Get started

Forexmarket

EURGBP Aug 2022 W.2: Short-term trend!Hi friends, I hope y'all are having an amazing weekend ;) Today, we're looking at a possible short-term trade signal. This trade is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the H&S accumulation phase that aims to retest the 50 and bearish crossed short-term m.a's so that it will fully confirm the long-term bias of both the weekly and monthly. However, this counter-trend signal might be rejected, by having the price dramatically drop in direction of the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and dis-confirming it. Bulls: -If the price bearish bounces off the Daily Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern, that will trigger out trade or confirm our bias. I call this type of trade signal a "Double Bottom B-E.1". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Daily Half a Bat Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade or bias. The price would be preparing for the long-term trend I mentioned earlier on. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Spha Thwala.
Long
by Doji-2k1
USD/CHF trade - Forex.DocToday we caught this solid +62 pips trade in VIP group. I was waiting for the price to give me some signs that new lower low is about to form. We can see that after strong bullish candle, price immediately formed bearish candle followed with a strong bearish wick rejection. I was also able to connect these lows with a bearish trendline. I decided to sell and not be greedy with my take profit. I didn't want to go down to 0.95050 (previous major low) because its Friday and it was a good decision.
by SanShone
EURUSD July W.4: Short-term trend alertHi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a possible bullish short-term trend on this baby. This trend is derived from the weekly time frame that recently closed with a bullish reversal candle pattern in the mini bearish half a bats L3. Usually when the price reaches a level it counter-trends to either retest previously broken and not retested key levels or to form a reversal pattern. In this situation the price wants to do both. However, that might not happen because as you know trading is a probability game. With that said, let us discuss how the bulls and bears might behave in triggering our trades and not. Bulls: -If the price bounces off the 3rd Monthly Key Lvl and bullish crossed short-term m.a's with a bullish candle pattern formation that guides the price to bullish break and retest the (Possible) 4H H&S Neckline, that will trigger and confirm our trade signal. I call this type of trade a "H&S A-E.3 signal". Bears: -If the price bearish closes below the 3rd Monthly Key lvl, 50 and bullish crossed short-term m.a's, that will dis-confirm our bias. This is not financial advice, but if you interested in taking this trade with me, this is its signal: BUY STOP @: 1.02437 Lot Size: 0.18 S.L @: 1.02051 (-0.49%) T.P 2@: 1.03489 (+1.44%) R/R/R: 1:2 To successfully manage this trade in cutting your loss short, follow this strategy: -If the price bearish breaks and closes below the (Possible) 4H H&S Neckline, then you should close your trade. To successfully manage this trade in letting your profit run, follow this strategy: -If the price bullish breaks and retests the 2nd Daily Key Lvl, then you should move your stop loss to B.E. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thought! Stay Blessed, Doji-2k1
Long
by Doji-2k1
EUR/USDwhy i think eur/usd can see higher prices - engulfing the h4 bearish breaker / order block simultaneously. 1. ECB recently increased interest rates from 0 to 0.50%, interest rate increases make it more attractive to foreign investors to hold the currency with higher interest rates as they can earn more on their investment in that currency, aswell as with the current relief risk on is seeing i would be anticipating some of that capital will be heading to the eur to take advantage of the new interest rates. - if you like smart money concepts then this long would also fill in an imbalance & in basic liquidity analysis it would also take out the sellside stop losses along with taking sell stops before price heads down, overall i do think eur/usd will head lower, but i would like to see this move play out first, Entry im looking for is $1.01100 with my stop loss at $1.00810
Long
by calelle680
1
What is Forex and How Big It Is?💱 Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates. Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily. Forex market is a vital element for a global economy because it provides capital exchanges between the countries. The main market participants of forex market are central banks, commercial banks, commercial companies, hedge funds and investors. 🕰In order to grasp how big is that market, take a look what is happening on that just in 60 seconds: 📎Total transactions value reaches 3.52 billion US dollars. 📎 1.15 billion dollars of spot transactions. 📎 1.65 billion dollar of exchange swaps. 📎 Total transactions value involving USD reaches 3 billion US dollars. 📎 Total transactions value involving EURO reaches 1.1 billion US dollars. 📎 Just one single EUR/USD pair accumulates 812 million US dollars transactions value. It is hard to imagine how such big amounts are rolling with such a frequency and how insignificant are the orders of individual traders. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
6
EURGBP June W.5: Long-term trend signalHi friend, I hope y'all having a profitable week ;) Today, we have a long-term trade on this baby. I've been waiting for this trade for 3-4 weeks; I shared an idea on it that failed this month (check the previous posts). Despite that, we got another opportunity, so let us look at how the trade triggered and how we will get out exit signal. Bulls: -When the price bullish broke and retested the Weekly Neckline together with the 50 and short-term m.a's, it triggered our first trade that we didn't catch. After it did that, it proceeded to bullish break and retest 3rd Weekly Key Lvl on the lower time together with the 200 m.a that's visible on my MT4 chart. So we got 2 trades here, but we hopped on 1 trade, and I call the trade we're in, a "Double Bottom A-E.2 BUY signal". Bears: -If the price closes with a bearish reversal candle pattern below the 4th Weekly Key Lvl and 200 m.a, that's followed by a bearish break and close below the 8 m.a, then we'll close my trade. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know you thoughts! Stay Blessed, Doji-2k1.
Long
by Doji-2k1
June Week 5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend ;) Today, we have possible buy trade signal on this babe. This trade is derived from the monthly time frame that expects a bullish retest on the huge double tops neckline, symmetrical triangle ascending trend line, and 8 m.a. That retest will be triggered by the double tops accumulation phase, that will form a mini double bottom on the monthly that will be visible as a huge pattern on the weekly. The double bottoms 2nd leg formation will be driven by this time frames bullish half a bat pattern. Although we expect a bullish counter-trend, there's a high probability for a bearish long-term trend that will occur soon or later. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and not. Bulls: -If the price bullish rallies to break and retest the Daily Half a Bat Neckline and Mini Weekly Half a Bat Neckline, together with the 50 and bullish crossed short-term m.a's, that will trigger what I call a "Half a Bat A-E.2 BUY signal". That signal will lead to a bullish 3 level trend and 200 m.a that will probably end on the last take profit point. Bears: -If the price bullish bounces off the Daily Half a Bat Neckline/Mini Weekly Half a Bat Neckline and 50 m.a with a bearish reversal candle or reversal pattern that leads the price to bearish break and retest the 8 m.a (dark blue), that will dis-confirm our trade. That's it for today. I hope you found value in this idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1
Long
by Doji-2k1
GBPCAD: Important Decision Ahead! Your Plan: 🇬🇧🇨🇦 GBPCAD is trading in long-term bearish trend. The market is steadily going down within a falling parallel channel. The pair is approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout), then a bullish continuation will be expected to 1.6118 structure. If the price breaks a 1.5855 - 1.59 local daily support and closes below that then a bearish continuation will be expected at least to 1.572 level. Wait for a breakout and only then buy/sell the pair. What are your expectations? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
NZD/USD Potential opportunity to shorten the marketHello traders. This is a NZD/USD hourly chart. I don’t want to focus on the fundamental factors here, but you should keep in mind that the fundamentals change trends in the Forex market. In any case, we follow technical bias, so here we have a butterfly pattern that suggests a possible short-term opportunity to sell. As you can see, the butterfly extension of 1.618 stands at about 0.6560, and I suggest we can try to establish a short position here. The pair may not reach exactly this level (we know, perfection is rare in the Forex market), but look for double tops, wash and rinse patterns or any other bearish patterns around this level, and then shorten the market if you think is right. Also, don't marry for a position and use an achievable target, because if you look at the bigger picture, you can see that we can get an inverted head and shoulders pattern, which suggests a bullish mood for a while.
Short
by merjemascerija
4