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Londonsession

Focus on CADJPY: Pre-London Session AnalysisHi traders, The focus today is on CADJPY during the pre-London session. I believe we have a bullish setup forming, often referred to as a Late Session Reversal or Late Day Reversal. Price Analysis The bullish move in CADJPY began late during the New York session yesterday. The overall trend has been bearish, with the last leg showing a 3-wave extension below the accumulation zone. Interestingly, the downtrend's origin was marked by a momentum high, suggesting that price should, at a minimum, retest that level. So far, we've seen a completed bullish wavestructure with accumulation forming above High 3, indicating strong buyer interest. The plan is to buy into the next bullish wavestructure once price breaks above the current internal momentum high. Our initial target is 107.45 (the Momentum High). Fibonacci Analysis Using Fibonacci from the Low (0) to High (3), we see indications of further bullish potential. The High (5) or Internal Momentum High stalled at T1 (23.6% extension) of the 0-3 wave. This signals a likely continuation with a stronger second wave structure, aiming towards the Major Extension 1 (107.993) Wishing you a successful trading week!
Long
by Charts247TradingAcademy
1
GOLD INTRADAY CHART UPDATE Gold (XAU/USD) exhibited strong bullish momentum during the London Killzone, as buyers dominated the session. The market capitalized on key liquidity zones, driving prices higher in alignment with the prevailing trend. This surge reflects heightened demand and a confident push by bulls, targeting critical resistance levels. A textbook example of precision trading during one of the most volatile and rewarding times of the day, where opportunities were abundant for those positioned with the flow
OANDA:XAUUSD
by TradeAdvisory
London Session Forex Market Analysis: USD Strength Leads the wayHi Traders, Here’s a quick market analysis for the London session. We’ve observed some notable movements in the currency pairs under review. As a quick recap from our weekly trade planning session (Portfolio Selection): Strong currencies: USD remains the leader, followed by JPY, CAD, CHF, and AUD. Weak currencies: EUR, NZD, and GBP. The USD's bullish momentum is clearly dominating across the board, providing opportunities to target selling the weaker currencies against the USD. Remember to approach the markets with a clear plan and stick to your trading plan. Happy Trading!
by Charts247TradingAcademy
London Session Focus: USDJPY Momentum & Potential AUDUSD BuyThis morning during the London session, my primary focus is on the USDJPY. We anticipate a momentum low developing below the current price level. Additionally, the AUDUSD has flagged a potential buying opportunity around the 0.6450 level. The EURUSD and GBPUSD (Cable) are also showing potential for bullish moves; however, their price structures are currently less defined than those of the above-mentioned pairs. Trade wisely and happy trading!
by Charts247TradingAcademy
Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods. Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies. Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
Education
by Market-Analyzer
9
Trends and Potential Trades in GBPUSD, EURUSD, and USDJPYThis morning's analysis focuses on the current state of play in GBPUSD, EURUSD, and USDJPY. The overall trend for the USD remains downward, and this week has seen a continuation of that trend. GBPUSD & EURUSD In the short term, there is potential for a sell trade (Secondary Trend) as a retracement of the recent bull run towards the buy zone of the bullish wave. USDJPY We have observed a strong downward move to T1, and price action on the 15-minute chart suggests a potential buying opportunity after liquidity was grabbed at the low of the Tokyo session. Buying USDJPY (Secondary Trend) is a possibility, as the wave structure 2 is approaching its low, with wave 3 correction expected to be the next phase. Happy Trading!
by Charts247TradingAcademy
XAUUSD 09102024 30mPrice is still ranging on the HTFs. The daily candle on September 9 closed bullish at 2506.94 . On the LTFs, price is ranging between 2507.15 and 2500 . This is a high-risk range, so no trades will be executed within this zone. I will wait for potential buys above 2507.15 , targeting the daily resistance at 2516 and the 30-minute resistance at 2522.35 . I will look for potential sells below 2500 , targeting the 4-hour support at 2492 , with further downside targets at the 30-minute support of 2486 , or the previous daily low at 2485 .
OANDA:XAUUSD
by targetlock
2
Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts. We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible. If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend. For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend. The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart. Happy Trading!
Long
by Charts247TradingAcademy
2
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD. Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term. CADJPY: Bullish trend continuation after a structural reversal. Look to buy after every pullback above 117.50. GBPUSD: Intraday downtrend. Strong momentum high yesterday. Sharp rejection during the New York session. Expect price to trade below 1.2620 after a correction. AUDUSD: Strong downtrend. Directional bearish wave structure. Look for a correction to break above wave structure 4 before shorting. High probability of a new momentum low below today's current low.
by Charts247TradingAcademy
1
ICT Long setup London session EURUSD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in EURUSD for session trade (a couple of hours) Weekly chart is in down trend!! So that you couid wait for a reversal to downside as a Swing Short trade after this upward pulse alternatively! Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
EURUSD Short- London Session - 1:6 RR Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price currently within HVA Price traded above the 15mins buyside zone EU open where I'm looking to be a seller H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356) Potential RR is a 1:6 adjusted to a static RR.
Short
by Pips4Breakfastx
6
A Tale of the EUR/USD Forex PairOnce upon a time, in the bustling realm of the forex market, there existed a fierce battleground where bulls and bears clashed for supremacy over the EUR/USD pair. Our story unfolds on the 15-minute battlefield, where traders keenly observed the unfolding drama. As the sun rose on the trading day, vigilant traders scanned the charts for signs of opportunity. Among them was a seasoned analyst, whose keen eye for market dynamics brought forth a tale of shifting tides and looming intrigue. With a determined gaze, our analyst set out to uncover the subtle nuances of the market's structure. Like a skilled detective, they searched for clues that would reveal the intentions of both the bullish and bearish factions. Amidst the chaos of price action, a pattern began to emerge – a telltale sign of a weakening bullish trend. Higher lows were breached, and candlestick formations whispered tales of struggle and resistance. The bulls, once mighty and indomitable, now found themselves faltering in their quest for upward momentum. Yet, the bears were not to be underestimated. With each failed attempt by the bulls to rally, the bears seized upon the opportunity to assert their dominance. Support levels crumbled beneath the weight of their relentless onslaught, marking a significant shift in market sentiment. Undeterred by the challenges they faced, the bulls made one last valiant effort to turn the tide in their favor. Alas, their endeavors proved futile, and the bears emerged victorious, their roar echoing across the trading floor. In the midst of this tumultuous battle, our analyst saw an opportunity – a chance to capitalize on the newfound strength of the bears. With a calculated strategy in mind, they waited patiently for the opportune moment to strike. As the London session dawned, the stage was set for action. With nerves of steel and unwavering resolve, our analyst entered the fray, placing sell limit orders in anticipation of a retracement. And so, the story unfolds, a tale of triumph and adversity, of bulls and bears locked in an eternal struggle for dominance. In the ever-changing landscape of the forex market, only those who possess the keenest insight and the steadiest hand can hope to emerge victorious.
Short
by idafum
2