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AUDUSD | LOOKING LIKE A GOOD SELLHey Traders! The market is showing a strong bearish trend on the higher time frames, with price action surpassing the weekly MA 20. The daily charts are also indicating a downward trend, with price trending below all moving averages and headed towards breaking below MA 100. This indicates a strong possibility of a further drop, particularly given the positive initial jobless claims data for the US. We might experience some rejection of the support but the overall setup is looking favourable for further downward momentum
Short
by FX-TradingLions
AUDNZD | I BELIEVE IT COULD BE A GOOD SHORTHey Traders! This pair shows strong bearish market moves. On the weekly chart, the price is moving between the MAs, and it has broken out of the daily channel. On the 4-hour time frame, we can see that the price formed a bearish engulfing candlestick and broke past all of the moving averages, including MA 200. This is a great confirmation from a higher time frame that the price could continue to fall. Now, we have a possible HTF re-test zone that is approximately 35 and 40 pips away. At night, however, we will get news regarding AUD GDP, which will definitely affect our trade.
Short
by FX-TradingLions
USDCAD | BUY AFTER IT PULLSBACK FOR CONTINUATIONHello Traders! 🔻Potential BUY setup for: USDCAD 👨‍💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels. 🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls coming back to the market whether with a bullish hammer or engulfing candlestick, after the pullback it would be a good risk reward.
Long
by FX-TradingLions
EURUSD | WAIT FOR PULLBACK THEN LOOK TO ENTER SHORTHello Traders! 🔻Potential SELL setup for: EURUSD 👨‍💻 Technical: Okay so a pullback is definitely happening, however it could bounce off the 20 moving average rather then top of the channel, so it touches MA you could look for entry if you get a candlestick confirmation. 🎯 For an ideal entry: I still believe the ideal entry would be somewhere in between two moving averages maybe even the top of 50, that would have a strong resistance level, and would give best risk reward.
Short
by FX-TradingLions
DXY 26th feb Lets talk about the DXY we have a HUGE possible move coming for this index the question really is what direction will it travel? overall we have broken structure to the downside on our daily timeframe but since then we have been bullish! The point we are currently at we have a lot of downside potential or on the over hand a lot of upside potential... Currently we've got the area of supply we sit in now stopping us from shifting up to our next supply... will it also shift us into a down move? only market open will tell us! be sure to watch this index as it will dictate alot of moves this coming week! not forgetting we have high impact news for the USD coming aswell... Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think. As always guys trade safe, stick to your trading plan. I hope you all have an amazing trading week.
TVC:DXY
by rosshayes
P2P | SPX - Mark upHey there trading family, just wanted to drop a few transparent pieces relating to any recent posts about #DXY. As I mentioned, I am overall bullish on the #dollarindex due to numerous reasons I explained in the videos. This mark up on SPX was on of the chart ideas I had from this previous week and my long term analysis was correct! So going over this trade, I'm simply using opposing forces combined with some #smt #ict knowledge of time and price (for the most part) and forming an idea around what SPX could proceed with next week. Now for the record I don't normally trade SPX so this was a step out of my comfort zone. I wanted to post it to show that, becoming a great you must accept loses, so in my mind I'm already thinking "this could go horribly right or beautifully wrong" lol but either way I'm okay with the risk so I would be okay with the trade. In conclusion I believe we will see SPX continue to fall but only in correlation to the dollar index. This mark up is more set on a long term Q by Q play so I will update the trade periodically! & No more disclaimers, I expect everyone who follows the channel to be wise enough and financially competent to trade at their own risk. Love yall, trade well, and make it your mission to put the work in all 2023!
SP:SPXLong
by Pips2Porsches