We have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up.
A nice point of entry would be around @144.000,...
gbp is consolidating and yen is gaining strength as of now. I expect this suport to be broken through with ease. and for price to consolidate at new lows. (around my target.)
Euro is bullish even after the news compared to pound. Eurgbp will reach highs soon. Price is seen retesting for support. If it rejects nice I will be taking a long position.
eurjpy has been stuck in this area for a while now. I am seeing this as an opportunity to buy longs as it has not even tried to move lower. This is clear price rejection of the downside. Euro is bullish, and the yen is bearish. This will be a long term trade. COT reports agree :)
Price is at a nice demand zone for a possible teacup on EurCad. Waiting on confirmation to place long order for 70-125pips profit with minimal stop loss to maximize risk to reward.
Based on technical factors there is a Sell position in :
📊 USDCHF
🔴 Sell Now 0.9198
🧯 Stop loss 0.9325
🏹 Target 1 0.9120
🏹 Target 2 0.8905
💸RISK : 1%
We hope it is profitable for you ❤️
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Looking at eur/gbp on the Daily and im just seeing a Very Bearish scenario play out...
let me know your thoughts on this potential set up down below!! :-)
Trading is risky and you should never trade with money you cant afford to loose 100% of!
Disclaimer- information shared is for demo and Educational purposes only!!
🔰You can see the analysis of the British pound to Australian dollar currency pair in the time frame of one hour (GBPAUD_ 1H) 🔍💰
🌟Considering that the price has been able to break the Down trend line🖤 and is pulling back to it, if the price can reach the DEMAND zone, it can rise up to the SUPPLY1 zone 🔺🚀
Do you think this analysis can be profitable🧐❓
I hope...
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
Looking here at chf/jpy im anticipating price to continue in this downward direction and at minimum retest previous support area, Now price can break and continue down to go create a lower low, it would be recommended to take partials and move stops into Profit when trade is running 45+pips
Disclaimer- information share is not investment advice, i am simply...
#AUDNZD H4
#Forex
The price in this currency pair has broken the support of the descending triangle pattern, and the possible price target of this currency pair is the descending triangle pattern price of 1.06578.
price 4H timeframe bullish structure move, followed by a lower timeframe bearish corrective move which brought price close to static support area and shows price intention of more upside move.
for taking a buy position we need:
1- price tap into the supporting area
2- see some bullish move in form of engulfing candle which shows that buyers are in the market.
3-...
