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GBP USD buy trade activatedAs you can see in my chart - this is a simple trade using wyckoff schematics. 1H is my main TF of analysis (intra day trade) after that I go to 45-30-15 min and look for shift in market structure. I found out accumulation in this 15minTF and then I wait for IC creation + validity/ proof. I set my pending order with an RR of 1:8 Using distribution schematics in higher TF. Please check the chart for more information :) Pending order activated and it took half day to reach the target.
Long
by glyrad
AUDUSD Buy opportunity 0.670574H Level explanation AUDUSD has been trading in a bearish trend for the last days. Now, the price displays a bullish Engulfing pattern. Possible scenario The best way to use this opportunity is to place a Buy order at 0.67057 Set your Stop Loss at 0.66157 and Take Profit at 0.67684 and 0.68365 Note : Already rebound with support level. who enter this trade keep eye on it. if broke the support level close your trade immediately. The upcoming news will not influence your orders within the mentioned period.
Long
by chamitha45
The Forex Market: A World of OpportunitiesForex trading, also known as foreign exchange trading, buys and sells currencies to make a profit. It is the largest and most liquid financial market globally, with trillions of dollars traded daily. The forex market operates 24 hours a day, five days a week, allowing traders worldwide to participate. The Importance of Patience 🕰️ Patience is a fundamental quality that every successful forex trader possesses. It is the ability to wait for the right opportunities and not rush into impulsive decisions. In the fast-paced world of forex trading, jumping into trades without proper analysis and exiting prematurely can be tempting due to fear or greed. However, patience lets us stay calm, focused, and disciplined, leading to better trading outcomes. Building a Strong Foundation 🏗️ Before diving into the exciting world of forex trading, building a solid knowledge foundation is essential. Understanding the basics will empower you to make informed decisions and navigate the market confidently. Here are a few key concepts to get you started: Currency Pairs: Forex trading involves the simultaneous buying of one currency and selling of another. Currency pairs are quoted with each other, such as EUR/USD or GBP/JPY. The EUR stands for European Euro. The USD stands for the United States Dollar. The Euro is also called the base currency because it's the currency being bought with the United States Dollar. So, for every Euro being bought, the United States must exchange the equivalent amount in their currency, hence, the exchange rate. Search EURUSD in your trading view chart. The price scale to the left shows you the exchange rate or price it currently costs to buy 1 EURO in the United States Dollar. Pips: A pip is the smallest unit of measurement in forex trading, representing the fourth decimal place in most currency pairs. It is used to measure price movements. To go deeper, every hundred pips equals 1 cent or 1 penny. So when you think about it, if you gain 50 pips on average, you're gaining half a cent. If this was a Yen (JPY) pair, every 100 pips equals one Yen. So, on average, if you gain 50 pips, you're gaining half a Yen. Little things like this matter when trading because on a price chart, things can seem so big, when in reality, the movement of currency on a price chart is small, which can result in huge profits for you trading the trend. Leverage: Leverage allows traders to control larger positions with less capital. While it can amplify profits, it also increases the risk of losses. Leverage is borrowed money the broker gives you to trade with. It can increase your position size significantly. But be careful; too much leverage can make you overtrade, while insufficient money can make you resent trading if you can't trade the size you desire. You can also think of leverage as space or how much room you can let the trade move against you before taking a profit. If your trade doesn't have enough room to move and you use most of your money in one position, the broker will do a margin call. That means your trade has no room to move, and you are out of money to trade with, so they will automatically close your trade. On the flip side, if the position is too big before you place a trade, the broker will not allow you to enter a trade until you decrease your position size. It's like living. While we must live within our means until we get more money to increase the quality of our lives, we must trade within the means of our account balance. Market Orders and Limit Orders: Market orders are executed immediately at the current market price, while limit orders are placed to buy or sell at a specific price level. A market order is an order you execute yourself. For example, if I wanted to enter a trade right now, I'd push the buy or sell button, place my stop loss and take profit, and hit the buy or sell button again in the direction I desire the price to move in. If I was pressed for time, I could do the same thing, but I'd place a pending order at the price I want the broker to trigger my trade-in, so if I'm not there and the price reaches that price, the broker will do the job for me. The Journey Ahead 🚀 As we embark on this journey together, remember that forex trading is a skill that takes time and practice to master. Patience will be your guiding light, helping you make rational decisions and avoid unnecessary risks. The next time we speak we will explore the importance of identifying key supply and demand zones to make informed trading decisions. Stay tuned, and get ready to level up your trading game! 💪 Your Forex Coach, Shaquan
Education
by ShaquanLopez
1
💹 EURUSD next week prevision 💹It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue with a retracement of the elliot wave movement 4 to the point 1.09087 (23.6% fibo point) and then go looking for the movement 5. If it goes down enough to break the point from C, we would have new B (1) and new C (2). You have to wait for confirmations by looking at corresponding indicators.
by Jordi_MM1
GBPUSD: Bullish Rebound Confirmed, Eyes Set on 1.28321In the intricate realm of global finance, the decisions and policies of major central banks wield considerable influence over currency markets. One such pivotal institution is the Federal Reserve, the central bank of the United States, whose recent policy trajectory has had a discernible impact on the GBPUSD currency pair. This essay delves into the nuanced dynamics that unfolded in response to the Federal Reserve's dovish stance and its consequential effect on the GBPUSD exchange rate. The Federal Reserve's Dovish Turn: Central to this narrative is the Federal Reserve's decision to temper the pace of interest rate hikes. The Fed opted for a dovish stance, signaling a cautious approach towards tightening monetary policy. Powell's inclination towards dovishness, characterized by a reluctance to aggressively raise benchmark interest rates, marked a departure from more hawkish postures seen in the last year. Impact on GBPUSD: Commencing on December 14th, an observable surge in the GBPUSD exchange rate ensued, catapulting from 1.25002 to 1.27937. This substantial uptick was emblematic of market participants reacting to the Federal Reserve's dovish signals, with investors seeking higher-yielding assets in response to the diminished allure of the U.S. dollar. The relative attractiveness of the British pound against its American counterpart found favor among traders, contributing to the pronounced rise in the exchange rate. Support Levels and Resilience: While the GBPUSD pair experienced a subsequent correction, touching the support level at 1.26124, its resilience was noteworthy. The bounce back from this support level underscored the underlying strength and confidence in the pound, even in the face of corrective movements. This resilience is indicative of a market sentiment that continues to favor the British currency. Future Trajectory: A Glimpse at 1.28321: As the GBPUSD pair rides the waves of market sentiment and central bank policies, forecasts point towards a potential further ascent. The likelihood of the exchange rate climbing to 1.28321 is grounded in the persisting dovish stance of the Federal Reserve, which, if sustained, could continue to dampen the appeal of the U.S. dollar in comparison to other currencies. Rejection at Support: Unleashing Bullish Momentum In the 2-hour timeframe, GBPUSD witnessed a crucial rejection at the 1.26903 support level, signaling a robust defense by bulls. This pivotal event serves as a potent indicator of underlying strength, hinting at a potential shift in market sentiment and affirming the narrative of a bullish continuation. Technical Analysis: Bullish Rejection Pattern Beyond numerical significance, the rejection at 1.26903 represents a convergence of market forces. Buying interest surpassed selling pressure, forming a bullish rejection candlestick pattern. Traders interpreting this pattern would likely see it as a confirmation of the market's intent to resume its upward trajectory. Continuation of Uptrend: Fueled by Resilience Confirmation of the rejection aligns with GBPUSD's resilience amid corrective movements. Buoyant market sentiment, driven by the Federal Reserve's dovish stance, acts as a catalyst for renewed upward momentum. Surpassing the previous high of 1.27937 becomes critical, paving the way for an ascent towards the envisioned target of 1.28321. Traders armed with confirmation from the rejection may target this milestone in the ongoing bullish trend. Risk Management: Navigating Uncertainties While the support rejection supports a bullish outlook, prudent risk management remains crucial. Unforeseen geopolitical or economic developments could introduce volatility, necessitating vigilance. Traders must be mindful of stop-loss levels and stay attuned to evolving market conditions. Conclusion: In the dynamic realm of currency markets, the rejection at the support level of 1.26903 serves as a pivotal chapter in the ongoing saga of GBPUSD. It not only validates the resilience of the pound but also provides a technical confirmation for those seeking to ride the anticipated wave of bullish momentum. As the pair gears up for a potential ascent towards 1.28321, traders and analysts alike will closely monitor the evolving landscape, mindful of the delicate balance between opportunity and risk in the ever-shifting currents of the foreign exchange market.
Long
by fardycurry
Where will the gold go?Hello Traders NEW MARKET IDEA BUY GOLD Technical Analysis & Fundamental analysis Gold rose above $2,055 an ounce on Friday, inching closer to the record high, as the latest data from the US supported bets of early monetary easing by the Fed in 2024. US PCE prices unexpectedly declined by 0.1% mom in November, contrary to market forecasts of a flat reading, while core prices increased by 0.1% compared to forecasts of 0.2% advance. Coupled with the previous revision of the country's Q3 GDP, the readings solidified hopes for the first rate cut by the Fed in March. Gold was on track to gain for the second week since prospects of lower interest rates environment boosted the appeal of a bullion.
OANDA:XAUUSDLong
by AbdelRahmanLSaYed