Yesterday we saw a pullback from the support zone on small time frames. It’s important the movement to continue and manages to break the previous peak. This will confirm the beginning of the upside move and will give a chance for another buys. The important news this week is on Thursday , and there may not be any big moves before that.
🌐 If I had to choose between Euro-Dollar and Pound-Dollar, I'd trade both! However, let's focus on Pound-Dollar for now. On the weekly chart, it's still on a bullish continuation that started earlier than Euro-Dollar. 💹 Lower Timeframes: On lower timeframes, we have a buy zone and a counter-trend trading opportunity. This gives us various entry points for...
US new Jobs data is released every first Friday of the month. The news impact all pairs with USD. We also expect reaction in EURUSD. The preferred entry option is to reach the support zone and pullback. It will give a chance for buy with target, test of 1,1258 level.
🦈📉 Bearish Shark Pattern with RSI Divergence 📉🦈 Finally, the trade I've been patiently waiting for on EURJPY is here! 🚀 This one calls for a shorting opportunity, treating it as a pullback trade, a retracement trade. Now, it's time to keep a close eye on how the market reacts when it reaches our first target at 154.25. 🎯 If the market respects this level and...
If you're planning a trip to Australia in the next few months, consider changing some Aussie dollars now. For counter-trend traders, it's a great opportunity to look for a buying opportunity in the AUD. Let's analyze the charts! 📊 The market hit resistance and is now in consolidation, making it a concern for buyers. The daily chart shows an M Formation, with the...
📈 The Euro dollar has shifted from a bearish to a bullish trend. On the weekly chart, we can see a violation of the previous resistance, indicating the overall trend is now bullish. However, this doesn't mean you can't consider shorting opportunities, just be more conservative with your targets. 🔍 Moving to the daily chart, the bullish trend is evident, and the...
Yesterday, the FED raised rates again by 0.25%. The ECB is due to announce today whether it will do the same by 0.25% Today's news is at 15:15 Bulgarian time, and the press conference 30 minutes later. EURUSD looks like it has already bottomed out and is starting the next uptrend. We are watching for a higher bottom and confirmation of the upward movement.
📈 CADJPY Bullish Bat Pattern 📈 Exciting opportunity on CADJPY! 🦅 A Bullish Bat Pattern is forming within the buy zone. 📊 Conservative traders target 106.79, while adventurous traders set their own targets. Remember to manage risk and stay informed. Follow @raynlim for more trading insights. Happy trading! 🚀
🔰 Pair Name : EUR/CAD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈 EURCAD Technical Analysis Update 📉 Greetings, fellow traders! 🤝 Today, we delve into the technical aspects of EURCAD on the TradingView chart. Over the past year, EURCAD has been maintaining a monthly uptrend since July 2022. However, starting from April 2023, the pair...
Hey traders! 🐻📉 Are you ready for a retracement on the S&P in the 1-hour timeframe? Let's dive into this bearish setup! 📉📉 📈 Bearish Gartley: The price action on the S&P has formed a bearish Gartley pattern, with the price topping twice on point D. This reliable harmonic pattern signals trend reversal with a highly reliable consistency. 🕯️ Bearish Engulfing:...
Yesterday we saw a drop below 1,1100. The next important support is around 1,1000. These are levels we will be looking for buys from, upon pullback. We’re out of trades on EURUSD for now awaiting tomorrow’s news and grounds for entry.
🐻 Weekly Chart: The overall setup on EUR/USD points to a Weaker Bear trend. 📉 This means there's potential for downward movement in the coming weeks. ⏳ Patience is Key: While we wait for the perfect entry point, keep a close eye on the lower timeframes for a shorting opportunity. 🧐 📈 Lower Timeframes: Look for price action signals and confirmation on the lower...
🚨 Attention traders! We have an exciting bearish setup on AUDUSD that you don't want to miss. Our previous bullish setup on AUDUSD was a resounding success, allowing us to secure profitable gains. Now, it's time to switch gears and capitalize on a new opportunity as the tide turns bearish. 📉🦅 The formation of a bearish bat pattern, coupled with two strong...
Yesterday EURUSD reached the support zone but didn’t give a chance for buys. USD interest rates is coming next Wednesday. We often see sideways movements before important news. We’re not looking for new trades at the moment and we’re waiting for the correction to continue.
Yesterday EURUSD headed towards the first support and pulled back. No entry grounds on these levels. Another drop today and pulling back from the support zone will allow buys. The target is breakout of 1,1274 and the SL should be below pullback level. An important news due next week which will cause big fluctuations.
Yesterday EURUSD reached exactly the resistance level 1,1274 and pulled back. We determined the support levels which we will watch for possible buys. The goal is reaching support level and pulling back. This will allow a good ratio entry and opportunities to quickly move the stop on a rise. The support levels we are watching are 1.1170 and 1.1106. For buys,...
Get ready for some action! The USDCAD trade is heating up, and here's why you should be excited! 💪 On the Weekly Chart, a key support level has been broken, signaling a potential trend reversal. 📉🚫 This opens up an aggressive shorting opportunity for traders who thrive on bold moves! 📉💥 The Bearish Shark Pattern has formed at 1.3587, and all signs point to a...
💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're...