EURUSD short analysisHere are my thoughts on EURUSD on the hourly time frame.
Sorry i don't use indicators. Only price action to verify my trades.
What are your thoughts. Kindly share them below
Londonsession
US30 LONG POSITION I am currently in a long position in US30. Risk/Reward 1:7
I am not a financiappl advisor. Please trade withh proper riisk
Asian Range | Liquidity Trap | FVG & London OpenHey folks I hope you're all good and making some good untraditional profits 😉
Here is a model that you will find few days every trading week!
{Terms used in this Idea}
Asian Range:
a time span from 19:00 to 00:00 NY Time that forms every day except for Mondays.. Usually price taking of Asian Range's high or low means liquidity is taken and price "could" reverse short-term if that agrees with our daily bias..
London Open:
Time span from 02:00 to 05:00 NY Time when the market is very acrive. Price usually forms high or low of day during London Open..
FVG:
Fair value gab is a gab that forms between two candles separated by a third candle forming the gab (blue-shaded boxes on chart)
If you found that useful give it a ♥️LIKE♥️
💙Thank You💙
Glad to hear from you in comments✍️
GBP/USD London Breakout ScalpLearning to scalp the London market open in any time frame takes practice. You need a solid strategy that you have back-tested thoroughly before testing on a live market. Using this 15-minute scalping strategy requires the same testing and patience.
A resistance zone has formed around the 1.88 price point. This resistance zone was formed during the Asian trading session. So, Ideally, we like to see if we can catch a breakout from this range when the London market opens. If the opening candle itself breaks above the previous resistance, this does not always represent a true breakout. It could sometimes be a fakeout. As you can see, the price broke out of this trading zone as soon as the London session opened up. However, in that 15-minute candle, we saw the price retrace back into the zone and turn into a large bearish candle with a massive wick on top. This would indicate a fakeout on the lower time frames. The bulls were all stopped. This is why we must be careful and wait for confirmation of a true breakout. This is why I use a simple moving average to help confirm a breakout candle.
The moving average I use helps me with my entries.
I like to see the breakout candle begin on top of the moving average and then I like to see the breakout candle close very close to its high or low. Once I see that this helps confirm my entry. My target for scalping a London market breakout is always around a one to two risk to reward.
On this particular date in November, we can see that the pound has been regaining strength against the US Dollar. On the higher time frames, we are moving upwards. In fact, on the daily time frame, we can see we have finally broken the giant descending trend line that has kept the price below it for the greater part of this year. So, we should always make sure we are trading on the right side of the market. Use a higher time frame bias to confirm your market bias. If the market is bullish and trending upwards, wait for opportunities to go long. Conversely, if the market is bearish, wait for opportunities to go short.
Practicing a strategy like this provides you with one of the greatest skills a trader can have in their bag of tools – patience.
Do not just jump into the market when you see a breakout. Make sure all your criteria are met. If your criteria aren’t met for an entry, then watch and wait. Setup alerts, make sure you only enter when your entry signal is beaming. You need to be able to see your entry so clearly. This means you won't get entries all day every day. With this particular strategy, I may only have a few entries per week. This is perfectly fine and in fact, I like it. It helps me become a better trader.
The Vortex Trader
CADJPY READY TO TAKE FLIGHT?On the daily CAD-JPY is in a very strong uptrend so my bias is currently BUY. Considering all of that on the 4 hour time frame it is at a level of support which does not necessarily mean buy but I'm waiting for confirmation going forward to see what price action looks like. Currently sellers seem to have more control but during the London session this will be a good pair to look at.
Possible break and pullback for the (sell) at area of support.
or
Bounce at support.
Feedback is welcome.
Please follow I will be posting more analysis often.
GBPJPY 4 Nov - London Session - Sell Waited for price to retrace back into the last hour of asian session range and waited for price to close back outside. Took a sell position and targeting a 1:5. I tend to go with a slighly bigger RR (Risk Reward Ratio) because the trend is in continuation to the downside
When I am fading the breakout depending on price action. I go for a 1:1 RR
EURJPY - London Session Buy explained JPY had some news releases during Asia, presenting a weak JPY so i was already eyeing EUR & GBP / JPY.
When london opened, there was a minor news release, indication a strong eur, and i started looking for an entry signal
No LL was made
price moved sideway at my entry area and moved strongly
i entered the trade with a generous SL. took 2 trades as usual. 1 w 2r and 1 with 3r, which was nicely in line w Asian highs.
I did look into the possibility that the price will dip lower and go for the asian lows, but my TPs were not that crazy so I went with this trade.
Prices are nearing Asian lows now but i will only explore trade opportunities during the next london session.
FYI- my entries are on 5m but i cant post in 5m due to tradingview limitations.
thanks!!
GBPUSD Oct 31 - London Session - SELL Waited for market to break below, even if it was a wick and not a full body and then waited for a pullback into the Asian Session Zone and waited for a red candle to close outside of the range. Took a sell position for a 1 RR
GBPJPY 28 Oct - UK Session - Buy The market broke through the asian session high, once I waited for retest back into the range, I waited once more for the market to pullback. Entering this trade for a buy identifying all of the buyers momentum to the upside. Took my profits at 1:1 RR
DOLLAR INDEX DXY BULLS READY?In dxy dollar index price is tested its strong level of resistance multiple times which is 113.10 to 113.20 area and if break this area than we see the bullish momentum in the dxy price and we see price test its high of the wick which is 113.70 area also fill this wick because wick never lie/ and for the next target for dollar index is 114.07 area this is the target for next complete week.
GBPUSD Oct 13 - London Session Fade - BUY Price slightly crossed the bottom of my yellow square (Asian Session Low) Took a Buy stop in the middle of the range for 1:1. Turned out to be a good trade. Always remember to capitalize on the greedy traders. If your order never executes in the next trading session then it is ok to cancel and wait for another opportunity in the next London session
EURNZD Oct 11 - London Session Fade - SELL Market wick broke slightly out of my yellow box (Asian Session Range) and took a sell stop order at the bottom for a 1 RR. Market hit target fairly quickly
EUR/USD Short 11/10/2022Intraday short, asian manipulation, BOS, 1:4 RR ratio. Volumes shift candle confimation. 1% risk as always, good luck
GU shortsScale down to the one-minute TF to see my mark up more clearly. My reasons for going short on GU are...
+ Bearish trend overall
+Double bottoms, money sitting down below. People in long positions need to be taken out
+Voids below session low
+Asia session below void was not filled 100%
Going to wait for a BOS once we get a tap of void on 1M before entering, If I'm entering on the 1M TF I enter 1 pip in advance.
GBPJPY Oct 6 - London Session Fade - SELL Market broke the top of the high of the yellow box asian session, retraced back into the box and took a Sell Stop position at the bottom on the range.
3 levels, as predicted last Wednasday, 1025pips laterAs said last week Wednesday the market moved up its 3 days or 3 levels from the midweek reversal. I am not 100% sure if GJ has made a full3 levels up, as we did not have aggressive movements which are usually evident in separating the levels. However, GJ has moved up over 1000 pips since my entry last week Wednesday, this morning during London session, a perfect sell setup formed with a double Top, and sold 197pips from my entry at 164.701. This could be the midweek reversal, where we go down a further 3 levels, or we can continue on a strong push-up to make a continuation. For now I am out of all trades, pending London session tomorrow.
Please boost and spread the name if you like what I do, let us see how many followers I can get for my analysis.
Remember GJ IS BAE!!
GBPUSD Oct 3 - London Session Fade - SELL New month, new opportunites. Im wondering how much lower the global economies can go
Took a sell stop position on the cable, after market crept over the yellow asian session box.
GBPUSD Sep 28 - London Session Fade - SELL Market broke yellow box (Asian Range) and pulled back to the middle
Entered for a sell stop order and order has triggered, aiming for a one to one risk reward.
Will start to post result in comments below when it closes out to see what happened
GBPUSD Sep 27 - London Session Fade - BUY Market closed below my yellow box (Asian Range)
Taking A Buy Stop Order in middle of the range for 1:1
However, if the market reverses and we see a red engulfing candle close below the Asian Session range, we will enter a SELL position
EURJPY It will breakout to the upsideWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
GBPUSD 26 Sep London Session FadeLooking for a nice retracement heading back into the yellow asian session high and low. Sell stop in middle of range
Thoughts I think price will go to 0.96080
With that in mind we see price just came off that weekly fair value gap and broke structure to the downside
Guessing a fair value gap will form on the daily to facilitate shorts
On the 4H I'm expecting a pullback into premium before I consider shorts
But for day trades you can try to buy this as the pullback may seem as a trend on lower timeframes
Not going to talk about targets
hope this was helpful
GBPUSD Sep 15 London Session Fade - SELLPlaced a sell stop order in middle of the range. Market expected to rally down.
