GBP/JPY Performed a Double Bottom After MACD Divergence

The5ersTF

Member
50 5

Weekly trade idea on USD/CAD​

Week: 19-23.04.2021

Key event: CAD. Interest Rate

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading than the previous month.



Until release day, we expect a continuation of the actual trend. A negative surprising data value could reverse actual trend direction.

Key Levels:

  • Resistance 1.2630, 1.2750, 1.2900
  • Support 1.2400, 1.2255

Trend USD/CAD

Bearish

Price has been respecting a down channel, reacting to horizontal and diagonal resistance. This scenario may change with fundamental announcements.


Call to Action/Trade Idea

We will look for buying opportunities near support. A breakout of the bearish channel will provide us opportunities to buy on retracements.



usdcadidea
 

The5ersTF

Member
50 5

Weekly trade idea on EUR/USD.​

Week: 26-30.04.2021

Key event: USD. Interest Rate

Interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading to the previous month.



Until release day, we expect a continuation of the actual trend. A positive or negative surprising data value could affect the actual trend direction.

Key Levels:

  • Resistance 1.2150, 1.2300
  • Support 1.1990, 1.1850, 1.1700

Trend EUR/USD

Bullish

Price has recovered aggressively to the upside. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2250 / 1.2300.


Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend. Any retracement or pullback to support levels. Only an unexpected important release might overturn the actual trend.



eurusdidea
 

The5ersTF

Member
50 5

Weekly trade idea on EUR/USD.​

Week: 10-14.05.2021

Key event: USD. Retail Sales

The retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes in such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive for the USD, while a low reading is seen as negative.

We expect a lower reading than the previous month.


Until release day, we expect a continuation of the actual US weakening trend against most major pairs. We do not expect a surprising positive data release that could reverse the actual trend direction.

Key Levels EUR/USD:

  • Resistance 1.2170, 1.2350
  • Support 1.1990, 1.1850, 1.1700

Trend EUR/USD

Bullish

Price has recovered aggressively to the upside. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2250/1.2300.


Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important release might overturn the actual trend.



eurusdidea
 

The5ersTF

Member
50 5

Weekly trade idea on EUR/USD.​

Week: 24-28.05.2021

Key event: USD. Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized indicates the pace at which a country’s economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

We expect a similar reading to the previous month.






This release should not affect the USD behavior during the week. Technical key levels will be more relevant. We expect a continuation of the actual US weakening trend against most major pairs. We do not expect a surprising positive data release that could reverse the actual trend direction.​

Key Levels EUR/USD:​

  • Resistance 1.2250, 1.2350
  • Support 1.2170, 1.2050, 1.2000
Trend EUR/USD

Bullish

Price has recovered aggressively to the upside, forming HH and HL. A test of the next resistance is very likely. If that level doesn’t hold we should see a rally all the way to 1.2300.

Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend on supports. Any retracement or pullback. Only an unexpected important release might overturn the actual trend.



eurusdidea
 

The5ersTF

Member
50 5
Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.

Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market and what strategy could be used to trade them. The commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold.

 

The5ersTF

Member
50 5
All Timeframe Trading - Gary Langley defines entries and exits using the forex high timeframes.

Gary L. defined entries and exits using the high timeframes to map out the small times.


 

The5ersTF

Member
50 5
Patience Pays Strategy - Wait patiently for this setup, and the forex market will pay you accordingly.

The best traders know that patience is a virtue. This webinar will discuss a specific setup, which gives the trader all the tools to become consistently successful if only the trader is patient enough to wait for it.

 

The5ersTF

Member
50 5
The wonder of the spinning top is a pattern that gives you an edge over the stocks and FX market.

A high-probability trades that come after spinning tops are created (both for continuation and reversals).

 

The5ersTF

Member
50 5
The Difference Between Quasimodo and Head & Shoulders.

Two of the most reliable and powerful reversal pattern is Quasimodo and Head & Shoulders, but many traders confuse between them.

In this video, we explain the difference between Between Quasimodo and Head & Shoulders.

 

The5ersTF

Member
50 5
How to fix the most common challenges forex traders face.

This webinar uncovers what traders suffer the most during their careers and gives practical tools to fix it.


 
 
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