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EUR/USD Trading Plan for 21-22 Jan 2022In this chart of EUR/USD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If EUR/USD's price crosses the top-most price level, we will be looking for long opportunities and if EUR/USD's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 03:25 AM IST which is around when the day is about to end in the forex markets. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset. P.S. today we're biased towards the upside but we believe in trading the price and not expecations.
by abhineetramjiwal
EUR/USD Trading Plan for 20-21 Jan 2022In this chart of EUR/USD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If EUR/USD's price crosses the top-most price level, we will be looking for long opportunities and if EUR/USD's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 03:25 AM IST which is around when the day is about to end in the forex markets. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset. Today we have already witnessed one trade - the stop loss of which was triggered a few minutes back. P.S. today we're biased towards the upside but we believe in trading the price and not expecations.
Long
by abhineetramjiwal
GOLD NEXT MOVE - ( I am from Ivision Forex Education Academy)Hi, Now gold is ready to take a correction as gold is in overbought condition and also there is fierce resistance located at 1788-1792 and after that 1788-1802. chart study suggest gold is not in clear direction so far, however many indicators suggests gold down side move. weekly common doji's leg is still intact. However, today we can expect a correction as well as to test its support located at 1772 & 1758. Trading tips, Sell Gold @ 1786 TP1 1781 TP2 1777 TP3 1772 TP4 1762 Sl @ 1802 Feel free to contact me. I am from (Ivision forex education academy Platform)
FX:XAUUSDShort
by AnupZiddi
3
GOLD NEXT MOVE- ( Live forex education Academy)Chart Analysis- 15 Minute time frame- Hammer pattern from 1762 1 Hour time frame- Bullish engulfing pattern 4 Hour time frame- Hammer pattern weekly time frame- Bullish pattern which is well above previous week's common doji upper wick. and also gold is ready to close above previous week common doji Leg. which suggests the bullish pattern is already set to break 1838,1862 level. till now trend line of 15 minutes is in continuation and the same has not been broken. However we can expect the trend may be broken today as @108-1812, there is a fierce resistance for gold to be break. Commodity channel index showing overbought condition Also the signal line crossed MACD line, which is showing some selling opportunities if gold breaks 15 chart trendline. Trading tips: 1. wait for acceptance of 1818 for taking buy or 2. take a short sell. (which is very much risky) Sell Gold @ 1809-1810 TP @ 1805 TP@ 1800 TP@ 1792 SL- 1728 ***Always close half lot and move SL to entry point after TP1 or move SL to entry point after 30 PIPS in favour. Any query join our Live forex education academy.
FX:XAUUSD
by AnupZiddi
smc trade idea for eurusd forex pairsmc trade idea for eurusd forex pair. starting with Blue grey candles we look for H1 Market structure, and the Supply/Demands created as price breaks newly formed swings. when price comes back to the POIs, look for Clean LTF confirmation: Moving from M5 to M3 to M1, look for Recent Low/High Breaks, snd flips, ChoCh ( everything in an impulsive manner, showing momentum and intent, cuz if corrective trend shifts occur they mean that price went to mitigate some POI and would continue in the same direction without any reversal, so wait for MOMENTUM+INDUCEMENT)
by pdsupa
GBPJPY weekly outlook. EXPECTATIONS FOR NEXT WEEKGBPJPY and all other major forex pairs seem to be on a bearish trend. GBPJPY has closed at a major 4hr key level which may mean that the probability of going bullish may be a good decision if we get a good bullish engulfing candle. Currently, on the 30 mins timeframe, the price has closed below support and hasn't given a proper retest nor a fib entry. This may be to force traders to take an impulse sell. However we will be waiting for the price to break the 4hr key level if we want to continue bearish or break above the 152.5 resistance level to continue bullish. If we break above the resistance, we should be good to go towards the 153.5 level or even 154.5.
by mulchandanimahir82
Don't miss the great buy opportunity in AUDNZDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.0851). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.0905 TP2= @ 1.0933 TP3= @ 1.0957 TP4= @ 1.0993 TP5= @ 1.1041 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6920). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 0.6938 TP2= @ 0.6949 TP3= @ 0.6964 TP4= @ 0.6988 TP5= @ 0.7007 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡 Two Sell opportunity in NZDUSD , Mid-Term & Short-TermMid-Term Forecast: Second Chance Trade Setup summary: Profit targets= 3923 pip = { TP1=104 + TP2=219 + TP3=344 + TP4=579 + TP5=639 + TP6=789 + TP7=1249 } Stop Loss = 497 pip Reward/Risk > 7.9 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP1 = @0.6615 TP2 = @0.6500 TP3 = @0.6375 TP4 = @0.6240 TP5 = @0.6080 TP6 = @0.5930 TP7 = @0.5470 TP8 = Free SL= Break above 0.6790 -------------------------------------------------------------------------------------------------- Current Status of First Sell: Total Profit: 570 Closed trade(s): 52 Profit Open trade(s): 518 Profit Trade Setup: We opened 8 Sell trade(s) @ 0.6667 based on 'previous Forecast' at 09.21.2020: Closed Profit: TP1 @ 0.6615 touched at 2020.07.28 with 52 Profit. Open Profit: Open trade is 0.6593(current price) - 0.6667(open price) = 74 7 trade(s) still open, therefore total profit for open trade(s) is 74 x 7 = 518 Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.6614). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Take Profits: TP1= @ 0.6575 TP2= @ 0.6500 TP3= @ 0.6446 TP4= @ 0.6375 TP5= @ 0.6333 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
2
Don't miss the great buy opportunity in USDJPYTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (105.79). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDJPY is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 106.23 TP2= @ 106.55 TP3= @ 107.70 TP4= @ 108.15 TP5= @ 108.18 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
Don't miss this buy opportunity in EURCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.0751). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 1.0796 TP2= @ 1.0832 TP3= @ 1.0877 TP4= @ 1.0917 TP5= @ 1.0971 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
15
USDINR analysisUSDINR is looking bullish due to 2 reasons. First, a lot of tails are visible and tails are a sign of demand and we can expect the price to move higher with momentum. Second, a previous up move. During March, there was a strong rally towards 77 level and from there price is consolidating in a falling parallel channel. This structure is similar to a bull flag and hence we can expect that the breakout from the channel will result in a bullish move. Price is bound to consolidate and correct after a rally and this is a very common phenomenon. A correction is a great way to enter a bullish stock/indice/forex pair or any other instrument as you get a better price. This analysis is just my observation and not a recommendation. Trade with proper risk management! I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
U
by inteliigentrader
EUR/NZD on 1 Hr, wait for confirmationAbout me:- Your scammer demo forex guru is back!! I lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading. Disclaimer:- Don't Listen to me, I'm not a financial advisor
Short
by Jass_Mankoo
USDINR down trend starts or Election Impact? Usdinr has started it's move? With closing at the top on Wednesday and then making lows on Friday. Furthermore, giving signals in forex with an opening at 69.39 levels shows a higher volatility in the market. On technical front, USDINR has its Resistance at 70.30, and 70.60 level s. Any crossing above that would lead to depreciation in rupee to the levels of 71 and above that. Besides, on appreciation side, usdinr supports at 69.80, 69.45, 69.00, 68.48, 67.80 and 67.19 levels.. Breaking of these supports will lead to further appreciation in rupee. Can it be Indian election exit polls impact or us-china trade war impact or the starting period of eurozone election period impact. Be cautious with the trade.. News and views will be having its higher impact.
Short
by UnknownUnicorn3503085