Forextrading
AUD/JPY Near Important Level.price has reached near previous 25 days high, at an important level of 90.15 , if this level is broken than the price can go upto a target of 90.900 and then 91.33. price is above 200 moving average right now if it shows weakness and closes below 200 MA than a short trade can be taken below 89.5 and target of 88.65 can be achieved .
note- trade must be taken only after an 1 hr candle close below/above the level.
XAU/USD ANALYSIS 1Hsymmertical triangle pattern is formed by gold on 1hr time frame tarde can be activated if it brakes the range.
go long if it breaks above 1984.5 and target can be made of 1999. short can be played below 1957.77 for the target of 1936
MY ANALYSIS ON GBPUSDHere is my analysis on GBPUSD, what do you think? Will it go as have predicted or not?
Dollar Index - Trend is Reversed ?Hello Friends,
Here, I have plotted Dollar Index in daily time frame with RSI . Apart from I have drawn sliding parallel channel. Since couple of days, Dollar Index is taking support at 101.33 level. Here, I have observed sign of trend reversal.
Anyone can take long position in all forex major currency pairs with own risk management methods.
AUDCHF SHORTIn the 30 minute chart, we have drawn a sliding parallel channel. It is apparent that the Swiss Franc is strengthening against the Australian Dollar. This fluctuation also correlates to the news of the UBS-Credit Suisse merger.
Anyone can open a short position and profit as long as price movements are contained within a sliding parallel channel.
USDINRIn the past times, USDINR is trying to hold its level and now we can see more rise above the levels
Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.
+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.
+ This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support).
How to enter a trade is as follows.
When the price breaks out of the resistance, open a UP order. You can open the order as follows:
+ Entry Point: When the candlestick finishes breaking out of the resistance.
+ Stop-Loss: At the level where the price last hit the support before breaking out.
+ Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle.
#triangle
EURO INR LONGOn observing hourly candle and fifteen minute candles, EURO seems more stronger until it breaks level of 87.1138. Immediate target is around 87.4127.
This only for education purpose only.
AUDNZD is Forming a trend reversal patternHi All,
Looking at chart for the pair, I previously expected the pair to form an inverted H&S, but instead of that, the pair is trying to form a DB to move ahead.
The plan is to look for a short sell in this pair.
Entry , Sl and TP marked.
Thank you
#Gold Breakout ? #Analysis of momentum and #Trend #PriceActionsHii
This is my analysis on gold
first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider .
and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout .
and i use Hikanashi to show u momentum . in candlestick it is not seen easly .
.sry i am late but i post same thing in mind chat
Thank u
XAUUSDDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
US30 - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURAUD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
GOLD H1hi guys
i hope all of us doing good quick update on gold h1 chart
bullish targets
1921 holding above next targets open on 1929,1934,1940,1945
bearish targets
1929 holding below next targets open on 1921,1915,1910
1934 holding below next targets open on 1929,1921,1915
1940 holding below next targets open on 1934,1929,1921
NZDJPY - 1HDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
GBPUSD (GU) TRADE RECAP +3R (1500$ PROFIT)Good evening fellow traders, for today's post i'd like to share a recap of a trade I took on GU today.
DIRECTION - SELL
ENTRY CRITERIA - Buy side liquidity box formed after bearish BOS and double rejection from said area. Entry on low risk/high reward area of 0.5 fib level of POI
EXIT CRITERIA - Full target towards sell side internal POI, trade target fixed at 3R before POI
TIME FRAME - M15 strictly
RESULT - +3R
This is currently a system I made and am currently refining, forward testing and sharing the results along the way. Feel free to reach out for more information!
