GBPUSD ANALYSISAfter seeing GU reject a daily trendline area of resistance for a retracement, we could see price continue to the upside after reaching into the Fibonacci 61.8%
Swing-trading
Swing Trading - Using Market Side and Opening Range FiltersSwing trading is a short-term strategy where traders aim to capitalise on small price movements within a financial instrument over a specific period. The goal is to capture gains from these "swings" in the market rather than focusing on long-term trends.
In this example, I am trading the GBP/JPY using the market side and the session opening range as filters to determine high probability trading direction:
Market Side: This helps to identify the overall trend or sentiment in the market.
Session Opening Range: This is the price range between the high and low during the initial period after the market opens. It is used to set reference points for potential entry and exit levels.
Here's a simple breakdown:
Below the Market Side and Opening Range: If the price is below both the market side indicator and the opening range, this signals a bearish sentiment, and you look for selling opportunities.
Above the Market Side and Opening Range: If the price is above both the market side indicator and the opening range, this indicates a bullish sentiment, and you look for buying opportunities.
I use the Charts247_WT Custom Indicator Candles for entries and exits, which provide specific signals to enter trades and exit existing positions. This combination of trend filters and entry signals helps improve your trades' accuracy and timing, aligning your actions with the broader market context.
Looking bullish on KHC very soon! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Swing & positional trading opportunities for next week (6th Jun)Here's my watchlist for The coming week. Some interesting Trading setups. Made with @AVENUESOFINVESTMENT . Which stocks are on your radar?
i said SOLAUD would bounce like a KangarooAnd it bounced like a Big Red Aussie Kangaroo.
Brilliant trade-in SOL.
Go and lay on Solana Beach now.
Do you need formal education in finance to do well?When we grow up we often look at disciplines as being behind an "education wall". While this might be the case, I believe being a trader is its own discipline and the education is vastly self-driven and done through the free university hosted by Mr Market.
Pre-market and the futures. Are they meaningful? Often times we find ourselves staring at the futures or the pre-market before the actual markets open. Is there a point?
And why does it matter whether we have an opinion about the futures or the pre-market?
USD_JPY TECHNICAL ANALYSIS+TRADING PLAN
In the video, I discuss my technical analysis of the USD_JPY
From the falling channel to the bear triangle that many people were trading
Further, I discuss the bearish and bullish scenarios for the pair
And give my guidance as per the trade entry's and targets
If you want to know more, feel free to watch the video!
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