Tradingforex
GBPUSD H1 - Long Signal 1.26GBPUSD H1
This is what the next entry would look like if we were to trade from that 1.26 whole number, we have seen a pullback to 1.26200 which ties in with previous R/S. But that whole number is typically the play we want to catch.
It makes more sense based on fibs, whole number, S/R and demand.
$PQEFF trading overview
The TSX venture exchange has accepted the long awaited application of $PQEFF for resumption of trading in its common shares on the market, the investors would now be allowed to trade the shares on the TSX-V by the end of this week.
GBPAUD H1 - The Range Continues!!GBPAUD H1
Another 3.6R seen from this setup we posted yesterday, and instant response to that resistance price.
Pip perfect close and open, active hourly candle is selling off aggressively.
usdjpy new bearish usdjpy has reversed direction after touching the supply area and has the potential to continue to decline, the next movement of the price will potentially decrease to a new demand area but it should be noted that there is a swap zone that keeps the price bullish and this technique is quite high risk if done
GBPAUDGood evening,
We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price reaches that level. What I would like to see is a few smaller candles as we approach and then a large red candle to prompt a short entry. Let's see how this one plays out, if you have any questions feel free to message me.
I Got Stopped Out Of This Trade. Here's What I'm Doing Next.Hey Purpose trades. I was stopped out of one of my recent trades. I followed my rules to the T as I always do, but price wanted to go the opposite way. In this video I am showing you what I'm doing next.
Have questions or comments? Leave them in the comment section below.
gbpcad reversal pattern on gbpcad I sort on a large timeframe to a small timeframe, I see great potential on the daily timeframe and the h4 timeframe, I shrink my area and find a pretty good reversal pattern, this seems quite interesting. I give the view that gbpcad will go down first towards the demand area at 1.631 - 1.629 to continue the increase towards the supply area that I have drawn, maybe it can be higher than before
AUDUSDA short setup for AUDUSD. It will normally come back to my POI and then react again.
Take Note💡
usdchf trading planusdchf is moving on a pretty good run, but can it break the h4 resistance that has been tested many times?
I will place my order there, hopefully it goes smoothly and immediately drops with the lowest speed
Will inflation peak this week? 14 Feb – 19 Feb, 2022*Please note; The author is working from UTC +13 when determining the timeline of data releases.
Will inflation peak this week?
14 Feb – 19 Feb, 2022
Six significant inflation rate figures will keep investors on their toes almost every day of this week, with the most important data concentrated on Wednesday trading.
Bear in mind the expectations for most of the inflation data figures are strongly suggesting that inflationary pressure has already peaked. So, watch out for deviations from these hopeful expectations.
Tuesday, February 15:
India Inflation Rate YoY JAN
The week opens with India's Inflation Rate YoY to January. The data is released on Tuesday morning, and the market is expecting India's Inflation Rate to rise to 6.0% from the current 5.59%.
The Indian Rupee is trading at a 7-week low against the US Dollar and a 3 ½- month low against the British Pound. The Rupee's weakness so far (and possibly to continue after Tuesday's data release) can be explained, in part, by the Reserve Bank of India less-hawkish stance than the US Federal Reserve and the Bank of England concerning raising interest rates. India's Inflation Rate hitting 6.0% isn't expected to radically alter the Reserve Bank of India's relatively less-hawkish stance.
Wednesday, February 16:
China Inflation Rate YoY JAN
UK Inflation Rate YoY JAN
South Africa Inflation Rate YoY JAN
Expect three inflation rate data releases across Wednesday afternoon that may have the most considerable impact on this week's trading.
In order of appearance:
China's Inflation Rate YoY to January is forecast to fall from 1.5% to 1.00%.
The UK's Inflation Rate YoY to January is forecast to remain flat at 5.4%.
The direction that South Africa's Inflation Rate YoY to January is expected to head is contentious. The majority of the market expects the South African Inflation Rate to subdue a fraction of a percentage point from 5.9% to 5.7% or 5.6%. However, TradingEconomics is forecasting a rise to 6.0%.
Thursday, February 17:
Canada Inflation Rate YoY JAN
Canada's Inflation Rate YoY to January, released very early Thursday morning, is forecast to remain flat at 4.8%.
Thursday’s result may force investors to reconsider their exodus from the Canadian Dollar last week, as US Inflation hit a 40-year high and expectations for an aggressive US Federal Reserve response heightened.
The same forces could be in play this week but in the opposite direction. The Bank of Canada is on the edge of a more aggressive stance and hotter than expected inflation could essentially guarantee that it enacts its first post-pandemic interest rate increase on March 2.
Friday, February 18:
Japan Inflation Rate YoY JAN
Closing out the week is Japan's Inflation Rate YoY to January, released mid-day Friday. The market consensus is a mild increase to 0.9% from the current Inflation Rate of 0.8%.
As Japanese companies are extremely slow to hike prices, Japan's peak inflation may lag other nations and continue to rise above 0.9% in the ensuing months. For one, the Bank of Japan is expecting inflation to hit 1.1% YoY to April, but still well under the Banks target annual inflation of 2.0%. Consequently, the Bank of Japan is expected to maintain its ultra-loose monetary policy and its -0.1% short term benchmark interest rate for the foreseeable future.
As such, it might be a shock for the Japanese Yen to improve its position from its 5-year low against the US Dollar.
EURAUD TRADING PLAN I see that euraud has the potential to increase and is good enough to take that step
i recommend
buy limit 1.58798
stop level 1.58605
profit target 1.59680
EURGBP BEARISH CONTINUATION ?
EURGBP is still very much bearish and is in a critical zone. This is a potential liquidity zone if we examine the charts from the daily time frame (0.8300), a level that has been protected for 23 months. Smart money will be very keen on taking Sell side Liquidity to activate stops at this level. We are anticipating a big flush to the downside, however if there’s enough bullish momentum, we may see a bullish reversal from this point. We are currently paying attention to price action around this level to see what the market is deciding to do from the lower time frame.
GOLD how are you???? FLY or DIVE??I think this time for buy Gold (1813-1816) untuk base area before. AFTER this let's see the moving price be carefull i think GOLD still can go down. Be Wise for that !!!!!
That's my opinion
Good Luck !!!
:):):):):)
Descending channel pattern AUDUSDYou see it's on the bottom of this pattern i see as a descending channel. The reason why i see this as a buying opportunity is because it might respect this pattern and it also has two untouched zones above which it might be attracted to. In the end of the day it might touch the upper line and continue down with its pattern or it might break above and continue up and create a new pattern.
XAUUSD Long !XAUUSD LONG UNTIL 1869
I will keep this short and nice. Not financial advice trade at your own risk.
I have been looking at gold for a good time now since last week and finally after a push to the downside while Jerome Powell spoke today. I think gold is at a cheap price level after taking out a lot of buyer from January 19th
its looking perfectly at a level to move to the upside to 1869 and its also at a strong FIB level for a bounce as well.
I will be looking forward to enter trade with a good price action with nice momentum. More likely when the London session starts, trade safe and be smart
DXY D1 - Short SetupDXY D1
We may finally see this pullback towards 94.500 after the headlines and comments from Powell and the FED yesterday, lots of volatility surrounding the event, but as per the technical rundown... Solid bearish close with a majority wick fill.
Fresh daily, and we are seeing resumed weakness, really need to break and close around 95.500 to break interim support and send us deeper south.
CADJPY H4 - Short SetupCADJPY H4
Next entry point marked on, as described in the technical rundown, and break and subsequent retest of this interim S/R level at 89.00 would be our next point of entry. Sold off a solid 110 pips last week.
89.00 down to 88.00 firstly, with potential to extend further beyond, targeting 86.300.
CADJPY H4 - Short SetupCADJPY H4
Possible short incoming as we approach this 90.00 handle, we have already extended 150 pips from our pivot point without a correction (88 handle).
Even if we see a relief rally from 90.00 this could still offer us a solid 2R or even 3R. We have been trending some time and as we approach year end, I wonder if these will continue. I'm fairly doubtful and expect we may see ranges between 90 and 85 again before year close.
We have our 90 whole number, 618 fib resistance and S/R from previous zone holds already.
