forex_member

forex_member

I've outlined two scenarios for Monday—just basic ideas. Both are based on a continuation of the sell-off. I'll determine entry points in real-time tomorrow (if any opportunities arise, of course). I usually don’t try to predict the market, but on Sundays, it’s nice to reflect on potential next steps to be better prepared. Tomorrow doesn’t bring any major news,...

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CAD/CHF has reached the resistance trendline and has been forming a base for some time. It’s now beginning to show breakout potential, and if the price creates a good risk-to-reward (R:R) structure on a lower timeframe, there is potential for a further rally.

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NZDJPY has formed a pattern with a good chance of an upside breakout, suggesting a potential rally. Other JPY cross pairs are showing similar setups. With a favorable risk-reward ratio and a solid entry point, a buy order could be a good opportunity.

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NZDJPY has formed a pattern with a good chance of an upside breakout, suggesting a potential rally. Other JPY cross pairs are showing similar setups. With a favorable risk-reward ratio and a solid entry point, a buy order could be a good opportunity.

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I'm buying USDCHF right at the breakout visible on the 1-hour time frame. Currently, the target is 40 pips, but there are a lot of room for rally. What I like is the uptrend on the lower time frame (1h,4h), the nice breakout pattern that forms a cup and handle on the 4-hour chart, which looks like it's cut out of a text book, and positive sentiment in COT report...

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The German index DE40 has reached a zone where Daily timeframe buyers might step in, with a good chance of driving the price back up. The signal is to buy, but where to find the exact entry is something that each individual can figure out. I prefer to buy now, with a stop-loss slightly below the daily lows or if you are searching for best R:R, then wait until the...

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The USDCAD price has moved into the Daily sell zone, which suggests the possibility of new sell positions entering the market, potentially driving the price down. In the case that the zone is broken, there is a high likelihood of further price increases (which, in my opinion, is less likely). For those looking to short, I would recommend looking for a simple...

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Silver has currently reached a demand zone, which could provide an opportunity for a rebound. A short-term rally is quite likely. Before opening a trade, it's important to wait for a reasonable structure to form at the range breakout, ensuring a good risk-to-reward ratio (R:R)

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Just like with RBLX, there's a pretty key downward trend line on the 4-hour chart here too. If it breaks upward, there's a good shot at more gains. It'd be nice if the volume spikes during the breakout. That would give more confidence in a higher chance of a winning trade.

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I think this 4h downward trend line is pretty important. If it breaks upwards, there's a good chance we'll see more growth. It would be great if the volume picks up during the breakout. That would give more confidence in a higher chance of a positive trade.

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The price is moving from the resistance zone that was around $90. The market has driven the price down to the upward trendline. This trendline is supported by the weekly demand zone, which is very close to the monthly buy zone. Although there is a risk on the daily chart of closing the gap down to $48.80, I believe this is a good opportunity to take a buy position.

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After the upper trendline breakout, there is an opportunity to look for an entry buy position

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After the upper trendline breakout, there is an opportunity to look for an entry buy position

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The GBPAUD currency pair is beginning to form a structure for further decline. The downward trend seems to have solidified well. The previous major volume zone in the uptrend did not prove itself and was breached. As a result, this leads me to consider further potential downward trend. It seems logical to wait until the price returns to a better entry point, where...

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The price is currently forming a retracement towards the Day's supply zone. There's a chance for a buying retracement from the 4-hour zone, coinciding with the Daily zone. If an acceptable structure forms, with a breakout on a lower timeframe, it's worth attempting to trade it, with a stop loss at 2300 and take profit at previous highs.

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"Quick glimpse into one of many scenarios. Image for future me."

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The current price is near a larger timeframe zone/trendline, increasing the risk of illogical fluctuations where larger market participants may accumulate their positions. Whether the price will move up or down will be revealed over time. Analyzing the chart, there is a sense that there is a probability of reaching the weekly candle zone (which also seems logical)...

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A random idea about how the future trend might form. Primarily, to execute a trade, I search for pre-existing breakout scenarios, but occasionally, I also enjoy envisioning how the price could shape future scenarios. :)