ForexInstitute

ForexInstitute

NZDUSD reacted to daily support and broke recent highs Expecting a retracement back to smaller 4H/1H support and then push to previous resistance levels Looking for buys

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Depending on how price reacts at this daily support zone I will be looking to buy Look for rejection wicks, engulfing candles or SMC bullish Change of characters.

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DXY reaching a key level Await price action and reaction to see if it breaks out of this resistance or fails and falls back into support Could help build a bias for USD pairs

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This pair just keeps giving more and more! Simple OB and smart money concept following the overall downtrend. Best advice - keep your trading as simple as possible, trust in a strategy and just manage your risk.

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Currently in this trade Trade triggered sell limit and bounced off perfectly. Currently put SL to BE and partials will be taken at 1:2 RR Hopefully it can hold

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Watching this one as a simple break and retest of the 4H support zone. Will wait for price to retrace into that area and act as resistance. Carefully monitor price action around that area before taking a short. Candles must show sign of rejection - you can drop to the lower time frames to get a better entry. Good RR possible. Remember to use risk management and...

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Possible shorts here for USDJPY - I believe price will wipe the equal highs as there is a lot of liquidity sat above. Could then tap into the OB and press for the real move down. Approaching a big area of resistance but needs to grab some liquidity before a move down. Lets see how this plays out...

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Cannot believe this EJ trade was missed today! The move started early this morning and I woke up late since I've not been too well. Should have set a Sell limit for this 1:18RR!! - oh well on to the next. Price moved exactly as predicted using smart money concept. Stay tuned for more ideas, trade analysis and signals.