Currencytrading
Forex Sell Euro Heading Lower?Hey traders so I just saw a nice shooting star form on the Euro daily chart after trying to break above 50% retracement level. This is a sign of weakness and I think it is a good price to sell the Euro at the current market price. I will sell at the market and place my stop right above the high of the previous days shooting star candle. Then look to take profit or add more positions if Euro moves lower.
Trade Entry 1.1931
Stop Loss 1.1980
Exit Strategy- Move stop to break even after market moves in favor same amount of pips risk. Then look to lock in more profit.
Risk Management:
(Always look at every trade as how much you can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target.)
Trade Well,
Clifford
The Euro has a 123 Top Confirmed!Hey Traders so as I just metioned on the US Dollar forming a 123 bottom formation we can now see that the Euro has formed a 123 top formation. This is a strong bearish signal that means the Euro could be about to make a 50% retracement. I will be shorting the Euro now that the daily charts have confirmed this pattern!
The way you trade the 123 top formation is you place your sell order below the 2 point and your stop above the 3 point and then you make a profit target of at least 2 to 1 or more. If the Fed decides to taper due to inflation we can see the Euro fall hard possibly way down do even march lows. Of course always expect the unexpected when you trade the forex and always use risk management before you enter your trades!
Trade Well,
Clifford
AUDCAD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
USDMXN top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
AUDUSD Top-Down Analysis Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
EURUSD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
USDCHF 2021-04-28 Bearish (Daily)USDCHF is still looking bearish in the short-term and broke support at 0.911 level.
The next support level is looking at 0.093
If that fails, the next level is at 0.893
and with at lows at 0.877 but will it go that low?
Remember to plan your trades and Trade Your Plan.
AUDUSD; AMLS (Autonomous Machine Learning System) FX SignalsA different attempt at a more comprehensive (less frequent, more humanly tradable) FX signal interface for the system. Let's hope that breaking out the signals individually will make more sense. This interface It is still just in beta ! - unless we can make it work, of course ;-)