GBPUSD Buy PositionAnother buy opportunity for GBPUSD. From a massive drop after CPI, i see this as a chance to make profit. my end goal is to hit 1.21000 level again as it was the initial price for GBPUSD, however, my first line of TP is 1.19000, then 1.2000 then my original TP. Let's see if this reverses back, let's see how this day rolls. Be careful in trading because like what they always say, your capital is at risk:)
Fxtrading
NZDCAD: Our Confirmation Finally 🇳🇿🇨🇦
As you remember, traders, we were monitoring NZDCAD last week.
We were patiently waiting for a neckline breakout of a double top on 4H.
It's finally broken now and we already opened a short position with my VIP members.
I expect a bearish move now to 0.7959
❤️If you have any questions, please, ask me in the comment section.
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EURCAD 4H SwingEURCAD is about to start a new Bullish Trend that will provide around a 1:20 if the setup comes. I have the 15min shown here. As divergence forms, I will enter market with buy orders and swing it all the way up. We are sitting inside a Daily Supply Zone from years ago, this will be insane.
What is Forex and How Big It Is?💱
Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates.
Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily.
Forex market is a vital element for a global economy because it provides capital exchanges between the countries.
The main market participants of forex market are central banks, commercial banks, commercial companies, hedge funds and investors.
🕰In order to grasp how big is that market, take a look what is happening on that just in 60 seconds:
📎Total transactions value reaches 3.52 billion US dollars.
📎 1.15 billion dollars of spot transactions.
📎 1.65 billion dollar of exchange swaps.
📎 Total transactions value involving USD reaches 3 billion US dollars.
📎 Total transactions value involving EURO reaches 1.1 billion US dollars.
📎 Just one single EUR/USD pair accumulates 812 million US dollars transactions value.
It is hard to imagine how such big amounts are rolling with such a frequency and how insignificant are the orders of individual traders.
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Please, support my work with like, thank you!❤️
EURGBP: One More Breakout 🇪🇺🇬🇧
As I predicted, EURGBP dropped yesterday.
The price even managed to violate and close below a solid demand area.
I assume that the pair will keep falling.
Next goal for sellers: 0.836 - 0.84.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Outlook on WTI: Bearish play seen On the H4 time frame, prices are showing bearish order flow with lower lows and lower highs being formed. On the H1 time frame, a pullback to the resistance zone at 107.00, in line with the descending trend line, 78.6% Fibonacci retracement, graphical resistance level and 100% Fibonacci extension level presents an opportunity to play the drop. Our next support target at 100.20 coincides with the potential 61.8% Fibonacci retracement. Stochastic is also showing limited upside as well before it reaches resistance, in line with prices.
EURAUD 4H LongWhats up everyone! I see i hvae gained a lot of followers recently and i want to say thank you to you all! I love interaction so please feel free to comment on the posts or send me a message (not sure if you can here). I will try my absolute best to post the best setups with the highest probability of winning. I am a swing trader so these charts will take some time to hit profit so be patient. I also trade US30 on the 15min but it moves very fast so i dont post my entries since most of the time im already at break even when i am able to post. If you're interested in hearing more about the US30 trades shoot a comment!
EA has tapped into a huge Daily Zone and just created 4H RSI Divergence, which from past posts you know is my bread and butter. Simple easy trade here, we go long, SL at 35pips and target the Supply Zone sitting higher!
EURNZD: Classic Bearish Reversal 🇪🇺🇳🇿
EURNZD leaves multiple bearish clues:
the price broke a support line of a rising wedge pattern
and a neckline of a head and shoulders pattern.
I believe that the pair may drop.
Goals:
1.6555
1.64
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD Buy PositionFOMC in a few hours and setting up my position. Possible XAUUSD reversal to get back to 1800 level. Setting my initial profit call at 1800 but it's possible to see XAUUSD to get back to 1860 again, hopefully before the week closes
**Iv been away for a while, but finally making my comeback, thanks for all those DM's to encourage me to get back. Again, let's see how this trade rolls :)
GBPCAD 4H Long, Swing TradeAlright ladies and gents, after a tough loss on the previous long (ok 1% loss isnt too bad) I am back in on this GCAD Long. I am very bullish on the pair due to my strategy and this setup is showing a very nice reversal. Trade without emotions my friend, when you setup presents itself, you simply enter. "Plan the trade, trade the plan".
AUDUSD: Your Trading Plan For Today 🇦🇺🇺🇸
Hey traders,
AUDUSD is currently trading within a peculiar zone of confluence:
we see a perfect match between a recently broken horizontal supply area and a falling trend line.
I expect a bearish accumulation within the underlined area.
Your confirmation to short will be a double top formation on 1H time frame.
0.6844 - 0.6854 is its neckline.
Wait for its bearish breakout (you need an hourly candle close below),
then sell on a retest.
Target will be 0.677
Stop will be 0.69
If the price breaks a yellow zone to the upside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPCAD: Bearish Continuation 🇬🇧🇨🇦
GBPCAD has nicely respected a resistance line of a falling parallel channel.
The price formed a double top on that and broke its neckline to the downside.
I expect a further bearish continuation now.
Next support - 1.555
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵
I see the signs of a bullish accumulation:
the price has already set two equal highs and keeps setting higher lows.
I believe that we will see a breakout attempt of a current horizontal resistance.
Daily candle close above that will trigger a bullish trend continuation to new highs.
2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭
The pair is approaching a solid horizontal zone of demand.
Be prepared for a breakout attempt.
Its bearish breakout will trigger a bearish continuation to a year's low.
3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦
As I predicted, GBPCAD dropped nicely.
The pair formed a double top formation with a lower high.
Its neckline violation signifies a highly probable further decline.
4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭
The pair is currently approaching a wide weekly demand cluster.
Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon.
Look for a confirmation on lower time frames to buy.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURAUD: Complete Indecision 🇪🇺🇦🇺
Very peculiar situation on EURAUD pair:
the market is stuck between 2 structures,
one - major weekly resistance,
one - key daily support.
Depending on the reaction of the price to these structures, I see 2 potential scenarios:
If the price breaks 1.528 - 1.538 resistance and closes above that on a weekly,
I will expect a bullish trend continuation to 1.558
If the price breaks 1.516 - 1.52 support and closes below that on a daily,
I will expect a bearish move at least to 1.505.
Wait for a breakout and the follow the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPCAD: Important Decision Ahead! Your Plan: 🇬🇧🇨🇦
GBPCAD is trading in long-term bearish trend.
The market is steadily going down within a falling parallel channel.
The pair is approaching its resistance at the moment.
Depending on the reaction of the price to that, I see 2 potential scenarios:
If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout),
then a bullish continuation will be expected to 1.6118 structure.
If the price breaks a 1.5855 - 1.59 local daily support and closes below that
then a bearish continuation will be expected at least to 1.572 level.
Wait for a breakout and only then buy/sell the pair.
What are your expectations?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD and CADCHF Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/USD short term sell opportunity Good morning everyone,
Watch for this short term sell setup in the EUR/USD. Try to get an entry from top of corrective structure (already developing) or wait for bearish flag to sell for the retest of 1,034 low.
Wish you all the best trades,
PTFX
Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
GBPCAD ShortSimple trade here. 1H Fib at the .706, Bollinger confirmation, EMA rejection that printed a bearish pinbar on the 4H. This you'll notice is a bit different than my other trades where i trade Supply/Demand. I am working on continuation trades so getting my hands wet with some different forms of confirmations. Let's see what happens
XAUUSD top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHF pairs top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.