Looking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always. GBPAUD Sell/Short ENTRY: 1.93072 TAKE PROFIT: TP 1: 1.89317 TP 2: 1.86379 SL:...
A rallying USD is putting ample pressure on Euro futures. Now that we’ve broken trendline support, it appears that we’re in the midst of a steeper correction. How low can the contract go? Technical Outlook : Euro futures trended higher for the duration of Q4 last year, with trendline support dating back to November first. Weakness in the USD, and favorable...
OANDA:USDHUF SAXO:GBPHUF FX:NZDCHF OANDA:USDDKK OANDA:GBPPLN FX_IDC:USDPLN FOREXCOM:USDRON FX:USDSEK OANDA:USDCZK OANDA:FR40EUR HOSE:VNM
NZDCAD is trading within a wide horizontal range. After a test of its resistance, the price formed a head and shoulders pattern. I believe that consolidation will continue and the price will most likely drop to the support of the range. ❤️Please, support my work with like, thank you!❤️
Hi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the...
Hi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area....
Fighting inflation is hard. Hence, central banks are data dependent while calibrating rates. Continuing geopolitical conflicts puts Europe at risk of inflation relapse. Headline numbers can be misleading. Central bankers will dig deep. Deeper analysis will compel investors and policy makers to rethink and recalibrate interest rate calculus. This paper unpacks...
It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue...
Open Trade Journal 10 | 49-6 ETHUSD Dec 16 W *********************************** 5/8 - 62.5 % - Dec 17 W *********************************** BTCUSD Dec 18 W *********************************** 4/4 Dec 18 2023 - Clickity-clank title *********************************** Dec 18 - UK100GBP W *********************************** Dec 19 USDZAR W GBPSGD L CADSGD W...
FX:USDZAR OANDA:GBPSGD OANDA:CADSGD FOREXCOM:USDRON FOREXCOM:EURMXN OANDA:GBPZAR OANDA:EURZAR FX:GBPUSD OANDA:USDDKK OANDA:USDCZK FX:USDCNH OANDA:XPTUSD OANDA:XAUUSD FX_IDC:USDPLN OANDA:GBPPLN FX:CADJPY OANDA:NZDJPY
1H - The hourly timeframe is in a short context, and we have repeatedly confirmed the order flow. I consider the SSL as the invalidation point for the entire process. Until the target is reached, I plan to consider exclusively short positions, provided the short trend continues.
Hi Traders, EURUSD Very Bullish heading towards the 1.1500, as per my analysis its in the Swing ABC pattern expecting the below prices. SL: 1.0913 E: 1.1019 TP1: 1.1288 TP2: 1.1444 Note: This analysis is for strictly education purpose only. Disclaimer: Trading Risk is the subject to market conditions. Trade safe with proper Risk Management. Happy Trading.
EUR/USD Pauses in Holiday Hush: Technical Analysis Points to Bullish Continuation As the last week of 2023 unfolds, the EUR/USD pair finds itself meandering within a narrow range during the early European session on Wednesday. The subdued market activity is characteristic of the holiday season, contributing to a quiet trading session. Currently hovering near...
continue to consider short positions for the pound, aiming for a continuation of the movement. The only entry point at the moment is working from the Asia high.
EURNZD looks like a clear indicator on the daily for a nice day trade/swing trade set up. It has bullish momentum potential since the supporting trendline indicates a set up for a swing upward for the next few weeks. Please look below for a full breakdown analysis of EURNZD and any pairs you may request for us to analyze. Thank you!
#EURUSD Euro, unlike the pound, is still in a long context. In Frankfurt, we got an imbalance break below. As long as we are above SSL, I will only consider long positions. The main target for the day is PDH.
Hi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are...
USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4...