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20 Strong Reason for short NZDUSDUpdate 27/07/2022 1 Structure 1/2 : bullish to sideways down 2 imbalances :target marked 3 Current Move 3: impulse 4 Entry TF : D1 4.1 ETF Structure: Bearish 4.2 move : Correction CIP 5 CIP 6 FIB: strong rejection at 50 almost done 7 candle Pattern: Up Momentum but not able to break resistance 8 Chart Pattern: Falling wedge Resistance 9 Volume : Very high on reversal 10 Momentum: Bearish to side ways 11 Volatility : Somewhere bullish 12 strength: curve bearish in bearish 13 Sentiment : weakest in commodities driven 14 Final conclusion: for refine your entry you also need to switch your tf in d1 to h4 15 Buy /Sell/Wait : Sell 16 Entry: 0.6225 17 Sl: 0.6255 18 Tp: 0.5856 19 Risk to reward Ratio: 1:17 Excepted Duration : 15days
Short
by Optimum369
Trading Sessions in Forex | Trading Basics 🕰🌎 Hey traders, In this post, we will discuss trading sessions in Forex. Let's start with the definition: Trading session is daytime trading hours in a certain location. The opening and closing hours match with business hours. For that reason, trading hours are varying in different countries because of contrasting timezones. ❗️Please, note that different markets may have different trading hours. Also, some markets have pre-market and after-hours trading sessions. In this post, we are discussing only forex trading hours. The forex market opens on Sunday at 21:00 GMT and closes on Friday at 21:00 pm GMT. There are 4 main trading sessions in Forex: 🇦🇺 Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT 🇯🇵 Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT. 🇬🇧 UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT. 🇺🇸 US (New York) Session Opens at 12:00 GMT and closes at 21:00 GMT. Asian trading session is usually categorized by low trading volumes while UK and US sessions are categorized by high trading volumes. Personally, I trade the entire UK session and US opening and usually skip Australian and Asian sessions. What trading sessions do you trade? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Education
by VasilyTrader
2
EURUSD BULLISH OULOOKThe common currency of the European Union, EUR, is gradually moving away from parity with USD. Investors were moving away from EUR due to the uncertainty with the situation in Ukraine and due to the refusal of ECB to increase interest rates. . US, being one of the first to increase its interests, have lured investors to invest in USD, but now the sentiment is shifting, after hawkish rate predictions from ECB and the news that the gas will start flowing as expected and potential energy crisis might be avoided. RSI indicator has escaped the oversold area and MACD's histogram is above 0 level for the first time for more than 2 weeks. Although reaching the levels of May is not likely in the near term, the pair might try to reach levels of 1.04 On the other hand, if this predication does not come to fruition, USD might try to reach parity with EUR again. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
What is Forex and How Big It Is?💱 Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates. Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily. Forex market is a vital element for a global economy because it provides capital exchanges between the countries. The main market participants of forex market are central banks, commercial banks, commercial companies, hedge funds and investors. 🕰In order to grasp how big is that market, take a look what is happening on that just in 60 seconds: 📎Total transactions value reaches 3.52 billion US dollars. 📎 1.15 billion dollars of spot transactions. 📎 1.65 billion dollar of exchange swaps. 📎 Total transactions value involving USD reaches 3 billion US dollars. 📎 Total transactions value involving EURO reaches 1.1 billion US dollars. 📎 Just one single EUR/USD pair accumulates 812 million US dollars transactions value. It is hard to imagine how such big amounts are rolling with such a frequency and how insignificant are the orders of individual traders. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
6
Outlook on WTI: Bearish play seen On the H4 time frame, prices are showing bearish order flow with lower lows and lower highs being formed. On the H1 time frame, a pullback to the resistance zone at 107.00, in line with the descending trend line, 78.6% Fibonacci retracement, graphical resistance level and 100% Fibonacci extension level presents an opportunity to play the drop. Our next support target at 100.20 coincides with the potential 61.8% Fibonacci retracement. Stochastic is also showing limited upside as well before it reaches resistance, in line with prices.
TVC:USOILShort
by shermzT
1
EURAUD 4H LongWhats up everyone! I see i hvae gained a lot of followers recently and i want to say thank you to you all! I love interaction so please feel free to comment on the posts or send me a message (not sure if you can here). I will try my absolute best to post the best setups with the highest probability of winning. I am a swing trader so these charts will take some time to hit profit so be patient. I also trade US30 on the 15min but it moves very fast so i dont post my entries since most of the time im already at break even when i am able to post. If you're interested in hearing more about the US30 trades shoot a comment! EA has tapped into a huge Daily Zone and just created 4H RSI Divergence, which from past posts you know is my bread and butter. Simple easy trade here, we go long, SL at 35pips and target the Supply Zone sitting higher!
Long
by scottmal89
AUDUSD: Your Trading Plan For Today 🇦🇺🇺🇸 Hey traders, AUDUSD is currently trading within a peculiar zone of confluence: we see a perfect match between a recently broken horizontal supply area and a falling trend line. I expect a bearish accumulation within the underlined area. Your confirmation to short will be a double top formation on 1H time frame. 0.6844 - 0.6854 is its neckline. Wait for its bearish breakout (you need an hourly candle close below), then sell on a retest. Target will be 0.677 Stop will be 0.69 If the price breaks a yellow zone to the upside, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5