On the 1 hour chart, we can see that we have a possible resistance zone around the 1.2571 level where we can also find the confluence with the red 21 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 1.25 support. The buyers, on the other hand, will want to see the price...
In this live trading session video,we look at the three trades that we recently took on the 50k traders challenge account. 2 of them,AUDUSD and GBPUSD got stopped out and we explore why we took them at lower risk. We also look at the 3 key points we need to be aware of when we are going through a drawdown. The concepts and ideas in this video can be cross...
In the short term, the currency pair is less attractive due to the strong appreciation of the USD after the market reduced expectations about the Fed cutting interest rates in policy meetings in June and July. Persistent high US inflation data, and better-than-expected employment, suggest the Fed may not choose to cut interest rates in the near term as this could...
There are too many long candles and sudden changes in trend today. I won't be trading for now, although I'm keeping an eye on SGDJPY. If I spot a trade signal there, then I'll consider trading. However, I'm also staying alert for signals in other currencies, there might be a change later on. Disclaimer: I'm still on a demo account. Once I reach my target amount...
Trading Setup: A Trading Signal is seen in the USDCAD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.3703 ⭕️SL@ 1.3738 🔵TP1@ 1.3588 🔵TP2@ 1.3528 🔵TP3@ 1.3421 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
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
GBPAUD broke and closed below a wide daily demand area last week. We see a retest of a broken structure after a release of the yesterday's fundamentals. I believe that the fall may continue from the underlined red area. Goal - 1.913 ❤️Please, support my work with like, thank you!❤️
Intraday bias in USD/CHF remains on the upside for the moment. Current rise is part of the whole rally from 0.8331 Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8722 at 0.8818. For now, near term outlook will stay bullish as long as 0.8995 support holds, in case of retreat.
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
USD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation...
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH. See...
USD/JPY ascends following a US inflation report indicating reacceleration, challenging levels that might prompt intervention. Rising inflation figures push Treasury yields higher and boost the US Dollar. Market anticipates future Fed actions with keen interest in upcoming monetary policy minutes. From a technical standpoint, the USD/JPY is trading at levels that...
EURUSD price is in the support zone 1.07242 if the price cannot break through. It is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
USOUSD price is in the support zone 84.90-95.45. If the price cannot break through the 84.90 level, it is expected that in the short term there is a chance that the price will rebound.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at 192.21. If we get a pullback from the current high, that’s where the buyers should pile in with a defined risk below the 192.10 level to position for a rally into new highs. The sellers, on the other hand, will want to see the price...
GBPJPY broke and closed above an intraday horizontal resistance. The broken structure turned into support. Retesting that, the price formed a cup & handle formation on an hourly time frame. We see a bullish continuation in the morning. I expect growth at least to 192.8 level. ❤️Please, support my work with like, thank you!❤️