USDCAD Trading Plan - 10/May/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go down from here.
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
Forextrading
USDINR on verge of a breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price)
4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking.
After a consolidation sale March 2020, OANDA:USDINR is ready for a breakout. On closing basis It has already given breakout. If it crosses 77.16 with high volumes then one can consider buying it with a stop at 75.80. It has already given a breakout with high volume on 30 minutes chart yesterday morning which is a sign of bullishness.
BTCUSD BULL/BEAR ? TECHNICAL ANALYSIS ON 1D CAHRT BTC did not abandon the idea of growth, but yesterday it missed a very good chance while the American stock market was raising. 🚀
Today is the last trading day of April on regulated platforms, which, together with the compression of volatility on the daily BTC chart, makes you think about a possible sharp price impulse or even a roller coaster 🎢
Since April 9, bears have gradually increased BTC shorts. It doesn't look critical yet, but they are slowly getting closer to the levels that were before the fall in December 2021. 📉
And then there's the fear and greed index again went to the horror zone (23 points) 😕
Now there is a boring sidewall on the market with a potentially not boring denouement...
3 checklist for double topFirst thing that improve ur trading to next level is to always with big picture of trend
1) trade chart pattern near support or resistance level
2) always trade with trend
3) draw neckline and wait for big beautiful candle for breakout
You can also trade against the trend also
EURUSD trades higher after last week fallThe EURUSD moved lower yesterday and in the process retested a swing area going back to 2020.
That swing area is above the extremes from that time. However, it is worthy of consideration ahead of the swing lows in 2020.
The area comes between 1.07642 and 1.0777 (see red numbered circles in the chart above). The low from last week did move briefly below that level but rebounded back to the upside. Yesterday the price of the EURUSD stalled within the swing area. Today, the swing low for the day dipped below an intraday low of 1.07605. However, momentum could not reach the low price from last week at 1.07568, and selling dried up. The price has since moved higher.
Drilling at the hourly chart below, the dips below the swing area on the daily chart, have been quick with limited momentum. Today's bounce has now seen the price of the EURUSD move back toward the falling 100-hour MA, along with swing highs from Friday and Monday at 1.08207.
What next?
Although there is a dip for buyers near the aforementioned support levels in the EURUSD (down to 1.0764), the price rebound still needs to extend above the 1.08207 level to give the buyers more confidence (100-hour moving average and swing highs).
A move above the 100-hour moving average would be Step 1 in a corrective probing move to the upside. Step 2 would be to extend above the falling 200-hour moving average of 1.08455 (green line in the chart above).
Absent those technical breaks, the sellers have the strongest hand. The bias would remain tilted more to the downside.
you want more signals???
Search on google "forexinworld signals"
Tgt achieved in GOLDAs posted on 8th April (Gold was waving in a channel pattern which was connected to a bullish pole. The channel has been broken recently and the retest on 15 min tf confirmed a long entry. Gold can shoot upto 1949 in upcoming days.) Here are the results Gold rallied upto 1950 hit all targets and s now consolidating keep an eye a big move is on its way.
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Market Analysis
Live Challenging Stock Market Analysis Buy ITC @ 205.35
Target1 @ 230.60
Buy 2 @ 177.40
Target 1&2 @ 192
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Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
NZDJPY 1D TIME FRAMEThe chart shows a channel pattern since 2020 and now the pattern shows a multiple rejection at the top resistance zone . And now small correction in the price . And now the inside of the pattern shows a falling of price and it touches a near the Minor resistance zone .
wait for the breakout If it breaks the minor resistance it will go up to the major Resistance .
THIS IS OUR PRICE ACTION VIEW OF THIS SCRIPT .
THIS EDUCATIONAL PURPOSES ONLY MAKE A TRADE ON OWN ANALYSIS .