GBPJPY: Short Signal Explained GBPJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPJPY Entry - 198.70 Stop - 200.46 Take - 195.79 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals224
GBPJPY Poised to rise furtherGBPJPY Poised to rise further The price broke out of the second intervention zone when the BOJ intervened in the market almost three weeks ago. There is no reason for GBPJPY to move down at this moment as long as BOJ is doing nothing to support its currency. All the JPY trades are showing a win-win game which is getting insane. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 5526
USDZAR long/buyHello Focus of the day is the USDZAR pair. I am looking for a buy in this pair * Ending diagonal (structure) * Expanding flat formed * Liquidity ( equal lows and some gaps taken) * MACD DIVERGENCE * Impulsive move expected Entry :18.00 (ORDER BLOCK ZONE) Stop Loss: 17.42 TP1 : 19.00 (GAP) TP2 : 19.69 (GAP + BREAK OF TOP TO COMPLETE STRUCTURE) Longby PIPPINTRADER8
Could GBP/AUD bounce from here?Price is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.90167 Why we like it: There is an overlap support which lines up with the 50% Fibonacci retracement. Stop loss: 1.89433 Why we like it: There is a pullback support level. Take profit: 1.91494 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
Falling towards 50% Fibonacci support?AUD/USD is falling towards a support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6638 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6593 Why we like it: There is a pullback support level. Take profit: 0.6712 Why we like it: There is a pullback resistance level.Longby VantageMarkets6
GBP/USD Reaches Strongest Level Since March Amid Bullish Moment.The GBP/USD pair gained bullish momentum, reaching its highest level since March 21, surpassing 1.2750 during the early European session on Wednesday. In this area, we have identified confluences between the premium area of supply and resistances, along with a divergence on the RSI indicating overbought conditions. Today, data published by the UK's Office for National Statistics (ONS) showed that inflation in the UK, as measured by the Consumer Price Index (CPI), declined to 2.3% year-on-year in April from 3.2% in March. However, this reading was above the market expectation of 2.1%. The core CPI, which excludes volatile food and energy prices, increased by 3.9% during the same period, exceeding analysts' estimates of 3.6%. Despite this economic data, the price appears to have made a bullish spike in lower timeframes, with a new H4 candle opening with a bearish sentiment. The price may reject the aforementioned area and retrace 50% from the major swing higher.Shortby FOREXN1116
5/22/24 - USDCAD Buy- looking to buy UCAD - on position is long term (aiming for the overall void fill at the 1 & 4 hr supply) - other trade is just for a 1:2 Longby victoriaawUpdated 5
NZDUSD → Trend Change. Consolidation before the impulse FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the support of the range forming above the bearish channel is possible with the aim of further growth. The currency pair has a potential and with the breakout of 0.604 the price may start to realize the accumulated potential and strengthen to 0.608 or 0.617. Resistance levels: 0.604 Support levels: 0.600, 0.5983 Most likely trading inside the range may continue. False breakdown of support and further strengthening to resistance is possible, but further price reaction to resistance will show us the readiness of the market to go in one direction or another. Regards R. Linda!Longby RLindaUpdated 7741
Policy Divergence: BoC and RBNZ Take Opposing PathsGreetings Traders, In today's trading session, our focus is on NZDCAD, where we see a promising buying opportunity emerging around the 0.83500 zone. NZDCAD has been traversing a downtrend but is currently undergoing a correction phase, drawing nearer to the retrace area near the 0.83500 support and resistance zone. Adding depth to our analysis, recent fundamental developments are worth noting. Just yesterday, the Canadian CPI figures came in softer than anticipated. Meanwhile, during the night, the Reserve Bank of New Zealand (RBNZ) issued some notably hawkish guidance. This sets an interesting stage: while the Bank of Canada (BoC) is poised to initiate rate cuts come June, the RBNZ appears to be steering clear of such measures for the time being. This subtle policy divergence introduces a compelling dynamic that suggests NZDCAD may continue its upward trajectory. In summary, the confluence of technical retracement and fundamental policy disparities presents an opportune moment for traders to consider a bullish stance on NZDCAD.Longby JoeChampion6
USDJPY On the H4, USDJPY formed a symmetrical triangle pattern. The price broke above the trend line and is testing an important resistance area. A short-term bullish trend can be expected if the price breaks above the resistance. 🔼 Trade: Buy USDJPY on a breakout above 156.500; 🎯 TP: 158.000;Longby Dee95495
NZDUSD:Hawkish RBNZ and Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60750 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60750 support and resistance area. Last night the RBNZ did consider raising rates which should give a boost to the kiwi meanwhile on the other hand the macro environment of the dollar is soft after the current progression of CPI in the US. Trade safe, Joe.Longby JoeChampion5
EUR-GBPThe eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone, we'll be searching for a reversal candle.Longby Dhareja5
EURUSD We will enter a buy position for EUR/USD in the short term, targeting the ascending channel's resistance trendline. Upon hitting the resistance and showing a bearish rejection, we will switch to a sell position for the long term.Longby forex_info5
USDCAD BULLISHUSDCAD brokeout of the falling wedge which is a reversal pattern. Currently halfway profitLongby VolatilityKIngs116
CADCHF - 2 scenarios ✅Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: As we can see here price is in a range for the last couple of weeks. I have 2 scenarios here, if price rejects from resistance I expect downside move to support, but if price breaks the resistance with bullish candle on daily, I will look for a buy. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD6
Potential bullish rise?GBP/USD has just broken out of a resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 1.2698 Why we like it: There is a pullback resistance level. Stop loss: 1.2635 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Take profit: 1.2797 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci projection. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
AUD/USD Long Setup: Strategic Entry at 0.665We plan to enter a long position on AUD/USD at 0.665, aligning with the 50% Fibonacci retracement level and a previous high, which serves as a robust support zone. As the corrective sequence progresses, entering at this level offers an optimal risk/reward ratio. The bespoke support at 0.665 strengthens our conviction for this trade. Our immediate resistance target is at 0.671, where we anticipate potential profit-takingLongby EleazarahmathUpdated 171722
GBPUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran904
GBPUSD BEARISH TIMECable looks really good for a short trade. It's oversold, below main trendline, and i can see a manipulation short liquidation after a nice range. This could lead only to a drop. I expect a break below short term trendline this week, probably tomorrow, and a bounce once we will reach the support area at 1.245Shortby CryptoForexGem5
DeGRAM | GBPNZD saw in the channelGBPNZD is moving in a descending channel between the trend lines. The past reaching of the channel boundary was accompanied by a sharp decline followed by a reverse sharp move. We think that the pair will continue to decline along the trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM115
EURUSDHello, dear traders, a quick scalp in the 15-minute time frame, take advantage of the 1-minute time to enter. Accept the risk of the transaction and then enter the transaction. #Smart Money concept #Liquidity #currency hunterLongby fereydoon11994
EURUSD IS BACK WITH SELLERS Orders Placed, no pending, all executed in time before the market made an impulsive move to the down side. Aim for a 100% retest zone, then call for buys on corrections, and sell again on impulsive move targeting PSTG 1 & 2Shortby Themba_PM5
EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level.. The chart is moving from the upper boundary of the channel. We expect the correction to continue.. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGrove115