Get started

Breakdown

GBPUSD | New Perspective for the weekThe British Pound slipped lower in the last 10 days, handing back some of the previous session’s gains hereby dropping by 3.4% to close last week's trading session below the 1.21500 key level. With a breakdown of the $1.21500 level last week, will the decline continue? Price action is currently at a critical point as it currently trading along the bullish trendline which has been holding bullish momentum since September. So, the question this week is; Will the bullish trendline continue to hold buy pressure or will a breakdown of the trendline incite a sell-off? Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
3
EURUSD | Perspective for the new week The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could trigger a sell-off below the $1.06000 level in the coming week(s). However, we will not ignore the possibilities of a bullish momentum if buy pressure accumulates above the $1.06000 level to respect the bullish trendline. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
LTCUSD Potential for a 25% ShortWith a descending triangle closing up on Litecoin, a Short signal produced from Crypto Tipster v2, and a current price trading slightly higher than the nearest support, it's looking likely there could be a potential drop coming for LTCUSD. The nearest support being around 25% lower than the current price this could a great opportunity to grab yourself some easy gains. We'd probably set our stop just above the current downward trend line to ensure minial losses if the price did move against us.
KRAKEN:LTCUSDShort
by theCrypster
NQ - a textbook short setup: breakdown-failed-test-plungeThis is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance. As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts. The Rule of thumb is: ⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down. You can get that free Month Opening Range indicator here:
CME_MINI:NQ1!Education
by CastAwayTrader
EURUSD Trade Breakdown Hello traders -Today we had a trade on EUR/USD which is currently in profit due to the NEWS event. - In the next steps, we will break down this trade and explain why it is risky to trade if you have strong news. - Chart breakdown 1) On the left side you can see that the major low has not been broken, therefore the price has the potential to continue bullish. 2) Negative confirmations are bearish reactions and big wicks that you can see at the end of momentum. 3) The price is in an overall corrective PA, the structure is more bullish than bearish because we have not broken the major low. 4) But be careful with such trades because we had a lot of negative confirmations, you have to breakdown the whole chart and then make a decision for the trade. WARNING! -Strong news was present here. The news was on our side in this case. But be careful when trading the NEWS event, because the main reason why some prop trade firms do not allow you to trade the NEWS event is "slippage". If "slippage" happens there is a chance that the price will "forget" you SL and you will lose more than you should have. -That was all about this part, if you want more education like this, don't forget to leave a like and write us a comment if something is not clear to you.
Long
by hybridtradingfx
1
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURUSD Price Action BreakdownHello guys 👋 - This is the first video on our profile. We want to break down the chart as best as possible and show you our view of the chart with the help of a video. Leave a comment and like if you want more clips like this. Forecasting in forex helps us prepare as well as possible for a potential entry and reduce the chance that emotions will affect us. Forecasting should be done at least twice every day, in the morning and night. On the weekends, you can do the forecast only once. Higher and lower timeframes should be analyzed during the weekends in preparation for the coming week. 1D timeframe chart breakdown 1)Daily Timeframe shows us that the price moved in a long downtrend. 2)At the end of the downtrend, we see that the price has made a Change of Character, and we notice the presence of Bullish Orderflow, which indicates that we can expect the beginning of an uptrend. 3)After a long downtrend, the price finally breaks the descending structure with strong bullish momentum, which indicates that we can expect the beginning of an uptrend. 4)After the bullish momentum, we see that the price has slowed down with the momentum (weakness), but again we see the presence of bullish order flow + EURUSD has the characteristic of going up impulsively from this kind of price action + it has a lot of liquidity to pick up. 5)In the end, the price is bullish, but it can easily change to bearish 1D timeframe forecast: 1)We see a nice change of character after a long downtrend, nice bullish momentum, bullish order flow, and we can expect the price to continue bullish. 2)The price has left wicks that tell us that the price has no more momentum to continue upward, and we expect a reversal to happen. 3)If we see a corrective pullback, wicks will be respected, and we can expect a continuation of the uptrend. 4H Timeframe chart breakdown 1)We see that we are moving in a longer ascending channel, and we see that: we are placing new HHs; we make impulses, corrections, impulses, which indicates that we will continue to move in the ascending channel. 2)But this is EURUSD, and we know we can expect to see a smaller ASC PA after this PA and see a trend change or continuation to the upside from this PA. 3)In the end, we have no bias, and we look at what will most likely happen and react to it. 4H timeframe forecast: 1)We see that the price is placing new HHs, and we notice an impulse correction impulse movement, so we can expect the price to continue to place new HHs and continue bullish. 2)After a longer ASC channel, EURUSD likes to make a smaller ASC PA and then change the trend, so we can expect that. 1H timeframe chart breakdown: 1) Currently, we see a very corrective PA; the price is between high and low. 2) we also see that the price moves from des PA to asc PA, which indicates a correction. 1H timeframe forecast: 1) Here, we expect a correction because everything points to it 2) There is a chance that the price will go bullish because they make an inverted head and shoulders pattern, but we do not want to trade in such a PA Don't forget to leave a like and comment for more posts like this.
by hybridtradingfx
4