Trade Strategy: Bullish Flag Pattern Key Levels: - Shorting Opportunity: 153.26 - Buying Opportunity: 152.84 Analysis: - Importance: Identifies a potential Bullish Flag Pattern setup - Technical Analysis: Signals a possible continuation of the bullish trend - Fundamental Analysis: Supports the bullish bias for USDJPY Trade Plan: - Shorting Opportunity:...
Trade Strategy: Support and Resistance Key Levels: - Support at 1.2435 (1-hourly chart) - Resistance at 1.2534 (1-hourly chart) Analysis: - Importance: Utilizes support and resistance levels for trading opportunities Trade Plan: - Buying Opportunity: Look for buy entries near support at 1.2435 - Shorting Opportunity: Consider shorting near resistance at...
- Trade Bias: Bearish - Key Factors: Interest rate differentials favor USD over EUR - Trade Plan: Looking for shorting opportunities Analysis: - Importance: Emphasizes interest rate expectations influencing currency movements Trade Plan: - Shorting Opportunity: Waiting for shorting setups - Potential Entry: Bullish Deep Crab Pattern completion at...
- Trade Strategy: Bearish Deep Gartley - Timeframe: 4-hourly chart Analysis: - Importance: Emphasizes the need for confirmation before entering a trade Trade Plan: - Entry Condition: Wait for candlestick confirmation - Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup - Engagement: Engage the trade only upon confirmation ...
- Trade Strategy: Support and Resistance - Key Levels: Resistance at 0.6624, Support at 0.6482 - Profit Potential: 142 pips Analysis: - Importance: Emphasizes the need to accurately assess profit potential Trade Plan: - Long Opportunity: Look for buy entries near Support (0.6482) - Short Opportunity: Consider shorting near Resistance (0.6624) - Risk...
Analysis: - Trading Setup: Bearish Fib-3 Bat Retest - Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone - Signal Confirmation: Supported by RSI Divergence - Trading Expectation: Expect potential stop-outs on lower time frames Trade Plan: - Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone...
- Trade Strategy: Support and Resistance - Support Level: 1.2595 - Resistance Level: 1.2656 - Potential Profit: 61 pips Analysis: - Support Level: Identified at 1.2595 - Resistance Level: Seen at 1.2656 - Strategy: Utilizing support and resistance levels for trading opportunities Trade Plan: - Buy Opportunity: Upon bounce off the support level at 1.2595 - Sell...
- Trade Bias: Bullish - Entry Point: Retest of support at 1.0809 - Target: First target set at 1.0869 - Risk Management: Shift stops to entry at first target level Analysis: - Support Level: Identified at 1.0809 - First Target: Set at 1.0869 - Risk Management: Stop-loss to be shifted to entry point upon reaching first target Trade Plan: - Entry upon retest...
- Timeframe: Weekly chart shows RSI Divergence - Trade Bias: Shorting opportunities favored Analysis: - Weekly Chart: RSI Divergence signals potential reversal - 4-Hourly Chart: Waiting for retest of previous resistance at 151.74 for short entry - Combo Trade Strategy: Stretching targets for lower risk and higher returns Combo Trade Strategy Explained: -...
Trade Setup: - Entry: Sell at retest of trendline - Target: Extended towards Bullish Butterfly Pattern completion zone - Trade Management: Utilizing upsize trade strategy Analysis: While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible...
Trade Setup: - Entry: Sell at 1.0797 (Retest Level) - Target: Extended towards potential Bullish Harmonic Patterns setup - Risk Management: Implementing trade management system for upsized trades Analysis: While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting...
Trade Setup: Pair: CADJPY Entry: Buy Limit at 111.16 Initial Stop-Loss: 110.84 Risk Exposure: 32 pips Analysis: Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market. Trade Management: - Buy Limit: Set at...
Overview: Bitcoin (BTC/USD) is approaching a key resistance level at $72,295, which could impact its near-term price action. Here's a breakdown of the current analysis and potential trading opportunities. Technical Analysis: - Resistance Level: Bitcoin is approaching a significant resistance level at $72,295. - 4-Hourly Chart: A close above this level could...
This week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan: 1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity. 2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential...
This week, I'm looking at NZDJPY with a bearish perspective, and here's my trade plan: 1. Bearish Shark Pattern Confirmation at 91.74: I'll be patiently waiting for the Bearish Shark Pattern to confirm at the level of 91.74. This level coincides with the formation of a Head & Shoulders pattern, adding confluence to the bearish setup. 2. Extended Trading...
This week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan: 1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement. 2. Bullish Trendline Retest: Alternatively, I'll keep an eye...
This week, I'm feeling bullish on GBPUSD, and here's why: 1. Weaker Bullish Trend on Daily Chart: Although the bullish trend on the daily chart is weaker, the recent violation of previous resistance suggests potential upward momentum. 2. RSI Divergence on 1-hourly Chart: The presence of RSI Divergence on the 1-hourly chart indicates a possible reversal or...
This week, I'm leaning towards a shorting opportunity on EURUSD for a couple of reasons: 1. **Bearish Shark Pattern on Daily Timeframe:** The presence of a Bearish Shark Pattern on the daily timeframe suggests a potential downward movement in the price. 2. **Breakthrough of Bullish Gartley Pattern:** The Bullish Gartley Pattern on the 4-hourly chart breaking...