Forextradingzones
Trading Signal For GBPJPYTrading Signal:
There is a Trading Signal to Sell in GBPJPY Currency Pair.
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Long opportunity in EUR/CHFReasons-
1) Weekly & daily trend is up
2) Bullish OB
3) Small stop for a big reward.
Kindly trade at your own risk.
Good Luck ^_^
LONG OPPORTUNITY IN AUD/USDReasons-
1) Weekly & daily trend up as per 200 ema & Ichit Cloud.
2) Buying pullback in a uptrend.
3) Bullish OB.
4) Small stop for big targets.
LONG OPPORTUNITY IN AUD/NZDReasons-
1) Higher timeframe trend up as per Ichimoku cloud & 200 ema
2) Inverse Head & Shoulders neckline brake + retest.
3) Buying pullback in an uptrend.
4) Bullish divergence on H1 (macd histogram)
5) Small stop for big reward potential.
Kindly trade at your own risk.
Good Luck ^_^
US30 - Potential Trade Idea Waiting for strong momentum/volume. Looking for a break and retest of previous highs. Potential Long trade idea for tomorrow.
SHORT SELL OPPORTUNITY IN NZD/JPYInstitutional order flow :)
Kindly trade at your own risk.
Good Luck 🤞
GBPNZD short trade on the move ↘️✅📉Hello traders.
Before I logged off for the day I just had to get this idea out for GBPNZD short trade which has made the right move so far.
This pair got me an editors pick on a previous idea and as a results holds good vibes for me. That idea can be found in the link at the bottom of this.
We are working the 45M chart here using our strategy is set to a 1:1.7 risk reward ratio.
The strategy in use simply sits in your TradingView and can be set to how you want to trade.
The strategy is a trend follow strategy and we simply enter trades when they are alerted to us.
In this case I am working to a take profit target of 113 pips and have a stop loss set at 60 pips.
How do I know this method of trading employed works on the pair in question?
The strategy we use comes complete with a built in back tester.
The way I have the strategy set up to trade this pair I know from the back test data the pairs past performance trading in this manner.
That data can be found at the foot of this idea. Data is based on £2000 starting capital with 2% risked. The data tested is a full years worth of data but can go back further.
Having the data of 83% profit and 48% win rate based on 86 previous trades gives me great confidence to go and execute trades in the market place using the strategy I have applied.
I don't recommend jumping on random trades found on TradingView as that is no clear trading plan and consistent results wont be achieved.
Instead take the time to press the sub menus on the data show below and noticed how every trade is also logged and accounted for by the tester.
It's this level of clarity and having a robust trading plan that gives consistent results.
For any more information on the strategy in use please feel free to drop me a message.
SELL GBPJPYVery fast rise in the GBPJPY today, due to the strength that the pound has found in these European market compasses. However, the resistance has not been able to overcome it and the most likely thing is a drop in the market as in a few hours the Japanese market will open and the macroeconomic expectations are favorable. Good operation to enter in short and to obtain a small profitability.
Signed by: FxProfitSignals Group.
SHORT SELL OPPORTUNITY IN USD/CADReasons-
1) Weekly & daily trend is down.
2) Order block.
3) Stop hunt just happened
4) Small risk for high reward.
Kindly trade at your own risk.
Good Luck ^_^
SHORT SELL OPPORTUNITY IN CAD/CHFReasons-
1) Weekly trend is down as per 200 ema & Ichimoku Cloud.
2) Decisive rejection from daily range tops (resistance level)
3) Stop hunting took place recently at the top.
4) It's likely that institutions are creating liquidity to get their short filled.
5) Small risk for high reward possiby.
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK 👍
SHORT SELL OPPORTUNITY IN GBP/CHFReasons-
1) Weekly & monthly trend is down as per 200 ema & Ichimoku Cloud.
2) Current market structure is sideways/trendless.
3) Wyckoff distribution phase.
4) Decisive rejection from the upper range (key resistance) on the daily chart.
5) Small stop for reward 3x the risk taken.
6) Fibo golden ratio 0.618
Kindly trade at your own risk.
Good Luck ^_^
Game Plan #forexThe Chart: price has entered back into the weekly range into the near term support area. As long as price stays above 0.7080 the trend is still to the upside. Below that level the low end of the range (0.7000) will be in play.
The Narrative: The stimulus plan has been outlined and recent inflation numbers and retail sales have been announced. The short dollar trade is nothing new so there hasn't been much of a reaction to the recent news/data. The FED has been adamant about letting inflation run hot. Unless there is a more risk off tone to the equity market, we have to assume the downtrend in the dollar will continue even if it is sideways in the days and weeks to come.
LONG OPPORTUNITY IN EUR/USDReasons-
1) Weekly and daily trend is up.
2) Buying pullback in a uptrend.
3) Stops just got hunted by institutions.
4) Small stop big reward possibility trade.
KINDLY TRADE AT YOUR OWN RISK
GOOD LUCK 👍📈
Game Plan #forexEUR/GBP has been in a range for months now but is starting to show some weakness on a near term basis. If we can close below the weekly range low the 0.8932 area and remain below the downtrend line then the next stop should be the lows from November 0.8850. Given all the headline news about COVID and the UK it would appear to be negative for the currency but price is telling a different story for now. We have also seen a pick in the rate of change to the downside which may also be a sign of more selling to come. If we clear the downtrend line to the upside then the short play would be invalidated.
