GBPJPYPair : GBPJPY ( British Pound / Japanese Yen ) Description : Double Top as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Resistance Levelby ForexDetective11
Lingrid | AUDCAD in the CONSOLIDATION zoneThe price perfectly fulfills my last idea. It took off and hit the TP. The daily timeframe is showing a bullish trend, with the market consistently updating higher highs and higher lows. FX:AUDCAD has been consolidating within a narrow range of 0.91000 to 0.90500. It recently broke and closed above the significant level of 0.9000. Given this momentum, I anticipate the market will continue to consolidate within this range, with the potential for a bounce off support and an upward move towards liquidity area above the equal highs. Considering the overall bullish trend, it's likely that the price will rebound from the support level and downward trendline. My target is the resistance at 0.90960 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid1111
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 195.147 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals1111
AUDUSD Is Bearish! Short! Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.663. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.660 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider335
📉💪 "NZDCAD Analysis: Seller Weakening and Buyer Presence" 📊🌟💹 Let's kick off the new week by updating our analysis on this currency pair and reviewing our new entry points. FX:NZDCAD 📅 Weekly Time Frame: On the weekly time frame, this pair, like most others, is oscillating within long-term boxes without any specific trend other than ranging. 📆 Daily Time Frame: On the daily time frame, however, we are grappling with resistance levels. After starting an upward trend from the 0.80998 support, we've moved towards the 0.83785 resistance, clearly showing the strength and presence of buyers. After breaking this resistance, we can aim for the next levels. ⏳ Currently, in the daily time frame, we are very close to the overbought RSI zone. If today's daily candle closes above the 0.83785 resistance and RSI closes above the 70 overbought zone, we can expect a move tomorrow. 🔄 Review of Previous Analysis: Before moving to a lower time frame, let's review our previous analysis. We mentioned that after breaking the 0.81502 support line, we could open a short position and expect it to reach the important daily support at 0.80975, which indeed happened. Note that I'm not a fortune teller; I just trade in the direction of the trend, plan my scenarios, and am not fixated on one single scenario. ⏰ Four-Hour Time Frame: On the four-hour time frame, we made a suitable upward move towards 0.83785, breaking this resistance in the previous candle during the London session. We can expect the trend to continue if it stabilizes above this area with a confirming candle or if the RSI enters the overbought zone. 📈 For a long position, we can open it with this space, setting our stop loss at the previous 4-hour low, which is 0.83545. 📉 For a short position, we currently don't have a trigger as the trend in this time frame is upward. However, we can consider scenarios like faking this resistance. If we fake this key resistance in this or the next candle with an engulfing candle, we can go to the one-hour time frame and, upon breaking the first supportive trigger, open our short position. Alternatively, we can be patient; it doesn't matter if we miss it sharply as we would need a break of the 0.83132 support to proceed. 📊 Final Recommendations: Since today is the first day of the week, I recommend waiting for the trend and the US session, and reducing your risks. Also, I hope you have a profitable week ahead :)) 🔢 Support and Resistance Levels: Support Levels: 0.83132, 0.82498, 0.82098 Resistance Levels: 0.84569, 0.85310, 0.86216 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA1133
Lingrid | AUDCHF short term PULLBACKThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCHF is currently trading within a downward channel, having recently formed a new lower low. The price is now approaching the resistance zone and the upper channel border, following a bounce off the support level. I anticipate a pullback and retest of the support level, followed by further downward momentum. This is because the market on the daily timeframes has reached a strong resistance zone, which suggests that the market is likely to continue its downward trajectory. I expect a fake breakout of the resistance zone to occur, allowing the market to grab liquidity above before resuming its downward trend. My goal is the support level at 0.60550 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid5513
If GBPUSD holds above the 1.2700 area, more growth is expectedIf GBPUSD holds above the 1.2700 area, more growth is expected From our previous analysis, the price went up well and the bullish wave was almost 260 pips. So far GBPUSD is pausing before the uptrend resumes again. After the price broke out from a strong area above 1.2700 it looks like the bulls are still holding strong. Chances are higher that if the bulls don't give up this is the moment we could see GBPUSD move higher over the next few days. 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 5517
AUDUSD BUYHi fellow traders, AUDUSD is ready to make a move higher from the blue box after completing the correction. Target the 0.6751 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!Longby OGwavetraderUpdated 556
Comprehensive Analysis of the Gartley Harmonic PatternThe Gartley Harmonic Pattern, a cornerstone of harmonic trading, was first introduced by H.M. Gartley in his 1935 book "Profits in the Stock Market." This pattern leverages Fibonacci retracement levels and geometric price formations to identify potential market reversals, providing traders with a strategic edge. __________________________The Bullish Gartley Pattern___________________ Structure: X-A Leg: The initial upward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: An upward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final downward movement, retracing 78.6% of the X-A leg, marking the pattern completion at point D. Entry Criteria: Entry Point: Enter a long (buy) position at point D, where the price is expected to reverse upward. This is typically the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly below point X to safeguard against unexpected price movements. This minimizes potential losses if the pattern fails. Take Profit: First Target: Place the initial take profit target at point B, the retracement level of the A-B leg. Second Target: Set the second target at point C, the retracement of the B-C leg. Extended Targets: For a portion of the position, consider holding to capture further gains if the price continues to rise. _________________________The Bearish Gartley Pattern_____________________ Structure: X-A Leg: The initial downward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: A downward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final upward movement, retracing 78.6% of the X-A leg, completing the pattern at point D. Entry Criteria: Entry Point: Enter a short (sell) position at point D, where the price is anticipated to reverse downward. This corresponds to the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly above point X to limit potential losses if the pattern does not play out as expected. Take Profit: First Target: Place the initial take profit target at point B. Second Target: Set the second target at point C. Extended Targets: Consider holding a portion of the position for additional gains if the price continues to decline. _________________________Key Considerations__________________________ Precision: Accurate measurement of Fibonacci levels is critical. Even slight deviations can invalidate the pattern. Confirmation: Utilize additional technical indicators or price action signals to confirm the pattern before initiating a trade. This can include moving averages, trend lines, or oscillators. Risk Management: Adhere to strict risk management practices. This includes setting appropriate stop-loss levels and managing position sizes to protect capital. ____________________________Conclusion______________________________ The Gartley Harmonic Pattern is a sophisticated and reliable tool for identifying potential market reversals. By mastering the intricacies of both the bullish and bearish Gartley patterns, traders can enhance their analytical capabilities and improve trading outcomes. Integrating these patterns with other technical analysis methods and maintaining rigorous risk management protocols is essential for consistent trading success. Incorporating the Gartley pattern into your trading strategy involves practice and diligence. Ensure that you continuously refine your skills in identifying these patterns and executing trades accordingly, always mindful of market conditions and broader economic factors.Educationby trading_jupiter225
Cast EURUSD This not Financial Advise Gang. -Overall Daily Trend - If EURUSD respects our Daily trend and do not break out before GDP this Thursday(Iykyk). -It could then continue playing out in the trend -Again, either you make bread with this information or you remain ignorant, Do you gang.Shortby Uncle-TakeProfitt8
GBPUSD H4 | Potential bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2804, which is an overlap resistance. Our take profit will be at 1.2695, an overlap support level. The stop loss will be placed at 1.2891, a swing-high resistance level, above 161.8% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM8
Bullish market during the weakness of the US dollarDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Downside scenario if DXY becomes stronger Longby mehdi47abbasi798
GBPJPY Analysis - Selling OpportunityGBPJPY Analysis - Selling Opportunity Open: 200.30 SL: 201.30 TP: 189.50Shortby ahmedqotb198116
Look UpAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADER223
What I see coming...What I see coming up is sells Here is why I say Soo.... The market is a clear over bearish trend, currently on intraday day time frames it's still bullish, and I am currently waiting for such a set up or something similar to execute my trades. What's the confirmation? Since I see that the market its at a value area (LH) I will wait to see the market to start printing bearish properties and continue until we get a new LL In the overall bearish trend. Use proper risk management let's do the most Shortby Ramokaelo6
BUY EURGBP FOR TREND REVERSAL BUY EURGBP FOR TREND REVERSAL update STOP LOSS : 0.8496 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX7
Corrective sideway patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Double zigzag pattern bearish scenario Longby mehdi47abbasi797
A BEARISH ANTICIPTION ON GBPUSD From the weekly Time frame, GBPUSD has reached a possible reversal point @ 1.2800 and it is characterized with a bullish rejection candle on the 1D Time Frame. Further more, an inside bar was formed around 1.27716 and 1.27664 and a bearish engulfing candle followed by a false breakout, which led to touching the Supply one @ 1.2799 on the 4H Time Frame from the previous day. Shortby Ogyapa7
GBP/USD - Buy zone!Hi there! I'm buying the GBP/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend. If you liked it and want more, feel free to subscribe and Boost the publication! Longby InfiniteY7
NZD/CAD pair for saleClassic and SMART technical analysis data 1- A bearish price channel 2- There are strong display areas 3- The emergence of a negative pattern that supports selling from current regions 4- Saturation in the price of the RSI indicator 5- Strong volume areaShortby ShakerTrading7
USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵 USDJPY broke and closed above a key horizontal daily resistance last week. After a breakout, the market retested a broken structure and started to consolidate. I see a horizontal trading range on a 4h time frame. To buy the market with a confirmation, I am looking for a bullish breakout - a candle close above the resistance of the range. It will give me a strong intraday signal. A bullish continuation will be expected at least to 157.5 level then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader1110
Heading into pullback resistance, could it reverse from here?The Fiber (EUR/USD) is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.0891 1st Support: 1.0806 1st Resistance: 1.0933 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets5
Euro can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price reached a resistance level, which coincided with the seller zone and even broke it, after which continues to grow. In a short time later it turned around and started to decline inside the downward channel, where the Euro soon broke the 1.0870 level again and fell to the 1.0725 support level, which coincided with the channel's support line with the buyer zone. Then price rebounded up to the seller zone, thereby exiting from the downward channel, but soon it turned around and made a downward impulse lower the support level, breaking it. After this movement, the price started to grow inside the upward channel, where soon price broke the support level again and continued to move up. Soon, EUR reached the resistance line of the channel and rose to the seller zone, exiting from the channel, but a not long time ago price turned around and declined to a lower 1.0870 level, breaking it one more time. In my opinion, the Euro can make the upward move to the resistance level and then rebound down. For this case, I set my target at 1.0760 points, which almost coincides with the support level. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8Updated 5568