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Swingtrading

How I identify the best forex pairs to trade:Here is how I identify the best forex pairs to trade: In the top left panel, the indicator 'Compare Forex' displays the PERFORMANCE of each major currency. The USD (red line) has been the strongest currency for the past 2 months on H6 charts. By identifying the strongest currency, all that remains is to trade the USD against all the other currencies since they are weaker. = Smooth stress-free charts. I look at my trades 2-3 times a day to see if they are still blue or red. Takes a few minutes.
Education
by ascension
13
EUR/CHF at a Critical Juncture: Will It Move Higher?The EUR/CHF pair has been experiencing a prolonged downtrend over the past few months, with consistent declines culminating in a record low of 0.9208. This scenario underscores strong seller dominance, as the market continually tests new support levels. Descending Triangle Analysis Currently, EUR/CHF is consolidating within a descending triangle pattern. This formation is characterised by a horizontal support line at the base and a descending trend line at the top. It indicates a temporary balance between buyers and sellers, although with escalating selling pressure as each peak becomes lower. Historically, the descending triangle is viewed as a continuation pattern, suggesting a higher likelihood of a breakout in the direction of the prevailing trend, which in this instance is downward. However, the horizontal support around 0.9305 has emerged as a psychologically significant level, acting as a protective barrier for buyers. False Breakout of Support On 19 November, EUR/CHF exhibited a false breakout below this support level, with the price momentarily breaching it. The presence of long lower shadows on the candles indicates a substantial rejection of selling pressure. This behaviour may suggest that, at least in the short term, buyers still maintain the ability to defend this critical level. Additionally, analysing the candle formations at the support provides insights into market sentiment. The emergence of long lower shadows implies that, despite a prevailing bearish environment, active buyers perceive value at current price levels. This rejection may open doors for a potential recovery, particularly if there is a convincing breakout above the descending trend line of the triangle. The sellers' behaviour is also notable: their inability to generate higher highs indicates that while they are persistently pushing prices lower, this pressure is gradually being absorbed by buyers at lower levels. This dynamic interplay of forces makes triangles a critical pattern to monitor, as any breakout—upwards or downwards—typically results in substantial price movement. The key now is to observe whether buyers can gather enough strength to breach the downtrend line, which could invalidate the classic continuation pattern and signify a potential reversal or at least a more pronounced corrective movement. Conversely, if sellers effectively break through the horizontal support without significant rejections, the triangle will confirm its continuation structure, allowing the downtrend to extend. Bullish Scenario If the price manages to break above the triangle’s downtrend line, it could signify a reversal or at least a considerable correction. The initial target for this upward movement would be: First Target: The 0.9500 region, marking the next recent high. Final Target: The 0.9770 level, which represents a significant peak in recent months. A breakout of the upper trend line, supported by confirmations such as increased volume or bullish candlestick patterns, would enhance the potential for upward movement. Bearish Scenario Alternatively, if the support at 0.9305 is broken, EUR/CHF may continue its downward trajectory. Such a breach would align with the descending triangle formation, with potential targets including: First Support: 0.9250 (a psychologically important level and previous support zone). Final Support: 0.9200 or lower, potentially exploring uncharted territory. EUR/CHF stands at a decisive moment. The rejection observed at support and the formation of the triangle provide opportunities in both directions. Monitoring price action against the upper trend line and horizontal support will be crucial for identifying the next significant move in this evolving market landscape. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
PAIN REFORM Breakout Trade in Action!PAIN REFORM Trade Details: A breakout in Pain Reform on the daily timeframe offers a promising long trade setup using the Risological swing trading indicator . Entry levels have been clearly identified, and the stock shows strong bullish momentum as it heads towards its profit targets. Key Levels: Entry: 1.32 Stop Loss (SL): 0.88 Take Profit Targets: TP1: 1.88 TP2: 2.77 TP3: 3.66 TP4: 4.21 PAIN REFORM Analysis: The chart signals a strong trend reversal, with the breakout confirming bullish sentiment. The risk-to-reward ratio appears favorable for this trade setup, and the stock is poised for further gains as it moves towards higher targets. Outlook: Monitor closely for momentum follow-through. With a robust breakout, the targets look achievable given sustained market interest and volume spikes. Stay disciplined with stops to lock in profits!
NASDAQ:PRFXLong
by ProfitsNinja
MEDPLUS Soars!MEDPLUS Trade Details: This trade setup on the 15-minute timeframe demonstrated a robust bullish trend with clean signals provided by the Risological Trading Indicator , resulting in all targets being achieved. Key Levels: Entry: 687.90 Stop Loss (SL): 683.95 Take Profit Targets: TP1: 692.75 TP2: 700.65 TP3: 708.55 TP4: 713.40 Performance Analysis: The steady uptrend, aligned with the dynamic moving averages, validated the long trade setup. Each profit target was systematically breached, emphasizing the accuracy of the entry and exit strategy. Trade Outcome: This trade proved to be a stellar performer, with all targets hit in quick succession, delivering exceptional results for intraday traders. Maximize your trades with the Risological Indicator – precision, clarity, and profits!
NSE:MEDPLUSLong
by ProfitsNinja
ICT Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in GBPJPY for session trade (a couple of days) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
ICT Long setup H4 EURUSD👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in EURUSD for session trade (a couple of days) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
AUD/USD: Seeking dips for move to 66cAUD/USD has risen for a thirds day from its multi-week low, and shows the potential to head for 66c It is the second day in a row the market closed just off its daily high and the daily RSI (2) is not yet overbought. However, the October high makes a likely interim resistance level which could spark a pullback before dip buyers return. Bulls could seek dips down towards the weekly pivot near 0.6500 in anticipation of its next leg higher, with 0.6560, 0.6584 (November VPOC) and the 0.6600 handle coming into focus.
Long
by CityIndex
EURCHFHello Traders, Here’s my analysis for this currency pair. Feel free to leave any questions or comments below. Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities. Pro Tip: One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
GBPJPYHello Traders, Here’s my analysis for this currency pair. Feel free to leave any questions or comments below. Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities. Pro Tip: One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
Trade Review - ALGS When stock showed up in screener showed a bullish continuation pattern on daily timeframe and a potential failure test / pullback on the higher timeframe downtrend, a bit near mean but was added to watchlist. Execution chart. Trade Overview • Structure: Bullish Continuation (D) • Position: Near Mean (D) • Entry Trigger: Breakout (D) Entry Details • Entry Price: 11.13 • Stop Price: 9.38 • Target Price: 12.96 • Expected Risk/Reward: 1.05R Exit Strategy • Exit Price: 14.47 / 1.91R
NASDAQ:ALGSLong
by Trader-Shah
Conquered 250 Pips, What's Next in the Wave? Swingers!Let's keep it simple, As Always! As of today, GBP/USD has delivered a solid 250-pip move following our analysis shared on October 9th, 2024. Our forecasted move materialized as expected, with the pair continuing its upward momentum after a brief consolidation phase. For those who took the trade, congratulations on securing some solid profits! Now, the question on everyone's mind is, what's next for GBP/USD? Let’s break down the structure and identify the potential move within the wave. Keep an eye on price action around these levels for the next wave. A pullback to 1.2300 could offer an entry for the next rally. Stay cautious and wait for confirmation before jumping in. Let's see how the market unfolds over the coming sessions. -Zak Happy Trading! 🔥
by blamezak
Heng Seng seeks rally from 61.8% fib level (7th time this year)This is purely observational, but today I noticed that Hang Seng futures have risen from a 61.8% Fibonacci level six times this year. And as the rallies have landed anywhere between 6.5% to nearly 50%, it is worth noting that it is trying to rally from it a seventh. A 3-day bullish reversal pattern formed on Monday (morning star formation) and the daily RSI (2) was oversold on Friday. Bulls could seek dis back towards the 61.8% in anticipation of a leg higher to 20k or 20.5k over the near term. MS
HKEX:HSI1!Long
by CityIndex
EURCADHello Traders, Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you! The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity. Pro Tip: One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
EURJPYHello Traders, Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you! The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity. Pro Tip: One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies. Good luck and happy trading!
Short
by PerryD_FX