Forextrading
EURUSD THREE POSSIBLE OUTCOMESWe have a decent weekly range to work with of just over 230 pips. First setup is for price to pullback a bit higher without breaking the previous weeks high targeting the low
Price could also take the previous weeks high for a deeper pullback then wait for price to bearish confirmation to target the low. This setup would take slightly longer to play out than the first.
The last out come is for price to go above the December's high and that would invalidate this setup and I will post my insights if that happens.
Flow with the market and use lower timeframe confirmation if you see a good setup.
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200).
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USD/CAD Long and SUGAR/USD ShortUSD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• 1H impulse down.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Who Moves the Forex Market | Forex Market Players
Forex is the largest market in the world, with the tremendous daily trading volumes and millions of market participants.
In this educational article, we will discuss who moves that market and who are its 6 the most significant players.
1. Governments
Governments tend to set economic goals and influence the markets with their political decision. They define the course of their nations, issuing policies and imposing regulations.
2. Central banks
Central banks implement the decisions of the governments, applying multiple instruments:
Central banks control the emission of the money, shifting the supply and demand.
They control interest rates and define the credit policies.
Above is a top 10 of the biggest central banks by total assets.
Central banks control the international trade and sustain the exchange rates of the national currencies by interventions and handling the foreign currencies and gold reserves.
3. Commercial banks
Commercial banks handle the international transactions.
Over 70% of total Forex Market transactions directly refers to the actives of commercial banks.
In a pie chart above, you will find the biggest commercial banks by trading volume.
Commercial banks are also involved in speculation activities, benefiting from market fluctuations by relying on various strategies.
4. Corporations
Corporation is the business that operates in multiple countries.
With the constant capital flow between its branches and counterparts, corporations are permanently involved in a currency exchange.
Also, corporations usually hedge currency risks, storing their liquidity in particular currencies.
5. Investment funds
By investment funds, we imply the international or domestic professional money management companies. Dealing with hundreds of millions of investments, they quite often are operating on Forex market, buying foreign assets, speculating and hedging.
Below, you will find the list of largest world's hedge funds.
6. Retail traders
The main goal of retails traders and speculators is to make short terms profits from their transactions on the market.
Typically, the activities of traders constitute a relatively small portion of total trading volumes.
Knowing which forces move the forex market, you can better understand how it works. The spot prices that you see on the charts reflect the sentiment of all the above-mentioned participants.
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GBP/USD Short, NZD/USD Short and USD/CAD LongGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Tue 31st Dec 2024 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBP/USD Short, EUR/GBP Short and NZD/USD ShortGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/GBP Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Mon 30th Dec 2024 AUD/NZD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Sell. Enjoy the day all. Cheers. Jim
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
The GBP/USD pair is currently trading below a key resistance area. It is anticipated that after a corrective move to the specified resistance zone, the price may reverse and enter a bearish phase.
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD: 4H MA50 crossing signals new rally.EURUSD is remains bearish on its 1D technical outlook (RSI = 41.523, MACD = -0.006, ADX = 15.575) but today it crossed and closed a 4H candle over the 4H MA50 for the first time since December 10th. Along with that, it crossed above the LH trend-line, thus technically invalidating the short term bearish trend. Given the recent December 18th double bottom on the S1 Zone, the pattern that prevails is a Rectangle, thus today's breakout is technically targeting the patterns top. Consequently our target is near the R1 Zone (TP = 1.0600).
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XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold, after a significant drop last week, has shown a reaction near the support zone and entered a corrective phase. This upward correction is expected to continue until the price reaches the specified resistance zone.
Based on the market structure, it is anticipated that after completing the correction, the price will likely reverse from the resistance zone and decline towards the identified support level.
Don’t forget to like and share your thoughts in the comments! ❤️
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Fri 27th Dec 2024 USD/SGD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/SGD Sell. Enjoy the day all. Cheers. Jim
Thu 26th Dec 2024 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
EUR/USD Break-and-Retest: Next Stop 0.97?Weekly Timeframe:
Clear downtrend with a rejection at the 50 MA and a break below key support. Next target lies around 0.97-0.98, a major demand zone.
Daily Timeframe:
Confirms the bearish bias with a retest of the broken support, now acting as resistance. Price remains below the 50 MA, signaling continued downside.
Correlation:
Both timeframes align in a bearish trend. Weekly sets the direction, while daily refines entry opportunities with break-and-retest setups.
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
XAUUSD Hello traders and investor
What are your thoughts on gold?
Gold. After a significant drop last week
Has shown a reaction near the support
Zone and entered a corrective phase this
Upward correction is expected to
Continue until the price reaches the
Specified resistance zone,
Based on the market structure. It is
Anticipated that after completing the
Correction the price will likely reverse
From the resistance zone and decline
Towards the identified support level.
❤️
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Fri 20th Dec 2024 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context:
The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend.
4H Perspective:
The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement.
Updated Trade Plan:
Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup.
If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend.
💡 Key Takeaway:
Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
XAUUSD Hello Traders and investor 👋
What are your thoughts on Gold
After yesterday's significant drop. Gold
Is currently in a corrective phase . This
Correction is expected to continue with
Some consolidation in the current Range
Once the correction in complete. Gold is
Likely to resume it's downward movement toward the identified targets ❤️