Sell Gold (Xau/Usd) BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2430, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2385.50
2nd Support – 2358
Stop-Loss: To manage risk, place a stop-loss order above 2480. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Beyondtechnicalanalysis
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.5907
2nd Support – 0.5880
Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell EUR/USD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0852
Target Levels:
1st Support – 1.0816
2nd Support – 1.0801
Stop-Loss: To manage risk, place a stop-loss order above 1.0875. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Buy GBP/JPY Symmetric TriangleThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 198.05
Target Levels:
1st Resistance – 200.71
2nd Resistance – 202.43
Stop-Loss: To manage risk, place a stop-loss order below 196.20. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8853
Target Levels:
1st Resistance – 0.8895
2nd Resistance – 0.8923
Stop-Loss: To manage risk, place a stop-loss order below 0.8790. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
EURCHF BUYSHello guys let me go over why buys were valid on EURCHF and what is my task for a price to complete. As you can see price is clearly in a downtrend. Knowing that strong move needs a recovery and then to continue to the direction of the trend, buy to sell setup made sense to me. As you can see price came all the way down, broke an important structure and created it's own independent trading range. It mitigated the blue line, while making structure shift on smaller time frames. With stop loss being put below the low, minimum RR for this trade was 1:2.5 which is not that bad at all! Let's see what price will do next.
GBPCAD price to drop soon?As you can see I am looking for sells on GC. Knowing the price is trading high in the market and with the first signs of structure shift even on 4H, it would be nice for a price to drop. I marked some targets, let's see what will happen and if we can see sellers getting into the market. One of my favourite setups for this week.
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 169.38
2nd Support – 171.10
Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EUR/USD Daily Chart - Triangle BreakoutThe EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900.
Target Levels:
1st Resistance – 1.1083
2nd Resistance – 1.1210
Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly.
Thank you
5 tips for building a professional trading mindsetHey traders
Building a professional trading mindset is crucial for success in the forex market. Here are five tips to help develop and maintain a professional approach:
1 . Develop Discipline and Patience:
Stick to a Trading Plan: Develop a detailed trading plan that outlines your strategies, risk management rules, and goals. Adhere to this plan consistently to avoid impulsive decisions.
Be Patient: Understand that success in trading doesn't happen overnight. Be patient and wait for the right trading opportunities that align with your plan.
2 . Embrace Continuous Learning:
Stay Informed: Keep up-to-date with market news, economic indicators, and geopolitical events that can impact the forex market.
Learn from Mistakes: Analyse your trades, both successful and unsuccessful, to identify what worked and what didn’t. Use this knowledge to improve your strategies.
3 .Manage Emotions:
Stay Calm Under Pressure: Trading can be stressful, especially during volatile market conditions. Practice techniques to manage stress and maintain a clear, focused mind.
Avoid Overtrading: Don’t let emotions drive you to overtrade. Stick to your trading plan and avoid chasing losses or getting overly greedy after wins.
4 . Implement Strong Risk Management:
Use Stop-Loss Orders: Protect your capital by setting stop-loss orders to limit potential losses on each trade.
Diversify Trades: Avoid putting all your capital into a single trade.
Diversify your trades to spread risk across different currency pairs or financial instruments.
5 . Set Realistic Goals and Expectations:
Define Clear Objectives: Set specific, measurable, achievable, relevant, and time-bound (SMART) goals for your trading activities.
Understand the Learning Curve: Recognise that becoming a successful trader takes time and effort. Set realistic expectations regarding your progress and returns.
By incorporating these tips into your trading routine, you can build a professional mindset that enhances your decision-making, improves your performance, and increases your chances of long-term success in forex trading.
Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2425
2nd Support – 2403
Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell AUDCAD Pennant BreakoutThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9200, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9172
2nd Support – 0.9152
Stop-Loss: To manage risk, place a stop-loss order above 0.9230. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Sell CAD/JPY Breakout PatternThe CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be Around 115.70
Target Levels:
1st Support – 114.65
2nd Support – 114.12
Stop-Loss: To manage risk, place a stop-loss order above 116.10. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀
💲 As we said earlier #ZEN performed the same. More than 50% move already done in #ZEN Now we can see a little retest from its resistance 2 zone and after that a bullish move would be seen
💸Current Price -- $11.88
📈Target Price -- $15.67
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ZEN #Cryptocurrency #Breakout #DYOR
Sell EURUSD Wedge BreaoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0895, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0847
2nd Support – 1.0809
Stop-Loss: To manage risk, place a stop-loss order above 1.0925. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
USDJPYUSDJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
CADCHFCADCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
USD/CAD Triangle BreakoutThe USD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3630
Target Levels:
1st Support – 1.3592
2nd Support – 1.3572
Stop-Loss: To manage risk, place a stop-loss order above 1.3650. This helps limit potential losses if the price falls back unexpectedly.
Thank you
UK100UK100 is trading in range bound with 150 pips range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 100 pips range which can deliver fine risk to reward.
currently the price is at support level and being rejected due to buying pressure.
will the pair head back to resistance area ?
what you guys think of this idea ?