Forex Swing Trades on the Radar–June 26

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Forex Swing Trades on the Radar–June 26

Forex Swing Trades on the Radar–June 26

While a number of pairs such as the USD/JPY, EUR/USD and USD/CHF remain stagnant as they await their next trending move, a number of pairs have strong trends going on.

NZD/USD

The NZDUSD is one pair on the watch list. Since the start of June is has been rallying strongly. The pair is in a trend channel going back to August. The channels is rising so it is likely the pair will create a new high above the former high at 0.8780…which isn’t far away from the current price of 0.8770.

The trade I am waiting for is a pullback to support in the 0.8670 region (near blue horizontal line). It is in that area that I want to pick up the trade (buy order currently at 0.8681) with a stop near 0.8656 and few targets at 0.87241, 0.87346 and 0.8750. In other words, I am looking for the price to pullback and consolidate a bit. Since we are near the top of the trend channel, once a high is made above 0.8780 the path of least resistance will likely be down, but short trades will have to wait until that outlook is confirmed via an actual drop below support.

USD/CAD

The USD/CAD is another pair in a strong trend. Since making a marginal new high in March the pair has been trending lower.

There are two potential trades I am interested in here.

There is a strong support band between 1.0680 and 1.0600. The price may bounce off the area. If we get a consolidation in that area (4hour chart) and the price breaks above the consolidation I would look for the long with a stop just below the consolidation low.

But the trend is down, which means I want to be out of the long position before it reaches resistance at 1.0896. In fact I would likely be out of by 1.08 because I want to get short around 1.0896.

The horizontal lines on the daily chart below mark potential trade areas, per above. No orders out yet as I want to see a bit of slow down before buying. And once we get a pop higher I am looking for the short.

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EUR/CAD

The EUR/CAD is also in a downtrend and just made a new swing low. Looking for a pullback into the resistance area (seen on the last price wave) to go short, with a stop just above the wave high near 1.4647 and targets at 1.45428 and 1.45267.

Final Word

Please note all trades are in the actual forex market, where I can set profits targets which provide a greater return than risk. This means being right less than 50% of the time can still result in a profit. You may be able to adapt these trade ideas to binary options, although the strategy used relies heavily on being able to make more on winners than I lose on losers.

Swing Trades DAX/DOW/NQ/GOLD

This thread is for traders to use it as a a guide. There is no right or wrong in a trade. There will always be bears and bull traders with different strategies on different time frames.

There is no 100% win. Markets can only be traded in best case scenario with a good working and rigid followed strategy.

  • Post # 2
  • Quote
  • Edited at 9:51am Sep 10, 2020 8:35am | Edited at 9:51am

This moment still in a NQ CFD Long trade since Friday @ 7440
T1 +11p 4 lot
T2 +40p 1 lot
+10p locked in last lot
FLAT +10p last lot

Target 7500/7510 zone +1.0% from Y close

  • Post # 3
  • Quote
  • Edited at 12:02pm Sep 10, 2020 9:51am | Edited at 12:02pm

I will start a new possible Swing trade above 7450 zone

Waiting for a break out of the 2 MA lines/”Whales mouth” 7415<>7450

  • Post # 4
  • Quote
  • Sep 10, 2020 3:12pm Sep 10, 2020 3:12pm

NQ new possible Swing trade started @ 7445

Above 7460 I add more cntrs.

  • Post # 5
  • Quote
  • Edited at 5:00am Sep 11, 2020 12:38am | Edited at 5:00am

T1 +40p reached @ +0.5%. Sold 3 lot
2 to go

(Added 2 more lot @ 7455 so average 7450)
2 lot closed +20p

2 lot to go
SL BE last lots
Will be a BE trade or pop to the 7500+ zone.
FLAT BE last 2 lots.

Next targets:
7500
7530 @ +1.0% and Naked POC of last week Thursday..

7485/7490 Res. zone now. Highs from Monday & Friday

I was looking for this break out all day Yesterday. Price kept pushing up.

  • Post # 6
  • Quote
  • Sep 11, 2020 1:08am Sep 11, 2020 1:08am
  • Post # 7
  • Quote
  • Edited at 2:39am Sep 11, 2020 1:25am | Edited at 2:39am

DOW still very side ways.

My Swing MA line flat, so the price jumps up & down around this line.
Waiting for US macro news and trade war news from the Trump war room.

DAX still bearish
Price even below my Stop MA & Swing MA lines.
If the price goes up, it usually goes to the middle area of these 2 MA lines, what should be +/- 12.100/+1.0% zone

So for both markets no clear Swing trade set up.
No counter trades on the “wrong” side of the Swing MA line.
Just trades on the Swing MA cross as in the NQ trade above

554# Zig Zag Swing Trading System

Zig Zag swing Binary Options strategy

Submit by Zurky 22/03/2020

Zig Zag Swing System is an trend momentum strategy for scalping , intraday and swing trading.

Scalping trading time frame 1min to 5 min;

Intraday trading time frame 60 min to 240 min;

Swing trading time frame 60 min, 240 min, daily.

AK zig zag pointer,

KFSE Stoch bars,

To see pdf for rules in forex.

Zig Zag Swing Trading Binary options strategy

For Binary Options Trading these are the rules:

When the price reaches a l minimum (under the green wavy line) arrow appears to signal a trend reversal, when waiting on lower display FX timing sine wave begins to move upward (green) – buy a CALL option. When the price reaches a local maximum (above the red wavy line) arrow appears a trend reversal, FX timing indicator starts to move downward wave (painted red) – buy the PUT option

In the pictures Zig Zag swing system in action.

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