gbpjpy short.
on the daily tf price is at a strong area of interest. after consolidation for quite awhile. i feel like price will go down.
price can either go up or down
this is a slightly risky trade taken on the 5 min
daily trend is bearish
4h trend is bullish
1h trend is bearish
following overall trend, i decides to look for a sell set up.
this is a limit order, currently im waiting for price to fill the imbalance. generally price will fill the imbalance. in this case there is also an inside bar just above, so price might retest that as well. it would be safer to set a sl...
FOREX TRADING GPBUSD SHORT
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future result
double pin bar at resistance lvl
potential sell off coinmg soon
waiting for break out of trend line to sell
trend continuation trade on the bigger double top sell off
saw this pin bar on the daily close. this could mean that the next few days eu is going to be long.
EU also looks to be at the end of the 5th wave. so thats added conformation for me to go long
will be looking for entry at the lower time frame.
saw this pin bar formation near my resistance level. so i took it as an risk entry, for better entry wait for the 4h candle close.
about 6 RR on this trade. a bit ambitus, setting to BE as soon as hitting 1 R
i might be closing this trade if the 4h candle does not look favorable
This is just a simple note for myself, a daily reminder to learn the trading the right way from start to the end. these are some of the basics, yes there are advance tp, sl and entry. but for a beginner this is what you should practice at first
Trading in ascending channel
overall is bearish
short-term bullish.
price looks to be respecting the trend lines
so i would like to take this trade for short-term long
wait for candle rejection before entering.
right so this is the updated chart over the weekend. i have updated some things and price seems to be moving lower. so we will see how price react nearing the AOI. not too sure wil it reject the zone or just continue lower. will have to see how the price react on the 4h tf
based on the looks of this pair i would say it might be reaching the bottom. so i am expecting there will be some consolidation candles on the 4h. but as of now it still looks very bearish. so it will still change depending how price unfolds.
we see some strong rejection at the double top, however the rejection was formed on a Friday. which might mean it could be just a weekend wick. so as shown on the chart, there are two ways of looking at this. but i am more bias towards selling this pair. we shall see how monday looks.
AUDUSD have been trading in a ascending channel for the past few days, from this we know that it is in the consolidation phase. On a the 4 h timeframe we can also see that it is reaching the previous high, which might be an indication of a double top in play.
Based on these information, i would most likely want to short this pair in the upcoming week. my entry...
Overall GJ's momentum seems to be slowing down, with an ascending triangle being formed. This could mean possible reversal in play or a continuation pattern. In my personal opinion, i think that GJ will have a large correction to the downside, before going higher.
This analysis is pretty simple, just trading within the ascending triangle for a 5 RR. This might...
Based on the circle trend line, we can see that gold is respecting it and trading closely within it. so base on this and the recent news on the war, i am still quit bullish on gold, so base on the AOI that i have drawn xauusd might possible go back up and form a double top. i will post some entry setups over the weekends. now im just bullish on gold
