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Missed Trade Recap: EURUSD - SHORT, 19/12/2024EU Bias Analysis: Daily EPD had been achieved on the minor range and the 4H had established a bearish pro-trend. After reading between the messy price actions lines, I confirmed that short entries were in line with the 1H bearish range. Price pulled back to equilibrium at 50% and the short position could've been executed after entry confirmation. Grade: High Risk Why I Missed This Position: - This position was a high risk trade, and as I'm currently in phase 2 of the trait building protocol, I am only permitted to take low risk variations. - A low risk variation of this position would've seen price retrace to at least the 70.5% fib level without displacing and forming 1-sided FVG's. Once a 1H or 4H KI area was mitigated, I would then require an internal sweep of TBL on the 15M timeframe to satisfy trade parameters.
Short
by The_Modern_Day_Trader
AUD/JPY SHORT.Took a previous all time high so we can expect a pull back. We had a very bearish engulfing candle on the monthly which left a fvg and we had some rejection from the fvg and a move to the downside that left a daily fvg along with a trend line. If i get a rejection from inside the daily fvg and from the trend line at the same time I will wait for a bearish engulfing candle from that area and look to short from there. Also if you take the fibonaci retracement from the high to the low we have rejected from the 0.62 level so we have enough confluence to look for shorts.
Short
by sam8484
EURUSD M30 In the previous analysis , the momentum generated by news pushed the market sharply downward, aligning with my projections but with a slight delay. As a result, the market moved 128 pips lower, just one day off the original forecast. The overall bearish trend remains intact. However, the market is currently in a consolidation phase, which could offer a temporary buying opportunity. I anticipate that buyers may push the price higher toward 1.0423, and potentially 1.0460. From these levels, the downtrend is likely to resume. Close observation of selling pressure at these key zones will be essential to confirm the next phase of the market's movement.
Long
by GreyFX-NDS
EURJPY Wave Analysis 19 December 2024 - EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair. EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
Long
by FxProGlobal
EURGBP Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal
Breakout-reversal level entryAs you can see from the analysis we had a range that was broken below which created a double bottom( neckline as our Resistance), then price broke above and respected our resistance which caused us to have a New Support, which means we have a new level we can trade at. Price broke out and reversed towards the New Support, which is where I entered my trade and made some profits. So all in all, it's important to use your levels to look for entries, don't use levels that are not respected by the market also wait for the market to reached your setup and don't chase it. If you would like more detailed tutorials like these comment below so I can post more
Education
by StarleXtheTrader