Usd Franc Upate Possibly eyeing 0.9931 source of the origin for the next leg down

Check The Usd/chf chart here

Technical analysis with an edge Trade Idea gbpjpy

I would like to explain this with better explanation with more charts through the weekend to help you understand better the trade idea and stops with potential targets.

Next One

I would like to explain the reason behind the second chart failure to engulf was seen below the source of first engulf and finally when it was engulf it hold on to price and location S/R flip twice & that was good reason to set sell limit around the area of first locationo of S/R flip.

Tricks were played out twice & I would explain the reason behind trapping traders and how to locate these areas with limit orders. Stay tuned for more charts of this type & learn the art not trading.

Why I called forex Liquidators the world's best Trickers

You hear it right !

I use to call Forex liquidate providers the world's best tricker & reason being they always suck orders from market & then give it a go when there are no need to rush & price turns exactly opposite direction when turn comes to safe entries.

Let's speak in Charting language

Will come back to that once orders get picked.

Order did not manage to get excecuted but still I've pending orders at the level which will remain Activate till Monday U.S Session close.

Techncials update of Aud/usd

Take a look at the chart first. Price is reacting to the zone and I would expect that zone will hold as .7089 area is the strongest of support turned resistance and ultimate target will be 120 pips & stops around 30 pips higher.

Trade Well & Best of luck USD bulls.

OPEC mettings , Trade War & Crude Oil futures

U.S president Donald Trump & his counterparts from G20 meet today in Japan for having discussions about world growth & other factors influencing the global slowdown. China Trade talks is most focus issue in the talk & if in case Donald Trump does not initiate any improvement talks in future, we will surely see some hurdles in the stock & future market.

Gold futures has already shown the no result of talk in today meeting & hedge funds already showing their safe heaven to put in their money where it belongs to.

I would surely be looking for Curde oil future reactions if there is not enough steps taken towards Iran in the meetings.

Most Aggressive entry would be around 58.70 with stops around 60.40 & First target should be 56.70 & breach their would open the doors for further decline to 53.80 & I would prefer to take my profit around that level.

Definition of Price Action zones in Forex

I would like to be more ellobrate on if I could but keeping things simple and easy is the way to trade Forex or any stock or future market. Trade location, Risk & managing the risk , trailing entry & targets should be define advance to taking a trade. I have done everything to provide every type of help readers need & things won't be much easier than defining the price action zones.

Looking at the clean price action chart is really an art . Specifically when you are looking to reduce the risk and try to locate a trade & for me left shoulders are the best way to keep and eye always specially when it has history.

Traders might ask what to look for an history . History could be lean away zone on weekly chart or area where price has gone too far up or down is the best way to locate a zone on weekly & all my entries are derived from weekly chart or daily chart but no lesser than that. For entry I always look to h4 chart which for me is the best way to maximize your profit .

Chart below is of Chf/jpy which is daily chart & on the left you can see the the price created a zone & then retrace back to the left shoulder and create a price action zone when return to test the high & finally breaching that high. Trade location was just below the test when market turn to test the demand on the left. These are the location I like most because the target was more than 70 pips & stops below was not more than 12 pips.

Forex Technical Analysis & setups for the week starting 17th June 2019

Last week we had good run in Gold and setup was pinpoint around 1320 level and tp was 1348 & that hit in no time. This week we have few setups lined up and one of the best entry point is Aud/nzd which is around 1.0550 with stops around 1.0500 & First Target is 1.740

I'm eyeing big move in Aud/nzd in coming weeks and months . So, I would advise all of you to buy two lots of 0.10 cents with stops around the recent low and psychological level 1.0492

Idea of buying two lots is because we will close one position around recent high which is around 1.0720 level and let the another lot trail around 1.0650 & see if we can reach around 1.0900 level within this week or in the coming weeks or months.

Take a look at the charts of usd/jpy, chf/jpy & Aud/nzd with probabilities or If we can get to the entry point of another pairs within this week.

Usd/cad potential setup awaiting for very good Risk Reward opportunity

If you have been following my blog regularly then you might have known or well aware of Top-down analysis and in case you don't know how to take a trade from weekly to h4, then it is a great example of the potential setup in usd/cad.

As you see the chart about there is a hug sell-off in the area I mark with Red rectangel followed by retest failure and back to demand . I took that trade with 10 pips stop & got 140 plus pips. Same can be said as We see hesitation in reaching that level took 4 months & when price brokeout of that range , we again witness a huge sell.

Potential of that trade is huge as I'm eyeing new lows below the recent swing which is close to 1.3100 area. Set the stops tight and trail the entry with plus 100 & see the levels get broken very quickly. Take a trade around 1.3530 & set the stops around 1.3580-90 level & enjoy the tremendous potential profits which I see is more than a 70% chance of setup end up in profit.

I've also attached USd/jpy chart with the usd/cad chart & potential trade is offering very good reward but it depends on approach completely and if the orders below or above get executed then there are very little chances of sell-off but it still have very good chance of good setup & I would update the chart if I saw any opportunity after FOMC meeting minutes are released on Wednesday.

How to locate good risk Reward opportunities in Forex Trading

Hi , I am continuing from where I left last month. The point to target now is how to be patience and look for trades and what type of edge you can have and how you can spot good Risk Reward opportunities.

I'm hereby simplyfying the process of locating a trade. Trade locations can be everywhere but you need to look around and see what are the reasons and logic to take the trade if at all it has to rally in the direction of the trade.

Process of eliminating the Risk or getting high probability trades with Good Risk to Reward

I always look around and see the weekly chart once at the end of week to see if there is some synchronization between trade location and what relationship it has on lower time frames & only then I decide to look around in the coming week, when or if price approach that trade location.

Chart below explain why I dont look around too much for help or not concerned at all what happening out between U.S & China. I just pick my chart & try to cut losses as much as I can & take the trade & set the stop and target.

Chart speaks louder than words or mare assumptions. That trade location is not too far away from Eur/usd trade & If that is right then we will probably see 1.1277 hold the downside risk & rally to atleast 1.1488 is possible but we need to see how it is approached as I'm still expecting an upside rally from 1.1290 area before approach to that trade location.

Rest I'll post an update soon, If an when price start rallying again, but there is no risk to downside in Euro is seen this current week or the weeks to come.