Mentor
USDJPY ShortUSD/JPY is responding to a key level of resistance. As the DXY start to reverse, I expect UJ to follow. I believe this could help UJ drop back to the 109's
How to establish a directional bias and how to profit from themIf you struggle to find what the market is presenting to you, there is only one thing that's for sure. There is either a bottom price being defended or a higher price being defended.
How do you get into these trades?
I did a quick chart on how to establish a day type and where to initiate your trade with little risk to a nice reward.
EURUSD Head & Shoulders Pattern/Long Term Buy OpportunityEURUSD is heading down towards the weekly support at around 1.16414 then I expect that it would then go back up towards 1.20850 and could then either form a head and shoulders pattern or could go over and continue to go up towards the weekly resistance area at 1.25701.
Looking at the indicators such as the RSI and Stochastic also on the Weekly chart, the Rsi looks as if it's heading towards the 30 mark and the stochastic is already below 20. If the Rsi gets below 30 (Oversold Zone) and then the blue line crosses the stochastic and is now on top of the red line then expect that it would go up.
Keep a look out for the rsi and stochastic though when it gets to around 1.20850 as it could show signs of reversing. Other than that guys it looks like a good long term buy or head and shoulders pattern.
You could place shorter terms trades on M15 in between to make money as the market moves around
• NZD/JPY - Trend-Line Rejection + Critical Zone + Fibo Rej •• After we have reviewed this pair, we are expecting to see more of a downside for NZD/JPY. Everything is indicating that we are still expecting more downside for this pair. This is a swing trade, which means it can take a couple of days if not weeks to reach our potential profit area. Our major confirmation of entry was a 6H bearish candle close below our Weekly Trend-Line, indicating that we are still expecting more down-side to occur. We are projecting price to reach around our Monthly Support of 75.00 which also aligns with out -27.00% Fibonacci Extension area.
• There is a New Zealand bank holiday for today which can cause market to move slow, as well we don't have any major news for the Japanese Yen so I'm not expecting any volatile movements (doesn't mean we can't have them). As this trade was placed at the middle of the week, I'm not expecting our potential profit area to be reached this week, if not until the middle or the end of next week.
• If we fail to reach our objective, we will be taking a -0.70% loss to our account. However; unlike other losing trades, I don't think we would have another entry opportunity. As even if we do get stopped out it may take a while for price to actually give us another confirmation of a entry. Ideally to go Long would only occur if we manage to break our Weekly Previous High and potentially re-test that area. How are Stop/Loss is no where near that area, if we do get stopped out we won't be reviewing any new entries. However; we don't want this to become a losing trade -obviously-.
• EUR/CAD - Fibonacci + Trend-Line Rejection • • As of right now we are expecting to see a potential up-trend continuation for this pair. It seems that price has managed to reject our Weekly Trend-Line as well as our 61.80% Fibonacci (Which aligned with our Weekly Trend-Line). This is giving us a indication that this pair still has more bullish momentum at hand. Despite price not being that favorable; price has failed to actually break our Weekly Previous Low, which gives me a strong confirmation that we can potentially see more upside and reach our expected T/P around our Fibonacci Extension area.
• We do have some Euro news coming out later today which can affect this pair. We are hoping that price doesn't get to volatile and manages to stop us out and later go into our direction. We do have bank holidays later this week for both the Euro and the Canadian Dollar, which leads me to believe that if this trade does NOT get stopped out, we are probably going to hold into the middle or even the end of next week. So a lot of patience is going to be required.
• If price manages to stop us out we will be suffering a -1.00% loss to our account. Which isn't ideal, however; if we see that we get stopped out and price manages to break our Weekly Previous-Low. We will be watching this pair to see if price rises back up to re-test that area. If we see that and manage to get a rejection we will be looking to go short. However; this is something we do NOT want to happen.
• EUR/USD - Fibonacci + Trend-Line Rejection • • We've been in a strong consolidation for this pair. As of right now we are expecting price to reach it's previous high area (also the consolidation area high). We've recently seen that price had a major drop (due to news). However, price failed to make a new lower-low, which gave me indication that we can still see more upside to be expected with this pair. We do have a few news coming out for the EURO as well for the US Dollar. Everything indicates that they can potentially impulse our movement to the upside.
• This trade was placed around the middle of the trading week, with a pretty big T/P approach. I'm not expecting this pair to reach it's potential T/P until maybe the middle of next week, as we are having a pretty ambitious area of profit. Overall everything is indicating that we will manage to get our potential upside.
• If we were to fail to reach our target and this becomes a losing trade we will lose -0.70% of our account. If we lose this trade and we break our Weekly's previous low. I will wait to see if price can re-test that area and maybe I will be looking for potential -SELLS- if that were to happen. However; I'm pretty confident with our analysis on target as of right now. Our trade was entered on a ambitious attempt on our 6H chart.
• GBP/USD - Trade Idea • @: 1.40370
S/L: 1.39870 (-50.00 PIPS)
T/P: 1.42370 (+200 PIPS)
Risk/Reward: 4 - 1
Trade Rating: 7/10 (Good)
• As market has moved slowly we technically have a confirmation for potential upside movements for this pair. As price seems that it's on its way to reach 1.42500 Weekly Resistance. Which also aligns with our Fibonacci Extension area.
• Price overall trend is a -Bullish- trend. It seemed to make a Higher Low once price couldn't break 1.4000 Monthly Resistance.
• We do have some high impact news coming out for the GBP tomorrow at 12:45 PM CST. It's expected to be good for the Pound (More hawkish then expected); which increases the possibility of it impulsing this to it's expected target and maybe even higher.
• This is NOT a signal. This post is meant for educational purposes ONLY. Please use this as a reference to your OWN analysis. Any trader who is found using these trade ideas as signals will be banned from The Forex Club. Do NOT place this trade if it DOES NOT follow your requirements to enter. This trade idea does NOT mean I am in this trade. As I've posted Trade Ideas before for pairs that I am not going to be trading. I use this to help YOU GUYS get a better educational value of the Markets.
AUD/USD - CTT AUD/USD - CTT
@: 0.79822
S/L: 0.80100 (-27.80 PIPS)
T/P: 0.78645 (+117.00 PIPS)
Risk/Reward - 4.77 - 1
- Price has rejected our critical zone (88.60% + Minor Resistance).
- Price is over-bought
- Expecting price to reach minor support that aligns with our major trend-line (where we could have a potential trend-line rejection and continue on a upside movement).
*This is NOT a signal. For information on our advance training please email us at TheForexClubFX@gmail.com
NZD/JPY - Market Update - Further downside? NZD/JPY - Market Update - Further downside?
Previously on this pair we've seen a major 78.60% Fibonacci rejection (followed with a minor 61.80% Fibonacci rejection). Everything has been indicating for price to reach a Minor Support of 78.280 - 79.000.
Unless we break 81.500 that would give us a indication to continue up. But everything is leaning towards a potential trend-change for this pair.
AUD/USD - Market Update - Price expected to reach 0.80000AUD/USD - Market Update - Price expected to reach 0.80000
Last week we noticed that price had a 23.60% Minor Fibonacci Rejection (despite it not hitting it to the PIP, I consider that a rejection). We are projecting price to reach 0.8000. If price does reach that area, we may be entering a -Critical Zone-.
If we manage to see any strong -bearish- candle close around 0.8000 we could place a potential CTT (Counter-Trend-Trade) and ride it down to 0.7750. If we have confirmation.
EUR/CAD - Market Update - Will the 90 Day consolidation end thisEUR/CAD - Market Update - Will the 90 Day consolidation end this week?
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
XAU/USD - Market Update - 78.60% Major Fibonacci has been brokenXAU/USD - Market Update - 78.60% Major Fibonacci has been broken!
We were struggling all of last week with our Resistance of 1325.00. However; price couldn't break it's consolidated zone of 1312.50. Making another wave to the upside. We've broken our Major Fibonacci of 78.60% which means that we are expecting price to reach 1350.00 and possibly -ABOVE- by the end of this week.
Potential bearish movements are far away from happening unless we see price struggling with 1350.00 (If price does reach that area).
XAU/USD (GOLD) - Aggressive 6H Entry (Trend-Change)XAU/USD (GOLD) - Aggressive 6H Entry (Trend-Change)
@: 1282.30
S/L: 1274.00 (-74.5 PIPS)
T/P: 1292.05 (+98.6 PIPS)
Risk:Reward: 1:17-1
ENTRY: We have seen our 6H candle close -ABOVE- our major trend-line indicating a trend-change. As well as our 8H and 1D candles. We are looking for our Major T/P area of 1300.00 but our 1st T/P area is 1292.05
S/L: We placed our Stop +10 PIPS -BELOW- our Weekly Support area of 1275.00
EXTRA: Gold is a very volatile market, we don't have any major news coming out in the next few hours so we shouldn't see any odd movements. But again gold sometimes can be unpredictable. Our Risk:Reward isn't the BEST but it is above our Minimum of 1:1.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
USD/JPY - Aggressive 6H Entry (Trend-Change)USD/JPY - Aggressive 6H Entry (Trend-Change)
@: 113.692
S/L: 114.445 (-75.3 PIPS)
T/P: 112.130 (+156.2 PIPS)
Risk:Reward: 2:12-1
ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area.
S/L: We placed our Stop +10 PIPS above our Minor Resistance area of 114.355.
EXTRA: Usually at this time of day the market can be kinda slow, and we can see a potential draw-down. However; we don't have anything to worry about. If price were to manage to get hit, we will possibly we in a trend-change to the upside and recover our loss if that were to happen.
*This is NOT a signal, we are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
NZD/JPY - Short-Term-Trade - Aggressive Trend Line Rejection As posted earlier we were seeing a potential down-side for this pair. As of right now we will have a total of 2 active entries (Medium and Short). We will be looking to add another position at the close of the 4H candle, if it ends up being a bearish candle. Our T/P is roughly set between our Monthly Support and our -27.20% Fibonacci Area.
If this becomes a losing trade and we see price closing -ABOVE- our trend-lines we will be looking for new entries. Ideas will be posted here as well in a our Telegram Channel.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
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NZD/JPY (Short-Term-Trade) - Market Update:We've been in a -STRONG- down-trend. Strong enough that our overall bias on higher time-frames may change to a down-trend. Almost all of today we have seen this pair retrace; which is normal after a long session of bearish movement.
As of right now; we are in a interesting spot. If we see price closing above at the end of this hour we could go back to a bullish movement. However; if we see price end up closing as a -BEARISH- candle we could have another down-trend movement as we are close to a 38.2% + T.L. rejection.
You could place a AGGRESSIVE entry at the end of THIS hour if we still have a nice -Bearish- closing candle. If you are looking more for a conservative entry you can wait until the close of the NEXT 4H candle and see if it is also a bearish closing candle.
Overall we have to be patient and see what happens in this scenario. My overall bias is that we are going to drop more; however as always I am NOT excluding the fact of a possible up-trend.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
NZD/JPY - Medium-Term-Trade - VERY Aggressive Entry As posted previously on our Market Update; we may see more of a down-side for this pair. We went ahead and placed a VERY AGGRESSIVE entry on this pair. As we saw that our 4H candle has closed -BELOW- our trend-line. As price has been in a STRONG down-trend we wouldn't be surprised if we see price retracing a little bit. Needless to say we have a pretty decent S/L. If we were to get stopped out we would be looking for some -BUY- opportunities to recover our losses.
When the 8H candle closes next and if it also closes -BELOW- our trend-line we may be placing ANOTHER entry to have 2 active entries on this pair. Our last and possible entry is if price closes -BELOW- our trend-line on the Daily chart. If this does happen we will have a update on that.
Our T/P is actually VERY ambitious but if we reach our 1st projected area our S/L will be moved to either break-even or +35 PIPS of profit it will depend on market scenario.
USD/JPY -Short-Term-Trade - CTTAs we see that price has closed -BELOW- our minor trend-line. We will be looking for a quick CTT scalp. If we do see price closing -BELOW- our major trend-line we will have FTC which we may extend our T/P.
XAU/USD (GOLD) - Short-Term-Trade - Aggressive Entry As we see a trend-line rejection I saw a good -LONG- opportunity. I did enter with half of my average lot size as I want to wait to see if price can close -ABOVE- our Major Trend-Line. If we do see that at the close of the 4H I will be adding another position and riding with 2 active positions for this pair. We just have to wait and see.
How this is a Short-Term and CTT once I get +20 PIPS in profit I move my S/L into break-even.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For information on our Advance Training and Life-Time mentor-ship please email us at TheForexClubFX@gmail.com
USD/JPY - Short-Term-Trade - Market UpdateUSD/JPY - Short-Term-Trade - Market Update
This has been a LOVELY pair this week. As it has given us LOTS of trading opportunities. Overall I've had 3 entries with this pair (2 closed with profit and 1 Long-Term currently opened). As of right now we are in a perfect zone for entries.
Price has already reached a potential area of profit (-27.20%) and it seems that we are close to either a CTT opportunity or a Trend-Line rejection opportunity. So we have to be patient.
If price closes -BELOW- our Minor-Trend Line I will be looking for some Short-Term Sells; as this would be a CTT I will go for both tight S/L and T/P. If price were to manage to close -BELOW- our Major Trend-Line we will be looking for increasing our T/P
If price were to close -ABOVE- our trend-line we would have a trend-line rejection entry. Where our next area of profit would be our -61.80% Fibonacci area (Not shown above). So as of right now we have to be patient and see what the close of the 4H candle gives us.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For information on our Advance Training and Life-Time mentor-ship please email us at TheForexClubFX@gmail.com
GBP/USD - Short-Term-Trade - Market UpdateGBP/USD - Short-Term-Trade - Market Update
We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations?
If you are in a -BUY- I recommend you still hold this pair as we are still expecting more of a upside potential. Try to modify your S/L into profit (Remember lowering your risk is crucial if you want to be trading for the long term).
If you are like me and awaiting a entry we should wait for a decent pull-back. We could have one around NY session we just have to wait and be patient.
Regarding any -SELL- I don't see one anytime soon. But that doesn't mean I won't be prepared if we do see price decreasing. If price were to manage to close -BELOW- my Minor Trend-Line I will be placing a -SELL- But I don't see that happening anytime soon.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For information on our Advance Training and Life-Time mentor-ship please email us at TheForexClubFX@gmail.com
