Tradebudz

Tradebudz

Certainly! Here's a revised version: --- Hello Traders, I've embarked on a journey of 1,000 trades, and here we are at trade number 7. We'll do a thorough review when we hit trade number 10. In this trade, we're looking at USDJPY. As I write this, the price is moving in our favor. This setup is straightforward: the price is forming lower lows and lower highs....

Tradebudz

Dear Traders, Today, we're focusing on our sixth trade opportunity: NZDCAD. This pair previously delivered an excellent trade a few weeks ago (I will include the link to that trade). Currently, NZDCAD appears poised for another significant move. Weekly Timeframe: The price has moved from a strong support level at 0.83850 and broken into the next key range at...

Tradebudz

Dear Traders, We are about to embark on Trade Number 5 of our 1,000 Trade Challenge. The market has shown significant bearish momentum, breaking a strong support level at 0.65700. We now have a clear range down to 0.64680. Please note that this week we have the Non-Farm Payroll (NFP) release, so exercise caution. Wishing you successful trading, Renaldo Philander

Tradebudz

Good morning, Traders, As we begin a new week, the EUR/GBP pair appears to be setting up for a short position. This will be trade number 4 in my journey towards completing 1,000 trades. On the daily and weekly Timeframe, the pair is forming clear lower lows and lower highs. Currently, we are observing a potential drop from 0.84250, with our target set at the...

Tradebudz

Hello Traders, I am pleased to present trade number 0003 in my 1000 trade challenge. Today, we are focusing on the NZDCAD pair, which has been exhibiting a ranging behaviour for most of the day. However, a favourable entry signal has been identified. Currently, the pair is trading around the 0.83000 level. The daily market structure indicates a bearish trend,...

Tradebudz

Hey Traders, I am writing to provide an update on our second trade. The price has reached a key level that I have identified as a potential entry point. However, I have not yet entered a position. I am closely monitoring the price action on lower timeframes for any signs of rejection. Based on my analysis, I anticipate the commencement of a strong bullish trend...

Tradebudz

Dear Traders, Today marks the commencement of a personal challenge: to execute 1,000 trades, focusing solely on selecting the best opportunities without any monetary expectations. This initiative aims to enhance my trading skills and share my journey transparently on this platform. I acknowledge my previous inconsistency in engagement, and this is a renewed...

Tradebudz

Dear Traders, Last week proved to be a rewarding one in the markets, and we aim to sustain this positive momentum. As many of you who have been following my trading updates are aware, occasional losing streaks are a natural part of trading. Prior to Last week, we experienced back-to-back losses on all our trades, but setbacks like these provide valuable learning...

Tradebudz

Hey Traders US30 is making its way back towards yesterday's high, presenting us with a potential opportunity to capitalize on the medium-term bearish trend. I'll be keeping a close eye on the 38000 level, as its ability to hold will determine my entry into a short position. My target for this trade is the first support at 37600, with a further hold for 37250 if...

Tradebudz

NZDJPY has hit our stop loss, but there's no need to worry. With approximately 9 minutes remaining on the current H1 candle, I'm looking for price to form a significant bearish candle, similar to the example I've illustrated. If this scenario plays out, I'll enter another short position. We'll have to wait and see how this trade develops. If I get stopped out...

Tradebudz

Dear Traders, I have identified a compelling trading opportunity on the NZDJPY currency pair. The price has recently reached a significant resistance level on the H4 time frame, currently trading near 91.500. This level presents a favorable point for price action to initiate a bearish move. I anticipate a continuation of the downtrend from this point. To manage...

Tradebudz

Dear Traders, I hope you all had a great weekend and are ready for the week ahead. Weekends are a great time to reset and focus, especially in trading where the constant changes in market prices can sometimes cloud our judgment. In my recent analysis, I reflected on a period of consecutive losses. However, it's important to remember that while we can't control...

Tradebudz

Hello Fellow Traders, As we wrap up the week, I want to reflect on the past two weeks, during which I've experienced consecutive losses. Such ups and downs are a natural part of trading, and they serve as valuable learning experiences. I remain committed to sharing my insights and outlook with you all. Currently, I have ongoing positions on GBPCHF, based on a...

Tradebudz

Dear Traders, As the New York session begins, we're seeing increased volatility in the market. I've observed a significant price action on NZDJPY, with the price breaking strongly above the previous resistance level, establishing a new range. I am now considering a long position, aiming to capitalize on the upward momentum and target the previous high. Remember,...

Tradebudz

The Consumer Price Index (CPI) has exceeded expectations for the third consecutive month. This development suggests that the US30 price may have reached a monthly low and could potentially continue its upward trajectory, establishing new higher highs as investors are likely to maintain their investments. What are your thoughts? Tradebudz

Tradebudz

Greetings, Traders. The EURUSD pair is exhibiting intriguing price dynamics. Given that we are in the New York trading session, I foresee a steady upward movement towards the critical level of 1.09000 and beyond. Current stops positioned below 1.08580 will act as my exit barrier, primarily because it would infringe upon my entry signal. If the price penetrates...

Tradebudz

The GBPCHF pair has been hovering at a peak for approximately four weeks, indicating a potential high-risk trading opportunity. There is a possibility of a downturn in the near future. An entry signal was identified on the 15-minute chart, offering a favorable risk-reward ratio. It remains to be seen how the price will react. As always, prudent risk management...

Tradebudz

Hey Traders, I trust you all had a profitable week navigating the EURAUD and various other trading opportunities that were discussed within our community. As we venture into the new trading week, I'd like to draw your attention to a potentially lucrative shorting opportunity in GBPCAD. Throughout the previous week, I diligently monitored the price action of...