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EURUSD: 4H MA200 bounce, currently 4H MA50 as ResistanceYesterday's buy is so far working out perfectly as EURUSD bounced exactly after touching the 4H MA200 (1.05278) and just hit the 4H MA50 (1.06355), which is the short-term Resistance. I am now booking my profit as it is substantial for one day and with the 4H technicals turning from oversold to neutral (RSI: 47.296, MACD: -0.002, ADX: 37.053), I will either buy upon a pull-back at 1.05380 or after a 4H candle closes above the 4H MA50. Again, if the price closes below the 4H MA200, I will take that small loss and open a sell targeting the 1D MA50 (1.03843 and rising) which as I've mentioned many times is the long-term Support and buy entry for me. My attention fundamentally is on the FOMC Meeting Minutes today and more importantly the Non-farm Payrolls on Friday.
Long
by InvestingScope
1
FOREX 101 - 4 TYPES OF LOT SIZES.What is a lot? A ‘lot’ is a measure of a transaction amount. It’s the minimum number of units of the base currency that you can buy or sell. This gives traders more control over the exposure per trade. There are four main types of Lot Sizes. Lot size #1: Standard lot = 100,000 units of base currency Risk per pip =$10 per pip Lot size #2: Mini-lot = 10,000 units of base currency Risk per pip = $1 per pip Lot size #3: Micro-lot = 1,000 units of base currency Risk per pip = $0.10 per pip Lot size #4: Nano-lot = 100 units of base currency Risk per pip = $0.01 per pip Did you find this helpful? Let me know in the comments so I can do more Forex 101 tips. Ask any trading questions too :) Trade well, live free. Timon MATI Trader
Education
by Timonrosso
2
AUDUSD bounces back, but price remains rangebound. What a turnaround we are seeing today after yesterday's sell-off. Basically, a mirror image after sellers knocked 1.06% off after the morning's gap lower. Today buyers have added 1.21%, eclipsing all of yesterday's losses. Bullish engulfing? Yep, it looks that way at the moment, and support looks firm at .6645. Yesterday's low has also set up a new higher low. Yes, today's price action is bullish, but buyers still have .6770 resistance to beat, and that area has held firm since mid-month. We could also be seeing an ascending triangle pattern forming, so if we see price continue to consolidate after test .6770, this could confirm that pattern idea. Depending on what happens from now until Friday, we still feel that Friday's US employment data could be the influence that has the highest probability to break some of the stalemates. The data will be released Saturday morning at 12:30 pm AEDT. Good trading.
by Eightcap
USDJPY LONG MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . USDJPY Multi-timeframe analysis Daily view (structural timeframe) : It has taken support from Ascending trendline. 4 hour (behavioural timeframe) : It has given Break of structure with strong bullish impulse. 1 hour (entry timeframe) : It has made Falling wedge pattern. . Wait patiently for breakdown of pattern and we could see upside continuation movement. Thank You !!!!
Long
by Twobrainztrader
EURCHF SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . EURCHF Multi-timeframe analysis Daily view (structural timeframe) : It has taken resistance from resistance on daily. 4 hour (behavioural timeframe) : It has given breakdown of "Rising wedge" with strong bearish impulse. 1 hour (entry timeframe) : It has made Ascending triangle. . Wait patiently for breakdown of pattern and we could see downside continuation movement. Thank You !!!!
Short
by Twobrainztrader
2
USDCAD LONG MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . USDCAD Multi-timeframe analysis Daily view (structural timeframe) : Multiple wick rejections on daily. 4 hour (behavioural timeframe) : It has made triple bottom and break of structure on 4 hour. 1 hour (entry timeframe) : It is now respecting a Trendline. . we could see upside continuation movement if trendline breaks and candle close. Thank You !!!!
Long
by Twobrainztrader
AUDUSD SHORT MULTI-TF ANALYSISo Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . AUDUSD Multi-timeframe analysis Daily view (structural timeframe) : It has Reversed from daily resistance zone. 4 hour (behavioral timeframe) : It has failed to make new higher high and has broken the structure to downside. 1 hour (entry timeframe) : It is now respecting a Trendline. . we could see downside continuation movement if this trendline breaks below and candle closes. Thank You !!!!
Short
by Twobrainztrader
2
Failed high, could the USDCAD continue lower?Happy Friday, TradingView community, today’s focus is on the USDCAD after sellers forced a failed high in yesterday’s session. Yesterday’s price action was interesting as it showed buyers had little fight above 1.3350, with weaker oil prices. Philly fed manufacturing index may have also influenced as it dropped to -19.4, well below the -6.0% expected. Let's get back to price and the current trend pattern, as that’s the main evidence I’m following. Yesterday’s failed high maintains a normal trend as the series of LHs and LLs continues. We are looking to see if sellers have control and if they now set a new LL confirming yesterday’s LH and maintaining the series. A move down to 1.3250 that stalls and reverses is a warning. If buyers can break 1.3350 after holding at the support could be a warning of a short-term change in momentum. We want to see a new leg lower from sellers that can test and break below 1.3250 support and the 1.3221 low. This will continue to trend pattern and could tell us that the downtrend has further to run. Traders will also need to keep an eye on oil prices as they could also have an impact on the current picture. Thanks for stopping by. Good trading and have a great weekend.
Short
by Eightcap
4
GBPCHF SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . GBPCHF Multi-timeframe analysis Daily view (structural timeframe) : It has broken "Head And shoulder" Pattern on daily. 4 hour (behavioural timeframe) : It has made lower low on 4 hour. 1 hour (entry timeframe) : It has took the liquidity and now has broken a Trendline. . we could see downside continuation movement. Thank You !!!!
Short
by Twobrainztrader
2
EURNZD SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . EURNZD Multi-timeframe analysis Daily view (structural timeframe) : It is in "Downtrend" making lower lows. 4 hour (behavioural timeframe) : It has given breakdown of "Rising wedge" with strong bearish impulse. 1 hour (entry timeframe) : It is now in bearish correction and respecting a Trendline. . Wait patiently for breakdown of Trendline and we could see downside continuation movement. Thank You !!!!
Short
by Twobrainztrader
A possible bull flag on EUR/AUD is formingEUR/AUD has caught my eye for a potential long. It posted a solid rally form the August low and entered a retracement phase, so at some point looking for it to turn higher. A potential bull flag is forming on the daily chart, and Friday’s spike lower shows a (failed) attempt to drive the market lower, where is found support at the July (close) high. Yesterday’s low found support at the July high and monthly pivot point, and prices are teasing trend resistance of the potential bull flag. Furthermore, a bullish divergence is also forming on the RSI (2) so perhaps we are approaching a bullish breakout. Also note that large speculators remain net-short AUD/USD futures yet are their most bullish on EUR/USD futures since June 2021. We could look at this as a proxy for large speculators being net-long the euro against the Australian dollar. Bulls could either wait for a break above 1.5352 with an initial target being the 1.5706 to monthly R1 zone. Alternatively, bulls could seek dips above the monthly pivot point in anticipation of a breakout (whilst this increases the potential reward to risk, it also brings the risk the breakout does not occur). A break above the R1 resistance zone brings the R2 resistance zone into focus. A break beneath Friday's low invalidates the bullish bias over the near-term and signals a deeper retracement from its recent highs.
Long
by CityIndex
CADJPY SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . CADJPY Multi-timeframe analysis Daily view (structural timeframe) : It has given breakdown of "Trendline" on daily. 4 hour (behavioural timeframe) : It has given breakdown of "Ascending Triangle". 1 hour (entry timeframe) : It is giving bearish correction. . Now we could see downside continuation movement on breakdown of bearish correction on 1 hour. Thank You !
Short
by Twobrainztrader
1
EURAUD SHORT MULTI-TF ANALYISISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . EURAUD Multi-timeframe analysis Daily view (structural timeframe) : Failed to make new higher high on daily. 4 hour (behavioural timeframe) : It has given breakdown of "Bearish Rectangle". 1 hour (entry timeframe) : It is making "Rising Wedge Pattern" Candle at resistance. . Now we could see downside continuation movement on breakdown of rising wedge pattern on 1 hour. Thank You !
Short
by Twobrainztrader
6
GBPNZD SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . GBPNZD Multi-timeframe analysis Daily view (Structural timeframe) : It has given breakout of "Head & Shoulder" Pattern. 4 hour (Behavioral timeframe) : It has given breakout of "Rising Wedge" Pattern with Bearish impulse. 1 hour (Entry timeframe) : It is forming "Bearish Pennant" pattern now. . Wait patiently for breakout and we could see downside continuation movement.
Short
by Twobrainztrader
2
NZDCHF SHORT MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . NZDCHF Multi-timeframe analysis Daily view (structural timeframe) : Took resistance from "Daily Resistance zone". 4 hour (behavioural timeframe) : It has given "Breakdown Of Trendline" with huge bearish impulse. 1 hour (entry timeframe) : Now it is forming "Ascending Triangle". . Now we could see downside continuation movement on 1 hour breakdown. Wait patiently. Thank You !!!!1
Short
by Twobrainztrader
1
EURUSD LONG TRADE Multi-TF analysisHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . EURUSD Multi-timeframe analysis Daily view (structural timeframe) : it has given breakout of descending channel. 4 hour (behavioural timeframe) : it has given breakout of descending channel with strong bullish impulse. 1 hour (entry timeframe) : it is forming descending triangle. . Wait patiently for breakout and we could see upside continuation movement.
Long
by Twobrainztrader
AUD/JPY tips its (bearish) hand after struggling at resistanceAUD/JPY is one of those currency pairs that can chop around for periods of time, then one day switches on the momentum. And I suspect the market has tipped its hand to a downside move with yesterday’s bearish candle. A resistance zone formed in April between 94.24 - 95.75 in April, where breaks above it have ultimately failed and the resistance zone gets respected one more. Since late October we have seen several failed attempts to break the resistance zone, and a bearish divergence formed on the RSI(2) ahead of yesterday's selloff. I suspect the high is now in place. It closed below the 50-day EMA but found support at the monthly pivot point, so I’m now waiting for a break low to bring 92.89 (call it 93.0) and the monthly S1 (near 92.0 and its 200-day EMA) into focus.
Short
by CityIndex
MH Indicator on GBP/USD Vs. EUR/USD: Intra-day case study5-trade days (26th October 2022 to 01st November 2022), the MH (Market Hedge) Indicator was used to spot the Buying/Selling opportunity in the most correlated currency pairs of the World. In case of pairs trading one asset (GBP/USD) is bought/sold and simultaneously the other asset (EUR/USD) is sold/bought. In Currency trade, the most widely used leverage is 1:100, however, in the present case study, the leverage ratio was kept 1:50 (to be safer). Results: ROI was 57.26% in total of all the trades closed as encircled in the Chart. Out of the total 20 closed trades, only one was closed with losses (only $ 1.67 USD), highest profit from one trade was $ 7.38 USD, closed at 8:30 pm on 28th October 2022. Hence, you may assume the Risk-Reward ratio as 1:20 (0.05). Happy trading with MH Indicator Team, InvestSystemic
by InvestSystemic