As We Talked in The Previous Analysis:
On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466)
The Price Formed a Double TOP Pattern.
-The Neckline is Broken !
So I Predict a Bearish Move 📉
Let's Wait for Retest...
Hello traders ,what do you think about EURUSD? After breaking the support level, this pair is now pulling back to the broken level. After completing the pullback, it is expected to fall to at least the specified level.
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Looking for Impulse Down.
UsdJpy moving down soon. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
Initiating buy trades on EUR/NZD, targeting 1.77100. Anticipating this to play out within a day or two. Remember to apply your own risk management. Personally, I'm using a time-based strategy with a small position. If the target isn't hit in two days, I'll exit. Stay tuned for updates. 📈🇪🇺🇳🇿 #ForexTrading #EURNZD
Dear friends, I still maintain the view of yesterday. The evidence is that a USD discount channel continues to strengthen so it will not be surprising if the price continues to decrease with the expected reduction of 1,2500
Hello Traders !
On The Daily Time Frame, The EURUSD Price Reached A Strong Resistance Level (1.10356 - 1.10045).
Currently, The Price Failed To Create a New Higher High.
The Last Higher Low is Broken (ChoCh).
So, I Expect a Bearish Move📉.
i'm waiting for retest...
Hi team, We are here to update our analysis about EURCAD.
EURCAD was in a strong uptrend from so long, it has done the change of character pattern and it takes turn from the top Order Block, we can see a massive bearish move from this setup guyz...
with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price...
Hi team, We are here to update our analysis about EURUSD.
EURUSD was in a strong uptrend and formed an another accending triangle. Now it breaks down and reached on major support level, where we can see a possible pull back to upside.
Be make sure to enter in trade after confirmation in the LTF traders....
EURUSD continues to decline and has not found any support level to reverse its direction. The nearest support level for this currency pair is at 1.076.
If the price takes advantage of the opportunity, it may potentially return to the 0.5 - 0.618 Fibonacci retracement level. On the other hand, the price could potentially drop even further to the level around 1.070...
The EUR/USD pair analysis suggests a stronger U.S. economy with higher GDP growth (4.9% vs. -0.1%) and greater consumer confidence (61.3 vs. -16.9), coupled with lower unemployment (3.9% vs. 6.5%) compared to the Eurozone. Despite the Eurozone's positive trade balance and slightly lower inflation rate, the higher U.S....
Here is my GBP USD trade set up.
GBP USD has broken a major support level, now waiting for the retest of the broken support level to enter sell position base on candlesticks confirmation patterns at the retest.
W1 - The price has corrected by more than 50% from the impulse of the 1st wave, which may indicate the potential beginning of the 3rd wave, globally the target is level 161 1.13503.
D1 - The price has formed a 3-wave structure and broken through the trend line; sales can be considered with global goals for W1. For D1 the global levels will be...
Resistance being respected.
Double top formation at the resistance.
Lower low and lower highs.
Trend line support has broken.
medium support is broken.
Evening star candle/dark cloud candle in 4 hr time frame
Trade plan bias short @ 147.058
Eurusd has formed a 3 wave pattern and we are now in the pull back phase.
I will be personally looking for buys around the phycological 1.7000 mark where we made a new high in the daily timeframe.