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Patiencepays

GBPCAD, Could CAD find the strength to keep it down?Hello Traders. As per my educational video I shared on my page you can see that the GBP and CAD are both generally short. However, it is likely that the Canadian Dollar is going to find some strength this week. That is why my outlook for the upcoming weeks shows not only bullish momentum, but then takes off in a bearish direction. Could this be the case? What do you think will happen? Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram. @Roo_Martin Always happy to help. Happy trading Roo :) Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own! Be sure to like and comment on the chart and follow me on trading view.
by RuairidhFX
Crucial Zones Testing In BankniftyLook at the bigger picture. On the chart itself Banknifty is stuck between a significant support and resistance zone. For all those who are waiting for going long on banknifty, a close above this level might decide the future. Also, if you look at RSI it is in the key support zone . If RSI trends upward after taking support at this level long positions can be initiated. On lower time frame if the ascending triangle breaks successfully then upward momentum will be confirmed. ( There might be chances of triangle breakout failure for short term as seen in USDINR) This setup might take a few weeks to occur or could never happen if the above zones break easily due to any reason. Wait for confirmations then initiate a long position in this scary bearish market only if you believe in your setup. This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading
NSE:BANKNIFTYEducation
by Trader_Tech
4
NZDUSD Aloha, welcome to the new week! Wanted to share a tip that has helped me save money and kept my psychology sane: Let the market develop for the first few hours before placing a trade. Reason being is spreads are usually steep and the market can be volatile and choppy. NZDUSD was on my watch at the end of last week and my last analysis shows that I would be going long on this trade, however, applying a the rule of "let the market decide in the first 4-5 hours", minimum, has saved me from a quick loss of -1% on this trade and countless others trades. I like the 15min wedge for a continuation, the 50ema on 4hr, 1hr, and 15min all support my thoughs of going long. However, The daily is stil developing to either break above the 50 or reject it and have a crash. Any way, hope this in your trading journey! Stay patient and wait for your strategy to play out, no need to rush it! Mahalo for reading, happy trading all!
Education
by Reid_Hicks
EURUSD NEARLY HIT MY MENTAL STOP EVEN MY PLACED SL WAS FAR AWAYHi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. I see a downtrend channel on D1 and H4 with a fakeout. Upside trendline is broken, so I placed sell a sell position yesterday. My mental SL was at 1.0500, and my placed SL was at 1.0800. I'm here to be honest, so I will. Yesterday evening, I strongly hesitated to close this position before going sleep. I saw strong bullish pressure but I was on the bearish side. There is a strong support line at 1.09275, and the price bounced upside. Before sleep, the price hasn't reached my mental stop and it seemed to turn back and go down. I had a lesson in my mind that I've learned so many times; PATIENCE AWAYS PAYS OFF. So I decided to keep my position open. I slept horribly :D but when I got up and saw the head and shoulder pattern. I know market again tested my patience and this trade again confirmed; PATIENCE AWAYS PAYS OFF. Never give up and LET'S BE SUCCESSFUL TOGETHER. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Short
by Sparksoffly
2
GBPAUD : LONG TRADE SETUP 500 PIPS( LONG TERM/SWING TRADE SETUP)Early hours of sunday,we see ga created a huge spike to the upside which reversed sharply and created a nice opportunity for a short. At the moment, ga is on a pullback phase which is currently holding the resistance zone at 1.9 level( now support, as price broke it and retested). I expect ga to go higher from here, towards 2.04 level but we would see what price does at the 61.80 and 50% level. Price might take a while before hitting the final TP at 23% fib level Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
9
GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
EN PLAY - PENGUINS ARE READY FOR 2020:) EURNZD 1/1/2020 Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
1
(NFA/DYOR) STRATUSD; A move four months in the makingStratis has posted some strong gains as of late, in a move that people more experienced in TA probably saw coming. I honestly feel a little silly for just now seeing how far back the divergences go. Really makes a case for having patience in the crypto world. Now that we've started breaking out, how long will it last and how far up will we go? Hard to say, but I noted a few resistance zones that we could get hung up on if the price continues on such a sharp uptrend. I don't see many ideas posted about Stratis so I figured I would throw this out there. Let me know what you think in the comments.
SLong
by travislester37
CADJPY Swing (SELL) Trade IdeaCAD/JPY --------------------------------------------------------------------------------------------------------- CAD been gaining strength for the past few weeks and we have now reached an important supply zone. Here, price begun its Sell Move the last time it was here and created RBD and DBD from the zone. This is on a monthly, weekly and daily level. Expecting a return of downtrend of JPY pairs. CAD also is expecting weakness based on fundamental knowledge of the currency in the world now. Sell Limit @ 82.395 SL: 83.687 TP: 80.867 R:R Ratio: 1:~9. This should be good for us to make 300 pips. Until next time beloved! Peace!! ---------------------------------------------------------------------------------------------------------
Short
by ricky1270
USOIL SHORT UPDATE4hr set up got clapped saw that price was reaching for that last up candle before the down move (in the purple box) that left imbalance marked up the open and the 50% of that candle and market executed at around 54.75-54.70 oil can be very volatile sometimes & this set up happened very quickly but I was quicker #pewpew when you get clapped don't worry just clap back :) my SL is at BE currently letting Gbpusd, audcad, eurcad, oil, and eurchf play out I won't be entering any more trades for today all trades except eurchf are currently running risk free #gang
FX:USOILShort
by helidiaasss
1