Overall strong up trend Liquidity sweeps have already done Order block area confluence with Fibonacci level around 50-62 and pivot point Wait and see ;) I’am forex newbie Any suggestions please comment
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Preferred direction: Neutral Comment: Gold is also on balance at 1981.683, foreshadowing future gains. However, most likely this is more about the medium-term vision. In the shorter term, the instrument will maintain its presence in the balance sheet. there is an assumption of a slight increase, thereby leaving the balance, and then returning to it again. ...
Preferred direction: SELL Comment: The climax at level 150 continues. The Japanese regulator is actively intervening in the market to support its currency. Because of this, trade is weakened. The general trend towards shorts continues, but this, as we said, is a gradual increase in shorts. The candlesticks formed on currency intervention are expected to...
Preferred direction: BUY Comment: Trading continues at the level of 1.05700 for the currency pair. The probability of a fall remains and it is greater than assumptions about growth. Most likely, a false breakout will be formed upward at this level and after that the price will go down. Thank you for like and share your views!
Preferred direction: SELL Comment: Saving the ECB rate at its previous value was not a surprise; the market reacted calmly, but statistics from the United States, which exceeded all expectations, on the contrary, forced the market to move. Against this background, the euro continues to weaken, and technically, the strength of the US dollar can also be seen. ...
EURJPY Channel: GREEN WK Pivot: GREEN AOB: EMA10 CON: SBB BUY Stop: 158.970 Stop Loss: 158.398 TP01: 159.542 TP02: 160.686 DWR present as a buy setup on 26 OCT, with Channel and Pivot are green bouncing off EMA1- However, trade is not taken/considered SPX500: SELL DXY: BUY OIL: BUY GOLD: BUY
As part of the bearish analysis, GBP and EUR vs JPY could be setting up for a short for the US session.
💬 Description: The currency pair stood at the level of 1.06745 , which is resistance at the moment. In addition, a lot of interest has recently accumulated at this level, which has been distributed downward. The significance of this current price area is great. I assume that the instrument will come into balance at this level to accumulate positions and...
On October 24, the Bank of Japan announced its fifth extraordinary purchase of government bonds since adjusting its yield curve control program at the end of July. Despite these efforts, Japan`s 10-year bond yield continued to hit new highs this month, adding to the global stock market decline. "However, there is still speculation about the Bank of Japan's policy...
💬 Description: The evening trading idea for the Euro has undergone some changes, and now it is probably best to look at selling again. Pressing towards the daily support level of 1.05194 will most likely implement sellers’ immediate plans to eliminate buyers’ stop losses, which are located below this level. There is a good target ahead for implementing the...
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 158.95 (stop...
EURJPY broke a solid horizontal resistance. Retesting the broken structure, the price formed a tiny horizontal range on a 4h time frame. Its resistance breakout is an important sign of strength of the buyers. A bullish movement is expected to 159.4 / 159.7 levels now. ❤️Please, support my work with like, thank you!❤️
Preferred direction: Neutral Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the...
Preferred direction: Neutral Comment: The US dollar started the week with a correction and against this background, competitors began to grow. Special attention, as always, to the Euro. Here the price will approach the level of 1.06318 in the very near future. There's an obstacle waiting for buyers there. As you can see, the medium-term trend remains bearish....
💬 Description: The dollar , after all, retains the initiative in the market, but its competitors also have mixed success. We will designate this as a success, since intraday movements in favor of competitors are quite significant and for a trader this is a potentially good profit. At the moment, the instrument is creeping up again to the level of 1.05194, ...
#EURJPY good risk reward short this week. Small short for now, bigger drop comes later
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...