This is a sell setup in the EURUSD. Reasons A rejection of the downward trend line A rejection of upward channel I am expecting a breakout from the upward channel and a retest of the trend line before selling.
This is my Intraday analysis on EURUSD for 7 May 2024 W19 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Today's sentiment for EUR/USD pair is shaped by pivotal occurrences from the previous week. The release of weaker-than-anticipated Non-Farm Payroll (NFP) data...
#XAUUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is breaking the rising Wedge. Almost breakout done. We can see drop here upto 500Pips+ in coming days.Keep in touch we will update further soon.
Hey team hope you all are enjoying our ideas and analysis. Now we are here to update about GBPUSD. GBPUSD is breaking the main rising Wedge Pattern. This ready for a good brearish move. In this move we can see drop upto 100Pips+. Keep in touch we will update further soon.
Preferred direction: BUY Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair. Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall...
Preferred direction: Neutral Comment: Metals , for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869 , where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1) . An alternative...
EURUSD trended lower on Thursday after an unsuccessful attempt to clear the resistance at 1.0725, with prices moving back towards the 1.0700 handle. Traders should closely monitor this support area in the coming days, as a break below it could trigger a pullback towards 1.0645 and potentially even 1.0600. In the event of a bullish reversal from current levels,...
6th May DXY: Currently consolidating slightly above 105, needs to break 105 support to head down to 104.60. NZDUSD: Buy 0.6025 SL 25 TP 50 AUDUSD: Buy 0.6670 SL 20 TP 55 USDJPY: Test and reject, Sell 154 SL 30 TP 200 GBPUSD: Buy 1.2643 SL 20 TP 60 EURUSD: Buy 1.0805 SL 25 TP 65 USDCHF: Buy 0.9025 SL 30 TP 115 (confirmation for big upside is above...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About PHB (Update) The Trendline Breakout Has Done In 12H Timeframe✅ Expecting Massive Bullish Wave In Coming Days✍️
the price is moving in two nice down trendline and inner and outer. in the inner the price touched the trendline and also 71% fib level so we can enter sell trade now
The Fiber (EUR/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 1.07298 1st Support: 1.06919 1st Resistance: 1.08100 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...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About ROSE (Update) The Descending Channel Formation In 1D Timeframe✅ In Case Of Successful Breakout Expecting Massive Bullish Wave✍️
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0784 Bias - Bearish Safe Stop Loss - 1.0825 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0726 About Used Indicators: For...
Consider a risky long position as we approach the top of a bearish channel, typically a prime spot to go short. However, there's potential for a long opportunity, albeit with reduced risk. Keep an eye on the 1.0730 level, as a break below could change the bearish outlook.
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the...
EU is continuing its bullish trend after the open on Sunday. I'm only looking for a small amount of Risk to Reward since there usually isn't much activity on the FX market. My entry is off the bullish trendline found in the 4hr chart and it's also right above 4hr FVG so it has a great Stop Loss placement under that FVG. My Take Profit is in the 1.0800, right where...
The EURUSD pair gave us an excellent pull-back buy entry last week (April 30, see chart below) and has almost reached our 1.08300 Target, which was the 0.618 Fibonacci retracement level: We now turn bearish as not only is the price near the 0.618 Fib but also hit on Friday and gor rejected on the 1D MA50 (blue trend-line)/ 1D MA200 (orange trend-line)...
Hello all dear traders! On the news impact : EUR/USD continued to rise on Thursday as the prevailing positive sentiment in the markets brought support to risk-sensitive currencies such as the Euro. This improved risk appetite can be attributed to dovish comments from Federal Reserve Chairman Jerome Powell on Wednesday. It is currently trading at 1.0717, but...