EURCAD Trade IdeaA 'sell' opportunity just presented itself on the euro-loonie trading chart following the bearish inverted pin bar at the end of the bullish run just below the 1.37664 daily horizontal resistance level.
If you enter this trade at 1.37482 and put your stop at 1.37787 (about 30.5 pips) and target at 1.35355 (about 212.7 pips), you could be looking at a reward-to-risk ratio of 6.97.
Please cross check with your setup before placing any trade.
Your FX Plug,
Charles
Forextrading
HOW TO USE TRADINGVIEWIn this video, i showed you how to use Tradingview to analyze different types of markets and asset classes.
You will discover how to open a chart and analyze any assets.
You will discover how to use different tools on tradingview to make your analysis easy and precise.
Tradingview made easy for you.
USDCAD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Thu 5th May 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CHF Buy, AUD/USD Buy, EUR/USD Buy, GBP/CAD Buy & NZD/CAD Buy. Just watch the correlation here when it comes to risk also. I also discuss some trade management from overnight. Enjoy the day all. Cheers. Jim
How To Analyze Charts On The Monthly, Weekly, and Daily TFOOH multiple timeframes analysis can be hard for beginner traders. It took me a few years to understand how to pair the right timeframes together and what to plot on my each timeframe to help me find my entry.
In this video, I am sharing a trade idea on CADCHF. It's just an idea until I receive my entry, but it can be a good setup if it works well. You'll get to view how I am analyzing the monthly, weekly, and daily timeframe to find my entry price.
I pray you have a safe trading week and if you have questions or comments please share them in the comment section below.
⭕️SELL AUDNZD ; It's time to sell ❗️👌🏻🔰You see the analysis of the Australian Dollar to New Zealand Dollar in four hours ( AUDNZD , 4H) ❗️🔎
🔰SELLAUDNZD at 1.08930
✅TP ; 1.07750 (+118 pips)
❌SL ; 1.09340 (-41 pips)
📊R/R ; 0.34 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰The price has started to fall from a supply area, then has broken the yellow uptrend line and pull back it. Sales in this area can be low risk. The target is placed at the cross of the demand range and the white upward trend line and orange support. .💰🧐
⚠️⚠️🔥Take a look at AUDNZD Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
A Quick Trade Setup On AUDUSD CompletedAUDUSD was a great setup. I won't be taking as many of these in the future after this week so I'm enjoying these 4 hour setups while I can. I'm going back to my roots as a long term swing trader who holds trades between a week to a few months.
It's more relaxing to me and improves my mental health. Remember, to do what you love and not what everyone expects you to do!!!
Gold for 25.04.2022 Monday : 1965,1940,1905.. levels to watch !If you are thinking to trade Gold on US session today, here is our expected bullish and bearish liquidity activation zones for 21.04.2022.
Expected Bullish Activity: From 1965 to 1985 (1975)
Expected Bearish Activity: From 1905 to 1880 (1885)
Lets see what happens with the market. Stay connected with us online. !
Thank you
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Mon 25th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/JPY Sell, EUR/GBP Buy & GBP/JPY Sell. Enjoy the day all. Cheers. Jim
⭕️SELL AUDCHF ; Its time to sell❗️🔰You see the analysis of the AUDCHF in one hour ( AUDCHF , 1H) ❗️🔎
🔰SELL AUDCHF at 0.70590
✅TP ; 0.69900 (+69 pips)
❌SL ; 0.71000 ( - 41 pips)
📊R/R ; 0.59(This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰SELL AUDCHF at 0.70590
✅TP ; 0.68970 (+162 pips)
❌SL ; 0.71000 ( - 41 pips)
📊R/R ; 0.25(This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰Due to the presence of the price in the range of sales supply in this region, the goal of confluence of white uptrend line and orange support line seems to be low risk.👌
In case of breaking the white uptrend line, there is a possibility of further downtrend and it is likely that the orange support line and demand range and white uptrend line will decline.❗️❗️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
Gold for 21.04.2022 Thursday : 1960 & 1940 are levels to watch !If you are thinking to trade Gold on US session today, here is our expected bullish and bearish liquidity activation zones for 21.04.2022.
Expected Bullish Activity: From 1960 to 1985 (1975)
Expected Bearish Activity: From 1940 to 1915 (1920)
Lets see what happens with the market. Stay connected with us online. !
Thank you
Thu 21st Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy & NZD/USD Buy. Just be aware of your overall risk here due to the high correlation between these 3x pairs. I also discuss some trade management. Enjoy the day all. Cheers. Jim
DXY-US DOLLAR INDEX--- BEARS TAKING OVER-SHORTThe markets are now correction and despite the fact the dollar has had a slow rally in 285 days it struggles to gain momentum and stay bullish. Now you can see from the charts that its heading into some sort of consolidation zone and I would personally short the dollar if I were trading it. I do not have any open positions on the DXY and I would watch it carefully. It seems like it would go bearish after a consolidation period the break out to the downside. Find out whats happeing with the dollar here in this TA Video...
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
Thu 7th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Sell, GBP/CAD Buy & NZD/USD Sell. Just watch the correlation and overall risk here. Enjoy the day all. Cheers. Jim
US30 Tech analysison daily timeframe us30is coming from a major support area and is breaking higher highs ....it presented a pattern of which at the third touch of that pattern there is a head and shoulder forming of which we will wait for a neckline to break and retest so that we can place a buy order.
UK100 Sell OpportunityWatch the video to understand the confirmation I have found for this setup. This one looks very promising.
GBPUSD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.