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NZDUSD- push higher looks VERY promisingThere looks like there is a lot going on in this chart, ok so let me break it down for you. With correlation to my DXY weakness bias this pair is screaming for a move higher, technical are also on point. I took a long from the Breakout of the recent descending TL and bagged 5%, since then we have seen price push up higher however it is now very corrective and at a few places of interest. We are on a subjective support level (ascending trendline), also at the 50 fib retracement, a minor structure level in price as we can see this level held nicely on Thursday and Friday, we are also at the 50EMA and price is stalling. My plan is not to trade Mondays as I see to many false moves, however I will be looking for an entry tomorrow morning.
Long
by TheBearTrader1
"micro trends" or miniature up trendsniature up trends Every major trend is going to have one thing in common A series of higher high and higher lows, or a series of lower highs and lower lows. Once you understand how to identify these trend patterns and the overall direction of a market, you can catch a move and stay in for a much larger trending move You can apply this type of setup to intraday and end of day trades. If you are having a hard time finding the trends, take a step back and look at the major turning points, are they going up or are they going down A lot of times traders get caught up in the noise of the markets and lose focus, but the market is always going to tell you where it is heading Do not worry about finding the top or the bottom, we are going for the middle 80%.. That is where the money is at Once you enter into this type of trend following trade. You manage stops by trailing them just behind the highest high or lowest low This will guarantee you stay in trade as long as the trend continues your direction If a previous high /low is broken, the the market is entering consolidation or reversing Now that you know how to identify what a trend is, you will start to see"micro trends" or miniature up trends, within the context of major down trend or miniature down trends, within the context of major up trend. These micro trends often times give us great entry opportunities to jump back in when a major trend resumes its original direction When you see a short-term series of higher low, higher high, within the context of a major down trend, draw a trend line connecting the lows. When the trend line is broken, you enter short. When you see a short-term series of lower high, lower lows, within the context of a major up trend, draw a trend line connecting the highs, when the trend line is broken, you enter long.
Education
by TaherJalili
NZDUSD back to the previous channel?The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624). Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us! Enjoy Traders! GMPinvestors
Short
by GMPinvestors
EUR/USD Going for a short!Hey, I am back after great weekend with another Forex Idea. Last week has been really great, make sure you check my previous Forex ideas and hit that "play" button the see the outcomes I have succesfuly predicted and profited from and hopefully you had too, so make sure to follow me for more 😉. EUR/USD has saw a good rise, but now this pair has finally shown some bearish signs from which I think, a good short entry can a good trade here! The key thing that needs to happen now, is that price has to break the uptrend, which from the bearish candlesticks and RSI, resistance failed test is likely to happen any time soon. Once again a good risk reward ratio here of 3:1. Don't forget to follow me, to not miss out on a good trade opportunities😉 Each "agree" is very much appreciated! 🙌
Short
by TiborVrbovsky
1
DXY ANALYSIS, TRADE IDEA FOR OTHER MAJOR CURRENCIESSince this is NFP us traders have to be careful with what trades we get into. Although if my analysis is correct we can catch some nice movements during NY sessions, Asian sessions, or London sessions. As of the beginning of the week I was bearish on the dollar and caught some very clean price action. I still am bearish to some degree. I want to see the DXY possibly for NY session trade into this Order block I have highlighted and drop down. It's important to note that the open of the Order I have highlighted was the close of a Bearish Daily Order block. For me these are confluences that the market will respect this order block and drop. If the market takes out this 4hr Order block we should see a run to that volume imbalance that I have highlighted. During this time of the year the dollar makes initial lows and makes a run to the upside throughout the summer so I would like to catch the lows and look for some short opportunities on major currencies in the long run.
TVC:DXYShort
by JohnnWick
1