Pipsfordays
Long Position: Euro/Canadian Dollar is leading by demand!!!In this technical analysis. I want to make a explain why Euro/Canadian Dollar is goes to up!!!
So guys, as today we see a good short positon in EUR/AUD, so I ignore my short positon for believe more in H1, so as learningedge, I learn that the H4 timeframe, each group candlestick is a key to look what the trend make, specially in Daily when is talking o pull back or reverse of the trend. That is my habilities that I have, but working little more for me.
Now, lookin in H1 we see that Euro/Canadian Dollar is leading by demand or bulls. There's not any short positon signal for this par, just that Euro/Canadian Dollar is into this supply and demand strategy.
We see in H4 timeframe that the trend is beocme bullish, and RSI is above of 50, that turn what EUR/CAD is strenghten and the trend is a key to follow bought.
Now, in Daily the trend is the most important, becuase we see that EUR/CAD can to continue up more toward this yellos supply zone. And maybe in the red zone, that is weekly zone, but also if you notice that EUR/CAD could formed a possible armonic pattern bearish, but in each case, is the trend change, we could see it.
Good luck of this long position.
EURUSD Sell1.Market created minor resistant with no indications of buyers
2. Sells at the close of the candle
3. SL at the top of the candle
5. TP at the previous high of the candle
Risk management:
1.Close one trade at 10 pips and leave a runner.
2.Move SL to 50% and leave runner.
XAUUSD Bullish trade Trading The Range
1. Market closed back in the range on the 15M chart.
2. On the 15M minor support was formed creating HL
3. Buys were taken on the high of the previous candle and SL at the bottom of the candle to manage risk.
4. SL moved to BE at 10pips, closed 1 trade and left a runner.
XAUUSD Bullish trade 1.wateched the market create minor support with no indications of sellers
2. took buys at the close of the candle
3. SL at the bottom of the candle
5. TP at the previous resistance
Risk management:
1.Close one trade at 10 pips and leave a runner.
2.Move SL to 50% and leave runner.
EURUSD RangeTrading The Range
1. Market closed in the range on the 15M chart.
2. On the 15M minor support was formed
3.Buys were taken on the high of the previous candle and SL at the bottom of the candle to manage risk.
4. SL moved to BE at 10pips, closed 1 trade and left a runner.
EUR/AUD into this bearish channel!!!Hello, there's an interesting position in long just to find up 74 pips, but it's not much, but is any to pick up our benefit!!!
Now, I closed up my positio at $1.6447 AUD and put a long position in this same price to long to pick up just 74 pips!!!
At night, I will going to check out Bitcoin and Ethereum tonight!!!!
Long Position: Australian Dollar is go up in the demand zone!!!In this analysis that was pending, we see a strenghten of Australian Dollar/ New Zealand Dollar.
In Daily timeframe we see a clear bulls are go back to the demand zone and this is so positie for bulls, becuase bulls are trying with success that bears don't slump the price. The trend is clear bullish!!!
In the H4 timeframe, in the Sunday's yesterday when Forex was open up, there would been a manipulation of the market, and then, this analsyis enfocous in the H4 timeframe show how the short position will been liquidated yesterday if you put any short position, because I was said you in the past week that we need to hope a confirmation, it's very natural to seeing a manipulation of the market, but for that we need to mark my own strategy based of supply/demand.
I put a buy order limit at $1.0826 with a SL at 35 pips and my take profti it's 180 pips, we could see a huge potential of this par within on this week.
For tomorrow, we have the meeting of the Bank of New Zealand about the interes rate, and today we have the Rate Statement of the New Zealand's Central Bank. I dont have a much data of New Zealand's news, because this par is so move for supply and demand, and do you know, this par there's not present specualte news on Forex, becuase Australain Dollar, New Zealand Dollar, Canadian Dollar and Swiss Franc, these currencies don't represent speculate news as US Dollar, Euro or Sterling Pound, these major currencies on the world it's moved with a lot fundamentals and sometimes based in technical analysis.
2 Postential plays on GBP/NZD***Long - 1.90900
SL- 1.90700
first TP-1.91500
2nd TP- 1.92000
***Short- 1.92800
SL- 1.93100
first TP- 1.91500
2nd TP - 1.91200
3rd TP - 1.90300
AUDCHF SELLLooking at my chart analysis we can see a new trend beginning to start on audchf which is a downtrend
could be a good sell potential.
Prepare for the drop of US Dollar!!!In this analysis, waoh, in the latest analysis of there I send a short signal that my position was in the 0.9060, then, we are in short anysequenze, well, in that case, this could be a great entry in short just hoping a red candlestick next in formed, we need to wait the next 4 to 12 hours to confirm and going to short position in this par. I am still awaiting for a good short entry, I will going to send you a message to entry here!!!
We expect a profit of over 250 pips.
Rememebr that US Dollar has a bad fundamentals for the US economy and we are in short position, not put any long position for fundamentals.
USDCAD - Free Trade Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe and ill see you all in the next video.
U.S. Dollar is crazzy: Sell U.S. Dollar for FED plansHello, in this analysis, it's much interesting what I see. First, in the past analysis, I will going to cancel and closed up all long position, it's not yet to buy U.S. Dollar, we are continue drop, not up
Now, in H4 timeframe we was in this bearish triangle descendent, that make a higher lower and the equal lower equal the previously lower, that is a distribution zone to sell US Dollar.
Guys, its very sad how the US economic is suffer its depression and devaluation of our Federap World currency, now this scenario in H4 is so bearish, I put a short position in the $0.9060 and the SL at 44 pips above of my short entry price and the take profit over +250 pips between this week and the past week its could be the trayectory, also, you can to entry in sell position until we leave at the down side of $0.87. We could to get profit for this awesome par.
In Daily we are so bearish
Are you know this blue zone, we are near to down side to the monthly timeframe and we lead of it, nos this is one of the screenshoot that better I see it to find down the one of the minimun of the year of 2015, that for this year I was studied in my high school and the end to graduated and find up my High School Diploma in this year.
But if you get it, we could to expect a pull back and make another elliot wave analysis to complete it.
USDJPY short opportunity...ish?Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern.
And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high.
SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is currently sitting at 10 pips, which is why I moved my SL 10 pips further than intended.
As for the TP, then I first copied and pasted the vertical line that showed the height of the previous downtrend, matched it with the recent reversal pattern, and there goes my TP.
The lowest low that the price made recently kind of matches my TP zone.
Price hasn't tested any levels near that low yet, I think this is a potential Area of Liquidity.
So the market can be very tempted to reach that level, I'd be fine if it is my TP.
It's nighttime guys, I'll go to bed in just a sec, so bye!
BOOOM! GOLDBUY banking 600 pips! SELL now open running +500!Great trade again from gold... BUY banking just over 600 pips! SELL open running +500!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
SHORT TERM TRADE SET TAKE PROFIT ON HORIZONTAL LINE ..SHORT TERM TRADE USE PROPER LOT SIZE AND BE CONFIDENT
TIME TO GO LONG ON THE USDCHFHELLO GUYS , THIS IS MY ANALYSIS ON THE USDCHF. USING FUNDAMENTAL ANALYSIS ON THE DAILY CANDLE, ANYTIME A BIGGER BULLISH CANDLE OCCURS IN A DOWNTREND, IT INDICATES A REVERSAL. CHECK OUT 9TH OF MARCH, 30TH OF MARCH, 15TH OF APRIL, 4TH OF MAY, SO ON AND SO FORTH. THE LATEST BULLISH CANDLE TO FORM WAS ON THE FRIDAY AND TODAY CANDLE FORMING INDICATES A NEW BULLISH TREND MIGHT OCCUR. ALSO USING TECHNICAL ANALYSIS, A BULLISH ENGULFING CANDLE HAS BEEN FORMED ON MY DIAGONAL SUPPORT LEVEL. CHECK THE SHORTER TIME FRAME, YOU WILL SEE THAT THE TREND MOVES IN CHANNELS,DRAW YOUR HORIZONTAL SUPPORT AND RESISTANCE LEVELS AND USE THEM AS YOUR ENTRY POINT. HOPE THIS HELPS. THANKS
GBPJPY BUYSupport and resistance comes into play a few times bouncing on trend line and when hits we can look getting into for a buy
This is a good trade for small accounts.
EURAUD Longs into next weekHTF reversal pattern spotted with sentiment supporting a bullish euro . Top of the channel has been broken indicating a change in trend
AudUsd (wave 3) trying to get the hang of wave structure. I do believe that wave 3 or how some call it push 3 is about to happen on audusd. imo i see usd a bit weak for the next couple days to couple weeks.
