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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
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
Will the NZDUSD be able to hit the 0.70 lvl this Year?This pair is one of my top focuses for this year and I almost let it slip by. After conducting my R/A this weekend I came to find out that the New Zealand economy might start over heating and the RBNZ is possibly going to be in a position to keep rising rates. The RBNZ is looking to raise rates to around 5.5% (at least that is what is projected). The data on New Zealand is: Annual GDP: 6.4% and ranging Unemployment: 3.4% and declining Wage Growth: 4.3% and rising Inflation Rate: 7.2% and rising Industrial Production: 16.1% and rising Manufacturing PMI: 50.8 and ranging Retail Sales: -4% and declining Housing Index: 186.2791 and declining The technicals are also showing a double bottom and a descending wedge which adds to the probability that price might push higher. Sentiment is also pushing more towards neutral for the USD as there are starting to be increased talks about the FED slowing down on interest rate hikes and being more dovish. The Fundamentals, Technicals, and Sentiment are lining up which push my conviction lvl around the 60% lvl which got me to start planning on how to build a decent position on this pair. I have a position on this pair already at 10k (I am look to build to a standard lot for now). This is what I am look at. If price stays above the 0.60 lvl, then it is highly likely that price will push higher. If price pushes below the 0.60 lvl by the end of March, then I don't think I am wrong, but I would think that I was too early. I would take my loss and retrograde for now and then come back in. My objective is to build a position up on the NZD before the 0.65 lvl (possibly around the 0.63 lvl, if lower, that would be ideal). If I am able to get into a full position before the 0.65 lvl, see price push higher to 0.68, and place a stop around the 0.65 lvl, I would be in a good spot to just hold onto the NZD and see if it pushes up higher. If this doesn't work, like always, back to the drawing board to update my plan accordingly. But I think this is a high probability trade that will last for a while. Like always, these are my thoughts and this is how I trade. Please come up with you own plans and ideas and ways to trade. This can be extremely risky and with the uncertainty in the markets, I could potentially blow up my account if I am not careful. Y'all have some great trading out there.
Long
by DollarSaenz
SasanSeifi 💁‍♂️ USD/CHF 1H ⏭ 0.92500/0.92200 ? ❗❗HI TRADERS ✌ The Possible USDCHF scenarios are marked in the chart .We can expect that the price will be corrected to the range of 0.92500/0.92200. The possibility of a positive reaction from the range of 0.92500/0.92200 can be considered. Otherwise, if the low price stabilizes at the level of 0.92200, we may see further correction. We have to see how the price will react to the specified range of demand and orderblock The supply Zone is 0.93200/0.93500. If the price penetrates above the range of 0.93500, the desired scenario will be fielded. ❎ (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 🙏✌
Short
by SasanSeifi
2
SasanSeifi💁‍♂️AUD/NZD.6H UPDATE🔥😍✅ 127 PIP HI TRADERS ✌As you can see, according to the scenario, the price was able to correct about 127 pips up to the correction target range of 1.087/1.084🔥✌. It is currently trading in the range of 1.084. We can expect a positive reaction from the range of demand zone.It should be seen how the price will react to the specified ranges. Otherwise, if the price penetrates below the range of 1.074 and stabilizes, the possibility of further correction can be considered. ❎ (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 🙏✌
by SasanSeifi
How Sentiment Impacts TradingAs we have looked over the EURUSD lately its important to reflect on the why, how and what we are looking for in the future. (This would be a video, but I've had a load of mouth injections at the dentist)... So you can how the market rebounds towards our PRE-Determined short zone.. Some of you will remember WELL when I said the sentiment HAS to change and it will come thumping down. Well, that's exactly what's happened. The sentiment twists once again and we look for prices to fall so we can RE long. Look to lightly RE long as labelled 1.046 Area (risk averse Traders) This coincides with various TECH factors and allows you to see a very valid long zone. Looking for next week to assess movement and/or risk / entry / exit. See you soon!
by WillSebastian
4
EURCHF BuyPrice on EURCHF is trending down and hit a major support zone. There is a good probability price will reject off this support zone and pull up. I am a trend trader and the break of structure I labelled indicates the end of the trend and a chance of a reversal. To trade this reversal I need price to pull back and it has. Now I place a buy trade anticipating the market to reverse off the support because the downtrend might have ended. I have a really good risk to reward ratio. Now I remain patient and pray the price trends up.
Long
by StephenAdeniken