Get started

Institutional

EURNZD BULLISH TREND CONTINUATIONSIMPLE IDEA ABOUT EUR/NZD TO THE UPSIDE. IF THE PRICE RETRACTS TO THE TWO DEMAND ZONE WE WOULD HAVE A COMPLETE 3 WAVES CORRECTIVE CYCLE. THE FIRST ZONE IS WEAK IF YOU ASK ME BECAUSE THE PRICE WOULD NOT MAKE A ''COMPLETE '' CYCLE IF IT STOPS THERE. ALSO, THE STRUCTURE PRESENTS IN THIS ZONE IS BASED ON M30 TIMEFRAME AND BELOW ( I DON'T USUALLY TAKE THESE ZONES AS VALID ZONES). HOWEVER, EURO HAS A LOT OF MOMENTUM THIS WEEK, SO THE PRICE MIGHT NEVER HIT THE DEMAND ZONE AT THE BASE OF THIS IMPULSIVE WAVE
Long
by Corbeau_FX
GBPUSD NEXT SESSION IDEAS (Long)Whats up you guys, sorry i havent posted in a couple days, ive been dealing with personal issues. Anyways, hope everyone who follows me enjoyed that much needed weekend. Without further a due, lets take a look at this market analysis that i have drawn up this morning... So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session. I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade. Use correct risk management and trade safe snipers
Long
by fastboiijd
GBP USD PRE NY SESSION ANALYSIS (LONG?)Today is one of those days gbp is going to test your patience. I say that because in the beginning of the NY session we see a lot of rapid moves and reversals from the 2 levels i have marked on my chart. Lets dive in a bit: So first off, we are going to establish the commanding trend right now and believe it or not, that trend is upwards transitioning to sideways. This is because we broke the downtrend with strong upwards movement. This being said allows us to be more favored towards longs ONLY IF we see supporting price action to our set ups. LONGS: So if i want to enter a long, i need to see a bounce at the bottom level with strong upward momentum... it can be difficult to judge this rapid movement provided by the pair so im probably going to wait for a more structured move and let the pair loose a little bit of volatility to minimize risk. If we bounce on bottom, we can potentially rise back to the resistance and hope to see a break of said resistance and ONLY then will entering a long be less risky. SHORTS: As for entering shorts, if we see that price is pushing much harder to the downside we can prepare to enter a short, eventually hoping to break the support, retest it, OR have a strong bearish candle close below the support followed by another strong bearish candle. Im essentially waiting for price to become more structured to take a position, although we can scalp the chart either direction in this price channel, it is far more risky to do that since this pair likes to make sharp moves especially at this time of the session. Trade safe Snipers, Like the IDEA if it makes some sense or if you appreciate my analysis; i really appreciate the support guys :)
by fastboiijd
GBPUSD NY SESSION PLANS (NEUTRAL)Yeppp, another neutral, simply because this session in the morning was very undecided. Strong push up in the early morning, followed by a strong drop that lasted till maybe 3pm (ET)... That all being said, im more expectant of a short simply because the commanding trend on the 1H is downward (the dark red arrow) If a short were to form, we must wait for a break and a retest at the marked lower level. In somehow the buyers overpower the sellers, we will see a strong shoot up, maybe until we hit the top and have a bit of rejection. If going long i need to see a confirmation within the candlesticks (hammer, engulfing... ect) as well a s a break and a rest, simply because we have been selling so strongly the last few days. All this analysis being said, i hope you guys find my set ups useful, im working day by day to become the best trader i can be, and i appreciate all the likes and follows. Trade safe Snipers.
by fastboiijd
GBPUSD NY SESSION PLANS (NEUTRAL)Neutral? Yes neutral, and the reason why is quite simple. Follow me: So as we can see, price has tried (and succeeded) in breaking below the support we are currently faced with, however, buyers were strong enough to push price back up above the said level. Now what im waiting on is for price action to give me more clues about the pair's next move. Id be more in favor of a short simply because of the fact that the commanding trend as of now is downwards. If we were to see a long forming, i want to see some liquidity being built up so the pair has enough power to push up, following roughly the path i have traced out. However, if we were to see a short on this, we would need to see a break-out candle or something of the sort, its going to make itself apparent first, stop out all the buyers and take stops before it gets to push all the way down to that lower wick created by the hourly candle where my red path is marked Either way, we must be patient and allow the market to enter our crosshairs, then we can execute trades like snipers. Happy trading guys, and dont forget to follow me for more gbp usd ideas. I post maybe 2-3 times a day since im an intraday trader. Love you guys :P
by fastboiijd