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USDCAD BREAK OR BOUNCE? Pair: USDCAD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle ————— Key Takeaway: Mainly bullish for USD but due to strong resistance, this trade could go either way. We are either looking for breaks of resistance trend line or bounce, keep bias open and opinion open for any possibility ————— Level needed: need a close by — ————— Trade: NEUTRAL RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
EURUSD HEAD AND SHOULDERS SETUPPair: EURUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulders pattern ————— Key Takeaway: Overall very bearish for the EUR and this seems like an amazing point to short as we have seen a break of support and a re-test using it as resistance, we will see how we start when the market opens ————— Level needed: need a close by 0.97370 ————— Trade: Short RISK:REWARD 1:8 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
AUDUSD CONSOLIDATION BREAKOUTPair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation break ————— Key Takeaway: Been ranging for some time now and we finally saw some breaks to the downside toward the end of last week, we are looking for re-tests of this broken level of support before shorting as USD has gained some strength pushing this pair down ————— Level needed: need a close by — ————— Trade: Short RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
GBPUSD BREAK OR BOUNCE ?Pair: GBPUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Just approached a very significant level of resistance where we have seen alot of consolidation. We could either see a bounce or break, we have to be ready for either move ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
USDJPY ASCENDING TRIANGLE BREAKOUT?Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, breakouts ————— Key Takeaway: We have seen price consolidating in a ascending triangle manor for the past week and we might finally see a breakout this week. We have been using resistance and high volume profile together and the level is seeming difficult to break, due to upsides of USD we are looking to break these levels and entering long ————— Level needed: need a close by 144.965 ————— Trade: LONG RISK:REWARD 1:3 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
GBPUSD POTENTIAL UPSIDES AFTER THE BREAK?Pair: GBPUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern ————— Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a retest before entering long although price could find is difficult to break this level and we could see downsides, we have to keep our mind open to both possibilities ————— Level needed: need a close by 1.12330 ————— Trade: LONG RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
EURUSD SUPPORT BREAK AND RETEST CYCLE AGAINPair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback) ————— Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat the same pattern again. We are waiting for price to hit these high levels of reaction and then looking for high bearish momentum as confirmation for short entry ————— Level needed: need a close by — ————— Trade: SHORT RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
1
AUDUSD CONTINUATION SETUPPair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, pullback, fib levels ————— Key Takeaway: Overall bias for the pair is bearish as we have been down trending in this trend channel for weeks now, we could expect to see some sort of pullback to resistance at the start of the week before plummeting back down ————— Level needed: need a close by — ————— Trade: SHORT RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
EURCHF TREND CHANNEL BREAK OR BOUNCE ?Pair: EURCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break or bounce ————— Key Takeaway: Alot of bullish movement for the pair so we could see break of the trend channel although this momentum could be exhausted and we could bounce and reverse bearish ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
EURUSD WILL WE BREAK OR BOUNCE ?Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top?, ascending triangle pattern ————— Key Takeaway: Price has reached resistance level and could possibly be forming a double top, if we do we will look for short trades. On the other hand EUR has been showing some signs of bullish steam so we could break, retest and continue bullish from broken resistance ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
USDJPY REVERSAL TRADEPair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top ————— Key Takeaway: Price has been consolidating around this level of resistance for some time and seems to be breaking it bearish. we have seen a double top form indicating reversal and have also been using high volume level as strong resistance which cannot be broke ————— Level needed: need a close by 144.595 ————— Trade: short RISK:REWARD 1:4 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
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