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EURUSD NY SESSIONAs we are observing now, EURO is pushing upwards heavily, and this is in part due to the current situation that they are collectively facing. But all that being said, i havent checked any news but if the central bank issues funds to the European countries, we should expect a rise in price since the economy would be stimulated from that. From a technical standpoint (my prefered method of trading), we saw a HUGE push just now and preceding that was a lot of indecison and small moves; doji's and such. Basically a hold of price to increase liquidity. As we speak now, im currently waiting for price to retest on the orange line since this was the high we needed to break. After i see a retest, i will enter a long position hoping to close out at my target marked above, with possible pullbacks involved. that being said we can take profits after each surge and come back in on each low of a pull back. Trade safe, Trade smart, Trade to WIN. Expect to WIN and you will be great. Thank you guys for checking in to PRECISION FX and ill see you in the next one!!
by fastboiijd
1
GBPUSD NY SESSIONHey peeps, im back with another ideaaaa. If you havent already, go ahead and follow me on trading view for some of that precision goodness within your trading. We strive for greatness around here. Lets get on with the idea shall we. So we can see the london session pushed price way up and price recently hit the trendline resistance i have marked. Currently, i am waiting for price action at this trendline because if we end up breaking it, we will most definately have a surge upwards. However, NY session is known to reverese and we essentially created a high of the day in the London session. This would be a reason for me to be inclined to sell. For a short position, ( I already scalped a short earlier this morning) i need to see a rejection at the trend line so i know to continue downwards and ride the pair to the low of the day essentially, taking out levels as we go. If we want to long, we need price to break this trend line AND retest it because if it doesn't retest, price can easily fall back into the channel. As we wait for price action, remember to trade safe, trade precise, and trade to WIN. Expect to WIN. See you guys in the next idea, thanks for stopping by! :)
Short
by fastboiijd
EURUSD IDEAS (NEXT SESSION)YOOOOOO Back with another idea snipers, this one's looking at the EURO; so that being said i posted an idea to my GBP idea just now, ill include the link with this idea. Lets hop into it shall we. Since we know GBP and EUR have a positive correlation, we can kind of look to take long approach since GBP is looking strong in terms of the bulls power. As i have marked on my chart, i have price in this distribution box and currently waiting to see which direction price decides to jump out of. If we see a break on the lower side, we are going to have to wait for a retest since the local trend is upwards, meaning we need more confirmation for an entry. If we break on the topside however, we will wait for price to hit the resistance above (orange line) and depending on the strength of the move and whatever happens at the level we will take a long.
by fastboiijd
GBPUSD NEXT SESSION IDEAS (Long)YOOOOOO whats up snipers, i got another idea for you guys. Im gonna be real quick with the analysis so lets hop into it. GBP/USD has been pretty slow for monday and tuesday as far as movement but i think we finally are gonna see some plays. It looks like gbp wants to rise in price in the path i have marked. I say it wants to buy because on the hourly chart as well as the 15M chart the EMA's i have plotted are crossed over and thats a buy signal in my strategy. As of now im not taking the trade becasuse of the time of day. SO we shall see what london session brings and go from there. I rarely trade london session so im going to have to adapt to the market as we all do as traders. THANKS FOR STOPPING BUY, DONT FORGET TO CHECK OUT MY YOUTUBE CHANNEL (FASTBOII JD) FOR MY PROGRESS AS A FOREX TRADER. DONT FOR GET TO LIKE AND FOLLOW ON TRADING VIEW, I POST AS CONSISTENTLY AS I CAN :))))
Long
by fastboiijd
Gold - Longterm Institutional SellOANDA:XAUUSD Analysis & Trade Idea 💡 On the daily timeframe Gold seems to be in overall distribution from August the 10th after the market reached all-time highs. Key supply (support) and demand (resistance) zones have been highlighted in green and red respectively, it is worth noting that gold respects whole levels as points of entry for the sell as these correlate with demand (resistance) zones. The key point of interest on the daily timeframe is the daily buy to sell Institutional Candle, a potential swing trade has been highlighted which incorporates the 1950 whole level, this is also within the 78.6% discounted price range of the Fibonacci, in addition, the market will be able to sweep the liquidity created at the 1930 whole level given the market movers motivation to reach this POI., for this reason, I have a short term bullish bias before a sell-off initiating from this level, this would also fulfill the UTAD (Upthrust after distribution) of the redistribution schematic which started to form at the beginning of October and the LSPY (Last point of Supply) in the distribution schematic that started to form after the all-time highs were established in August. Let me know your thoughts?
OANDA:XAUUSDShort
by digital_dwight
6
EURUSD IDEAS FOR MONDAYHey guys, sorry i disappeared for last week, i had a lot going on but i can say im back with that POWAH BABYYYYY. Anyways let get right into this idea and what im expecting to see for the next session. It looks to me that Euro is weakening because price is at a high. It made a lower high compared to the local high right next to it and it would look more sensible if it broke down a little bit. If we use an indicator, you would see that the 4H RSI is over bought and could potentially be ridden down to the lower precise. This doesnt negate the fact that the overall trend is upwards for the whole entirety of last week. I have the main trend in purple so its easier to visualize what im talking about. With this in mind, it is entirely possible for price to continue upside and break the current resistance to make a higher climb. As of right now we see that price is dropping so until i see a break of that top resistance im seeing more short potential over long Thank You guys for checking out my idea and dont be shy, FOLLOW me for updates when i post, i got more coming as i trade, just had to take a break from posting for a bit and get my edge back.
Short
by fastboiijd
GBPUSD NEXT SESSION PLANS YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick to the volatile hours of the day. So I have to setups here, one continuing the drop we saw earlier, and one suggesting that price is making a bunch of liquidity to shoot back up during more volatile hours. Now since we are sill in an uptrend on the hourly and the 4h chart, it be more logical to be biased for a buy. that being said, price has gotten comfortable around the trendline i have marked in red. If we see a break of that trend line we can be safe in saying price will continue to drop. For further verification we can wait for price to break the support just below that trend line (in green). If price decides to shoot up, we will most likely see a break out candle simply from all the built up liquidity on this little channel we have i guess you could say. Either way, we are ready either direction price wants to go. But to be one sided im going to be looking for buys before sells simply because of that trendline moving upwards. Thanks for checkin out my ideas, hope you guys enjoy the content and dont forget to follow me to stay up tp date with my ideas daily!!
Long
by fastboiijd
1