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CADJPY CONSOLIDATION BREAKOUT BEARISH?Pair: CADJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bearish strength for the pair and we are currently consolidating in a ascending triangle pattern after big push down, we cannot break resistance along with high volume level so we are waiting for a break of support trend line before entering short ————— Level needed: need a close by 105.475 ————— Trade: short RISK:REWARD 1:4 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
2
USDCAD CONTINUATION TRADE Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fibonacci retracement ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. We saw bears come through a bit before market close last week and we recon the momentum will continue to the vital levels highlighted for a re-test. We want to see bulls coming through at support, trend line and fib level 0.38 before we look to enter ————— Level needed: need a close by 1.35500 ————— Trade: LONG RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
1
XAUUSD shortidentify an edeg in any market. tranning simulationwhere the truth about market matrix loaded and failed traders can be properly reprogrammed towads profitability where succesfultraders can increase thire exting skills and increase their existing skills and increase their profit potential . market matrix. for all those hope to learn the skills of tape reading i recommend read about jasse liver more in classic invesmnet book: reminisiscences of stock operator by edwin efevre. candle stick chart all see indicator as well. there is lagg in that information if you waiting for the bar to close before you take trade that means you assume willing to take more risk. ok. i want take entre chart put into context. of the market. block buy happens. large buys, why the market drop, the buyer comes in market fails come down heavy selling, heavy selling .cross bar instiution selling. instution can initiate bigger moves middle of the bar to hide there orders, middle you can see volume with in a range composite that hide there information. as it start to lelease come up running away from value you see sellers are involves below of the bar these are possible retail traders jumping on .remanber below. obviousely sellers dominating in this example here what happens toward the end something gets too cheap keep selling they agrrasive sold here there not aggarsive below the bar,, above the bar.. what happenes is you take them into effect the trade location and then taking into effect price action price action trade arround. start eating up some of this sellers than you have responsive buying, and value is left beneath . most important component in trading is the risk mangement. and looking through auction process just having right information and we all undastand this volume lead to price . volume over time equals value.market seeks value, value is liquidity to place trades with in. market seeks , liquidity to facilitate . limit orders that hold their level for a period time and blood in the water market sharks eat up liquidity , market will trade those levels. youtu.be we need to forcuse on womman in the red dress. not just every order out here.
OANDA:XAUUSD
by YODA-TRADER
AUDNZD CONSOLIDATION BREAK Pair: AUDNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, consolidation period ————— Key Takeaway: Been consolidating by this level of support for quite some time now and we are seeing alot of big wicks on top of recent candles indicating the rejection of bullish momentum. We need to see a close below this level of support before we can enter short ————— Level needed: need a close by 1.11260 ————— Trade: Short RISK:REWARD 1:10 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom