EUR USD - PRICE HAS TO TAKE A SUPPORT AT 0.5 FIB LEVELEUR USD small sell entry to the 0.5 level fib marked price on chart, price will be take support, follow for more live updates...Shortby FOREX_TRADER_007Updated 242424
You should still prioritize buying EURUSDHello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level. Confirmation of the trend change would be consolidation above the 1.0750 price level. By observing the chart, we can clearly see EUR/USD reached the 0.618 Fibonacci retracement level and found support there, with the 34 and 89 EMA converging at this support level. Therefore, in the near future, I still prioritize buying according to the trend. It is expected that this increase will reach 1.1079Longby IAm_Ryder7715
EURUSD continues its uptrendDear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range is 1.0940. Longby ConanForexUpdated 7714
HelenP. I Euro can correct to support level and continue to riseHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time traded near support 2, which coincided with the support zone and then rebounded down to the trend line. After this movement, the Euro turned around and in a short time rose from the trend line to support 2, broke this level and made retest. Then the price made movement up, after which made a correction to support 2 and then continued to grow. Euro reached support 1, which coincided with the resistance zone, broke this level and some time traded higher even the resistance zone. Later EUR fell to the trend line, which rebounded and backed up at once, but soon it turned around and made an impulse down, thereby breaking support 1 with the trend line too. After this move, the price turned around and in a short time rose to the resistance zone, breaking support 1 one more time, and just now it continues to trades in the resistance area. For this case, I expect that EURUSD will make the little move down to the support level and then rebound up to the trend line. Then, the price can break this line and continue to grow, therefore I set my goal at 1.0915 points. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen5513
GBPJPY 197.00 incomingI think gbpjpy is about to pivot and we will soon see 197.000 on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern.Shortby nejc.urankar.12213
Lingrid | AUDUSD target for SHORT PositionThe price perfectly fulfilled my previous idea. It went up and hit the target. FX:AUDUSD has recently formed an equal low, followed by a bounce off the support level, which is now being tested against the resistance and upward trendline area. On the daily timeframe, we can observe that the market briefly dropped below the significant level of 0.66500, which has acted as both a strong support and resistance zone in the past. This suggests that the bears are currently in control, as they have managed to push the price below this level. On the 4H chart, the market appears to be ranging, with the price pulling back after an initial impulse leg. With bearish momentum building, I expect a test of the support level in the near future. My target is 0.66075 support level. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid131323
GBP_CAD LONG FROM SUPPORT|LONG! ✅GBP_CAD is going down to retest a horizontal support of 1.733 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.745 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx223
NZDJPY POSSIBLE SHORT TRADEThe pair has been trading in a bullish trend for some time. It recently got rejected from a strong resistance zone and now looking to retest the same zone. If the price will be clearly rejected from that zone, I'll be looking for short trades. Please do your own analysis before placing any trades. Cheers and happy trading.Shortby FX_Wize997
EURUSD downtrend continuesDear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and sell-off. I expect that after a recovery and testing the liquidity of the market, the price will decrease. This decrease is expected to reach 1.0790 and 1.0755 at least.Shortby ConanForexUpdated 181842
EURUSD Bullish Boomerang Trend Continuation EntryEURUSD Bullish Boomerang Trend Continuation Entry looking for trend to continueLongby Mazharghouri114
EURUSD continues to target 1.1000Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.Longby IAm_RyderUpdated 121225
AUDUSD There's still space for growthGo higher. The rationale behind : 1. Sentiment on open positions of retail traders 2. Data from the latest COT report on positions of major players 3. Cumulative metrics of technical indicatorsLongby ClashChartsTeam113
USDCHF - Divergence - Heikin Ashi - Long1. Market Analysis: Asset: USDCHF Timeframe: 1-hour Pattern: Bullish divergence identified Candle Type: Heikin Ashi 2. Entry Criteria: Divergence Confirmation: Identify bullish divergence on the 1-hour timeframe using indicators like RSI or MACD. Bullish divergence occurs when the price forms lower lows, but the indicator forms higher lows. Heikin Ashi Confirmation: Look for the formation of the first green Heikin Ashi candle after the bullish divergence is identified, indicating a potential reversal and trend change to the upside. 3. Trade Setup: Entry Point: Place a buy order at the close of the first green Heikin Ashi candle that confirms the bullish reversal. Stop-Loss: Set the stop-loss order below the low of the most recent swing low or below the low of the green Heikin Ashi candle that confirms the reversal. This helps limit potential losses if the price reverses. Take-Profit: Determine your take-profit target based on a risk-reward ratio of either 1:1 or 1:2.Longby MAAwan113
A B( triangle) then c wave for 2?I like this setup on a low risk sale at 10920-50… see if it plays out. Shortby mrenigma112
EURGBP EURGBP broke LH it can bigger reversal . AS it has divergence and trendline broke Seasonals are also bullish Longby onlysignals111
USDCHF WILL EXPLODE BUYManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB555
EURNZD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran90222
USDCADUSDCAD. I marked the previous year high/low, price will always retrace above or below the open/close that created that high previous open/close. If price does that and respect it, I do the same thing on current year low and same thing on current month low. I will upload a video to explain better.by nilotraderfx111
GBPAUD forecastThe Bank of England (BoE) has been maintaining a restrictive monetary policy stance with the Bank Rate currently at 5.25%. This policy aims to bring inflation down to the target of 2% sustainably over the medium term. Despite a significant decrease in inflation from its peak, the BoE remains cautious and indicates that monetary policy needs to remain restrictive until inflationary pressures are fully under control. However, recent economic forecasts suggest that the BoE might begin cutting interest rates as early as June 2024. This expectation arises from the rapid decline in inflation and the UK's economic struggle, necessitating a potential loosening of monetary policy to support economic growth . The Reserve Bank of Australia (RBA) has kept its cash rate at 4.10% and has been cautious about further rate hikes, emphasizing data dependency in its decisions. The RBA aims to manage inflation while considering the economic impact of higher interest rates on growth and employment. by Nepalkoraja111
EUR/USD possible short scenario(5/31/2024)We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets117
AUDUSD : CHANNEL PLAY ???The pair has recently been trading inside a bullish channel. It recently tested the support border of this channel which confluence with the key support zone. From this level, the price moved up and now testing another key structural zone. If clear violation of this level, looking for local long positions. Will this trend continue ?? Please do your own analysis before placing any trades. Cheers and happy trading.Longby FX_Wize222
GBPAUD long outlookon this trade am looking to go long. why because the market structure is bullish on the 4h timeframe. Will wait for extra confirmations on the ltf once market tap into my demand zoneLongby oskarmini110
USDCADUSDCAD. I marked the previous year and high, Price will always retrace back to the open/close. If you mark the previous high and go to the weekly time frame, marking that open and close that formed the previous weekly high, you can see that price retrace above open/close and drops from there. Thats a bearish scenario. Same thing happened this year, price created the current year high and retraced above open/close, thats second bearish scenario. I expected price do the same thing this month, to retrace above the open close on that daily candle that created the current monthly high. Once price retraced above e left a rejection + OB, I left a sell limit for price to retrace back mitigate that zone and drop.by oliveiradanilo111