USDJPY is going to a market structure bearish movement. if it continues to sell. I'll add more TP'S. My analysis also works for the daily timeframe as well. REMINDER: Always take profit/partial profit at TP1. Price usually returns back to entry to fill the fair value gap, then take off!
Good evening FX traders, wishing you all a profitable week as always. EUR/USD has been making lower highs in the daily timeframe. We can observe price is under pressure under the 5-month resistance from which we hope we can enter a short position with the targets as seen above. **This is just my forecast based on my own interpretation/analysis, you are not...
Good morning traders, this time we want to show you our long-term analysis in USD/CHF, since it is about to reach the bullish target that we raised a few weeks ago. 🔸As we can see, the price had been in a downtrend for almost two years, until strong demand was found in the support zone. 🔸From there, at the beginning of this year, the price started an upward...
Hello Traders ✔EUR/AUD Is Bearish and has still proven to be totally BEARISH ✔Price Is Respecting Broken trendlines leading to the downside ✔Strong Support zone needs to be broken for confirmation ✔RSI is in the bears position and is pushing towards the downside 1900 PIP Analysis
In this setup, we see what may be termed as a break out from a channel to form a larger expanding flag to the downside. We'll take advantage of the 'patterns inside of patterns' to highlight short opportunities on this pair. Set your pending orders below and stop loss as per your strategy. I'm taking on short opportunities on the GBP pairs for this week. Comment,...
Gold H4 Fast approaching that 1738 price we rejected nicely. Strong supply zone when has held comfortably. Would be an absolute sniper entry to see something like this unfold. Also looks like an inverted exhaustion pattern, so a break above 1740 could be a break of resistance/supply and we could maybe scout longs upon a retest. Early doors still so lets see...
NZDCAD H4 Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R. A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's...
OANDA:USDJPY Focus Sell see more on chart! *This is just my opinion, It may be wrong or right!
LOOKING TO SHORT THIS PAIR AS WE CAN SEE A CLEAR BREAK OF MARKET STRUCTURE
NZDCAD H1 Pinned into support but not quite in to the mean of our support range, took off with no turning back (other than the volume dump we saw across most NZD markets). Resistance/TP was pinned and instantly saw market corrections. Possible structure break with a retest due, not overly fond of trading against the NZD so would really like to see lots of...
SELL entry setup based on channel breakout after continuation. SELL after breakout and 15M candle close underneath. Watch for: 1- Currency cycling 2- Currency strength 3- Moving averages crossover on 30M and 1HR 4- MACD + Trend Meter change 5- Pivot points 6- Fibs
EURAUD H4 Another setup to compliment EUR shorts, eastern pairs are on fire at the moment, NZD and AUD. Possible pullback to retest the underside of the structure break before selling off further. 1.56 whole number support is now being used as resistance. Down-trending nicely. Something we could possibly scout out, EURAUD also dipping downside.
EURCHF H4 USDCHF selling off looking to break the 0.89 support we were following, downside on EURCHF has been broken and fresh lows have been set. Currently retesting the underside of the structure break as indicated, we don't tend to buy and sell unless it's from a major zone (red boxes). So this is something we will just observe from the sideline.
If you have another opinion, I will be happy to comment below. Thank You
Hey guys hope you are all well! I have a nice clean GJ set up here ready to start the week strong! Strong support identified on the Daily timeframe @143.00 Intraday support formed on the 1H timeframe @144.300 Range identified on the 1H / 30 minute timeframe. On Friday last week, the daily candle closed bullish. Price reached 144.900 before starting to reject...