EURUSD Short-term bearishness continuesEURUSD expect to surge downwards further. It will bounce of the 0.236 fib level (1.0933) and head downwards to fib 161 ext level.
EP: 1.0930
TP: 1.0870 (60 pips bagged💰💰)
Degram
Audusd short term bearish on the 20thExpect market to bounce of 0.236 fib level (0.6889) which is also a strong resistance level on the monthly chart.
3️⃣Confluence spotted.
1. 0.236 fib rt level✅️
2. Strong resistance level on monthly chart (high liquidity price area)✅️
3.Heads and shoulders chart pattern formation on the 15mins chart. With 0.6889 price as the shoulder line✅️
EP : 0.6885
TP: 0.6835 (50 pips 💰💰)
Disclaimer!!!
Not a financial advice
EURUSD short term bearish on 20th of JuneExpect a short term bearish market on Monday the 20th, price is expected to bounce off the 0.236 fib level Daily chart(1.0957) and head downwards .
Entry
1.0955
Tp
1.0905 (50 pips 💰💰)
Disclaimer!!
Not a financial advice
Five Points to consider before placing a trade🖐Five points to consider before choosing an Entry /Exit point📈📉
☝️ Point1: Before choosing an entry point. We need to put into consideration the general market sentiment. Get informed about economic events, news, and indicators that can influence the market🤔.
✌️ Point 2: Pickup your trading journal run a proper technical analysis. Determine the market trend by examining charts, patterns, and indicators. Identify potential entry and exit points based on your trading strategy🤔📈📒.
🤟 Point 3: Place the trade. Follow your strategy and risk management rules. Set clear parameters for position size, stop-loss, and take-profit levels. Always Stick to your plan to maintain discipline‼️🏋.
🖖 Point 4: Manage the trade. Once you're in the trade, let your stop-loss follow the price, protecting your capital and securing profits. Consider adjusting your stop-loss or taking partial profits if the trade moves in your favor🫣🚫.
🖐 Point 5: Post-trade analysis. After the trade is closed, take the time to review, analyze, learn, and improve. Reflect on your decisions, outcomes, and emotions. Identify strengths and areas for improvement to enhance your future trading performance, make proper use of your trading journals🙂📔💰.
Remember, successful trading requires patience, discipline, and continuous learning. Adhering to these five points,will cause an exponential growth in your trading game. Happy trading! 👨🎓📚💰
Eurusd bullish continuation!! Avoid sell trades on 16th of June Price to retrace to 1.0921 (fib 78.6 level) and bounce off to continue its move upward to 1.1010 (121.6 fib ext level ) 90pips about to be bagged get ready!!!
EURCHF set to bounce off 0.236 fib level..trend remains bearish!Expect price to bounce of 0.9785(0.236 fib level D chart). Spotted confluence ;
1. strong zone from weekly and monthly charts
2. Fib 0.236 retracement level hit
3. DT lesser time frames
GBPUSD Still Bearish! Its CPI DayToday major news are expected to flood the fx market. GBPUSD Still Bearish analysing from the monthly chart,
Today expect a double top from 1.2593 (0.236 fib Rt level). Price is expected to bounce of this level today.
Sell Entry: 1.2593
1st TP: 1.2543 (50 pips bagged)
2nd TP: 1.2493 (100 PIPS bagged)
Disclaimer!
not a financial advice!
USDCHF short term bearish for the 7th of June 2023Price is expected to bounce of the 0.9082 level as a strong bearish momentum is highly expected as the dollar weakens.
Sell Entry : 0.9080
Tp: 0.9026
DISCLAIMER!!!
Not a financial advice
EURCAD lookout for a bullish reversal!!EURCAD weekly chart shows that price tested the 1.4580 support level and was unable to break it thereby closing above the 1.4580 level. Likewise an undecision candle was printed after the past week. So expect a bullish reversal from:
1.45525 (fib 0.236. Retr level) up to 1.4728 (fib 1.618 ext level)
Buy @ 1.4555
1st Tp - 1.4626 (70 pips)
2nd Tp - 1.4725 (170 pips)
Disclaimer!!!
Not a financial advice
Aussie breaks Aug 2022 support level !! AUDUSD still bearish.Tomorrow the 25th of May 2023, AUDUSD still remains bearish. Look out for a retracement to the fib 61.8 (0.6562) level during Asian Market hours afterwards expect a further downward movement towards 0.6492/0.6450
Entry: 0.6560
Ist TP: 0.6492 (>>70pips)
2nd TP: 0.6450(110 pips)
Disclaimer!
Not a financial advise
AUDCAD LONGAUDCAD long.
I think price will follow the path described on the chart.
This is for educational purposes only and should not be considered financial advice.
AUDUSD LONG (BUY)AUDUSD is at a support level and will rise to the 0.6689 level.
Use proper money management and stop loss.
Disclaimer
This content is only intended for educational purposes and should not be considered financial advice in any form or interpretations.
EURCAD SHORTEURCAD will fall to the 1.4380 zone from the current price level. Price is also below a major round number and the trend is down.
GALAUSDTP LONG0.053 is the major support
target is 0.062
when a mechanical engineer become a trader ..
I backtested DeGRAM's Gold Ideas 77 TimesIntroduction
Break of structure is a popular trading strategy.
It is trade along the current direction of structure but cut loss or even reverse when break of structure.
@salehifx_trader and @arashhabibpooor et. al. said they feel disappointed when they receive the trend reverse signal with huge loss.
It is possible the price may pull back or temporarily leave the bound of structure.
Therefore, blindly following the structure may be not profitable in some time.
In this case, I backtest @DeGRAM 's Gold ideas from Apr13 to Jul28, 2021.
Jul29 is the day of closing all positions.
Note this day is the day Fed updated currency policy.
Test Method 1
If DeGRAM said long, close all short positions and open a new long position.
If DeGRAM said short, close all long positions and open a new short position.
Jul29 is the day of closing all positions.
There are 15 data, representing trading in 15 different time stamps of a day. The earliest one is 03:00 and the latest one is 17:00. The time zone is utc+3.
Test Method 2
If DeGRAM said long, close all short positions.
If DeGRAM said long and there are no long positions, open a long position.
If DeGRAM said short, close all long positions.
If DeGRAM said short and there are no short positions, open a short position.
Jul29 is the day of closing all positions.
There are 15 data, representing trading in 15 different time stamps of a day. The earliest one is 03:00 and the latest one is 17:00. The time zone is utc+3.
Result
I compute the numbers with opening price and did not include bid-ask spread, commission and overnight fee.
Method 1 :
03:00 -> -2907.47
04:00 -> -2850.79
05:00 -> -2974.58
06:00 -> -3025.25
07:00 -> -2964.79
08:00 -> -2992.37
09:00 -> -3106.63
10:00 -> -3103.31
11:00 -> -3145.71
12:00 -> -3300.93
13:00 -> -3301.49
14:00 -> -3212.76
15:00 -> -3377.93
16:00 -> -3832.02
17:00 -> -3760.32
average -> -3190.43
Method 2 :
03:00 -> -160.82
04:00 -> -152.48
05:00 -> -162.21
06:00 -> -171.85
07:00 -> -164.90
08:00 -> -163.99
09:00 -> -173.51
10:00 -> -150.52
11:00 -> -174.82
12:00 -> -174.53
13:00 -> -185.05
14:00 -> -180.83
15:00 -> -195.08
16:00 -> -269.06
17:00 -> -289.69
average -> -184.63
Conclusion and Suggestions
* Trading break of structure solely may be too late.
* Repeatly buy and sell in range can lead to more profit.
* We can improve gold trading by predicting the action of Fed.
* Gold is long term bullish unless governments want zero or negative inflation, so we can consider other instruments better than short gold.
buy stop gold at 1875.00im pretty confident on this one, or i have another entry level a bit lower if this one doesnt work.
Euro/jpy wait for rejection will be big sell hence we are observing very good uptrend from last six month now this situation is ripe fr very good trade so I suggest to you all I gave a position in analysis you can see and sell @ that position @ 134.400 tp1 132.460 tp2 130.875 thanks u very much
gbpusd long trade ideaConsider this a great trade opportunity , if price pulls-back to the 200 e.m.a or the lower boundary , Place a long entry using proper risk management ,Place your stop loss below the 200 e.m.a and your take profit close to the upper boundary or the major resistance. Wait for further confirmation such as wick rejection to appear at the lower boundary and Place your trade. Check your 1 hour time-frame to identify the Channel and the resistances. Goodluck
EURNZD TO MAKE BIG SELL MOVEFirst of all i urge you to support our work by liking this idea and smashing the follow button. Now EUR/NZD has been ranging for quite some time after making a long downward movement which has made me skeptical about what the next move will be. But now we see indication of another downward movement right here in the chart, and it will be a good time to sell.
16 ideas in a row come trueHi friends.
EURUSD Could not break through the strong resistance level of 1.099 and then began to fall.
+ There was a false breakof this level (indicates that the price will drop significantly).
Now EURUSD is near the support line and if the price breaks this line, then EURUSD will definitely reach the bottom line of the falling channel.
I recommend everyone to buy EURUSD from the lower line of the falling channel, as I recommended before.
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If this forecast comes true, then I will have 17 forecasts in a row that come true.
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