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Forex-analysis

head and shoulders formation????hello everyone! im new here and i just wanted to share my analysis if anyone thinks its wrong or can be improved on please let me know! ive established a support and resistance zone from 23ish july to now it acted as support for the initial 3 times until i broke through in september switching from support to resistance but only briefly before it becomes another valid support line for a potential head and shoulders formation. so im guessing we wouldve be expecting a a heads and shoulders? can anyone vouch for this? ive been constantly reading through other peoples analysises and its pretty fun to see how others perceive these patterns! happy trading!
by forexhalfsaint
3
USDCAD - DAY TRADE VIEW.USDCAD - Trading close to the tough resistance now, I am expecting a downfall, Start accumulating the trade size. Approach should be a short sell at current price and short again near 1.34250 if comes. Maintain Stop loss around 1.34580 Potential downside target 1.33700 - 1.33350 Follow the levels as mentioned. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
EURUSD Initial Targets Hit Potential Counter Trend ABCD PatternFX:EURUSD Link to Related Idea Below... Price Low EURUSD: $1.16514 Tested and Held at $1.1652 Locally! As of the moment of publishing EURUSD Price: $1.1673 I break down the target prices for WXY & ABCD Patterns: ABCD(revised) 1.618 Extension Target = $1.16507 (EURUSD Low=1.16514) Fractional miss; Target Considered Hit ! WXY "Y" 100% Extension = $1.16426 (Front Run?) abc of ("X:Y") 138.2% Extension = $1.16462 (Front Run?) AB-CD Counter Trend Potential Targets: 38.2% Retracement = $1.17889 50% Retracement = $1.18314
by TheFreeCryptoPress
2
Gold running +11% on our Gold StrategySuper entry on Gold now running +11% based on 1% risk. Hold until reverse signal, however we have suggested our members trial up their stop loss currently. What is our Gold Strategy? - Script information shown below - and a link in the 'related ideas' section for a video introduction. We are releasing this separate script file for trading Gold on the M15 time frame using our strategy. This can now run independently from the main file instead of changing parameters and saving as a template - thus making the use of these specific settings even easier for our traders. You can see the back testing profitability shown below, although you can not use back testing to predict the future, both the volume of trades, net profit, win rate and draw down demonstrate a solid foundation and data to move forward from. The strategy itself is explained in the 'Blue FX Strategy' but see below too for more info. Our strategy will help you identify the current trend in the markets and highlight when this is changing. The strategy itself is based upon 4 indicators lining up in total confluence to increase the probability of the trade being a success. Absolutely no technical analysis is needed to trade this - this is a trading tool and has solid back testing results trading in isolation - although you may also use to support your own trading - the choice is yours. When a trade is valid - a Buy or Sell label will appear with the Entry price, SL and multiple TP's shown on the chart. IMPORTANT note, the test results show and confirm that the most profitable exit strategy with these Gold settings is 'FT&SL' this means we enter the trade with a Stop Loss (SL) and simply hold and follow the trend (Follow Trend = FT ) until a reverse signal is printed. In our supporting video (see related ideas) you can see the impact of changing this target between multiple TP's and the net effect on both win rate and overall net profitability. The Lot size will also be displayed and this is based on the risk parameters you have set personally in the calculation section. What is a Trading View Script? A script is like an indicator but better, we can verify the success of our strategy by using Trading Views strategy tester function. As shown below and on the chart - you can see the 'Buy' and 'Close Buy' on the chart, supported by a live trading log showing you the entry, entry price date, volume and closing price. This is a great function for numerous reasons; firstly, you know you are using a strategy that has provided a positive expectancy in back testing, secondly you can use this as a trading journal to support your trading too. This in itself can help you with your trading psychology - letting winning trades run is a prime example of this. Take confidence in the statistics and performance over time. Ultimately, we believe we have saved YOU the need to firstly, find an edge and a strategy - and all of the time it takes to BACKTEST a strategy - to then find it may or may not work - and then you start again! Disclaimer alert; Please remember past performance is exactly that - how our strategy performed over those dates tested, it is not obviously a guarantee of future performance. Interested in access or more information? No problem, simply drop us a DM via trading view for access information. Thank you for reading. Darren
OANDA:XAUUSDLong
by pow_removetheguesswork
V4 introduction .... lots of new additions!Improvements set below; Trend filter using ADX Specific parameters set into the code - detects the pair and TF to shown them automatically - our method has been solid YOY growth based on a fixed 0.01 lot size to gain consistent yearly consistent results Trade volumes substantially reduced with a much higher win rate No pull down menu when flicking between instruments - all done automatically More TP options for testing Smaller labels showing entry, SL and TP, etc Lot sizes fixed Filter for days of the week - some pairs hate specific days! Back testing on all instruments Filter for trading sessions Great editions here, we hope you agree - please have a watch. Regards Darren
by pow_removetheguesswork
3