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GBPUSD UK economy in crisisAccording to the Organization for Economic Co-operation and Development (OECD), the UK is the only G7 country whose inflation rate is still rising. The UK's consumer price index (CPI) rose by 7.9% in May over the same period, up slightly from 7.8% in April, according to the OECD. Meanwhile, the remaining G7 countries, including the United States, Canada, France, Germany, Italy and Japan, all see inflation slowing. Across the G7 group, inflation fell to 4.6% in May from 5.4% in April, the lowest level since September 2021. Many major central banks are beginning to consider suspending interest rate hikes as prices cool down.
by Chart_MasterPro
euro trading strategy October 19, 2023Financial markets are gradually turning away from macro data and toward the increasingly unstable situation in the Middle East. Today, US President Joe Biden went to Israel to negotiate with Prime Minister Benjamin Netanyahu, but his meeting with the leaders of Palestine, Egypt and Jordan was abruptly canceled last night after a hospital Gaza was attacked by rockets, believed to have been launched by Israel. As the conflict between the two sides escalates, traders have turned to gold as a safe haven. With few factors supporting the Euro, the EUR/USD currency pair is being influenced mainly by the US dollar. EUR/USD seems to be stuck in the 1.0450 - 1.0630 range. A confirmed break below the 20-day SMA would take the price to the support zone of 1.0500 -1.0516. Further away is the 1.0450 area.
Long
by FalCol_TradingMaster
Potential Trading Opportunity: Euro Poised to Fall Parity with tAs you may be aware, the euro has been facing considerable pressure against the US dollar, and there is a growing possibility that it may soon reach parity or even dip below it. Given the caution warranted in volatile markets, this idea aims to present a valuable opportunity for traders who are willing to navigate the risks involved. If you have been following the fluctuations in the foreign exchange market closely, now might be the time to consider shorting the euro against the dollar. By observing the weakening Eurozone economic indicators, mounting concerns about the European Central Bank's monetary policy, and the resurgent strength of the US economy, it is becoming increasingly apparent that the downward trend in the euro's value is likely to continue. For those traders with a cautious approach looking to capitalize on this downward movement, shorting the euro can potentially yield impressive returns. However, it is of utmost importance to approach this opportunity with careful consideration and ensure that you have undertaken thorough analysis of the market variables. I strongly encourage you to perform research, including technical and fundamental analysis, before making any trading decisions. As a professional trader, I trust that you understand the importance of incorporating risk management strategies and setting clear profit targets.
Short
by bryandowningqln
AUDUSD: Asian foreign exchange little changed as dollar falls; TMost Asian currencies fell slightly on Monday, while the dollar edged away from recent peaks as investors continued to worry about any potential spillovers from the Israel-War. Hamas. Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative. The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.
Short
by Chart_MasterPro
GBP JPY fluctuates as threat of intervention increasesThe yen is approaching the key psychological level of 150 yen per dollar after the interest rate gap with the US widened due to hotter-than-expected inflation data. The currency traded just below that rate against the greenback on Friday morning in Asia amid speculation that Japanese authorities would intervene if the yen suddenly weakens. The Group of Seven reaffirmed its position that excessive moves are problematic, a senior finance ministry official said, during a meeting on Thursday in Morocco. Yuta Suzuki, vice president of MUFG Bank Ltd. in New York
by Chart_MasterPro
The EU plans an anti-subsidy investigation to secure a steel deaThe conduct of an anti-subsidy investigation against steel manufacturers will be announced at a summit with the US on October 20. InternationalEU plans an anti-subsidy investigation to secure a steel agreement with My Phuong Nhi • October 11, 2023 19:19 The conduct of an anti-subsidy investigation with steel manufacturers will be announced at a summit peak with the US on October 20. Recently, the European Union (EU) said it is planning an anti-subsidy investigation against steel manufacturers in China and other countries. This is part of an agreement with the United States to end tariffs under former US President Donald Trump, Reuters reported on October 10. The Financial Times reported that the EU planned to announce the investigations, shortly after the meeting of US President Joe Biden and European Commission President Ursula von der Leyen and European Council President Charles on September 1. October 20 is here.
Long
by Chart_MasterPro
GOLD UPDATE 45 MIN In the previous analysis that was published, it was mentioned that the path for upward movement had become smoother. However, with the price being at the upper boundary of the ascending channel, we were looking for entry points at lower areas for buying, but the price experienced buying pressure and broke the channel from above. We are still looking for lower areas to buy, even if it doesn't match our desired price. I would appreciate hearing your opinion.
OANDA:XAUUSDLong
by jawad369
1
NZDUSD SWING SIGNAL LONGHello trader friends New Zealand dollar to US currency pair Considering the breaking of the dollar index, we can think about long transactions Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair. Therefore, according to the appropriate risk and reward, we can enter into long positions Thank you for following me You can send a message to subscribe to Signal's private channel I will also be happy to tell you your opinion
Long
by jawad369
EURUSD 100pips DROP 200pips LONG, How?EURUSD recently had a decent rally to the upside as we discussed last week, now we are looking for a counter-trend (SHORT) play here before the final leg. ENTRY (Risk Entry, Good Reward) -: SHORT EU from current price or wait for AUTOMATED KEY ZONE to get taken out and smash the SHORT. INVALIDATION Upon Entry, Set a 40-50pips Inv. TARGETS Wait for a DROP until BASELINE for a 100pips target. P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
Embracing Risk ManagementEmbracing Risk Management in Forex Trading: In the world of forex trading, embracing risk management is an integral aspect of achieving long-term success and preserving your capital. Implementing effective risk management strategies is essential to navigate the inherent uncertainties of the forex market. Let's explore some key principles of risk management in forex trading. • Define Your Risk Tolerance: Before entering the forex market, it is crucial to determine your risk tolerance. Assess your financial situation, investment goals, and personal comfort level with risk. This will help you establish appropriate risk parameters and guide your decision-making process. • Proper Position Sizing: Determining the right position size is a critical element of risk management. Avoid overexposing your trading account by allocating a reasonable portion of your capital to each trade. A general rule of thumb is to risk only a small percentage of your account balance (e.g., 1-20%) per trade. This ensures that a string of losing trades does not significantly impact your overall account balance. • Utilize Stop-Loss Orders: Implementing stop-loss orders is vital to protect yourself from excessive losses. A stop-loss order sets a predetermined price level at which your trade will automatically be closed if the market moves against you. Place your stop-loss orders based on technical analysis, support and resistance levels, and market volatility. This tool helps limit potential losses and protects your trading capital. • Take-Profit Targets: Setting take-profit targets is equally important in managing risk. A take-profit order enables you to exit a trade when the market reaches your desired profit level. Determine your take-profit targets based on technical analysis, market trends, and reward potential. Regularly reassess your take-profit levels as the market evolves to secure profits and prevent sudden reversals. • Risk-Reward Ratio: Maintaining a favorable risk-reward ratio is crucial for long-term profitability. Aim for trades that offer a potential reward that outweighs the potential risk. A positive risk-reward ratio means that your potential profit is greater than your potential loss. This allows you to achieve profitability even with a lower win rate, as long as your winning trades outweigh your losing trades. • Regular Evaluation and Adjustment: Consistently evaluate and analyze your trading performance to identify strengths and weaknesses. Keep a trading journal to review your trades, assess your decision-making process, and identify areas for improvement. Adapt your risk management strategies based on market conditions, and avoid chasing losses or taking excessive risks due to emotional impulses. [ i]Remember, risk management is an ongoing process that requires discipline and continuous monitoring. Stay informed about economic news releases, market events, and volatility to adjust your risk parameters accordingly. Embrace risk management as a fundamental part of your forex trading journey, and let it guide you towards consistent profitability and capital preservation. In forex trading, success is not solely determined by profitable trades but by effectively managing risks and protecting your trading capital. By embracing your risk management principles such as defining your risk tolerance, proper position sizing, utilizing stop-loss and take-profit orders, maintaining a favorable risk-reward ratio, and regularly evaluating and adjusting your strategies, you can navigate the forex market with confidence and achieve sustainable results. Embracing Risk Management trading GOLD: In the golden path of trading gold, risk management takes center stage as a paramount factor for success. It is crucial to implement effective risk management strategies to protect your capital and navigate the inherent uncertainties of the forex market. Let's delve deeper into the key aspects of risk management in trading gold. • Proper Position Sizing: Determining the appropriate position size is the foundation of risk management. Carefully consider your account size, risk tolerance, and market conditions when deciding how much of your capital to allocate to each gold trade. Avoid overexposure by keeping your position sizes in line with your risk tolerance, allowing for potential market fluctuations. • Stop-Loss Orders: Implementing stop-loss orders is an essential risk management tool. Set a predetermined level at which you will exit a trade if the market moves against you. This ensures that your losses are limited and prevents them from spiraling out of control. Always place stop-loss orders based on sound analysis and risk-reward ratios to protect your capital. • Take-Profit Levels: In addition to stop-loss orders, establish take-profit levels to secure your profits. These levels are predetermined price points at which you will exit a trade when the market reaches your desired profit target. Take-profit orders help you lock in gains and avoid potential reversals that can erode your profits. Regularly reassess your take-profit levels based on market conditions and adjust them accordingly. • Risk-Reward Ratio: Maintaining a favorable risk-reward ratio is essential in risk management. This ratio represents the potential profit you can make relative to the amount you are willing to risk. Aim for trades that offer a higher potential reward compared to the potential loss. By consistently seeking trades with a positive risk-reward ratio, you increase your chances of profitability over the long term. • Regular Assessment and Adjustment: Risk management is an ongoing process that requires continuous assessment and adjustment. Regularly review your trading performance, analyze your trades, and identify areas for improvement. Adapt your risk management strategies as market conditions change and stay vigilant in monitoring your trades to ensure they align with your risk parameters. Do remember again, risk management is not about avoiding risks altogether but rather about managing them intelligently. By implementing proper position sizing, setting stop-loss and take-profit levels, and maintaining a favorable risk-reward ratio, you can protect your capital and create a solid foundation for long-term success in trading gold. In the golden path of trading, risk management is not a choice but a necessity. Develop a disciplined approach to managing risk, and let it guide you towards a prosperous journey where the allure of gold meets the prudence of risk ☆ Good Foreign Exchange Trading Daysz ☆ J
OANDA:XAUUSDEducation
by ATU_TAD
USDCAD IS BOOMING POINTSignal Title: Breakout Signal Currency Pair: USD/CAD Signal Type: Buy Entry Point: Break above resistance at 1.3535 AND RETEST Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645 Stop Loss: Set stop loss at below swing low Timeframe: 4-hour chart Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity. Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips) Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Long
by jayeshchauhan4545
AUDUSD 250pips HIGH PROBABILITY SETUP!!!AUDUSD just had a CLEAN BREAK to the downside, now we for a PULLBACK for a solid SHORT setup. Price is currently below, 200ema & 800ema, baseline, cloud, with a super strong BEARISH confirmation on D1. #1 ENTRY (Risk Entry, Good Reward) -: New SHORT TREND has been set, now we need to get entry at a point with the least amount of risk and area that is most likely to trigger a massive SELL OFF that would be around the 800ema on H4. Wait for price to pullback and get a SHORT. INVALIDATION Price fixing ABOVE 800ema on H4 will be seen as a RECOVERY, when this happens, exit all SHORT positions. TARGETS We are looking at FIRST TP to be at the next AUTOMATED KEY ZONE (Blue zone - 0.65000) P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO