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Making The Right Decision On RE hit highs..Hey Traders, So the pound is going for a third hit in quick succession on a prev resistance zone. UK GDP news today did little to move anything at all and did not come at a suprise like the last inflation report and reaction from the UK Central Bank BOE.. WHY? Because there is no major downside sentiment whacking it down. That's why. Markets need impetus to make moves and you are lacking it at the moment. That is why falls have not been vicious and quickly rejected a local PA zones to the downside. There's no reason for it and not enough Poor GBP sentiment. We can however wait for a sentiment inflow to attain better prices. That means if you are looking short you must do so lightly especially as the level also contains ONLY weak PA. We can use our Key MA's smartly to determine where price is returning to reality off from the last harsh fall and fast rise. Closer to higgher MA's = better shorts and vice versa. The bottom Line as a channel on the chart describes where we can look to RE long on PA bounces. And absolutely you are too late and do not want to be a buyer. These are previous highs and not previous lows and you are getting a far worse deal than if you were buying on a fall of 1/2/3% to the downside. Remember, you want to pick up a good deal and you do not want to be on the bad hand inside the GBPUSD Market. Looking for shorts nearer circa 1.26+ Longs down lower nearer 1.20 Risk Averse.
by WillSebastian
SasanSeifi 💁‍♂️🟡 GOLD 4H ⏭ 1975/ 1979 ⬆HI Everyone✌As you can see, by examining XAUUSD the price fluctuated positively from the range of 1955. It is currently trading in the range of 1968. in the 4 hour time frame. We can expect the price to grow up to the target of 1975 and the range of FVG 1979/1984, and then by filling the FVG, there is a possibility of a slight correction of the price. We have to see how the price will react to the range of FVG. The desired targets are 1975/1979. Maintaining the range of 1955 is important for a positive swing. ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
OANDA:XAUUSDLong
by SasanSeifi
Bearish on the Euro below 1.0930Ever since the 1.1033 high from early February, it seems like the Euro is trading in a complex W-X-Y correction. The 1.0930 level reached last week is the critical point we are looking at. As long as we continue to trade below it, odds favor another run lower which should break below 1.0516, targeting at first 1.0460, the 38.2% retracement of the rally from 0.9569. A break above the mentioned resistance negates this view and confirms that the correction ended at 1.0516.
Short
by tchamoun
Sell Trade Setup On GBPAUDHey Traders, Obviously GBPAUD is madly bullish on 1D, 4H and 1H! No single doubt about that. However, on 30Min TF, it just broke structure, and that is very important cos 30Min is the fractal TF 4H and 1D traders uses in executing their trades, but that is not the show! On 1W TF, the price is trending in a Symmetrical Triangle, and that spiky s**t we saw last week made the retest of the upper band trendline active, now the rule of Symmetrical Triangle is that, it can either go up or down, but we are talking about Weekly TF here so a lot of things can happen fractalizing the TF, you can sell, and Buy. Breaking the market down to 30min, it just showed a very spiky Head and Shoulder pattern and the retest of the neckline just got triggered, i am looking to sell it down to retesting the Trendline, then wait if there is going to be a BOT of not.
Short
by Adefxc
3
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. 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. 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. 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. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
USDJPY Long Setup, looking strongGood morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137, however, as soon as we have left this range in the past, volatility has kicked in, both ways. We have broken through the high of 137 two days ago, making the idea very plausible and easy to understand. This is my Game Plan: - Clean push above 137 - Pullback onto 137 area, preferably seeing a pullback down to 136.8 - Consolidation on the red line, smooth prices needed here - No big slippage into the box, staying around the red line - Trigger signal once price starts to recover between 137 to 137.2 - Entry upon jumping out of the box This trend setup looks very strong because the higher timeframes support the direction we are trading in. Make sure to follow my Tradingview for more ideas and check out my BNB short post, we are in profits! Thanks for tuning in and let me know if you liked the video in the comments below. Many thanks. TraderCH
Editors' picks
Long
by TraderCHgold
7
The Winning Formula..Hey Traders, You'll have seen on my prev editors pick we looked to short USDJPY. It tumbled enormously. But, as we predicted it comes back up for RE entries on shorts. Where you re enter short is incredibly important; too early and you will lose money, too late and you will lose money. The sweet spot comes when you trade 'factual price' levels and what is real to you and me. Within this is following the natural flow of a market. That means, when you rebound up on longside trades you are looking to rebound down on short side trades. But these short side trades are not one trade, they are a series of trades following the new trending market, as you can see we have here. Entry 1 gives you gain 1,entry 2 gives you gain 2. This can be followed until ultimately you reach key PA levels for longs. That's because your bias must change once the validity of the market direction is no more. In other words, the low price is too low to short. Trade with a plan.
by WillSebastian