AUD/USD LONGAs market price drops through key areas of support, we reach an important support level at 0.658. With Further bullish confirmation and a rejection of this level we look to enter on our 15 minute time frame and target the 0.670 region.
Candlestickpattern
Next target for EURUSD - 0,9685!Yesterday, EURUSD continued trading inside the news candle.
Like we said before, in case of break and re-test, we are heading down towards 0,9685.
You shouldn't enter right now. It's best to wait for a breakout or enter on a pullback.
This move could take some time to complete and it should not go above 0,9910.
EURUSD post FED EURUSD continues the downside move.
We now have a new low and price almost reaching the level that we shared before - 0,9800.
The direction remains the same even after the news and our next target is 0,9685.
Entries could be made after a pullback and rejection or break and retest of 0,9811.
We are not looking to buy while price is trading below 0,9910!
GBPJPY - Key Resistance LevelKey Resistance Level saw within the sell zone/ supply zone on the GBPJPY. As long as the market didn't break and close above the red box; 163.71 is the level I'm looking to continue to short the GBPJPY.
EURJPY - 8Range Bar Key SupportKey support level on the 8-range bar, I'm waiting for the bar to close and respect 142.56level for an aggressive buying opportunity.
Gold's cruel wicks-a 1 hr analysisThis trade setup is tricky. Near the top there was some consolidation with higher closes. The most interesting candle here is the giant wicked shooting star. this is followed by a bearing engulfing.
But! A larger Bullish Engulfing brings price back high again. The next candle confirms that the bulls are losing out: spinning top. This is followed by a Bearish Engulfing.
However, just a few candles later, Gold sends a wick up very high again. This is after price came to a new found support.
At this support, price bounced off traveling about 50 pips up.
Gold sends a Bearish Engulfing with no upper shadow to break through the support and continue pushing down.
After breaking support, Gold sends wicks up to the support level several times and eventually goes down for a total of around 200 pips from top to bottom.
The difficulties in this trade are the terrible wicks. Without precise predictive entries, price moves too close to Stop Losses or pushes right through them (which happened to me every time!)
I had the overall trend picked out, but my entries were not ideal based on the movement which happened throughout the day. Namely, traveling wicks.
I think there are basically three optimal entries which are circled. These are based on previous levels of resistance/support. The final circle being the most optimal in terms of trade confirmation.
Bullish/bear idea Market looks bearish at the moment monthly and weekly candle are red .
So I’m watching the daily for sells and possibly buys .
I will take a sell with 1% risk to gain 3% if price breaks below 18,719 and I will take buys if price breaks above 19,622 with 1% and to try to gain 3% I’m giving this setup 24hrs to try to play out. If nothing happens I will simply reanalyze .
An easy but effective strategy for buying Nasdaq (backtesting)Hello everyone,
Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video).
RSI is showing bullish signals on daily and H1 timeframes.
Buy on the m30, after candlestick signals on Fib levels, and catch your profits!
Goodluck,
Joe.
GBPJPY - StructureGBPJPY on the 1hourly chart at structure; any plans you have, traders?
Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
EURUSD on hold before the news EURUSD is rejecting the resistance zone but it looks like it is going to wait the news tomorrow.
Before that, it could continue trading sideways without forming lower lows.
You can look for aggressive entries on the rejection or wait for further confirmation for more conservative positions.
NZDJPY - Bullish SharkHave a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8).
For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
PROBABLE SWING OF EURUSD INTO 1.0140 PRICE LEVELAnticipating a buy around current price level on the EURUSD.
Price may tap into the lower regions of 0.99400 price area before the push up into the highs.
I will be looking for confirmations of the buy through candle stick patterns and formations around the current region
and also will be paying attention to liquidity.
Trade cautiously! This is for educational purposes. Past performances doesn't guarantee future results!
Important week for EURUSD This week, we are expecting the FED Interest Rate decision.
Expectations are for a rise of 0.75%.
That means we will see big fluctuations on Wednesday and probably no clear moves until then.
We will be looking for selling opportunities again and a new low below 0,9880!
US30 into the Fed rate Light news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
SPX trading into Fed rate releaseLight news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
When to sell EURUSD? Yesterday, EURUSD continued trading sideways without being able to break below 0,9955.
Today, we are expecting another push down and for price to eventually reach 0,9880.
The best entry signal would be a push just above 1,0024 and then an immediate drop in price.
In case we see a rejection wick above the previous high that would give us an entry signal as well as good risk to reward ratio.
