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EURUSD D, ABOVE 1.0189 TARGET 1.0268 & 1.0368EURUSD made a false break below Strong Support 0.98999, and the rebound. After That, EURUSD HIT TARGET at 1.0078, 1.0134, 1.0189. As we talked at previous idea, "While Above 0.9899, EURUSD then Potential Rebound To 1.0078, 1.0134, 1.0189." Now, Can EURUSD rebound continue? If EURUSD Break Above Fibo 61.8% 1.0189, then Potential Target at 1.0268 & 1.0368. Strong Resistance at 1.0368, If Break, then Bullish. But while EURUSD still Below Fibo 61.8% 1.0189, it Still Bearish. Strong Support at 0.9899, If Break, then Bearish Continue To Target 0.9840. Next Bearish Target 0.9710. (From AB=CD pattern, where D=0.9710).
Long
by Wahyu_Luck
NZD/USD for long? There is a potential inverted head and shoulders pattern on the nzd/usd chart. So it all depends on the CPI numbers; if we see a price drop to the 0.6060 area, and if the CPI numbers come in lower than expected, we can consider the scalp long position relatively safe at that point. Higher CPI numbers are very likely to extend USD strength (in which case you can wait for the bullish pattern to fail and go short), so don't anticipate the numbers and wait for clarity.
by merjemascerija
GBPUSD- 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
by Tradelikemee
EUR/AUD for long (hourly tf) Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the downward movement (which should be a retracement) accelerates down, then wait for other confirmations. But for now we have a lot - daily confirmation, Macd bullish divergence (1 hour) and 1st higher high.
Short
by merjemascerija
HOW TO SET STOP LOSS | 3 STRATEGIES EXPLAINED 📚 Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules. 1️⃣The first trading strategy is a trend line strategy. The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a trend line, you should identify the previous high. Your stop loss should lie strictly above that. 2️⃣The second trading strategy is a breakout trading strategy. The technique implies buying/selling the breakout of a structure, expecting a further bullish/bearish continuation. If you are buying a breakout of a resistance, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a breakout of a support, you should identify the previous high. Your stop loss should lie strictly above that. 3️⃣The third trading strategy is a range trading strategy. The technique implies buying/selling the boundaries of horizontal ranges, expecting bullish/bearish reaction from them. If you are buying the support of the range, your stop loss should strictly lie below the lowest point of support. If you are selling the resistance of the range, your stop loss should strictly lie above the highest point of resistance. As you can see, these stop placement techniques are very simple. Following them, you will avoid a lot of stop hunts and manipulations. How do you set stop loss? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
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OANDA:XAUUSDEducation
by VasilyTrader
88
EUR/USD for long We have some obvious bullish signs here. First of all, if we look at the daily chart, we can see that we have a bullish flag pattern that suggests a move to the upside. So, to trade with a high probability of success, it is better to wait for a breakout on a daily basis (to avoid false intraday signals). That's what we got. Now the question is where to enter the position, if you haven't already. Well, I would look for any nearest retracement. Last week brought some fundamental changes as the Fed is more likely to slow rate hikes to delay the INEVITABLE RECESSION (which is technically already here). But OK. This can be some relief in eur (although the situation in the EU is even worse, but here we are LOL). Of course, if you entered a long position, don't be greedy and use some achievable targets, such as the AB CD 1.0 target from the daily chart. Keep in mind that anything can happen, and we could see bears enter the market at any moment, but that's why we use stop losses.
Long
by merjemascerija