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Forextradingzones

EURUSD Bullish plan - Week14Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths. Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for confirmation although the front run has already begun. Trade the plan: - Wait for a break above resistance - If broken, hold for a pullback and retest - Enter on support with a tight stop loss - Trade on the 4hr/1hr chart PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
Long
by Youza
EURCAD short valid🇪🇺🇨🇦✅Morning traders. Bank holiday I know but I like this pair so thought heck why not. The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short. The trade is just shy of 1:3 risk reward trade and is well under way. As with all my idea strategy test data can be found at the bottom of the screen. The data shown is for year to date performance but I have traded this pair for over a year now with great data stretching back to Jan 2019. Data is based is on £2000 starting capital risking 1% per trade has seen 27% ROI so far this year. Having the strategy tester enables me to enter the markets with a proven trading strategy. I don't recommend jumping on random TradingView ideas as this is no way to build a trading plan or consistency. Lets see how this one plays out. For any questions on the strategy in use feel free to drop me any questions. Thanks for taking the time to read my idea. Rich.
Short
by RichScott
GBPJPY long valid 🇬🇧🇯🇵☑️Afternoon traders. It's been to long between ideas my apologies for this. Here we have a valid long trade on GBPJPY. After last weeks successful 100 pip sell trade our strategy now says it's time for a buy. Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated. I simply set the strategy parameters up and use the built strategy tester to back test the viability of how I have set up the pair. Once I can establish I have a known proven EDGE I simply enter the markets in full confidence and let trades play out. It's as simple a that. No excessive hours analysing charts, no mental burn out from constant decision making for trades. As with all my ideas the back tested results are always provided at the foot of the idea. The back test results are based on a £1000 capital and risking 1% a trade. The results are for two full years of trading! For the pair in question I am working to a 1:2.5 risk reward ratio. Any questions on the methods used feel free to drop me a message.
Long
by RichScott
GBPCHF HEAVY SHORT OPPORTUNITY!!Last week, the COT data came out and showed that with time, the CHF has been becoming strong against the GBP and the technicals have been proving it. On the weekly weekly chart, the candle has flipped bearish meaning that the long impulse could be coming to a close. We are most likely to see a retracement on the weekly which will be a huge opportunity to short the market. I think the market will be heading down to the green line in time before a further push to the upside.
Short
by joebakwa7
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