TheRavensForex

TheRavensForex Updated 

The CADCHF has formed a higher low with a trendline breakout at the yearly rejection zone. There is a high probability that it will retrace back to the previous consolidation zone, making it a perfect swing trade opportunity. We can begin building some buy orders at this point.

TheRavensForex Updated 

URCAD has formed a rejection on the 4hr chart after it swung up and formed the 3rd wave. Once it breaks the current 1hr uptrend line, it will confirm a downtrend and potentially move down to the previous major support area of 1.42500.

TheRavensForex Updated 

We have noticed that GBPJPY has formed its third bearish wave with a huge daily pinbar. We predict that once the current structure is broken by a 4hr bearish candle, there will be a high probability for the price to drop to the 161.248 area. We will wait for the formation of a 4hr bearish candle before entering this trade.

TheRavensForex Updated 

The EURJPY has broken its previous support and has created a lower high wave for its bearish channel. Upon the opening of the Tokyo session, it also formed a rejection candle by retesting the previous resistance zone. This suggests that the pair is likely to begin dropping soon. Although the market is in our favour, I am still hoping that it could retest the FIB...

TheRavensForex Updated 

EURJPY has confirmed a break of its bullish trendline. It is advisable to wait for a retest of the trendline as there is a 4hr pinbar formation beneath it. Additionally, we should look for a lower high wave forming a parallel channel for the entry, check it in the London session. Click the rocket if you like my idea :)

TheRavensForex Updated 

EURAUD has formed a 1hr pinbar and completed its FIB 0.5 retest. Currently, there is a clear range that will be established once the 1.57700 area is broken. We predict a high probability of the price reaching the 1.5700 area.

TheRavensForex Updated 

The uptrend channel of USDJPY has finally been broken, marked by the formation of a high volume bearish candle that retraced to the FIB 0.5 zone and formed a lower high wave. Based on these indicators, we anticipate a drop in price to at least the 135.80 area.

TheRavensForex

EURAUD has formed a 4hr pinbar in a major resistance zone, and the small uptrend trendline has also been broken. As a result, we expect the price to drop to at least the FIB 0.5 level. I recommend setting the stop loss at the tip of the previous pinbar.

TheRavensForex Updated 

GBPJPY has completed its retracement at the FIB 0.618 zone and formed a lower high within a downtrend channel. Based on this, we anticipate that the price will decline towards the 161.100 area, which was previously rejected by a candle.

TheRavensForex Updated 

Last week EURJPY formed 2 4hr pin bars, which were followed by the breakout of the neckline on the 15m chart. Based on this, we anticipate a retracement and a potential downtrend in the pair today.

TheRavensForex Updated 

EURAUD has broken through the pennant pattern and continues to fall, we anticipate it will reach the next support level.

TheRavensForex Updated 

GBPAUD formed a double bottom formation, characterized by a high-volume bullish candle. This could potentially indicate a retest of the previous resistance level and a high probability of forming a reversal wedge, ultimately leading to a breakout above the major trendline. In this scenario, we have established both a short-term and long-term target price.

TheRavensForex Updated 

Swung back to the buying range and broke the small trendline and will be formed another wave to test the previous resistance, we expect it to break the big trendline and reverse the trend.

TheRavensForex Updated 

The JPY pairs have recently entered a bearish trend and USDJPY has received high volume pressures due to today's news. I expect it to start moving today and perform a similar outcome to EURJPY. There are two different entry options with different risk levels. The first option is to enter now and risk 0.5% with a tight stop loss. The other option is to wait for the...

TheRavensForex

This is an update on our previous post about USDJPY. The price has moved as we expected and reached the golden spot, making it a potential entry point for traders with a tight stop loss. Our initial target for this trade is the 135.280 area, with a further decline to the 134.150 area expected eventually.

TheRavensForex Updated 

EURJPY experienced a significant rejection at a major price level and retraced back to its previous consolidation zone. There is a risky 0.5% trade entry opportunity currently available, and if the consolidation zone is broken, a potential golden 1% risk entry could be formed.

TheRavensForex Updated 

USDCHF has broken its major trendline and completed its retracement, and is currently building an uptrend channel. We expect it to continue shooting up shortly.

TheRavensForex Updated 

EURUSD has formed a daily pinbar and a 4hr pinbar, which caused it to break the major trendline and begin a downtrend. After multiple attempts, we can see that there is a high chance for it to drop to the next major support with a previous clean candle.