Get started

Noindicators

Structure leaves clues So i have Current market low @ 78.500 i will take this trade back at the retest and have my SL at prev market high at 78.575 which is a 7 pip sl and a gain of 250+ which is about a 2.5:1 ratio which i will take; with that being said im still waiting for it to retest this area i could have entered on the 5 min chart but i missed it so im awaiting if trades does get take first tp is at prev market low at 78.270 area. 2nd tp IF we get retest will be at 74.825 mark you can take small position for now but wait for retest for bigger lots
Short
by Helloandtrade
GBPCAD Probability of bounceHello there. Rejections are here. Bullish they are. Formed the Low of the Year (aka low of the month) we have. Now, after a nice daily candle close and a bullish indecision on Weekly, we might be prepared to exhaust a little bit of all this downward movement and finally head north. For a Swing Trade, I'd look for a SL around the LY and a minimum take profit area around the 3.9:1 RR ratio. Fundamentals are backing us up when we say that a brighter future may be there for England (and therefore GBP) considering the most likely next prime minister of the UK, not to mention what CAD is facing those days. Mind that we have the chinese GDP in a couple hours and retail sales data for the GBP.
Long
by deepts
3
Location and Momentum Bull SetupPrice in Monthly Chart had tested the Monthly Demand area printing the long-tailed Hammer which aligns with the trendline from 2016 and 2018 Demand zone. This alone give the strong conviction for Bull run Like wise , Weekly chart perfectly re-aligns being tested the Demand zones which printed the Doji Last week.I expect the weekly112-114 area to be easily absorbed by the bull movement and target the 116 weekly untested fresh Supply area. As Daily Price has already Took out The Daily Supply CP and formed the Daily demand 110-109 area printing the CP where i will place the buy limit order .THis
Long
by Magnate7
USDSGD will re-test the resistance level or Bullish all the wayUSDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL). If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to advance further (see R1, R2, R3). What we are seeing now, the prices are creating a momentum (by producing a tight compression); direct frontal attacks had failed three times, now it will be an accumulation of massive attack to "The Wall". I marked the level 1.36155 as the decision level either the price will advance further to the North or will be rejected again. When the price is reaching "The Wall" what we need to observe is a Price Action, in my opinion, likely "The Wall" will be breached either using a Dragon or Massive foot-troops crossing the decision level. What if you miss the opportunity to LONG? the market is always forgiving, when "The Wall" is breached, put your Pending BUY Order at 1.36155 Let the war begins!
Long
by machintose
Potential DXY Short 50 Pips Good Afternoon Traders, ForexFargo checking back in! Today our analysis is on the DXY index. The overall trend for this pair is seems to be Bullish, however with that being said, seems that the Dollar could run into some exhaustion this upcoming week. Right now, we can see price playing ping-pong between Monthly & Weekly- Support & Resistance Levels. Price is currently in Bullish Momentum approaching on Weekly Resistance Level of 96.700. If Weekly Resistance is broken, we could see a potential push toward our Monthly Resistance Level of 96.930. If price holds at our Weekly Resistance Level, then we can potentially expect price to decline throughout the week. Price would potentially decline toward our previous Weekly Support Level of 95.600. If Weekly Support is broken, we could see a potential push toward our Monthly Support Level of 95.050. Either way, I am waiting for the next 2 daily candles to form in order to get a good sense of where the market could potentially go. If price gives strong confirmation, then I will look to enter the trade as follows: Entry @ 96.600 Stop Loss @ 96.750 Take Profit @ 96.050 GOOD TRADING! If this price in DXY declines, expect a rise in Gold (XAUUSD).
INDEX:DXYShort
by BearishBull617
Potential AUDUSD Buy Swing Position 160+ PipsGood Morning Traders, ForexFargo checking back in Today our analysis is on AUDUSD. The overall trend is Bearish for sure. However I see a potential set up for start of next week if price continues Bearish toward of Support Level. Price on this pair has been consolidating for the past 5 weeks, ranging mainly between support and resistance. Weekly Resistance Level set at 0.72350. Weekly Support Level is set at 0.70750. I believe that price will continue toward of weekly support levels by end of week or beginning of next week. When price gets at that level of support... I will wait for a strong Bullish candle on the minor timeframes to indicate a good position. Entry @ 0.70750 Exit @ 0.72350 Stop Loss @ 0.70450 As always, thanks for the support! Good Trading! -ForexFargo
Long
by BearishBull617
AUDUSD trend continuation The AUDUSD is currently in an upward trend. You can see this on the 2 black trend lines. These created an ascending triangle, which is very useful for our analysis. Several zones have been signed in the chart. As you can see, 4H resistance zones have been drawn. These zones can have a major impact on the price. The 1H zones are support zones that are currently being tested. The blue trend line indicates the daily trend. If the price would move in this direction, I will add a new daily analysis. Expectations: I expect the AUDUSD to keep up its upward movement. Zone 1 and zone 2 have been signed in the chart. When the price leaves zone 1, the price will make a more lateral movement in zone 2. I expect the trend to persist at least until the first 4H resistance zone. If this is broken, our next TP will be the other 4H resistance zone. Hope you like my idea and analysis of this chart. I will provide updates on the analysis in the future.
Long
by JvdB99