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GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running > Higher high and higher low printes > inner trendline break > quadruple bottom > POC below current price We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System. Post Fed Meeting The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore. Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying. Please always remember: Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs. Best Meikel & Team WSI
Long
by WallStreetIntelligence
2
🤓 🤓 MARKET STRUCTURE SHIFT! SMCMarket structure in Forex trading or price action is how many people take advantage of the markets. No indicators, and no volume. Because the market does not have a centralised exchange. Forex traders often swing trade the market based on the structure to take advantage of the opportunity. Structural market change is broadly defined as a shift or change in the way in which a market or economy functions or operates. I have tried my best to show you in the easiest possible way to look out for. Save this to your notes for future reference.
OANDA:SPX500USDEducation
by benoc_
12
EUR/AUD: Watchlist Long Trade for next weekEUR/AUD: Watchlist Long Trade for next week > High Volume POC below current levels > 3 touch inner upward trend > inverse Shoulder-Head-Shoulder > Need a break of the last falling high + 2 touch inner downward trend break We are looking for a break of structure + change in sequence. This will be achieved once the last lower high is broken to the upside. Check out our last Stream by Wall Street Trader Meikel Mokry: www.tradingview.com Meikel & Your Team WSI
Long
by WallStreetIntelligence