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🌟💹 Unleash Stellar Gains with EUR/USD Long Trade Opportunity! EUR/USD pair! 🌊 Our in-depth analysis has identified a superb entry point, offering traders an excellent opportunity to capitalize on market momentum. 💪📈 With a clear take profit and stop loss in place, you can confidently manage your risk while aiming for attractive returns. Don't miss out on this golden chance to boost your portfolio – join us and experience the thrill of Forex trading success! 🚀💰 🔥 Trade Details: 🔥 🎯 Entry Price: 1.08742 🏆 Take Profit: 1.09830 🛑 Stop Loss: 1.07999 💎 Potential Profit: 109 pips ⚠️ Risk Disclaimer: Always perform your own analysis and consult with a professional before making any financial decisions. Trading in the Forex market carries risks, and this signal should not be considered as financial advice. Invest responsibly! 📚🧠
Long
by ss7trader
3
USD Index, looking to move lower? USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35. This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower highs and lower lows after the trend break. This can be called normal trend. Price looks to breaking the last uptrend, but we do see some potential support at 103.05 to 102.85. There’s been plenty of demand in that area, and we wonder if price can retest it will we see new demand develop from buyers? This week’s FOMC is another big factor for the USD. Rates are expected to rise by a further 25 points, but could we see the Fed soften its stance due to the ongoing banking crisis? Inflation remains above their preferred level, so could and pullback, if seen only, be on a very short term? If we see sellers break yesterday’s low, we will be looking for sellers to make a new test of demand, as mentioned above. Then our focus will be on the FOMC meeting from the 21st to the 22nd of this week, and the statement is a key point of interest. Good trading.
EIGHTCAP:USDXShort
by Eightcap
2
AUDJPY: Buy opportunity on a 10 month Support.The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused the last rejection on February 15th. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
My current plan_Focus in on the NZDHere is my current plan I am implementing. I am in a 30k position on the NZD and I looking at continuing to building until 100k. If I could get into my full position before price breaks above the 0.63 lvl, I think I'll be in a good spot. Since the CPI came out as expected, this might be able to give price a little momentum higher. If price is able to hit the 0.65, I would be able to place a stop around 0.62/0.63 and ride price higher (to 0.70, will hit this level, possible in the end of the 2nd QTR). For the EUR I am just using it as a hedge. I ad a 15k position on it, but have recently exited my position. My NZDUSD position recovered and the EURUSD was just used to hedge my position. If the NZD drops again, I'll likely add a 30k position on the EURUSD. Once I am done with the NZDUSD, I am looking to get into the GBPCAD. I am going to wait until price hits 1.70. If it does, I'll start building on that pair slowly. I am looking to build a 400k/500k position, because I am still on the side that price will break down lower and possibly be able to hit the 1.35 level. This might happen towards the end of the 3rd QTR, possibly in the 4th QTR. The reason being is the UK economy is struggling to keep going. Out of all the G7 countries, the economy of UK is pretty bad. I am still looking at the 1.20 lvl and if price is able to actually break that level, and last a week below it, the move lower will actually be on. Now after these, I think central banks will be done raising rates in the end of the 3rd QTR, they might hold on rates, but I think sometime in 2024, banks might start lowering rates. I am thinking that before then, Silver will likely be around 18 or lower, and I would want to build a decent sized position. For now, I am in the first part of this plan and I'll be updating along the way. This is my plan and how I trade. This is conveying my thoughts and of course this had a ton of risk. For one, I am hedging and I have experienced where both pairs I am in, divergence against me, and I lost money on both. I also use metal stops a lot, which if I don't catch it (which has also happened to me), can move against me hundreds of pips and that would not be a good day. I am just sharing how I trade and hopefully this helps provide some insight to other traders trading styles. Now that I think about, from writing the above paragraph, for my risk management, this is what I am going to do. For the NZDUSD, like I typed up above, I will use the EURUSD as a hedge. It isn't a natural hedge, but it does work as a good hedge (and has positive rollover on the short side). I will get into this pair at 2:1 (NZDUSD/EURUSD) ratio. I'll be utilizing a hard stop on the NZD if price hits 1.65 (I'll place the stop at 0.62). If price is able to hit 0.67 and I have a full position, I'll move my stop to 0.6450. If I am skeptical or I want price more room to move, I'll identify a natural hedge (possibly the GBP or GBPCAD) and start building a position on both pairs also. Since I think price is going to push lower on these pairs, I'll be able to hold them even if price goes against me (that would my NZD position would be in my favor). I could also scale out also. Ok, I am done now. Y'all have some good trading out there.
Long
by DollarSaenz
USD/JPY - YES, Another quick Scalp for 10OANDA:USDJPY A good start to the week. Quick scalp for 10 hard pips TP, before it hit PWL (previous weeks low). I tune out the nay sayers that scalping doesn't work, and that I should maximize the trade, which is actually a very smart and profitable strategy when executed properly with trade management. But I do LOVE scalping and enjoying the rest of my day not being stressed, LOL. Both techniques work, the key is Trade Management. Trade well....
Short
by makerup
USDJPY Long Setup, looking strongGood morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137, however, as soon as we have left this range in the past, volatility has kicked in, both ways. We have broken through the high of 137 two days ago, making the idea very plausible and easy to understand. This is my Game Plan: - Clean push above 137 - Pullback onto 137 area, preferably seeing a pullback down to 136.8 - Consolidation on the red line, smooth prices needed here - No big slippage into the box, staying around the red line - Trigger signal once price starts to recover between 137 to 137.2 - Entry upon jumping out of the box This trend setup looks very strong because the higher timeframes support the direction we are trading in. Make sure to follow my Tradingview for more ideas and check out my BNB short post, we are in profits! Thanks for tuning in and let me know if you liked the video in the comments below. Many thanks. TraderCH
Long
by TraderCHgold
7
EURUSD Targets 1.2200 if this level holdsEURUSD is grounded inside the MA50 (1D) and MA100 (1D). As long as the MA100 (1D) is holding, then the rise that started in September can be sustained long term in a similar way as the downtrend of 2021-2022 was. The 2021-2022 Bear Cycle was confirmed after the MA50 (1D) crossed under the MA100 (1D). Similarly on December 7th we had the MA50 (1D) crossing over the MA100 (1D) to confirm the new Bull Cycle. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.2200 (close to the -0.786 Fibonacci extension, the same target the Bear Cycle had). This is a long term trade. Tips: 1. The RSI (1D) is proportional to what it was at the start of the Bear Cycle. Please like, follow and comment!!
Long
by TradingBrokersView
1
AUDUSD retests 4H support after CPI dropHi, traders and TradingView community. Today we saw the AUDUSD retreat after Australian CPI data came in at 7.4, well below the 8.1% that had been expected. Unexpected data almost always has more impact on the market than expected, as it has shock effect. 7.4 is still a very firm number for inflation, and you might think, why is that a good thing? The drop is good, and it shows the RBA’s policy is working, and it also starts to put some doubt on the current rates outlook. But we’re wondering just how good it is. Yes, this could have an impact on the current rates policy, but we still feel that rates will have to continue higher to cut this figure back further. The AUDUSD continues to fight back after testing .6700. Price at this point remains in its 4H consolidation pattern. Could the market be thinking it’s a good drop, but work still has to be done? Will we see a retest of .6700 in tonight’s LON session? Buyers have .6752 resistance to beat, and sellers have .6700 to break. These are the 4H levels we are watching on the AUDUSD, and if one of them can be beaten, we will look to see if a new leg can develop. What are your thoughts? Good trading.
by Eightcap