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USDCAD Bullish Price Action, Wait For Buys Hello traders: Looking at USDCAD here on the higher time frame, I cant help but point out the bullish price action in nature. The overall structure looks clean from the bullish move up, and a larger correction, with multiple swing highs and lows, forming the correctional structure you see right now. From last year, during September 2022, we see a strong bullish impulse phase on the mid time frame, validates my forecast from the beginning of the year. After the impulse phase, we can see a consolidation begin to form, and price is correcting for the next possible continuation up move. What we can wait for is on the lower time frame development to confirm the next up move. I would wait for some clean bullish continuation correction to form and complete, before consider entry. Thank you
Long
by jojofang0901
8
GBPJPY More Downside, Watch For Sell On GBPJPY, we can expect more bearish price action to confirm the downside. What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase. We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction to break out of the ascending channel. Expecting more downside, wait for more bearish continuation corrections on the lower time frame to confirm more drop.
Short
by jojofang0901
3
5 KEY TRADING PRINCIPLESThe establishment of a successful and sustainable forex trading career requires aspiring traders to gain a deep understanding and mastery of several critical principles. Failure to do so will result in financial losses, wasted time, and ultimately, frustration and despondency. There are five essential principles that aspiring traders must study, understand, and master to achieve success in online trading. The first principle is SENTIMENT , which involves comprehending why prices move. This understanding requires gaining a thorough knowledge of economic themes, intermarket analysis, and correlation. The second principle is STRUCTURE , which involves understanding how prices move. This requires an in-depth understanding of microstructure, liquidity principles, and chart patterns. The third principle is SESSIONS , which entails knowing when prices move. This requires a comprehensive understanding of time, volume, and momentum. The fourth principle is PSYCHOLOGY , which involves understanding oneself. This understanding requires comprehending emotions, developing effective routines, and ensuring compliance with sound trading practices. The fifth principle is RISK MANAGEMENT . To effectively manage risks, traders must have a clear understanding of their risk tolerance and set appropriate risk management policies and procedures. This may include setting stop-loss orders, using leverage carefully, diversifying investments, and continuously monitoring market conditions. Mastering these five critical principles provides aspiring traders with a solid foundation for developing effective trading strategies and managing risk. Neglecting any one of these principles can lead to a breakdown in the trader's ability to make sound investment decisions and ultimately result in failure. Therefore, a comprehensive understanding and mastery of these principles are essential for anyone seeking to establish a successful and sustainable online trading career.
by Samuel124
P2P | DXY - Long Term AnalysisGreetings to all who can decode this message lol thank you for tapping in with the content! This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100. So yeah gang, not too much to get descriptive over because everything is explained in the video. Enjoy the rest of your week, trade well, and keep crushing it for 2023!
Long
by Pips2Porsches
GBPAUD I Potential intraday long from supportWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
7
Institutional Supply: EUR/GBP ShortHi Max here again, This is another EURO pair which is moving nicely towards the next supply area. If you have been paying close attention, long-term this chart has 3M/1M/1W and Daily Supply zones, initiating the recent daily move to the downside. Personally, I believe that price can chill around in our next supply area and start declining from there if the 4hour chart shapes up how we like it. To learn more about my style, make sure you watch the video on my tradingview channel! I'll be waiting! Kind regards, Max Nieveld
Short
by newcapitalfx
Institutional Supply: EUR/CHF ShortHappy monday! Pretty nice and large watch list for this week, I'll share some charts today, starting with the EURO against CHF. This pair is often pretty choppy, but finally we got a clear supply area located above current prices. My game-plan is always the same: Analyze the daily time-frame, when significant areas are confirmed by my rule set, I move to the HTF's, and then wait for the confirmation on the 4hour and 1hour chart to execute my buy or sell orders. Let's be patient! Kind regards, Max Nieveld
Short
by newcapitalfx
Learn How Support Becomes Resistance Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. Support is the level at which demand is strong enough to stop the asset from falling any further. Resistance is the level at which supply is strong enough to stop the asset from moving higher. The psychology behind support and resistance. First let’s assume there are buyers who’ve been buying a stock close to a support area. Let’s say that support level is $50. They buy some stock at $50 and now it moves up and away from that level to $55. The buyers want to buy more stock at $50, but not $55. They decide if the price moves back down to $50, they will buy more. They’re creating demand at the $50 level. Let’s take another group of investors. They were thinking about buying the stock at $50 but never did before. Now the stock is at $55 and they regret not buying it. If it gets to $50 again, they will not make the same mistake and they will buy the stock. This creates potential demand. The third group bought the stock below $50; let’s say they bought it at $40. When the stock got to $50, they sold their stock, only to watch it go to $55. Now they want to buy it back at the same price they sold it, $50. They’ve changed their sentiment from sellers to buyers. This creates more demand. A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. Thanks for reading bro, you are the best☺️ Like, comment and subscribe to boost your trading! Dear followers, let me know, what topic interests you for new educational posts?
OANDA:BTCUSDEducation
by SignalProvider
13
GBPUSD TRADE PLAN UPDATEhello all After a price pullback and breakout of H4 resistance following a breakout at level 1.195966, my plan was to short this trade because gravity tends to help traders earn minor profits most of the time. If the price can remain below the resistance level, I think there is further room to fall. good luck & cheers My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading skills. Like, subscribe, and happy trading to everyone!
Short
by mytw0cents
2
GBPJPY I It will retest previous structure broken and riseWelcome back! Let me know your thoughts in the comments! **GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4
MARKET STRUCTURE IN US_500 (SP_500)The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue. Traders should keep a close eye on these key levels and use them as potential points in their trades. Happy trading!
U
by arpitjain11