EURUSD Trade examplesFollowing up from yesterdays trades, I had a very clean entry here off the 15 minute chart once we saw an impulsive move towards the 1.12600 key level.Unable to break above the previous high. Smart money and sentiment is still bearish. Almost smashing through 1.11600 as I predicted.
How will we look moving into next week? I believe further downside is bound to occur however price may take a upside retracement for buyers remorse. I will be monitoring these key levels on the Monday Asian session. If there is one thing I would love to share with you all is setting up those key levels and finding where smart money is moving. When scalping, we only trade with the trend. Not against it. These order blocks are established by using data of 2-3 days of where I am trading. Refer to higher time frames if need be to find where the trend is moving.
I don't usually like trading the Friday close as I am not a one to hold trades very long. But this was very necessary to finish the week strong. Focusing your time and efforts on 1 pair can enhance your trading tremendously. 60-70 pips a week is all you need.
Remember this is not trading advise but purely for educational purposes.
Have a great weekend everyone.
Lets go get it !
Priceactionforex
NZDUSD Possible short scenarioAki podemos tomar encuenta que el mercado a tomado un pulso bullish temporal que possiblemente sera impactado durante esta semana con el
Informe de Estabilidad Financieraal el Martes .
Support and Resistance Supply and Demand Candlestick Analysis XAUUSD USDJPY xauusdanalysis actionreaction priceactionanalysis priceactiontrading priceactionforex forexentuvida
EURAUD SETUP LONG TERMEURAUD
*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement.
* The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view FX:EURAUD is in a upward trend.
* Therefore we can expect downward movement towards the 1.65000 level .
* A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade
GBPCAD H1 LongHere we have GBPCAD that just jumped up from strong daily demand zone
also long triggered on H1 demand zone
There is potential for 250 pips target ;)
*Remember stop losses is made to be reached, so do not afraid to use it and do not afraid if trade stops out, that is undeniable part of the job.