bearish potential trade on EURNZD 12 hour timeframe is bearish. A new low was made on Friday. Price can go lower overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 1.77394 Stop loss: 1.74882 You can move stop loss higher if you prefer more room for the trade to...
Hey Everyone, Please see our updated 1h chart levels and targets. We have 1920 Goldturn resistance target open for a test. We will need to see 1920 break and lock to open the range above. We also have the retracement zone between 1910 - 1902 that may require a correctional re-test. We will keep the above in mind when taking buys from dips. Our updated levels...