AUDJPY LONGI like this set up for multiple reasons.
My confluences are :
Bearish structure has been broken
62% on Monthly fib
70% on weekly fib
Red box = Mitigation zone on smaller time frame.
Discounted price for a buy
Accumulation
Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high probable trade set up.
This is a trade i have been holding now since 9th October and intend on holding this taking partials along the way.
Really like this set up so so lets see what happens!
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GBPAUD 4hour 10/14/19GBPAUD Long Idea
Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends
Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up with the 38.2% 4hour fib level
Our target will be the monthly resistance around 1.87250 followed by our target at the -27% fib level around 1.885
AUDUSD 4hour 10/14/19AUDUSD Short Idea
Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend
Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well
Upon enough confirmation we will look to short and target the monthly support and -27% 4hour fib around 0.66- 0.657
EURJPY DAILY 10/13/19EJ Short Idea
Price action has been majorly bearish on the daily and weekly timeframes and we are waiting for a confirmed reversal around one of our prz level. Currently price is at the 50% weekly fib but we would ideally like to see the 61.8% fib level hit and rejected
Our target will be the monthly support level around 116.000 followed by the -27% fib level around 113.850
NZDCAD DAILY 10/13/19NZDCAD Short Idea
Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside
According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be indication to short after a confirmed rejection from this level.
We will look to target the -27% daily fib and weekly support around 0.8650 & 0.80250
EURUSD~THE BIGGER PICTURELike I Will Always Say... Looking At The Bigger Picture Is Key..!!!
For All Those Following My Projections Since This Month Started...You Can All See How EURUSD Rolled Out Smoothly As Projected...
Now The Question Is Will Go As For As Hit Our Support Below @ 1.09260.?
If We Have A Pullback...It Should Run Up To 1.10769 Resistance Before Dropping Back Down... LOOKING AT THE BIGGER PICTURE..:)
The Answer Is Yes...But Might Take Some Time To Get There But Eventually It Will..!!!
See All Projected Areas Has Been Reach... No Need To Rush Or Chase The Market... Always Allow The Market To Come To You..:)
More Update To Come..!!!
EURCHF Managment SELL to long term target 1.0650The Eurozone has been struggling pretty much all summer as a basket for trading and has given plenty of of opportunities to SELL its weakness. This is the 3rd ABCD swing that it has made and from there it created a upward channel. The idea was to SELL once it broke and retested the support or to sell it at a high price at the resistance. At this point the market has broken the channel so to manage the trade on the daily there is a Mid term target at 1.0770 that is about 50 pips away I expect if the market to move to this target and retrace again and give people another opportunity to sell it again to the long term target of 1.0650 which is a monthly pivot. So keep your eyes out for a high price on the 2hr chart to sell if there is another opportunity.
USDCHF SELL to .9620The USDCHF has broken an ascending triangle and has been bearish since then, early on Sunday the market gapped down and with the G7 talks the price ended up bouncing to the upside taking causing me to take profit. Since then there has been a triangle that has formed on the 2hr and 15 min and the Stoch has hit the .618 retracement on each chart. The Market is oversold on the daily giving us an opportunity to Sell down to the Daily D at the .9620 look for a break and retest of the triangle to get in. With the stop above the 15 min A at .9880 whuch is a 1:2 risk reward.
This like many other trades were discussed on #PLANYOURTRADETV which I host live on YouTube at 4pm EST on Sunday's here is the link bit.ly/carterkylecapyoutube
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USDCAD - Down We Go! Looking at the higher time frames, price has failed to break resistance at 1.3340 and the 78.6% Fibonacci level and we can see price was becoming increasingly squeezed waiting for the breakout. We saw price had in fact closed below the 4 Hour 50ema on several occasions before driving back into the resistance zone (creating a quadruple top!) so patience’s has been key with this pair.....
The safest way to approach this trade was always waiting for that solid close below the CTL with entry's taken upon some form of a retest.
We now have the confirmation we have been waiting for and now we look for an area of execution. We can see price has been stopped by the Daily 50ema and seems to have stalled. I will be looking for price to retest previous market structure and tap the 38.2 (reliable after a high momentum move) which would also align with the 4 hour 50ema, so more than enough confluences. Keep an eye on price action around this level - if we see multiple wick rejections (to the upside) or any bearish signals, in particular on the 15 min and 1 hour time frame this is our confirmation that the bears are waiting.
Stops can be protected above this area of multiple confluences with downside targets of 1.3100 & 1.3000 presenting us with a decent Risk/Reward short trade.
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Forex Education: Stop Repeating Trading MistakesLet's relate our mistakes to Forex education. First things first, it's common sense that mistakes can turn into a positive learning experience. And also, they can help develop our skills while performing a task given to us. But in reality, it appears that learning from errors is hard to achieve because traders do not usually learn from their mistakes. Instead, they just keep on repeating them all over again.
Now, for instance, a trader is starting to lose at the day trade, and the trader decided to widen stop loss. However, the trader knows that the decision made was a mistake. But still, the trader continues out of panic and results in doubling the risk. Nevertheless, the trader will go on and will adjust. After that, the trader might add more funds to sustain it longer in the later stage.
In the initial journey on the trading industry, this type of dilemma happens frequently. And many traders get trapped in this situation. If a trader can't properly handle emotional stress, and clueless on managing a critical moment, this might result in committing the same mistakes and wrong decisions.
The problem is, making mistakes does not happen once. But why do traders keep on repeating them? The answer is simple, and it's the way brain responses to errors.
Brain's Responses
Furthermore, in Forex Education, one type of response mind does is when making a mistake, in trading or not, is the wake-up call. In here, the problem-solving skills are awakened. Usually, it will process every single detail on what happened and the factors that caused the unwanted situation.
Also, in connection to that, there is a phenomenon called post-error slowing. In here, attention sharpens, resulting in a long time to come up with the next step or a solution.
Another possible response is the complete opposite of the first one. The brain shuts down completely because it perceives the error as a threat. And to prevent the discomfort feeling the mistake gives, the mind creates its own escape strategy. Usually, this happens to traders who focus more on positive feedback.
Now, if you think a brain responded this way, try to rationalize, justify, or selectively omit information that shows something is wrong by attributing the result to external factors.
Record Sheet
The last topic of this Forex Education is all about noting every mistake. Start by creating a trading error record sheet. Then, make this as a part of a trading journal and jot down every unfortunate event the occurred.
But always remember that dwelling in the previous mistakes will never improve a person as a trader. Instead, practicing on how to nurture a higher awareness of inner workings and precise planning is where the improvement starts.
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AUDUSD SELL TO .6560 8/18 CTL Break SELL to .6817 Stop Above .6870 Target .6560 As long as the market stays below the resistance at .6817 this will be a solid risk reward position the sell. As discussed on #PLANYOURTRADETV
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GBPUSD SELL to 1.18300 8/18 looking for a PEP sell targeting the 1.18300 support low with the stop above the 1.2250 area at 1.2550 I would like for the Bulls to test the 1.2180 area again for a high price.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
CADCHF SELL Consolidation to .7400-.7380Previously, I made a post on consolidation options for this pair saying that if the BULLS broke the CTL that the CAD would be moving up to consolidation high's around .7620 it has made it up to that point and has broke a CTL bearish on the daily so I am looking for a 2hr high price to sell down to the .7400 area to .7380 consolidation lows.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
EURUSD SELL TO 1.0975 GOAL 50 LIKES & 5 SUBSThis is a pair that I discussed on #planyourtradetv on Youtube that you can view on Sunday's at 4pm here is a link from that live stream so you can get the full analysis here at youtu.be if you like the analysis subscribe and drop a like.
To break it down: The EURUSD is on a downtrend in the monthly It recently broke a head and shoulders pattern to the downside and hit a daily D at 1.10850 and retraced all last week right now it is flirting with the neckline of the pattern around the 1.1200 area the only things that it has going good for it is the 200 EMA has started to look like support, however, with the large wicks made to the upside there is cause to think that this will be short lived.
With that being said I am looking to sell based off the rejection of the neckline and the 1.12000 area retest targeting 1.0975 (Correction: Retraced to the .86 Fib) with my stop at 1.1300 4 Star Trade FOREXCOM:EURUSD
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
EURNZD Update EURNZD has given a second chance to get into this position on the daily previously the market retraced to the .500 level which long term take profit level at 1.5900 at this point today that is 1200 pips away. The origninal stop os 1.7350 which 50 pips above a major monthly and weekly resistance that is 200 pips away. The risk reward ratio on this movement to me is too good to pass up with it being a 1:6 risk to reward ratio this movement will not happen overnight so equity management and patience is a must on the swing of this pair however this has a chance to generate a huge profit if you are willing to wait on the movement.
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
The correct way to start tradingWhatever you do start, you must start in an appropriate way: the start can affect both success and failure. The world of financial markets can be confusing to understand, especially for a beginner. And that’s why trading education is an important first step before entering the trading industry.
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USDCAD Sell to 1.3000Notes Provided in Video
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
AUDCAD SELL If you were apart of my signal group you would have receive this AUDCAD setup towards .8950 as a SELL last week on our target's list. with that being said BEARS has scored 2 points on the 2hr chart and has broke the pivot level completely at .9115. With the StochRSI moving to the BUY zone selling right now would not be a good idea. Therefore, I would be waiting for a high price on the daily to SELL again to the long term target at .8950 with the STOP above the .9115 level.
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
AUDCAD ManagmentIf you were apart of my signal group you would have receive this AUDCAD setup towards .8950 as a SELL last week on our target's list. with that being said BEARS has scored 2 points on the 2hr chart and has broke the pivot level completely at .9115. With the StochRSI moving to the BUY zone selling right now would not be a good idea. Therefore, I would be waiting for a high price on the daily to SELL again to the long term target at .8950 with the STOP above the .9115 level.
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
USDJPY UpdateLooking the triangle to break upward with the trend being bullish there is some room to 109.00 and the stop needs to be below the triangle low.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
GBPAUD Sell to Monthly Support at 1.73007/28 Bulls have made a short push up to the .382 level and the StochRSI shows that the move is extended I am looking for a rejection of the 1.7900 which would make it past support turned future resistance to sell zone to the 1.7300 area which is the monthly resistance area (Green) Stop would be above resistance area at 1.8000 giving great risk to reward value if rejection area holds.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
USDJPY BUY to 109.00 levelMarket has held the 109.00 as past resistance equals future support. Even through overall I believe the long term trend is bearish there is some upside to 109.00 level. Stop should be place around 107.50-107.60 area. which will give you a 2:1 risk reward level.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.