EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
This is my Weekly analysis on EURUSD for 13-17 May 2024 W20 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart Analysis Daily Chart Analysis 4H Chart Analysis Economic Events for the Week Market Sentiment The narrative surrounding the monetary policy divergence between the Fed and the rest of its G10...
Price has reacted off the resistance level which is a pullback resistance and could potentially drop from this level to out take profit. Entry: 1.07879 Why we like it: There is a pullback resistance level. Stop loss: 1.08123 Why we like it: There is a pullback resistance level. Take profit: 1.07289 Why we like it: There is an overlap support level which aligns...
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming...
1W - the weekly timeframe is in a short context. It would be desirable to see liquidity withdrawal around 1.088 to confirm the short order flow. Also, if the price closes above 1.088, the context will change to long. However, the main target remains at 1.045.
EURUSD is in a downtrend channel on the daily and weekly timeframe. Double top pattern was broken and retested at its neckline which also is a strong resistance supply zone at area 1.10. The next target is a possible retest of the upper down channel at area 1.09 before a drop to the next supply support zone at area 0.85 which will be confirmed after break and...
Starting off this week with euro to the USD I'm looking at a similar scenario from last week where we had a bullish range which held up and followed through into the last session of last week so starting this week I'm expecting the bullishness to continue and for this range to hold. We have a bullish internal range which I am looking for price to run lower. before...
The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2: The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg...
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
Welcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!
1H - locally in a short context. It's important to observe the formation of the Asian session on Monday, as it will help determine the context for the day.
1M - the monthly timeframe is in a short context. The invalidation point of the context is at the 1.16 mark. Until this level is confirmed, we remain in a short context. The main target is 0.94.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
Hello TradingView Family / Fellow Traders, EUJPY is currently approaching a massive supply zone marked in red. For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed. Meanwhile, EURJPY would be bullish short-term and can still trade higher. 📚 Always follow your trading plan regarding...
The next move for gold hinges on the unemployment news of Preliminary UoM Consumer Sentiment. Any breaks above or below 2320 or 2303 respectively indicate a continuation of the trend. Consider entering after a breakout or on reversals.
Two scenarios: If the composite index level based on surveyed consumers favors USD or remains normal, we'll follow the red path towards the bottom of the bullish channel. If any announcement exceeds 77, there's a possibility of breaking below the bottom of the channel. The dotted green path is in case of any surprise gains for the US dollar. In that scenario,...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...