USDJPY is trading within a local horizontal consolidation range on 1H.
The price is stuck between 104.1 resistance and 103.5-103.65 support.
This morning the resistance of the range was reached and on that, the price started to reverse.
With the last strong bearish hourly candle, chances are high that the price will...
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🟢 Forex Pair :
AUD/CAD
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been following a strong uptrend,...
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🟢 Forex Pair :
AUD/CHF
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been following a strong uptrend,...
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🟢 Forex Pair :
GBP/USD
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been moving following a strong...
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🟢 Forex Pair :
GBP/CHF
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been following a clear side trend,...
AUDJPY Analysis: Price created a double bottom and bought from support zone 79.560. Expect AJ to continue buying towards resistance zone 80.827 long term H1 Timeframe.
We can see that the Dollar is still not strong as we needed, and after analysing COT data, we might wait more 1 or two months to enter in BUY positions on USD. Don't look for shorts, it will only have shorts in lower timeframes.
For now, after analysing GBPUSD in M/W/D timeframes, its clear that the price is still bullish, probably looking for the liquidity zone...
GBPJPY - As per the price action & daily chart patterns it is expected to go down from here.
My approach will be a sell here at current price 141.650
Maintain Stop loss around 142.050
Potential downside target 140.700 - 140.200
Trade as per your risk appetite, I will be glad to see your likes & comment.
Why you should follow this tradingview account ?
Managed...
EURUSD - Intraday - We look to Buy a break of 1.2183 (stop at 1.2159)
Daily signals are mildly bullish.
A break of 1.2180 is needed to confirm follow through bullish momentum.
We expect a reversal in this move.
Short term RSI has turned positive.
Pivot resistance is at 1.2272.
Our profit targets will be 1.2253 and 1.2297
Resistance: 1.2180 / 1.2200 /...
Overall, I believe the price is moving towards the 1.19 area and now we’re seeing a pullback and further bearish continuation.
However, the correction is not over yet and only a breakout of 1.213 zone, my targets will be: 1.2078 and 1.1950.
If you have a different view, please share, I would love to hear your analysis.
USDCHF - Intraday - We look to Buy a break of 0.8931 (stop at 0.8908)
Pivot resistance is at 0.8920.
A break of bespoke resistance at 0.8920, and the move higher is already underway.
There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Short term oscillators have turned positive.
The bias is to break to the...
EURUSD broke that ascending channel and create a new downtrend and it still continue by broking support (1.21700). Now I think it can test our second support (1.20500) and bounce back towards up. If our support(1.20500) denial then it move towards second strong support (1.19600) which previous act as a strong resistance and consolidate there before making new...
Bearish momentum can be seen with this impulse move downside. As prices are pulling back, giving us an opportunity to take a SELL entry at a resistance area. Look for rejections or bearish price action at the resistance level before taking the trade.
I think GBPUSD check previous resistance(1.3600) now turn support line and continue it journey towards our target resistance (1.3800).
See my previous analysis.
If it do something different or fail our analysis then I will update you.
If you agree then like idea and support...
AUDJPY H1 - LONG
Prices made a huge push phase due to the rally from JPY pairs and now moving sideways. We can expect a consolidation over here and be looking to catch a retest onto the previous structure for a LONG position towards the next resistance area. We'll place a BUY LIMIT ORDER at the neckline structure.
Strong push phase in the market, where prices starts to be in line with the overall bullish trend . Although we have an immediate bearish move, prices failed to break our support area and made a bullish rally.
I see that there might be a shift in the market even at it was predicted previously to the downside. I also think that once price get's to the BSL area, retail traders will be stoped out for institutional traders to pile up sell orders which makes us know we're actually safe to enter the market. I think there will be a drastic return to fill the FVG and also the...
