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Weekly Trade Recap: USDCAD, ADA, ETH 04-10-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. USDCAD: running position Full analysis/forecast: ADA: -1% loss Full analysis/forecast: ETH: -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
22
GBPUSD important support area ...Hello Traders , if you see GBPUSD in weekly tf , you'll understand that it is in an uptrend and the last higher low is where exactly the price is now ! If a breaking of the structure happens in this support area , the weekly tf uptrend will be invalidate. I see the major momentum says the sellers are stronger than buyers and in the very last candle there is a full bear candle which means breaking the structure is more possible here ... What's your Ideas ?
by sajadakrami1378
EURCAD Reversal Price Action In the Making Hello traders: Also caught my attention is EURCAD for possible bullish reversal development. From the HTFs, we can see price has managed to move down to a previous lows, but within a descending correctional structure. This alone is usually not enough confirmation of possible reversal yet, hence we go down to the LTFs to see if theres further development. We can see now within the HTF descending channel, there is also a smaller, LTF descending channel as well. Good to have extra confluences stack on top. Now we just need to wait and see, if price can impulse out of the correction, and form further continuation corrections to confirm further upside move from the price. thank you
Long
by jojofang0901
27
NZDCAD Bullish Price Action, Wait For Buy Setups Hello traders: Also looking at NZDCAD for the potential upside move. WE can see price has formed a larger descending structure, correcting the price down. Latest development has also formed a lower time frame descending channel for potential bullish reversal price action. What we can wait for is price to commit to the upside, with a lower time frame impulse phase, pushing out of the descending channel, then wait for confirmation of a bullish continuation correction for the buys. if price does indeed impulse higher and out of the larger, higher time frame descending structure, then look for further continuation correction for more upside. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Long
by jojofang0901
13
CHFJPY Short Welcome back! Here's an analysis of this pair! **CHFJPY - Bearish breakout and strong rejection at key level. Targets 132.76, 55, and 131.00 swing. 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. Trade wisely! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
200 PIP move incoming?Hey Traders, Looking on the 4H chart for NZD/USD here, we've got a very interesting setup. As you can see we've had three solid bullish moves as marked by the purple rectangles, each supplying a solid demand area. The bottom 4 hour demand area is an area which I believe this price will come back down to and will bounce accordingly. You can see the solid bull run we have had from that area, yes, we did have one of the early candles in that move come back down and test that demand but I want to see full price action come back in and test that. If we do manage to get down to 0.677, I will also be looking to take this long from there. You can see that we filled supply at the top of the chart, we have just taped in there as outlined by a little blue circle on the wick. Once we taped up in there, we had a solid bearish push indicating there may be some more bearish power coming into play. While I'm not looking to just enter blindly when we come up to this 4 hour weak supply. I do want to see a solid bounce down on the 1H or 15M chart. As usual, I want to see a trend line break, I want to see some structure breaks, I want to see a solid indication that we are going to head lower from this area before taking the trade. We have some pretty obvious take profit points on the chart. Overall, I'm looking for a 200pip move over the next week. It will be interesting to see how it performs given NZD usually coincides with the AUD and I'm expecting Aussie dollar strength over the future, so keep an eye on this. Let's see how it plays out and I'll keep you updated. If you have any questions, please ask away in the comments!
Short
by the5erstrading
GBPUSD , DONT BE STOPPED OUT ON THE SELLS THIS TIME ROUNDFrom this position right here. we find that the price action is much trying to retest the previous lower highs , then later attempt to reach the lower lows .But in this case we do understand that the retail sellers have great interest on the move therefor setting a great deal of stop losses and buy orders up the previous resistance zone. so if I were to think against the conventional retail traders of whom 95% are relatively on the losing end , i.e against the banks .I would activate their stop losses . and buy orders in the direction they expected and get the liquidity trade trade offs . so in relation to this I would expect the price action to intentionally spike up . and to these high back up here , then moves and closes below the lower structure. this gives me the sign to SHORT. FUNDERMENTALS foe the WEEK. Governor Bailey is due to speak on Monday and traders will search for interest rate clues. The BoE softened its tone a little after the last meeting and yet markets are heavily pricing in a 25 basis point hike at each of the next five meetings, taking Base Rate to 2% by the end of the year. Bailey may use the platform to push back but probably to little avail given current inflationary pressures and more to come from commodity prices and the higher energy price cap from this month. We’ll also hear from a selection of other members of the MPC next week, while final services and construction PMIs are the data highlights.
Short
by DIGITALASSETSINC
Weekly Trade Recap: ADA, ETH, EURNZD, GBPAUD 04-03-22 Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 27th - Apr 1st. ADA: running around BE Full analysis/forecast: ETH: running around BE Full analysis/forecast: GBPAUD: Out for +2.5% profit Full analysis/forecast: EURNZD: Out for +0.5% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
BINANCE:ADAUSD
by jojofang0901
25
GBPAUD Still Look Fore More Downside Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure. From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook. Now that price has broken out impulsively, there's likelihood of further continuations What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows. Thank you
Short
by jojofang0901
14
GBPNZD Possible Further Drop, Wait for bearish price action Also dropping is GBPNZD as we can see from the top of the structure, double top, reversal price action and indeed the bearish impulse move down. Price is now at the bottom of the higher time frame structure, and is possible to continue downside, if a continuation correction can be formed. Similar across, wait for a bigger correction to form by moving up on the lower time frames to form a bigger correction before another move down to previous lows. Thank you
Short
by jojofang0901
21
GBPAUD Bigger Bearish Correction Can Form, Still look for sell Hello traders: Also possible to develop 2 sell potential setups here on GBPAUD. We can see after the previous bearish impulse down, price begin to form into a continuation correction. We see price is current already impulse out of this current bearish continuation correction, and forming lower time frame consolidation. This is where we can either see price commit to the downside and continue lower down to the next swing lows, or possible to make another short term, corrective move up to the top of the current continuation correction, and evolve into a bigger structure, and still reverse down from the top. Be on the look out for these 2 possible development. Thank you
Short
by jojofang0901
41
GBPJPY Back to the Top, Reversal Bearish Price Action Hello traders: GBPJPY has once again move to the top of the higher time frame structure, and with the lower time frame bearish price action, there could be opportunities for further sells. Here we can see a larger, channel like structure, correcting the price. There was a sharp bullish impulse up to the top of the structure, and initially was looking to have more continuation up. Instead, a sharp bearish reversal impulse down from the smaller ascending channel. Great signs of bearish reversal price action. To confirm the entry, price needs to form bearish continuation correction after impulse down, to validate the reversal price action from the top. HTF: thank you
Short
by jojofang0901
22
GOLD Finally A Clear Bearish Price Action Hello traders: Last few weeks/month many have been asking about GOLD's possible direction and whether to buy and sell. I have been telling everyone to remain patient and wait for the opportunity to arrive. Here now we can see a clear picture of the possible bearish development on GOLD. From the top, we can see a double tops after price failed to break above the all the highs. Instead, a sharp bearish reversal impulse phase down, good signs that the bullish momentum is exhausted. After, price begin to consolidate and correct, even forming a bigger H and S pattern as well. Now it looks like right shoulder, bearish flag continuation is about to finish. Be on the look out for further sell setups, if price can form lower time frames continuations to validate more downside move. Thank you
OANDA:XAUUSDShort
by jojofang0901
21
NZDUSD | Live position review | UpdateStoploss hit with around 30pips profit. Price is currently back into the neckline of the reversal pattern identified in the 1 Hour time frame and we are expecting a trend continuation to the downside should the price goes as planned. Cheers! Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1