New Trade Idea
XAU/USD (Gold) Sell
Enter Now
Stop Loss 1840.50 (13 pips)
Take Profit 1833.70 (54 pips)
RR 4.19
https://www.tradingview.com/x/hdrMEvpU/
XAU/USD (Gold) Sell
Enter Now
Stop Loss 1840.50 (13 pips)
Take Profit 1833.70 (54 pips)
RR 4.19
https://www.tradingview.com/x/hdrMEvpU/
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Ryan’s Free Trading Group
My GJ Top Down Analysis for Next Week 1w Starting on the weekly, there isn't too much we can get other than focusing on the weekly highs. We can see the top of the weekly range being 158.230 in OCT last year in which price has now tried to revisit over the…
EUR/USD Top-Down Analysis for Next Week
You guys seemed to enjoy the previous GJ weekly analysis I did which played out perfectly to the T. So thought I’d do another one on EU for any help if you’re looking to trade this pair going into next week! 👍🏼
1d
Starting on the daily, we can see that price was in a steady uptrend throughout December/January before pushing to the upside to create a new weekly high. Shortly afterwards, then crashing to the downside to form our new weekly low. From these two high momentum pushes, we now have 2 key areas of supply and demand on either sides of our current trading range between 1.14830 & 1.11200.
Price has been trading towards the highs of our range where we can now see a double top has formed in alignment with the previous high we saw at these weekly highs in January. Here price consolidated for a while before then doing a big spike above the highs to clear liquidity on the back end of fundamental news we had this week.
Here is where the sellers stepped in to take control which can be represented by the most recent bearish engulfing candlestick. In terms of downside targets, we have our first target at the daily level which is our blue line which aligns with the 1.1300 psychological level. Followed by our second target at the daily demand level down at the weekly lows.
4h
Now looking at the 4h, things are more clearer. Firstly, we can see the large push up we had into our weekly levels with the movement of liquidity from Point A (1.1300) to Point B (1.1500).
Followed by consolidation at the highs, a double top pattern, a last spike above to clear out stops/collect orders and now a bearish follow through to the downside.
Both moving averages have now also crossed over to the downside, as well as the most recent 4h candle closing as a bearish engulfing. So we can clearly establish that we're bearish on EUR/USD going into next week and are now looking for the highest point we can sell from.
Our first point of interest (POI) is our most recent supply zone where price did it's last push up before sellers forced price down to create the 4h bearish engulfing candle.
If we also draw a fib from the top to the bottom of the bearish daily candlestick & look at it from the 4h timeframe. We can see that the 61.8% & 78.6% retracement levels align perfectly with our 4h supply zone.
As well as both the -27% & -61.8% target levels aligning perfectly with our lower demand zone, daily level & the 1.13000 psychological level where buyers last stepped in before price reached our weekly highs.
Now, with all the confluence we have for both our entry & target points, it's highly likely that price will pop up into our 4h POI early next week. Before then pushing down to fill in the imbalance previously created & mitigate our lower key level.
30m
Moving over into the intraday chart on the 30m timeframe. We can see that we created the initial high during London opening however, failed to then create a new higher high during New York's session before price dumped.
Therefore, I'm expecting price to trade higher during London opening again next week up into our New York high's. Where during the US session, sellers could then potentially step in to push price lower once again.
This New York high also aligns with our 4h POI and the 1.1400 psychological level. Meaning we have built up a strong web of confluence as we scale down the timeframes to build strength in our analysis!
https://www.tradingview.com/x/uljacYIy/
https://www.tradingview.com/x/M4PyrZZo/
https://www.tradingview.com/x/n39K1ehm/
You guys seemed to enjoy the previous GJ weekly analysis I did which played out perfectly to the T. So thought I’d do another one on EU for any help if you’re looking to trade this pair going into next week! 👍🏼
1d
Starting on the daily, we can see that price was in a steady uptrend throughout December/January before pushing to the upside to create a new weekly high. Shortly afterwards, then crashing to the downside to form our new weekly low. From these two high momentum pushes, we now have 2 key areas of supply and demand on either sides of our current trading range between 1.14830 & 1.11200.
Price has been trading towards the highs of our range where we can now see a double top has formed in alignment with the previous high we saw at these weekly highs in January. Here price consolidated for a while before then doing a big spike above the highs to clear liquidity on the back end of fundamental news we had this week.
Here is where the sellers stepped in to take control which can be represented by the most recent bearish engulfing candlestick. In terms of downside targets, we have our first target at the daily level which is our blue line which aligns with the 1.1300 psychological level. Followed by our second target at the daily demand level down at the weekly lows.
4h
Now looking at the 4h, things are more clearer. Firstly, we can see the large push up we had into our weekly levels with the movement of liquidity from Point A (1.1300) to Point B (1.1500).
Followed by consolidation at the highs, a double top pattern, a last spike above to clear out stops/collect orders and now a bearish follow through to the downside.
Both moving averages have now also crossed over to the downside, as well as the most recent 4h candle closing as a bearish engulfing. So we can clearly establish that we're bearish on EUR/USD going into next week and are now looking for the highest point we can sell from.
Our first point of interest (POI) is our most recent supply zone where price did it's last push up before sellers forced price down to create the 4h bearish engulfing candle.
If we also draw a fib from the top to the bottom of the bearish daily candlestick & look at it from the 4h timeframe. We can see that the 61.8% & 78.6% retracement levels align perfectly with our 4h supply zone.
As well as both the -27% & -61.8% target levels aligning perfectly with our lower demand zone, daily level & the 1.13000 psychological level where buyers last stepped in before price reached our weekly highs.
Now, with all the confluence we have for both our entry & target points, it's highly likely that price will pop up into our 4h POI early next week. Before then pushing down to fill in the imbalance previously created & mitigate our lower key level.
30m
Moving over into the intraday chart on the 30m timeframe. We can see that we created the initial high during London opening however, failed to then create a new higher high during New York's session before price dumped.
Therefore, I'm expecting price to trade higher during London opening again next week up into our New York high's. Where during the US session, sellers could then potentially step in to push price lower once again.
This New York high also aligns with our 4h POI and the 1.1400 psychological level. Meaning we have built up a strong web of confluence as we scale down the timeframes to build strength in our analysis!
https://www.tradingview.com/x/uljacYIy/
https://www.tradingview.com/x/M4PyrZZo/
https://www.tradingview.com/x/n39K1ehm/
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GBP/JPY Analysis
Good morning traders! Let's look at some mapped out analysis for the week for GJ!
If you look over towards the left, we had the ultimate high formed at 158.000. Where price then after began to create lower lows and lower highs in a bearish market structure.
However, this structure then changed after creating the ultimate low where price began to create higher highs & higher lows instead.
Looking over to the right, we have just had a new higher high created during the Asian session overnight. As well as liquidity now being taken from the double top (£) where stop losses will be.
Despite price being in a minor bullish trend right now, GBP/JPY is in an overall downtrend on the higher timeframes. Therefore, I am now looking for price to run into my point of no return which is an unmitigated swing point and point of interest.
Before then collapsing to the downside again to our ultimate low towards the end of the week to complete the cycle.
https://www.tradingview.com/x/MAOGQ6qx/
Good morning traders! Let's look at some mapped out analysis for the week for GJ!
If you look over towards the left, we had the ultimate high formed at 158.000. Where price then after began to create lower lows and lower highs in a bearish market structure.
However, this structure then changed after creating the ultimate low where price began to create higher highs & higher lows instead.
Looking over to the right, we have just had a new higher high created during the Asian session overnight. As well as liquidity now being taken from the double top (£) where stop losses will be.
Despite price being in a minor bullish trend right now, GBP/JPY is in an overall downtrend on the higher timeframes. Therefore, I am now looking for price to run into my point of no return which is an unmitigated swing point and point of interest.
Before then collapsing to the downside again to our ultimate low towards the end of the week to complete the cycle.
https://www.tradingview.com/x/MAOGQ6qx/
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GBP/USD Analysis
Very similar setup on GBP/USD with the same principles in mind.
https://www.tradingview.com/x/DPtOZC9d/
Very similar setup on GBP/USD with the same principles in mind.
https://www.tradingview.com/x/DPtOZC9d/
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New Trade Idea
GBP/JPY Buy Limit
Entry Price 156.863
Stop Loss 156.757 (10 pips)
Take Profit 157.580 (71 pips)
RR 6.76
Looking to see if we can ride this bullish momentum up into our POI as given in my analysis above for a nice little intraday trade here with a tight 10 pip stop loss incase of setup invalidation.
If price begins to reject the moving averages and doesn't give us a spike down into our entry point, I'll be looking at deleting this order and longing (buy) this pair with a market/instant execution setup instead 👍
https://www.tradingview.com/x/JXwJJ3jQ/
GBP/JPY Buy Limit
Entry Price 156.863
Stop Loss 156.757 (10 pips)
Take Profit 157.580 (71 pips)
RR 6.76
Looking to see if we can ride this bullish momentum up into our POI as given in my analysis above for a nice little intraday trade here with a tight 10 pip stop loss incase of setup invalidation.
If price begins to reject the moving averages and doesn't give us a spike down into our entry point, I'll be looking at deleting this order and longing (buy) this pair with a market/instant execution setup instead 👍
https://www.tradingview.com/x/JXwJJ3jQ/
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New Trade Idea
GBP/JPY Buy
Enter Now
Stop Loss 156.778 (20 pips)
Take Profit 157.580 (60 pips)
RR 3.0
Deleting the previous buy order and entering here now!
https://www.tradingview.com/x/tNipjhBe/
GBP/JPY Buy
Enter Now
Stop Loss 156.778 (20 pips)
Take Profit 157.580 (60 pips)
RR 3.0
Deleting the previous buy order and entering here now!
https://www.tradingview.com/x/tNipjhBe/
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New Trade Idea
GBP/USD Sell
Enter Now
Stop Loss 1.35771 (12 pips)
Take Profit 1.35000 (65 pips)
RR 5.42
Resistance holding firmly here and if price wants to push to the downside but takes other £ pairs with it e.g. GBP/JPY
It’ll act as a hedge position for GJ incase that setup is invalidated for our long position 👍🏼
https://www.tradingview.com/x/EKK5BYYe/
GBP/USD Sell
Enter Now
Stop Loss 1.35771 (12 pips)
Take Profit 1.35000 (65 pips)
RR 5.42
Resistance holding firmly here and if price wants to push to the downside but takes other £ pairs with it e.g. GBP/JPY
It’ll act as a hedge position for GJ incase that setup is invalidated for our long position 👍🏼
https://www.tradingview.com/x/EKK5BYYe/
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New Trade Idea
GBP/JPY Sell
Enter Now
Stop Loss 156.744 (20 pips)
Take Profit 155.968 (57 pips)
RR 2.88
https://www.tradingview.com/x/m7VFAvsx/
GBP/JPY Sell
Enter Now
Stop Loss 156.744 (20 pips)
Take Profit 155.968 (57 pips)
RR 2.88
https://www.tradingview.com/x/m7VFAvsx/
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Ryan’s Free Trading Group
New Trade Idea GBP/JPY Sell Enter Now Stop Loss 156.744 (20 pips) Take Profit 155.968 (57 pips) RR 2.88 https://www.tradingview.com/x/m7VFAvsx/
Currently running +20 pips and we're now also running above 1:1 for our risk:reward (RR) so I've now reduced my stop loss to 50% of the original amount down to 156.644 for a total of 10 pips ✅
https://www.tradingview.com/x/ZEWlx645/
https://www.tradingview.com/x/ZEWlx645/
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Ryan’s Free Trading Group
New Trade Idea GBP/JPY Sell Enter Now Stop Loss 156.744 (20 pips) Take Profit 155.968 (57 pips) RR 2.88 https://www.tradingview.com/x/m7VFAvsx/
Stop loss has now been moved to my entry to make this position risk-free and I have also just closed 50% of my position/profits now too
For example, if you placed this trade on a 0.10 lot size, close 0.05 of the trade when modifying it and then also make it risk-free 👍🏼
https://www.tradingview.com/x/eAi7ecAw/
For example, if you placed this trade on a 0.10 lot size, close 0.05 of the trade when modifying it and then also make it risk-free 👍🏼
https://www.tradingview.com/x/eAi7ecAw/
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New Trade Idea
EUR/USD Sell Limit
Entry Price 1.12065
Stop Loss 1.12245 (18 pips)
Take Profit 1.11305 (76 pips)
RR 4.22
https://www.tradingview.com/x/X7ROVUz8/
EUR/USD Sell Limit
Entry Price 1.12065
Stop Loss 1.12245 (18 pips)
Take Profit 1.11305 (76 pips)
RR 4.22
https://www.tradingview.com/x/X7ROVUz8/
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New Trade Idea
GBP/JPY Sell Limit
Entry Price 154.650
Stop Loss 154.800 (15 pips)
Take Profit 154.000 (65 pips)
RR 4.33
High volume coming into the market on London opening for the last day of the trading week! Dollar is firm as of right now and risk is off for this morning making me heavily bearish on EUR/USD & GBP/JPY here.
However, entering on these drops will be high risk entries with a bad risk:reward ratio so we're looking for a pullback into our point of interest where supply liquidity was provided
https://www.tradingview.com/x/IkrljtkF/
GBP/JPY Sell Limit
Entry Price 154.650
Stop Loss 154.800 (15 pips)
Take Profit 154.000 (65 pips)
RR 4.33
High volume coming into the market on London opening for the last day of the trading week! Dollar is firm as of right now and risk is off for this morning making me heavily bearish on EUR/USD & GBP/JPY here.
However, entering on these drops will be high risk entries with a bad risk:reward ratio so we're looking for a pullback into our point of interest where supply liquidity was provided
https://www.tradingview.com/x/IkrljtkF/
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New Trade Idea
XAU/USD (Gold) Sell Limit
Entry Price 1917.21
Stop Loss 1919.71 (25 pips)
Take Profit 1888.56 (286 pips)
RR 11.46
https://www.tradingview.com/x/IAQ7P4uc/
XAU/USD (Gold) Sell Limit
Entry Price 1917.21
Stop Loss 1919.71 (25 pips)
Take Profit 1888.56 (286 pips)
RR 11.46
https://www.tradingview.com/x/IAQ7P4uc/
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New Trade Idea
EUR/USD Buy
Enter Now
Stop Loss 1.11740 (10 pips)
Take Profit 1.13000 (116 pips)
RR 11.6
https://www.tradingview.com/x/WIQRISUu/
EUR/USD Buy
Enter Now
Stop Loss 1.11740 (10 pips)
Take Profit 1.13000 (116 pips)
RR 11.6
https://www.tradingview.com/x/WIQRISUu/
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Ryan’s Free Trading Group
New Trade Idea EUR/USD Buy Enter Now Stop Loss 1.11740 (10 pips) Take Profit 1.13000 (116 pips) RR 11.6 https://www.tradingview.com/x/WIQRISUu/
Now running +40 pips in profit & I have now moved my stop loss to my entry point of 1.1840 to make this position risk-free ✅
https://www.tradingview.com/x/2LSwNfpW/
https://www.tradingview.com/x/2LSwNfpW/
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Ryan’s Free Trading Group
New Trade Idea EUR/USD Buy Enter Now Stop Loss 1.11740 (10 pips) Take Profit 1.13000 (116 pips) RR 11.6 https://www.tradingview.com/x/WIQRISUu/
Position closed at breakeven after a strong correction back down after the initial pump up.
Price seemed to find support/demand right on our original entry point so my bias & prediction still remains the same.
So currently looking for another entry point to see if we can ride this momentum upwards! 📈
https://www.tradingview.com/x/OlaBK4Hg/
Price seemed to find support/demand right on our original entry point so my bias & prediction still remains the same.
So currently looking for another entry point to see if we can ride this momentum upwards! 📈
https://www.tradingview.com/x/OlaBK4Hg/
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New Trade Idea
EUR/USD Buy Limit
Entry Price 1.11930
Stop Loss 1.11730 (20 pips)
Take Profit 1.13000 (107 pips)
RR 5.35
Attempt 2 on EU looking for price to come down to fill in this imbalance before continuing it's bullish uptrend towards our POI at 1.13000 📈
https://www.tradingview.com/x/hwX5EShB/
EUR/USD Buy Limit
Entry Price 1.11930
Stop Loss 1.11730 (20 pips)
Take Profit 1.13000 (107 pips)
RR 5.35
Attempt 2 on EU looking for price to come down to fill in this imbalance before continuing it's bullish uptrend towards our POI at 1.13000 📈
https://www.tradingview.com/x/hwX5EShB/
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New Trade Idea
EUR/USD Buy Limit
Entry Price 1.12075
Stop Loss 1.11850 (22 pips)
Take Profit 1.13000 (92 pips)
RR 4.11
https://www.tradingview.com/x/Qpe4owYu/
EUR/USD Buy Limit
Entry Price 1.12075
Stop Loss 1.11850 (22 pips)
Take Profit 1.13000 (92 pips)
RR 4.11
https://www.tradingview.com/x/Qpe4owYu/
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New Trade Idea
GBP/JPY Sell
Enter Now
Stop Loss 154.447 (20 pips)
Take Profit 153.500 (74 pips)
RR 3.74
https://www.tradingview.com/x/Lz00EzQt/
GBP/JPY Sell
Enter Now
Stop Loss 154.447 (20 pips)
Take Profit 153.500 (74 pips)
RR 3.74
https://www.tradingview.com/x/Lz00EzQt/
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