Fxtrading
XAUUSD 1hlack of prerequisites for a reversal, clear short context, I would like to see work with a local minimum
GBPCADGBPCAD has shown a clear weakness in bullish trend times making a slowed volume push and has shown clear bearish volume shorts put in by traders. I believe the trend will be now reversed and only clear a higher low for GBPCAD. Please use proper risk management when entering the trade.
GBPCAD
Sell/Short
Entry: 1.69312
Stop Loss: 1.70333
Target:
TP: 1.61530
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
EURUSD Day PlanGood morning, as you can see we have long context on 1h timeframe my target is PDL, higher we do have an IMB that can give reaction.
GBPUSD Day Plan we have long context on 1h timeframe with OF, my target for today is PDL, higher we do have an IMB that can give us reaction.
GBP/USD Analysis 11/10/2023In GBP/USD, a confluence of factors, including market structure, Fibonacci levels, RSI divergence, and price action, is providing compelling bullish signals.
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NATURUAL GAS Buy/LongAnalysis for NATURAL GAS on the daily direction has shown an upswing for a bullish trend that has respected the support levels. Since September 7th, 2023, we have seen a nice back and forth movement pattern that continues to respect the channels support range and resistance making this a prime target for us to be able to profit off on. Please enter with proper caution and capital risk management. Below is the signals inputs for the trading session. I hope you all enjoy.
NATRUAL GAS
Buy/Long
Entry: 3.2361
Stop Loss: 3.0203
Target:
TP: 3.9035
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
XAUUSD Sell/ShortAnalysis for XAUUSD is showing that the overall general direction from a daily and H4 timeframe perspective is showing a downtrend and it is favorable for us to take a Sell/Short position positive PnL exposure. Below are all inputs for the signals entry, stop loss, and take profits. Please do enter with proper risk management.
XAUUSD
Sell/Short
Entry: 1934.61
Stop Loss: 1962.66
Targets:
TP 1: 1903.85
TP 2: 1848.66
TP 3: 1794.37
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
SPX 1MONTHMonthly timeframe: We received a reaction from the imbalance zone at a price of 3600. It's worth noting that throughout the entire last year and this year, we have been in a long (corrective) context. The logical target could be the maximum of the year 2021. Invalidating the long context would be possible if the price drops below 3200 with confirmation.
SPX 1WWeekly timeframe: I've marked everything on the chart. Speaking of local movements, I expect the coverage of the imbalance below, after which the highs formed above will serve as liquidity for updating the maximum.
SPX 1D Daily timeframe: Aggressive movement starting from last week after removing the January fractal minimum. A clear long context, but to continue such impulsive movement, we need to address liquidity below.
SPX 4h4-hour timeframe: I would like to see an update of the maximum after working in the imbalance, followed by a move lower to cover all the liquidity below.
EURUSD 1D#EURUSD
This week, the euro lived up to all expectations from the higher timeframe. We confirmed the long structure by updating the key price maximum and securing ourselves above it. It's worth noting the movement on Friday when we cleared the liquidity formed on Wednesday (midweek low). For the next week, I anticipate the continuation of the long scenario with a maximum update and the removal of liquidity above, as indicated on the chart.
XAUUSD 4h4h- The 4-hour timeframe is in a prolonged short context. I would like to highlight the excellent handling of liquidity and the covering of all imbalances above. I would categorize this movement as Order Flow logical targets are lows lower
XAUUSD 1D1D- The daily timeframe is in a short context, and we have also covered a significant imbalance. We are now awaiting a reaction in the coming week.
USDCAD Sell/ShortPrevious USDCAD post was taken down for reasons. I did call a Sell/Short however is not visible to see no longer. My analysis was on point and we did short at the top. Please continue to follow the signal that is now posted for a great profitable session. Shows clear downtrend M formation and has a classic meltdown from here after a multi-pump day.
USDCAD
Sell/Short
Entry: 1.37887
Stop Loss: 1.38330
Targets:
TP: 1.36803
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
eurusd#EURUSD
Preferably work with long positions for today, Everything what I saw yesterday is similar to building of liquidity, for further removal.
#GBPUSD#GBPUSD
The pound seems similar to the euro, but there are a few differences:
We have reached the logical target on the daily timeframe.
The context has changed on both the 1-hour and 4-hour timeframes.
The pound appears more suitable for short positions due to the achieved targets on the higher timeframe, as you mentioned.
EURUSD#EURUSD
Good morning. Currently we do have short context on 1h timeframe. But on 4h,1d nothing changed yet. We do have have a lot of targets on HTF. Will try to work with short possitions with targets on Francfurt low.
BluetonaFX - USDJPY Approaching Trendline Support BreakHi Traders!
Due to the weak NFP jobs data last Friday, there is further pressure on the US dollar. USDJPY is back under 150 and trading with bearish momentum.
Price Action 📊
The market's price action on the 2H chart is currently bearish. The market broke below the 20 EMA, failed to break back above in the re-test, and is approaching the trendline support with potential for a break and close below the trendline to continue pushing down.
Fundamental Analysis 📰
There were weak US major figures recently posted, with weaker than expected PMI figures and Non-Farm jobs data. The Fed also failed to commit to further interest rate hikes, which has left traders nervous about the US dollar.
Support 📉
149.273: TRENDLINE SUPPORT
148.805: MONTHLY LOW
Resistance 📈
149.736: PREVIOUS DAY'S HIGH
149.817: 20 EMA
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
#GBPUSD#GBPUSD
there is a similar situation on the pound, but with the way we are moving, the PDH may initially be lifted, in any case, I refuse to work short at the moment for objective reasons.
Currency Pair: GBP/AUD SellTrading Plan/Signal
Currency Pair: GBP/AUD
Action: Sell
Entry Price: 1.88326
Stop Loss (SL): 1.94732
Take Profit 1 (TP1): 1.85227
Take Profit 2 (TP2): 1.72405
Reasoning:
The trading plan involves selling the GBP/AUD currency pair. Here's the rationale behind this decision:
Head and Shoulders Reversal: The analysis has identified a head and shoulders reversal pattern. This pattern typically indicates a potential trend reversal from an uptrend to a downtrend. The left shoulder and the head form higher peaks, while the right shoulder forms a lower peak, creating a bearish signal.
Downtrend Anticipation: The head and shoulders pattern suggests a bearish sentiment in the market, indicating a potential downtrend in the GBP/AUD pair.
Trading Strategy:
Entry: Enter the market with a sell order at 1.88326, as this is the point where the reversal is anticipated to start.
Stop Loss (SL): Place a stop loss at 1.94732. This level is set to limit potential losses in case the market moves against the trade.
Take Profit 1 (TP1): The first take profit level is at 1.85227. This is where the initial target for profit-taking is set, anticipating a portion of the potential downtrend.
Take Profit 2 (TP2): The second take profit level is at 1.72405. This level represents a more significant target for profit-taking, in line with the expected downtrend.
Risk Management:
Risk-reward ratios have been considered in setting the stop loss and take profit levels.
Always trade with a risk that you are comfortable with and that suits your overall trading strategy.
Regularly monitor the trade's progress and consider adjusting stop loss and take profit levels as the market develops.
Please note that forex trading carries inherent risks, and it's essential to use proper risk management and only trade with funds you can afford to lose. This trading plan is for informational purposes and should not be considered as financial advice
