the5erstrading

the5erstrading

Nice supply and demand set up showing on BTCUSD. While we do have a solid head and shoulders pattern, I do not believe there are enough people selling the asset to push it below $40,000. Keep an eye on it, we have a prominent bounce in our demand zone which can easily see the price push higher. Target is at the local supply. Let me know what your analysis is.

the5erstrading Updated 

A very simple yet clean set-up has formed on USDCAD 1H chart. As we find ourselves moving out of a supply zone, I can see price moving down to the demand level. Keep an eye on this pair, it can be an interesting one when it comes to new releases and it is a busy week for the USD. Let me know your analysis!

the5erstrading Updated 

We can see a double top formation on the GBPUSD 1H chart. While the overall trend recently has been bullish, looking at the daily chart we can potentially see this as a pullback before retesting the lows and demand for the GBP. Keep an eye out to see if it can break the 1.35800 price, if we fall below that, I will be looking to short it to the demand zone,...

the5erstrading

GBPJPY is sitting at a very strong level after a very clean bull run. If it breaks above this channel, it has a clear run up to 164. If it fails, I can see it retracing to the bottom of the channel where we had a strong support. What do you think will happen?

the5erstrading

AUDUSD has been one of my personal favourites to trade over recent times. In this analysis you can clearly see what I have been watching and what I am predicting for the near future. All dependant on the NFP release. Let me know what you think, be sure to like the idea if you agree or comment with your analysis if you think otherwise! Good luck traders.

the5erstrading

Looks like a strong channel has formed for the AUDCAD 1H chart, can see this moving sideways for the time being, what do you think?

the5erstrading

Had a very strong move yesterday to the downside on gold, which it hasn't really retraced. We have come straight back into a demand zone which may be broken, but not without retracing first in my opinion, how far back do you think it will retrace?

the5erstrading

Looks like a nice flag pattern forming on the EURUSD daily chart, with NFP approaching later this week and a predicted good result for the unemployment rate of the USD, I can see this breaking to the downside further.

the5erstrading Updated 

Can see a tight 10 pip channel forming on the EURCHF pair which I believe the top end of the channel will struggle to be broken throughout the Asian session. Usually see a range on this pair of about 20 pips, so will be looking to take a short on a rejection of the resistance, and take it to the other side of the channel, potentially further after reviewing the...

the5erstrading

Over the past 3 days GBPUSD has put on a rally forming a pattern called the "Three White Soldiers". This is a strong rare formation in FX pairs indicating that we are ready to go bullish. However, you can see in the chart it has formed this pattern straight into a strong area of supply. With low liquidity from it being the holiday season and no macro environment...

06:32

the5erstrading

A lot of traders like myself, like to visualize the moving averages on their chart and incorporate them in their trading strategies. But what is extremely common in doing this, is traders being under the assumption that a moving average is the exact price in which we see supply and demand in the market. In this video, I clearly outline how to add a channel around...

61:00

the5erstrading

Weekly forex analysis- In The5ers live trading room, we analyze the charts for the upcoming week. We start with the higher time frames and then check the lower time frames for intraday opportunities.

the5erstrading

We see a general strengthening of JPY against all currencies as inflation projections and uncertainty increases in the US and Europe

the5erstrading

Last week the euro sold off against the us dollar, we tend to see a continuation after sharp movements like that. we are waiting for a deeper retracement towards resistances or supplies to go short

the5erstrading Updated 

The Euro has surged higher last weeks showing a clear bullish momentum. The blue lines represent important support levels, near demand zones visible on lower TF. Any pullback to those levels provides a good opportunity to join the bullish direction. A test of next resistance is very likely and a break of it could lead prices up to the top.

the5erstrading Updated 

The Kiwi has recently triggered a Head and Shoulders pattern, breaking the neckline. The next setup would be after a retracement to the breaking level acting as a resistance zone. From there we can look for opportunities to sell this pair.

the5erstrading

Fakey formed on resistance, potentially forming a double top, considered a reversal pattern. Short at bottom of the fakey bar with a stop loss above the tail of the previous bar.

04:01

the5erstrading

Uptrend and pinbar on support. Potential reversal pattern and a lot of supply The key is knowing when the setup breaks down and need to get out of a trade