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Cmasterza

Market overviewBased on the positions I took last week and a few pairs that I am watching, I am sharing my thoughts with you in this video. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSD
by Cmasterza
Head and shoulder patternToday is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today: The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!) I'll be waiting for the neck line to break before considering to take an entry. A price action signal after the neck line breaks would be ideal. For now, this pair is on my watch list and I will publish live updates in Forex Bootcamp. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSDEducation
by Cmasterza
Gold breaking downRising wedge pattern breakout Support (also fibo level) tested as resistance Inside bar sell signal Selling at market price with # SL @ 1514.358 and # TP @ 1429.477 Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSDShort
by Cmasterza
Sell signal completedSupport broken Bearish engulfing bar formed Pin bar pinning the moving average Selling at market price 1.63402 and # SL above the engulfing bar @ 1.64279 # TP lower @ previous swing low @ 1.61411 1:2.5 risk to reward ratio Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
Short
by Cmasterza
NZDUSD Trade IdeaPrice has bounced off the major support level and moved up a but, then broke the previous high now being tested as support. I am buying at market price 0.67721 and have my stop below the marked level SL a@ 0.67500 below the minor support and TP higher up around the previous high at 0.68290 **Check on the Daily time frame to see higher lows formed - this is a sign of a bullish market Anything below 0.67570 could indicate bearish power in the market. As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Long
by Cmasterza
USDJPY Trade IdeaPrice is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal. Conservative traders will wait for confirmation (bearish candle) Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so I am in short @ market price 111.952 and SL above the high @ 112.227 and TP at support lower down (and the next if the market keeps paying) @ 111.346 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
GBPJPY Trade IdeaPrice has been in a down trend as indicated by the lower highs and the descending trend line... After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man) I am shorting at market price 145.396 and SL above highs @ 145.766 and TP lower around support @ 144.151 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
USDCHF trade IdeaThe yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance level higher up @ 1.00496 Don't bet the farm and never invest what you can't afford to lose. For full details on trade management join me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
NZDJPY Trade IdeaThe resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to consider shorting this pair The area of interest is 75.296 for the entry and Stop just above the fibo levels with enough room to breathe @ 76.400 and Take profit lower down @ 72.974 (note the incremental tp levels marked with red lines) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
AUDUSD Trade IdeaLower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is 0.71209 to look for price action clues and if I short: Sl will be above the trend line where I deem the setup invalid @ 0.71605 and Tp lower down at support @0.70046 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
1
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDJPY Trade IdeaWe saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above resistance at 10.885 and my take profit lower down at 108.992 (support seen on D1) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
USDCAD Trade IdeaI am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance. Don't bet the farm - always exercise good risk management :) Hit the like button if you dig it and feel free to share if you feel like it.
Long
by Cmasterza
AUDUSD Trade IdeaLooking to trade the bounce off the major support (marked the false breakout with a yellow box) Now that the impulse move has shown a retracement pinning the 61.8 Fib level making it good for a buy with a strong risk to reward ratio... I am buying at market price @ 0.70628 and TP @ 0.71601 (resistance) and SL below the low @ 0.70454 The market offers no guarantees but with a risk of only 17 pips and 98 pip reward it certainly makes this setup worth looking at. Dont bet the farm, as usual always exercise good risk management!
Long
by Cmasterza