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.
Londonsession
XAUUSD: Last Trade Idea +500 pips, Will Price Move to $2600?OANDA:XAUUSD
Our last idea moved up +500 pips and now we expect price to continue growing up to +500 pips straight up. However, tomorrow news can alter our plan so we would advise you to take extra care. Good luck.
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!
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 .
Forex Analysis London session
This a quick analysis and overview of the following pairs:
EURUSD, USDJPY,GBPUSD and CADJPY.
Most of the major pairs are waiting for the major economic news this week, so be careful take quick profits or loss and be consistent.
Happy Trading.
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!
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.
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!
CAD/JPY Short Term SellBased on our weekly analysis yesterday, CADJPY is one of our Sell Pairs. We are trading the CAD/JPY for a short-term sell looking for a target below 113.30. Stop loss above 114.40.
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.
EURUSD SHORT - LONDON SESSION - 1:10 RRWith a broken structure on the HTF, I'm anticipating a bearish reversal. There is a likelihood this reversal might run into the OB created yesterday producing a 1:10 RR. If this were to happen, it will coincide with the red news scheduled in New York session later today. This is a high risk proposition so trade carefully.
XAUUSD Short - London Session - 1:4 RR (Sell Now)With price accumulating within Asia session, I'm anticipating a shift to take place in London. The bias is still bearish. Price HAS now purged M15 IH indicating an imminent move to the downside. Sell now.
EURUSD Long - London Open- 1:5 RRThis is a continuation of yesterday's setup. Im anticipating price to purge the short term low and then to rally towards the daily target. Potential RR on this position is a 1:5
EURUSD Long - London Session - Buy now 1:4 RRVery clear target towards the daily high. Price has indicated a willingness to expand outside of the current range within the London session. Entry at the imbalance created within the London open. Enter either with a pending order at the imbalance or a market order as price could rally anytime soon
ICT Long setup AUDJPY, London Session👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in EURUSD for scalping.
Please refer to the details Stop loss, FVG(Buy Zone), Supply Zone 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!
GBPUSDPrice struggled a strong break of Asia range high - Targeting sell side liquidity - Expecting a move down to 30min fvg
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.
EURUSD REVERSALHello traders,
At this price point, A lot of bullish pressure is building up and the tables have turned against the bears.
Additionally, being a Wednesday which is a good day for reversals I expect the price to make new highs.
Share your sentiments in the comment section below.
EUR/USD LONDON (BUYS)1. HTF IS BULLISH
2.Price created a breakout and retest so i am expecting price to go higher to form a higher high
3. After price formed support i entred on a bottom wick entry.
Target is 25 pips
RR is 1:1
What is ICT Power of 3?Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023
FOREXCOM:XAUUSD
Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery.
Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days.
Those 3 things are; Accumulation, Manipulation and Distribution.
AMD:
A: Accumulation
M: Manipulation
D: Distribution
1. Accumulation: They accumulate liquidity through the delivery of a ranging market.
The purpose for delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction.
2. Manipulation: After accumulating both buying and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders.
But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute price in their real direction for the day.
3. Distribution: After manipulating price to a particular direction different from their plan, they then distribute price to their original intended direction.
e.g to buy, they will first sell the market and then buy at the discount price level.
Example of Power of 3 on Gold
AMD:
A: Accumulation
M: Manipulation
D: Distribution
Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts.
Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance.
Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
Is the FTSE100 setting itself for a rally?Triple Bottom seems to be forming on FTSE100...
Could it be showing signs that it wants to rally for the rest of the year?
If so, we need to wait for the price to close above the neckline before acting.
Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled.
Price <200 (Bearish)
21>7 (Bearish)
RSI<50
Target 8,280
NQ | Liquidity Sweep | ShortWaiting for the arrival of Buyside Liquidity to be taken, then on the m1, look for displacement in the opposing direction (Short). Ideally, this would setup a Fair Value Gap when it displaces, which I will use for entry.
Im overall short on NQ and anticipate that when the buyside is taken as liquidity (during London Session), it may also create the high of the day, continuing short in New York Session.
www.tradingview.com
USTECH What to expect in on 2nd Oct 2023. USTECH has held a special place in my portfolio for quite some time due to its responsiveness to news related to tech giants. Additionally, economic news exerts significant influence on market trends.
I'm of the opinion that there is still potential for the market to gather more liquidity and for orders to be established before any downward movement occurs. Thus, I'm keeping my hopes high for the London/New York trading session.
