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Rangetrading

EURUSD (H1) Potential buying opportunities may emerge.OANDA:EURUSD EURUSD (H1) Potential buying opportunities may emerge. Indicators that have manifested: 1. Convergence of the RSI is evident within the lower region, approximately at 1.072 2. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase. 3. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration. The command can be executed as outlined below: Buy Stop at 1.07476 Stop Loss (SL) at 1.07384 Take Profit 1 (TP1) at 1.07593 Take Profit 2 (TP2) at 1.07732 Note: Capital management 2% Follow us and read my status to follow more forexsignal !
Long
by VNSmartMoney
5
XVS: Expecting Further Sideways Movement and Long Position AccumI anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.
Long
by Shved126
😍Let's trade EURAUD up and down for few days!🎁Wow, do we have a surprise for you! Our AI screener has spotted a golden opportunity for you: EURAUD is in a ranging market for the next few days! What does that mean? It means that the price is bouncing back and forth between two levels: 1.6346 and 1.6596. That’s a range of 252 pips or more! How can you cash in on this situation? 🚀There are two ways: 👩‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to catch the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 👾If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 💥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 🙌 Please drop a comment below, what tools and what strategy you will use to earn money from ranging market like this? We would love to hear from you. 😍 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB
Are you ready to make some money from the forex market? 🤑💌Our AI screener has detected a great opportunity for you: NZDCAD is in a ranging market for the next few days! What does that mean? It means that the price is moving sideways between two levels: 0.8153 and 0.8333. That’s a range of 170 pips or more! How can you profit from this situation? 📊There are two ways: 👨‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to spot the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 🤖If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 🔥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 😊 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB
USDCAD: Bearish Harmonic Pattern and Weekly Range DynamicsThe USDCAD market is currently exhibiting the formation of a potential bearish bat pattern. Notably, the price is approaching a daily level that coincides with a 4-hour order block. This convergence is significant as it marks the completion of the D leg of our discernible bat harmonic pattern. Additionally, it's worth mentioning that the overall market structure is displaying a bearish bias. Despite the bearish sentiment in the shorter time frames, it's essential to note that the weekly chart indicates a trading range. This information adds a layer of nuance to the analysis, suggesting a potential conflict between short-term bearish dynamics and a more neutral stance in the longer term. In light of these technical observations, a potential short-trading opportunity is anticipated. The confluence of the bearish bat pattern, alignment with the 4-hour order block at the daily level, and the bearish structure on lower time frames adds an extra layer of confirmation to the trade setup. Traders are advised to exercise due diligence, considering both the potential for a reversal in the indicated zone and the overarching range-bound behavior on the weekly chart. Goodluck!
Short
by Koolermactrez
Preparing for BOC Rate CutsSummary The Bank of Canada(BOC) could be one of the first central banks to cut rates, meaning a weaker CAD. Could USDCAD move off the 15-month range support? The Details Canadian inflation is approaching the 2% target, suggesting no further rate hikes by the BOC. Interest rates will then temporarily pause, which could cause CAD indecision. However, economic data for Canada is weak, signalling recession. A high and climbing unemployment rate strengthens recession fears. Recession may lead to rate cuts - before the US and other Western economies - weakening the CAD over other currencies. Things to Consider The Bank of England may be one of the last central banks to cut rates. Higher for longer is the current narrative for UK interest rates. Buying opportunities on GBPCAD could be more lucrative. The US often leads when it comes to rate changes. However, the US economy is performing well even with the current high rates, meaning Canada (and maybe the EU) may cut rates before the US
Long
by Samuel_Morton_Trader