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EURGBP Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term trend that has a potential to reward us with +8%. These trade signals are derived from both the monthly and weekly. The monthly price is currently running in the bearish half a bats L1 that has last months price closed with a bearish reversal candle pattern that was followed by the current candle that is retesting the 3rd weekly key level and bearish crossed short-term m.a's to fully confirm the patterns 2 level trend. The weekly, on the other hand, has formed a bearish H&S pattern (that confirms the monthly's previous bearish reversal candle close) that has its price running in its accumulation phase above the neckline after it bounced off the 50 and bearish crossed short-term m.a's, signaling an upcoming 3 level trend. So, the monthly and weekly confirm each other for the drop, however, things can go south, meaning, the drop might not occur. With that said, let us see how the price will prove us right and wrong. Bulls: -If the price bearish bounces off the Weekly H&S Neckline with a bullish reversal candle pattern that leads it to bullish rally to break and retest the 3rd Weekly Key Lvl/Weekly Neckline 3 together with the 50 and bullish crossed short-term m.a's, the price would've formed a bullish reversal pattern (probably a double bottom) that will dis-confirm our trades (proving use wrong). Bears: -If the price bearish breaks and retest the Weekly H&S Neckline (1st trade signal) then continues to drop to break and retest the 4th Weekly Key Lvl (2nd trade signal), that will trigger what I call an "H&S A-E.3 signal" that fully confirms our trades anticipated 3 level trend (proving us right). That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed, Spha Thwala.
Short
by Doji-2k1
2
Bitcoin dump could be about to happenso continuing on looking at this current run and a fractal of the all time high, it looks like we could run up to around 48200 ish give or take ar hundred or so then would be looking to replicate the dump that the all time high had, which on this smaller time frame would get us down around high 41k ish or low 42k ish range for this next big move, there is an amazing amount of confluence occuring where we are replicating the same patterns and lines just on a smaller time frame
FTX:BTCUSDShort
by surfbeach73
2
EURJPY, USDMXN: FX Minor Pairs Affected By Policy ExpectationsIn today's #marketinsights video recording I analyse EURJPY and USDMXN! Euro, although affected by expectations that ECB will not only cut but probably also QE, is trading relatively firm against a weaker yen. BoJ's ease seems to be taken to heart compared to ECB's as Japan is ultraloose already! The Mexican Peso, on the other hand, seems affected by expectations the Fed's hiking cycle has now turned dovish, with FOMC expected to cut again next week!? Economic data that affected Yen, Dollar and Mexican Peso -* Euro is affected by ECB policy expectations: - JPY Core Machinery Orders m/m -6.6% vs -1.9% - USD PPI m/m 0.1% vs 0.2% - MXN Industrial Production n.s.a. y/y -1.7% vs -2.7% Politics: - China offers olive branch t US by reducing tariffs on certain US products - Trump talks with the Iranian president to arrange a meeting Monetary Policy: - Markets expect ECB to cut, but not sure on QE yet. With QE we'll see double-whammy Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
USDCHF - Short - 4 hour time frame - Fib and 6 to 1 win vs riskHello all DuncanForex here with another trade idea With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle. I am now expecting price to head lower for a 6 to 1 Win vs Risk trade. WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast. One to hold over the weekend and will take most of next week to play out. I am entering 3 trades and will look to enter further trades as it starts to cycle lower. My website is now live Thanks for looking at my idea Duncan
Short
by UnknownUnicorn483829
2
EURUSD - Supertrade 11 to 1 with scope to add positionsHello all - DuncanForex here with another trade idea After the quick scalp on Friday, price action is cycling higher this afternoon Multiple ways to trade - on the daily chart - you can enter on the break of the high I am also looking to enter on the retrace overnight to see if the area I have shown in the picture holds as support and if it does I am in on Buy Limit orders. This is with a double bottom looking to be printed and confirmed if the 1.1250 area is broken, however I am looking to get in at the bottom of the move and not at the top. DuncanForex is now live Head over for lots of content. Thanks for looking Duncan
Long
by UnknownUnicorn483829
EURUSD Long - 30m chart - shame its Friday nightHello all - DuncanForex here with another trade idea. With USD weakening against GBP, I have been watching EURUSD today to see when it will reverse to trade this pair After the engulfing 1 hour candle this afternoon- I have entered on the retrace Looking for a quick scalp before the close later this evening and if it looks to close bullish - I will stay in, otherwise I will close and re-enter on Monday thanks for looking Website is now live Thanks Duncan
Long
by UnknownUnicorn483829
GBPUSD - Long = Compound Trade entries - Awesome 24% growthHello all - DuncanForex here with a continuation compound trade With my first entry hitting TP this morning, I am looking to get more entries now on the next cycle higher Trades 1, 2 and 3 entered this morning at 1.2070 along with GBPJPY Trade 1 TP Hit Trades 2 & 3 Stop loss is now at entry point of 1.2072 - to take into account swaps. Entries, 4, 5 and 6 are on a buy stop at 1.2095 area Take Profit targets I have added to this chart to show what I am aiming for overall Trade number and reward vs risk ratio 1 = 2 to 1 2 = 3 to 1 3 = 4 to 1 4 = 3 to 1 5 = 5 to 1 6 = 7 to 1 Risk profile of 1% per trade Overall Risk at any one time = 3% as first trade is already TP. trades 2 & 3 are at break even before second 3 trades opened. Total capital growth if this plays out is 24% Risking 6% overall of capital with only 3% of it at risk at any single time (3 trades opened with 1% each) I hope you find it interesting Head over to my website to join and learn how to do this yourself Cheers Duncan
Long
by UnknownUnicorn483829
GOLD - XAUUSD - Short - AB = CD retracement - Second leg entryHello all - DuncanForex here with another trade idea I am looking for GOLD to head lower on a second leg movement down following the engulfing bearish candle printed yesterday It will head back to 1375 areas slowly - retest what is now support and then head higher up to 1800 over the next year. I will be trading Gold heavily over the coming months based on this view. The website is now live Thanks for looking at my trade idea Duncan
OANDA:XAUUSDShort
by UnknownUnicorn483829
GBPJPY - Long Trade - Up to ResistanceHello all - DuncanForex here with another trade idea I am looking to go long on GBPJPY Although there are trade wars going on in the back ground and in turn short term sentiment is being impacted. At the same time GBP is yo-yo-ing due to ongoing Brexit Hard or Soft short term sentimental views. I am going long GBPJPY, however will be managing the trade closely due to this. The website is now live - please head over for a lot of free content. Thanks for looking at my trade idea Duncan
Long
by UnknownUnicorn483829