Get started

Nakedchartanalysis

GBPUSD LongsGBPUSD high & low timeframes are providing a potential long position for the coming week. What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800. From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000. Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher. Trade safe & manage risk as always.
Long
by jeafxtrading
3
USDJPY Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly Chart trendline breakout 2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame Entry: We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the current week, retest the trendline before continuing bullish. Lets see how the first half of next week plays out. This will give us a chance to reassess the trade as well as the risk reward ratio. Note that the pair is extremely extended so its best to wait for a Higher Low to form before we can start looking for entries.
Long
by NDOBObanks
EURUSD Short with 3 Listed Confluences (Naked Charts)Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of the time, traders who enter straight after a breakout pattern occurs are likely to get stopped out. We will be looking to take the trade towards the middle of next week (Wednesday) as price might push back up to retest the trendline so it is important to wait and see how the price moves after the breakout. This will also give us a chance to reassess the risk reward ratio of the trade. Will be holding this trade between 3 - 4 week or until take profit is reached (Whichever comes first).
Short
by NDOBObanks
1