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XAU/USD - (Medium-Term-Trade) - Market Update Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes. If by when this daily candle closes in less than 24 hours; if we have a bearish closing candle we will have a medium-term-trade upon us with a potential target being around 1325.00 and lower. Regarding any more upside potential we would need our candle to close again -ABOVE- our trend-line. As of right now I am NOT placing any new entries this is just a Market Update. We have to wait for confirmation but this is a possible entry I am keeping my eye out for. *This is NOT a signal. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
FX_IDC:XAUUSDShort
by TheForexClubFX
USD/JPY (Short-Term-Trade) - Market Update Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area. What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I will be placing a -SELL- a good area of T/P would be our Weekly Support as well as our Previous -27.20% Fibo area. We have a few T/P extensions that are not shown above. Regarding a upside movement we are kinda far away from one as of right now. We would need price to close -ABOVE- our major trend-line so we can continue a upside movement. But at least for now I don't see that happening. *This is NOT a signal, for any specific pair review please send me a message or email me at TheForexClubFX@gmail.com *We also have a special promotion until the end of next week for our Advance Training that you wouldn't want to miss out!
by TheForexClubFX
CAD/JPY (Pre-Week Analysis) CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see. What can I be expecting? How I am not in any trades for this pair; I am really 50/50 on which side I would love price to go. What does that mean? When I am in a -BUY- obviously I want price to keep going higher so I can get more profit out of it. When we are in a overall down-trend and I've already made some nice profit, I'm looking for a pull-back to catch more of that trend. In scenarios like this were i took a -break- I'm really just 50/50. But overall this is what I need to happen so I can have a trade entry. 1) SELL: As you can see there is a minor trend-line. I would place a -SELL- if price were to manage to break that trend-line. Keep in mind; that we are really close to our Daily trend-line so our T/P would be kinda tight. The best case scenario is that we see price closing -BELOW- our daily trend-line so we can continue with this down-trend. 2) BUY: If price were to continue going up like it did at the end of the week last week. I would be preparing for a -BUY- I would need price to close -ABOVE- that minor Trend-line and my T/P would be around that minor resistance area shown above. Overall this is just what I am expecting for when market opens I already know what I am waiting for. As always I am prepared for both movements as that helps me make more profits and catch better trends.
by TFClub
Mentality and Sticking to Your PlanDISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a certain Resistance level from a few months back. I set my Take-Profits and Stop-Losses at fare prices, and hit my Take-Profit. I was happy with my trade but, being the amateur that I still am, I not only left money on the table but I didn't stick to my plan. I looked for what would have been another opening, which turned out to be a correction that hit my stop loss as soon as the market opened (thanks to a huge gap). Not only did I loose the profit from my previous trade, but the price rose up and came back to where I wanted it to be all along. I have yet to lean how to keep emotions out, and set myself into the right mentality. But I do know that it is something that we all must learn to be succesful traders.
Education
by EdwardFabianRamirez
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.
by 3nchev
Down under getting further down under AUDUSD THE analysisLong term outlook very bleak for the once relatively strong AUD. It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt. Using a simple fib based regression trend analysis along with a modified pitchfork that ties into the fib I predict a lowering of price here over the course of the next few days and weeks. Entry can be taken now but ideally I would suggest let it pop up just a bit further before taking it on for SHORT positions. As for leverage, margin, size and duration I leave that all to you my trading buddy :) Best of luck and stay safe. It's a dangerous place to be falling without a parachute ;) #winningtrades #thatswhatwedo #changeyourlife
Short
by RSCexclusive
Intraday accumulation phase in progressI found volume spike (selling climax) in the background. The very next bar was up bar in a high volume (reversal up-thrust). This must be that demand overcame supply and that there are more buyers then sellers. Later on , we saw a successful test of supply on low volume, which is the sign that smart money is interesting in upward price. Wyckoff called this background accumulation phase. My advice is to watch for buying opportunities on the dips. First take profit level is set at the price of 1.1400. Second take profit level is set at the price of 1.1460. Of course, I will fallow price action ana volume to see if we got signs of weakness. In the case, i will close position earlier.
Long
by PetarJacimovic