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GBP/JPY Head and shoulders formation The head and shoulders pattern is almost complete (ALMOST!!) BUT we are still seeing some possible entry points into the market. The head and shoulders pattern will be complete once the price comes back down to the neckline and we can then expect a breakout move to the downside. On this chart we see 2 possible entry levels into the market : 1 ) At this 136.60 level Reasons: Head and shoulders formation nearly complete and we see lower volume on the right shoulder. The 136.60 level serves as a resistance 2) Once price comes down to the neckline rendering the head and shoulders pattern complete Reasons: Head and shoulders breakout pattern
GShort
by Trade_with_H
1
EOSUSDT| Perfect Long term Trade Opportunity| 86% LongThe support level (2.3681) has shown its strength for weeks on BINANCE:EOSUSDT and now we are closing to that price level. The best prediction is that we can place our long position after the price bounced back from that level and place our TP at the Resistance level (3.05797). The second Trade opportunity would be when the price level break the resistance level and place our take profit at the higher Resistance. . . . Entry 1 : 2.3681 Take Profit 1 : 3.05797 . Entry 2 : Price crossing the resistance TP 2 : 5.56 Make sure to subscribe and Like the Idea if you enjoyed it!
Long
by Luxern
2
It's not too late for USDCADIf you are looking to get involved in a trade with so many opportunities, then this is one of the most suitable pair. Although the movement has already begun, it still has potential. We can use the basis, from the big period and look for trades in this direction of the small periods, thus we will be able to use small stops. Or we can just buy and wait. There are many reasons here: -break of the daily trend -Head and shoulders -Hrend of H4 -Trend of H1 So if you still do not have an entry here, then you can find the most suitable option for you. Like and comment help to reach the target of the position :)
Long
by ForexTrendline
2
My attempt at analyzing Trends I am still learning the terms but I think I understand the patterns, this looks like the market is currently stagnant in the middle of consolidation. Before this it was in a downtrend and I do not think it is going to keep going down. I am trying to capture 20 pips only and looking for the best entry, where to place stop loss and where to place take profit. I believe I would be buying, I think the market will turn bullish. Am i way off or does that make any sense? I have circled points of resistance and support, drawn out the few uptrend lines I could see, and all of the downtrend lines. I used parallel channels to shoe support and resistance zones. Price Ceiling and floor are also marked on here. Thanks
by allreadyallright
3
AUDGBP 15 Min EntrySo after my analysis on AUDGBP earlier, we can see that the price action has return to retest the new support. We now switch to the 15 minute chart for our entry. So on the 15 minute chart, the price action will rise to breakout at point B and will form a higher high (Point C). Then it will retrace to make a high lower and retest the support (At point B Breakout) point D. Then enter upon the breakout of point C placing our stop at point D. Remember your stop should only lose you 1-2% of your account. risk management is key to not losing your account. Happy Trading - The Trading Box
Long
by TheTradingBox
NZDGBP Confirmation and Entry. Going back to my analysis on the bigger time frame of NZDGBP, we can see the moving to take a closer look on the 15 minute chart, that the price action has made a lower high and a lower low signifying that the price action will or has reversed as it is at a key resistance level. Additionally, we can see that we have divergence on the histogram signifying a loss of momentum in the price action. To get further confirmation, we would like to see the price action break short through the 15 minute support at point A. The price action will then retrace to test this support as its new resistance. We then enter short at the swing low of the break, and place our stop at the point B swing. Happy trading - The Trading Box
Education
by TheTradingBox
2
DAX (GER 30) short entry with confirmation. So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached. After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed. Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A) to form a good entry. Instructions are posted on the chart for a good short entry. If the price action goes up to break the high in the red circle then the trade becomes invalid. Don't enter early. Wait for confirmation. Happy Trading - The Trading Box.
FX:GER30Education
by TheTradingBox
How to use the Oscar OscillatorOSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry signaling When the green line crosses up, it indicates a long entry When the red line crosses up, it indicates a short entry Overbought/Oversold When the indicator crosses the dashed grey lines it indicates Overbought Oversold Slow Oscar Add-on This is an Add-on to the orignal Oscar indicator Can be hidden if you want the original experience of the Oscar indicator. Can be used as a confirmation indicator by looking at the direction of the slope to verify is your are trending long or trending short. Can be used as a baseline to confirm signals given by Oscar Can be used to tweak your signals and test different settings. Stock or Forex? The program was originally written for stocks, but works equally well with the Forex market. How this indicator is calculated ? This is the formula we use to calculate the Oscar: let A = the highest high of the last eight days (including today) let B = the lowest low of the past eight days (including today) let C = today's closing price let X = yesterday's oscillator figure (Oscar) Today's "rough" oscillator equals (C-B) divided by (A-B) times 100. Next we "smooth" our rough number (let's call it Y) like this: Final oscillator number = ((X divided by 3) times 2), plus (Y divided by 3). SETTINGS: You can choose between different smoothing options: RMA: Moving average used in RSI. It is the Adjusted exponential moving averages (also known as Wilder's exponential moving average) SMA : Simple moving average EMA : Exponential moving average WMA : Weighted moving average The Script can be found here:
Education
by GenZai
5
GBPJPY 4H 15M RABBIT TRAIL CHANNEL TRADING STRATEGY LONG TRADERule #1: Draw a channel on a 1 or 4 hour chart. Rule #2 Identify If there is a Breakout on 1 hour or 4 hour chart. Rule #3 Wait for a Pull Back on a 15 minute Chart. Rule #4 After Pull Back on 15m, Make Entry. Rule #5 Find a Stop Loss Placement. Rule #6 Ride The Rabbit Trail to 50 pips with a TP Order! Rule #1: Draw a channel on a 1 hour or 4 hour chart. The first thing you need to do to get this strategy started off is you need to find a channel on a four hour or one hour chart. Remember there must be two resistance and support points to validate a channel. This strategy can use many currency pairs. Make sure you search through all of them. Many say that they “only trade EURUSD.” There is no reason for that.. Get in the charts and see for yourself! There are channels everywhere. This strategy will work with any currency pair. The opportunities are endless.. Not too bad. So basically all you are doing here is drawing parallel lines on the tops and bottoms of the price movement. This example hit a quite a few resistance and support levels which means that when it breaks this channel it has the potential to make a huge move! Rule #2 Identify If there is a Breakout on a 1 hour chart. The way you find the trade is to find a breakout of the channel that you drew on your chart.. In a perfect world the support and resistance levels will hold on forever.. But the world isn’t perfect.. So that’s why we have what is called a breakout. This breakout happened on the top of the channel. So that means you will BUY. If the breakout happens on the bottom of the channel then you will SELL. Great! We have breakout candle let’s get in the trade and follow the rabbit trail to pip glory! Rule #3 Wait for a Pull Back on a 15 minute Chart. Why wait? Because the market is money grabbing machine, and they want your hard earned cash! You wait because sometimes the market does a “head fake” and turns against you. So if you would have got in this trade right when it broke out of the channel you would soon have got stopped out. That is why it is so important to Wait for it to pull back. This is where many people struggle. They see that it broke out so they want to click BUY or SELL right now!!! Think about the sayings you have heard since you were a child, “Patience is a Virtue,” Or “Good things in life take Time” Just be patient and wait… This trade would not have burned you, but countless other trades would have! Think about the pull back as the candle that closes towards the channel. So if the pull back is above the channel you are looking for a bearish (red) candle. If the pull back is below the channel you are looking for a bullish (green) candle. *We only need one of these pull back candles on a 15 minute chart. Once this happens move on to the next step. Rule #4 After Pull Back, Make Entry. We are getting so close to getting on our rabbit trail to make some serious pips! Our lines are drawn, we identified the breakout, and waited for the pull back. It is now time to make our trade. The criteria to make an entry after a pull back on a 15 minute chart to enter a trade is that there must be two 15-minute candles that support our trade. If it is a BUY trade we want to see TWO bullish (up) candles after the pull back. If it is a SELL trade we want to see TWO bearish (down) candles after the pull back. Enter after the two bullish 15 minute candlesticks close. So again, we WAIT for a pull back candle to close and then we need two BULLISH (green) candles to close to many an entry. Rule #5 Stop Loss Placement This is probably one of the most important rules of the strategy. You always need to place a stop loss somewhere for a reason. If you are throwing in stop losses 5 to 10 pips from your entry order just because someone you read that somewhere, then you are without a doubt treading some dangerous waters. In a Buy The stop loss will be placed in the channel below the last support point. In a SELL The stop loss will be placed in the channel above the last resistance point. That way if it does come back in the Channel it will hit the support level and end up going back up in a bullish movement. Rule #6 Ride The Rabbit Trail to 50 pips! The last thing you need to do is know when to exit the trade. This strategy goes for a 50 pip target. So when you make your entry, you calculate 50 pips take profit mark and place it. The rabbit trail may be 2 hours, or could take as long as two days. You have your target so really you have nothing else to do but sit back and watch your trade make you some money! Stay in the trade and remember your rules. You are going for a 50 pip breakout trade!
Education
by Tradingstrategyguides
2
Mortgage choice(MOC:ASX) LongMortage choice Entry - 0.735 Exit- 0.925 Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control. RSI in mid-range but relatively overbought Classic Dow theory: Trendline support Risks 1. Expecting sideways movement next week and a breakout either way--> Tight stop loss 2. Retesting Accumulation zone @0.675 and 50MA 3. Bad news over the weekend (Unlikely) 4. Retailer panic selling(unlikely)
M
by ashainp
NZDJPY H4 SHORT ENTRY!H4 chart has formed a head and shoulder pattern and price has been slowly lossing bullish momentum, eyes on a CORRECTION after a strong push to the upside for the past few days. A break below EMA55 indicates a bearish signal. Entry: 69.75 SL: 70.53 TP1: 68.97 TP2: 67.07 Hereby provide 2 TP, TP1 is short term TP while TP2 is long term TP. Please control your risk management properly. It's not you versus the market, it's always you versus yourself.
Short
by ChinSengFx
7