There is this cycle that the market undergoes, after a pump that seems unreal what follows is a hard dump .This scenario holds true in a lot of pairs I have examined and in various timeframes too.
I understand that this is a game of probability and only the setup with the highest chances of success should be considered. This is my setup of UJ and my bias is very...
with the RSI indicating the usd/jpy being over bought (over 70%) on the 4 hour time frame and price coming to the strong resistance zone of 110.800 - 110.740 we are getting a bearish bias. if market structure holds im having a bearish outlook for this pair. however we need to keep in mind the 14:30 news for the usd, if the news comes out as good for the dollar US...
Hello people.
Im Niftypiips and this is my first publication on this platform.Im no stranger to the intricacies of the market and this is my analysis on EURNZD .
Please interact with this post, im open to suggestions concerning this in the comment section. Thanks!
Looks like a head and shoulders formation
Daily fibonachi retracement hit the 786
weekly bear candle and a exhaustion of strength
sell is off the 1hr fib retracment 618 SL at the 786
market making lower lows
5:1 risk to reward
SWING TRADING JOURNAL
I'm bullish for GBPUSD and this is my plan
I will;
BUY GBPUSD somewhere at Green Box (try to buy as low as possible)
SL BELOW Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5....
There's no doubt that XRP will be bullish in the long term, however, in the short term i see it revisiting Lows we haven't seen in a long time. This will present us with a chance to buy or add to the positions we already have. Buy zone is located between 0.01 and 0.11.
Price will be testing a major Support level, if you
see my arrow markings you will see that price was aggressive and bullish pressure took over.
This is a great buying opportunity. Wait for confirmations before entering.
If you disagree, please leave a comment.
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Thats how i am going to play the market for swings: As we see Market structure broke down and todays daily candle close will confirm it. I expect bulls defend to reclaim that Phl which will be a rejection and its in 183 area thats where i will open a swing short with confirmation. It might be a wick. Only reclaiming will be back in uptrend. After rejection we will...
Please watch my other videos to fully understand my strategies! Like the video if you want DAILY setups like this.
This morning we will be taking a look at how I will be looking to day trade these currency pairs on the foreign exchange market, Forex. We will also look at the strategies that I will use or utilize for entries and exits according to my trading...
The last 15M candle closure indicates some buying pressure after the structural shift but then again this could just be end of week market manipulation. We are more than likely to see the price come down to test the strong supportive level and gain liquidity before we see a strong upside move but then again price could fly to the upside from the current area it...
