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BTCUSD Potential Bullish Reversal from Key Support Bitcoin is currently trading around the **70,600** level after completing a sharp correction from the recent local high. The price structure on the 15-minute chart shows a clear **ABC corrective pattern**, where the market formed a lower low and then started building a potential base near the **70,500 support zone**. The recent price action suggests that sellers are losing momentum as Bitcoin forms a **higher low after the correction**, indicating a possible shift toward bullish momentum. The marked support area has already reacted once, which strengthens the probability of a short-term rebound. If price holds above the **70,500 support**, a long opportunity may emerge around the **70,600 entry zone**, targeting the **73,180 resistance area**. This level aligns with the previous structural resistance where sellers previously entered the market. **Trade Setup** * **Entry:** 70,600 * **Stop Loss:** 69,980 (below support to protect against a breakdown) * **Target:** 73,180
BITSTAMP:BTCUSDLong
by Gems-Trades
Forex trading (foreign exchange trading)What Is Forex Trading? At its core, forex trading involves exchanging one currency for another. Currencies are traded in pairs, such as: Euro / United States Dollar (EUR/USD) British Pound Sterling / Japanese Yen (GBP/JPY) Australian Dollar / United States Dollar (AUD/USD) When you trade forex, you are simultaneously buying one currency and selling another. For example, if you believe the euro will strengthen against the U.S. dollar, you buy EUR/USD. If the euro rises in value relative to the dollar, you can sell the pair at a profit. The forex market operates 24 hours a day, five days a week, across major financial centers including London, New York, Tokyo, and Sydney. This continuous operation allows traders to react instantly to global economic news and geopolitical events. How the Forex Market Works Forex prices are determined by supply and demand. Several factors influence currency values: Interest rates – Central banks such as the Federal Reserve and the European Central Bank adjust interest rates, affecting currency strength. Economic indicators – GDP growth, employment data, inflation, and trade balances impact demand for a currency. Political stability – Countries with stable governments tend to have stronger currencies. Market sentiment – Investor confidence and risk appetite influence currency flows. Currencies are typically categorized into: Major pairs (e.g., EUR/USD, USD/JPY) Minor pairs (e.g., EUR/GBP) Exotic pairs (e.g., USD/TRY) The most traded currencies in the world include the U.S. dollar, euro, Japanese yen, British pound, and Swiss franc. Key Forex Trading Concepts 1. Pips and Lots A pip is the smallest price movement in most currency pairs, typically the fourth decimal place (0.0001). A lot refers to the size of a trade. Standard lots represent 100,000 units of a currency, while mini and micro lots represent smaller amounts. 2. Leverage Leverage allows traders to control a large position with a small deposit called margin. For example, 1:100 leverage means you can control $100,000 with $1,000. While leverage can amplify profits, it also increases risk significantly. 3. Spread The spread is the difference between the bid (sell) and ask (buy) price. Brokers earn money primarily through spreads or commissions. 4. Margin Margin is the required deposit to open and maintain a leveraged position. If losses exceed the margin, a broker may issue a margin call. Types of Forex Traders Forex trading attracts different types of participants: Central banks – Manage national currency reserves and monetary policy. Commercial banks – Facilitate international trade and investments. Corporations – Hedge currency risk when conducting business overseas. Institutional investors – Hedge funds and asset managers speculate or hedge exposure. Retail traders – Individual traders using online platforms. Retail forex trading has grown significantly due to the availability of online brokers and trading platforms such as MetaTrader 4 and MetaTrader 5. Trading Strategies in Forex There are several approaches to forex trading: 1. Day Trading Day traders open and close positions within the same day, avoiding overnight risk. 2. Swing Trading Swing traders hold positions for several days or weeks, aiming to profit from short- to medium-term trends. 3. Scalping Scalpers make multiple small trades throughout the day to capture minor price movements. 4. Position Trading Position traders hold trades for months or even years, focusing on long-term economic trends. Traders often rely on: Technical analysis – Studying price charts and indicators. Fundamental analysis – Evaluating economic and political data. Sentiment analysis – Gauging market psychology. Advantages of Forex Trading High liquidity – Large trading volume ensures tight spreads and easy execution. 24-hour access – Trade anytime during the week. Leverage opportunities – Potential for higher returns with smaller capital. Low transaction costs – Compared to many other markets. Risks of Forex Trading Despite its opportunities, forex trading carries significant risks: High volatility – Currency prices can change rapidly. Leverage risk – Small market moves can cause large losses. Emotional trading – Fear and greed may lead to poor decisions. Market unpredictability – Unexpected geopolitical events can disrupt markets. Many beginners underestimate the psychological discipline required. Successful trading demands risk management, patience, and consistency. Risk Management Techniques Effective risk management is essential for long-term survival in forex trading. Common techniques include: Setting stop-loss orders to limit losses. Using proper position sizing. Avoiding over-leveraging. Diversifying trades across different pairs. Maintaining a trading journal. Professional traders typically risk only 1–2% of their capital on a single trade. The Role of Technology in Forex Technology has transformed forex trading. Automated trading systems, algorithms, and artificial intelligence now play major roles in executing trades. Retail traders can use expert advisors (EAs) on platforms like MetaTrader to automate strategies. Mobile trading apps also allow traders to monitor positions in real time, making forex accessible to anyone with an internet connection. Regulation and Security Forex brokers are regulated by financial authorities in various countries. Regulation aims to protect traders from fraud and ensure transparency. Traders should choose brokers regulated by reputable authorities and verify credentials before depositing funds. Because forex is decentralized, regulation varies across jurisdictions. It is crucial to understand the legal environment in your country before trading. Is Forex Trading Profitable? Forex trading can be profitable, but it is not easy. While some traders achieve consistent success, many beginners lose money due to lack of education, poor risk management, and unrealistic expectations. Success in forex trading requires: Continuous learning A tested trading plan Emotional discipline Strong risk control It is not a guaranteed way to make money, and it should not be approached as gambling. Instead, it should be treated as a professional skill that requires time and dedication to master. Conclusion Forex trading is a dynamic and highly liquid financial market where currencies are exchanged for profit. It operates 24 hours a day and involves participants ranging from central banks to individual retail traders. While it offers significant opportunities due to leverage and liquidity, it also carries substantial risks. Understanding core concepts such as currency pairs, pips, leverage, margin, and risk management is essential before entering the market. With proper education, strategy, and discipline, forex trading can become a structured and potentially rewarding financial endeavor. However, without preparation and caution, it can lead to significant losses.
NASDAQ:NVDAEducation
by GlobalWolfStreet
XAUUSD (H2) – Liam ViewXAUUSD (H2) – Liam View USD strength continues to limit gold | Sell-side structure still active Quick summary Gold remains under pressure on the H2 timeframe as a firm US Dollar keeps weighing on precious metals. The recent rebound looks corrective and lacks solid acceptance above supply. With markets positioning ahead of the delayed US Non-Farm Payrolls on Feb 11, volatility may increase, but structure still favours selling rallies. Macro context A stronger USD generally acts as resistance for gold and silver. If the current USD rebound sustains, downside pressure on gold can continue. Positioning ahead of US labour data increases the risk of liquidity-driven moves. Technical view (H2) After a sharp sell-off, price bounced from demand but stalled below previous distribution. Key zones Major sell zone: 5115 – 5130, extending toward 5535 Current reaction area: around 5000 Key demand / liquidity base: 4550 – 4580 Lower highs below resistance keep sell-side control intact unless price reclaims 5115 decisively. Trading scenarios Primary: Sell rallies into 5000 → 5115, targeting 4550 Continuation: Clean break below 4550 opens further downside Invalidation: Only strong H2 acceptance above 5115 shifts bias bullish Execution notes Expect stop runs near data releases. Wait for level reaction, not candle chasing. Bias: sell rallies until structure changes. — Liam
OANDA:XAUUSDShort
by LA_Trader_Fx
1
Chart Analysis — Rounded Bottom Reversal Toward Key ResistanceMarket Structure Price formed a rounded bottom (cup-like reversal) after a sharp selloff, signaling exhaustion from sellers and a gradual shift to buyers. The lowest point (circled) shows strong demand absorption, followed by higher lows → early trend reversal behavior. Key Levels Support zone: ~4,890–4,950 This area held firmly and acted as the base for the bounce. Buyers consistently defended it. Entry zone: Just above support The pullback into prior support + bullish reaction suggests a safe long entry on confirmation. Mid resistance: ~5,100 Price already reclaimed this zone, flipping it from resistance into short-term support. Major resistance / target: ~5,210–5,250 This is the next liquidity zone and logical profit target, aligned with previous supply. Momentum & Price Action The white projected path shows a bullish continuation scenario: Break and hold above 5,100 Brief consolidation / retest Push toward the upper resistance band No immediate signs of distribution yet; momentum favors continuation unless price loses the support zone. Bias Bullish while above ~4,950 Invalidation if price accepts back below support with strong bearish candles. Trade Idea Summary Bias: 📈 Bullish continuation Entry: Support retest / bullish confirmation Target: 5,210–5,250 Risk: Breakdown below support
CAPITALCOM:GOLDLong
by FXCLASSICAL
EUR/USD Decision PhaseEUR/USD Decision Phase Recent candles indicate a slowdown in upside follow-through, implying that short-term positioning may be crowded. This pause does not immediately invalidate the broader constructive tone but introduces the risk of a corrective rotation as liquidity is rebalanced. The projected move on the chart highlights a scenario where price may seek efficiency before determining the next directional leg. Overall conditions suggest the market is transitioning from expansion into evaluation. Continuation higher would require renewed participation, while failure to attract follow-through could lead to a deeper reset driven by profit-taking and short-term repricing. Patience is advised as the market reveals whether this phase resolves through continuation or corrective realignment. Price action reflects a market that has recently expanded after a prolonged phase of balanced participation. The sequence of higher intraday pushes shows growing initiative from buyers, supported by repeated structure continuation and shallow pullbacks, suggesting confidence rather than urgency. Momentum has remained constructive, with price spending more time advancing than correcting, a sign of controlled accumulation rather than emotional buying. Recent candles indicate a slowdown in upside follow-through, implying that short-term positioning may be crowded. This pause does not immediately invalidate the broader constructive tone but introduces the risk of a corrective rotation as liquidity is rebalanced. The projected move on the chart highlights a scenario where price may seek efficiency before determining the next directional leg. Overall conditions suggest the market is transitioning from expansion into evaluation. Continuation higher would require renewed participation, while failure to attract follow-through could lead to a deeper reset driven by profit-taking and short-term repricing. Patience is advised as the market reveals whether this phase resolves through continuation or corrective realignment.
Short
by XAU_EMPIRE
XAUUSD Lana is waiting for price to pull back into the FibonacciXAUUSD Lana is waiting for price to pull back into the Fibonacci discount zone, with 4285 as the key decision level Idea Summary Main trend: Bullish continuation, but a pullback into Fibonacci levels is possible before the next leg up Timeframe: M30 Strategy: No chasing price; Lana waits for price to reach clear buy zones Key level: 4285 is a strong resistance and a decisive level for next direction Market Context The Fed is placing strong expectations on rising labour productivity to ease the tension between growth, inflation, and the labour market. As a result, rate cut expectations for next year remain cautious. For gold, this environment often creates large price swings, making a zone-based trading plan essential. Key Levels Lana Is Watching 4285: Strong resistance, major reaction zone 4265: Short-term target 4245–4248: Fibonacci-based buy zone combined with price imbalance 4210–4213: Liquidity buy zone if a deeper correction occurs Trading Scenarios Primary scenario – Buy on pullback into discount zone Buy: 4245–4248 | SL: 4240 | TP: 4265 → 4285 → 4300 Secondary scenario – Buy at liquidity zone Buy: 4210–4213 | SL: 4205 | TP: 4230 → 4255 → 4285 Each scenario is only one of many possible market outcomes. Lana prioritises capital protection, uses clear stop losses, and is comfortable skipping trades if price does not reach the planned zones. Conclusion 4285 is the level to watch closely. Strong reactions are likely near this zone. A clean break and hold above 4285 could open the path toward 4300. This is Lana’s personal view.
OANDA:XAUUSDLong
by Lana_M2
2
XAUUSD – Waiting for Trend Confirmation Around the 4,160–4,170..XAUUSD – Waiting for Trend Confirmation Around the 4,160–4,170 Zone At the moment, gold has not shown a clearly defined medium-term trend. Price is moving around an important resistance zone, so instead of predicting direction early, I prefer waiting for price reaction at key levels before taking action. The main focus today is the 4,160–4,170 area – where the market will decide whether to continue the uptrend or start a deeper correction. 🎯 Scenario 1 – SELL at 4,162–4,165 (Priority if No Clear Breakout) Sell: 4.162 – 4.165 SL: 4.173 TP: 4.140 – 4.122 – 4.110 – 4.100 The 4.162–4.165 zone on H1 is a strong resistance area combining Fibonacci confluence, previous supply, and proximity to the short-term rising trendline. If price taps this zone and shows weakness (upper-wick rejection, reversal candle, low volume confirmation), I prefer taking a short-term sell toward 4.140, with deeper targets at the liquidity cluster around 4.110–4.100. Risk for this scenario is capped at 1–2% per trade. Do NOT hold the position if price closes above 4.173. ⭐ Scenario 2 – BUY on Break Above 4,170 (Trend Continuation Confirmation) Buy: 4.171 – 4.173 (only after a clean breakout) SL: 4.163 TP: 4.188 – 4.200 – 4.215 If price breaks decisively above 4.170 and sustains above it, that confirms buyers are still in control. In this case, I switch my bias to buying the breakout, targeting the next resistance zones around 4.200–4.215, and possibly higher if momentum remains strong. Note: Only buy if the breakout is genuine — strong candle body closing above 4.170, not a stop-hunt wick that pulls back immediately. 1. Fundamental Outlook The DXY continues slipping below 99.50, now near 99.45, showing sustained weakness as markets increase expectations for a December Fed rate cut. Easier monetary conditions generally support gold because the opportunity cost of holding gold is reduced. However, U.S. initial jobless claims have dropped to the lowest level since April, showing the labour market is still resilient. This creates a mixed environment: rate-cut expectations support gold, but strong economic data may cause sudden volatility around news releases. Overall, fundamentals lean slightly bullish for gold, but not strongly enough to ignore potential technical pullbacks. 2. Technical Structure On the H1 chart, after a strong rally, gold is now consolidating right below the 4.160–4.170 resistance. The 4.162–4.165 region is a confluence zone: • horizontal resistance • previous supply • area where strong selling pressure appeared earlier The 4.140 level is the “correction confirmation level” — if price breaks and closes below it, the market will likely aim for the major liquidity area around 4.110–4.100, where many Buy-side stop losses are clustered. The current structure allows for both long and short setups, but each scenario requires clear price confirmation at the 4.160–4.170 zone. 3. Market Sentiment & Action Plan Both buyers and sellers are watching the same price zone — 4.160–4.170. This makes it a high-liquidity area where stops for both sides may get swept before the market shows its real direction. If price rejects strongly from this zone, it could be a sign of late buyers being flushed out. If buyers hold price above 4.170, trapped short positions may fuel a short squeeze toward higher resistance zones. My plan: I do not enter mid-range. I wait for clear signals: • Sell at 4.162–4.165 if reversal confirmation appears. • Buy at 4.171–4.173 after a confirmed breakout and hold above the zone. • Always use a hard stop-loss. No widening stops if price goes against the trade. If price breaks both zones without giving clear signals, I stay out and wait for a new structure instead of forcing a prediction. I always read feedback to improve how I share these analyses in future posts.
OANDA:XAUUSDLong
by LA_Trader_Fx
USDJPY Becoming BearishFX:USDJPY Namaskaram Everyone Price is currently at very good structure and price to sell If stop loss is big for you, than dont trade. Mean do not take more than 1 percent, on my charts. If you really wants to grow your capital. I think price will easily go towards the febnachi .61 and further target will be seen after mc2 and mc3. Additionally this structure will take some time, so you need to hold the trade for 15 days easily. Still if you have a query, than leave a comment plz. For How To Read My Charts.....Click Below
by IIntelligentinvestor
2
XAUUSD Setup Short Trade Opportunity Below ResistanceCurrent Price: 3,327.56 USD Entry Point: 3,332.67 USD Stop Loss: 3,342.45 USD Take Profit Levels: Target 1 (Downside): 3,294.45 USD (-1.17%) Target 2 (Upside): 3,393.78 USD (+1.50%) 🔧 Technical Indicators & Tools Trade Line: Upward sloping trendline connecting higher lows, supporting recent bullish structure. Moving Averages: Red: Short-term (likely 50-period EMA) Blue: Long-term (likely 200-period EMA) Price is still trading below the long-term MA, suggesting broader bearish pressure. Resistance Zone: 3,334.96–3,341.30 — a key supply area marked in purple. Support Zone: 3,294.45 — identified as a previous demand level. ⚖️ Risk-Reward Analysis Short Setup: Entry: 3,332.67 Stop Loss: 3,342.45 (Risk ~10 USD) Target: 3,294.45 (Reward ~38 USD) R:R Ratio ≈ 1:3.8, which is favorable for a short trade. 📌 Summary Bias: Bearish intraday Setup Type: Short-sell at resistance zone Confirmation: Price rejection or bearish candle near 3,334–3,342 zone Invalidation: Break and close above 3,351.06 (upper resistance)
CAPITALCOM:GOLD
by EA_GOLD_MAN_COPY_TRADE
XAU/USD Double Bottom Breakout Bullish Momentum Incoming!🔄 XAU/USD Double Bottom Breakout 💥 | 🚀 Bullish Momentum Incoming! Analysis: 🟡 Double Bottom Pattern: Two clear lows have formed around the $3,340 support, signaling a potential reversal. 🟦 Accumulation Zone: The price consolidated in a range, indicating strong buying interest before the breakout. 🟣 Bullish Momentum: Recent aggressive bullish candles show strong buying pressure. 📈 Breakout & Retest Zone: If the price holds above $3,370, a bullish continuation toward $3,409 and possibly $3,445 is expected. 🧭 Target Area: Marked with a blue box, the upside potential is clearly projected. Conclusion: A successful retest of the breakout level may lead to a strong bullish run. Keep an eye on $3,370 as the pivot zone. 🎯
OANDA:XAUUSDLong
by ZareeFxTradingAac
GBP/JPY Trading Strategy - Buy to 194GBP/JPY Trading Strategy - Buy to 194 I. Technical Analysis 1. Overall Trend On the H4 timeframe, GBP/JPY shows signs of a bullish reversal: The price has broken through the previous resistance zone 190.4 - 191.0 and is holding above it. EMA 33 & EMA 50 are starting to slope upwards, indicating an uptrend. Volume is increasing as the price bounces off the support zone. On the D1 timeframe, GBP/JPY is recovering from a correction, aiming for the next resistance zone 194.0 - 194.2. 2. Key Support & Resistance Levels ✅ Strong Support (Potential Buy Zone): 190.2 - 190.4: Newly established support after the breakout. 189.2: Strong support; if broken, the uptrend may be invalidated. ✅ Target Resistance (Take Profit - TP): 194.0 - 194.2: Significant resistance on H4 & D1 charts. ✅ Trend Confirmation Indicators: RSI > 55, not overbought, still has room to rise. Volume increasing on price rise, confirming buyers' control. II. Trade Setup 1. Entry Point BUY entry when price retraces to 190.4 - 191.0. Split orders: 50% of the position at 190.4. Remaining 50% at 190.0 if the price continues to correct. 2. Stop Loss (SL) 189.2: If the price breaks this level, the uptrend is invalidated. 3. Take Profit (TP) TP1: 192.5 → Close 50% of the position and move SL to breakeven. TP2: 194.0 - 194.2 → Close the remaining position. 4. Risk/Reward Ratio (R:R) Average Entry: 190.7 SL: 189.2 (-1.5 pips) TP: 194.0 (+3.3 pips) R:R = 2.2:1 → Favorable risk-reward ratio for swing trading. III. Risk Management & Market Scenarios 🔸 If price moves in our favor: ✅ When the price reaches 192.5, move SL to breakeven to secure capital. 🔸 If price drops to 189.2: ❌ Exit all positions as the uptrend is invalidated. 🔸 Key signals to watch: ⚠️ If price surges past 191.8 without a pullback, consider waiting for a retracement before entering. IV. Conc...... BUY GBP/JPY at 190.4 - 190.0, TP 194.0, SL 189.2. Good R:R ratio (2.2:1), suitable for swing trading. Holding period: Within this week, monitor closely. Welcome Follow Me, Thanks!
Long
by HungDaoGlobalTrading
AUD/USD: A Third Wave "...Wonders to Behold..."Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii). The subsequent decline that is developing in three waves supports this analysis. Counter trend price action typically consists of three waves, so we expect another move up. Moreover, the three-wave decline travels to 0.6550 to retrace 61.8% of the previous impulsive advance. 61.8% is a common retracement for corrective waves especially when they occur as wave 2 of an impulse or wave B of a zigzag correction. Also nearby is 0.6558, the price level at which wave c equaled wave a, which is a common Fibonacci relationship between wave C and A of zigzag correction. Also adjacent is 0.6560, the end of the fourth wave of one lesser degree. As a guideline, corrections tend to end upon reaching the end of the previous fourth wave of one lesser degree. Besides, the correction is unfolding as a Zigzag A-B-C with a triangle characteristic in the b wave position as is common. Also, the correction neatly adheres to the parallel channel with wave c hugging the lower boundary of the channel. These cluster of evidence suggests that prices are approaching an important juncture and a reversal to the upside is on the horizon. If so, then a break above 0.6629 would virtually indicate the correction ended and the next significant move is to the upside. Trading Plan Entry : Buy at market. Protective Stop : 0.6477; in an impulse wave 2 can NEVER retrace 100% of wave 1. Target : 307 pips i.e ((0.6667-0.6477) X 1.618) In an impulse, the third wave commonly travels 1.618 times the length of the first. Risk-to-Reward : 1:3
Long
by Aquanet_Market_Forecast
2
USD / CAD TECHNICAL OUTLOOK1) USD /CAD moves downside to 1.3700 on weaken US Dollar. 2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ). 3) Major support level seen at 1.3655. Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart. Additionally, the Relative Strength Index (RSI) is located in the bearish territory below 50, which means the path of the least resistance of USD/CAD is to the downside.
Short
by tradewith_ritik
XAUUSD GOLD SUPPORT AND RESISTANCE LEVELS 25-07-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #technicals Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
AUDUSD:CASE OF ENDING DIAGONAL Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. TRADING STRATEGY: Buy AUDUSD with SL of 0.66800 (clbs) and look for the upside targets of 0.7000/ 0.71000/ 0.71800
Long
by TradingSutra
5
USDJPY: A DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
Short
by TradingSutra
1
USDJPY: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach)
Long
by TradingSutra
7
EURUSD Trading Plan - 19/May/2022Hello Traders, Hope you all are doing good!! I expect EURUSD to go down after this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper