GBPJPY - 24 June 2024An increase in GBPJPY to 205.5 is still possible as long as the price is able to maintain the 197 level. The 205.5 area is the Golden zone of the 3M base.Longby ARMMFX0
I'm looking for potential buy setups.Those who are passionate about trading know that this is a tough business. You have to understand that the predictions people make regarding the price movement directions are based on probabilities. There is no such thing as 100 percent direction in the market and that is because the market can turn against you or your direction any time it wants. The reason doesn't even matter, it could be the news of some geopolitical changes, oil cut production or war, or many other factors that could impact the financial market. If you have one or more good reasons that the price will follow a certain direction all you have to do is to take a small risk entry in your direction with a good risk-to-reward ratio and just wait and see how the market will perform. A trader could have 1 good reason or a few reasons why his bias is up or down. The reasons could be based on particular studies, past behavior, fundamentals, technical analysis, or certain observations. The important part for you to understand is that the market is in a continuously changing process this means that yesterday's prediction, today could be irrelevant. The market does not have to follow your analysis. You have to follow the market, observe its changes, and react accordingly to them! I hope some of you will find this helpful, good luck!by Leorado1
EURUSD POSSIBLE WEDGE PLAYThe pair has been trading inside a wedge on D1 for sometime now. Recently it is now testing the bottom border of this wedge. Will we see the continued wedge play ? Will the price move up from this level ? Please do your own analysis before placing any trades. Cheers and happy trading. Longby FX_Wize110
EURUSD 15 MIN BEARISH FLAGE PATTERNSeurusd 15 min bearish flage pattern Downside tgt are 1.06400 Allmost +500 Pips Lets see whats mkt hpn Shortby Sandeepsingh552
CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.Longby HiteshArora0
Latest technical analysis and trading advice!Hello traders, EUR/USD is holding support, providing us with an opportunity to go long. However, setting stop loss (SL) and profit (TP) levels requires consideration of a variety of circumstances. Scenario 1 - Represented by the blue line in the chart - EUR/USD is currently in the 4th wave, especially the completion of the D wave (from the ABCDE sequence), which requires another momentum wave. In this case, it is expected that there will be another bearish movement (Wave E) before the start of Wave 5. Key indicators for this scenario: If in the last week of June, the price rises without making a new low below 1.065, then it can be bought immediately, at the end of the D-wave, Seychelles is at 1.065 and the lowest is around 1.09. - This scenario is fundamentally more plausible, as the fifth wave is likely to wait for the dollar to weaken in anticipation of a Fed rate cut (scheduled for December 2024). As a result, EUR/USD is expected to remain sideways for some time. - If the price falls below 1.065, then the second scenario should be considered. Scenario 2 - Indicated by the orange line in the chart Eur/USD has completed or is at the tail of Wave 4 (Wave E completion). - This means that long positions can be taken in the hope of profiting from the 5th wave. Key indicators for this scenario: If in the last week of June, the price does not rise and remains sideways at this support level. - The weekly/monthly candlestick line will break above 1.065(but not below 1.06) and close above 1.065 at the end of the weekly/monthly candlestick line. - Buy positions can be established at the beginning of July in order to gain long-term gains through Wave 5, buying at 1.065, last at 1.06, and last at 1.12. - It is important to note that this situation is based on the end of a side wave, so it is not yet fundamentally sound. conclusion - Scenarios 1 and 2 are both bullish and bearish will not be considered unless the price falls below 1.05. - According to the authors, these are the two most likely scenarios, although many others could arise. Updates will be provided based on weekly price movements.by Cretu_Alin0
Next week trend analysis!Hello, trader, According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that the price will cross the resistance range and the continuation of the upward trend will form until the specified resistance levels, then there will be a possibility of a change in the trend.by Cretu_Alin0
SELL IDEA GBP/CHFWe can expect a reaction in the direction of selling from the specified resistance areaShortby Ali-Rezaei-FX220
NZDJPYCrab pattern look for sell opportunities it is align with the weekly bearish shark pattern. weekly resistance zone.Shortby Artchaar_24860
Euro can break support level and continue to decline in channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some time traded near the resistance level inside the seller zone, after which it rebounded from this area and tried to grow, but soon turned around and started to decline inside the downward channel. Inside the channel, the price first broke the 1.0865 level and then fell to the support line of the channel, making a gap also. Then Euro rebounded from the support line and rose to the resistance line of the channel, after which turned around and in a short time declined to the support level, which coincided with the buyer zone with the support line of the downward channel. After this movement, the price tried to grow from this level, but later it turned around and in quickly declined back to the 1.0675 level, where it continues to trades close to this day. So, in my opinion, the Euro can make an upward movement to the resistance line of the channel and then rebound down to the support level. After this movement, the price will break this level and continue to decline inside the downward channel, therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8116
AUD/USD - Waiting for the breakout Aussie is primed to have an explosive breakout in the coming week(s). What will be the trigger for this?Longby wavrunfx0
NZDCAD SHORTSPrice broke Daily Structure making majority of my timeframes bearish, Hence bias Market structure bearish DH Entry at Weekly and Daily AOi Weekly Rejection candles at the AOi Strong Weekly bearish close Daily Rejection at AOi Previous Daily structure point around Psychological Level 0.84000 H4 Touching EMA Candlestick rejection Rejection from Previous structure Levels 4.48 Entry 100% There is a strong possibility price will not retrace to my AOi, I Will monitor and react accordingly but as usual; REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostShortby mobbie_zw111
Bearish outlookPair is bearish and made a correction to retest a strong resistance. I am anticipating a bearish wave to the next nearest structure low.Shortby lvuithau0
EURUSD 240 - Gartley Emerging : 2 days agoGartley Fibonacci pattern identified at 6/21 11:00. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 1.0751 to 1.0652 within the next 19 hours. Expiry Date/Time: 6/24 09:22Shortby ronlobo1
GBPUSD BUY SIGNAL24 - 28 June GU Plan. Confirmation for bullish movement was given out already, our entry point is 1.3634, with our target at 1.292Longby WealthCreationFX2
EURAUD SWING BUYGenerally we should expect some big euro move against the KIWI As price is forming a huge bullish pattern Longby ometacharles1
EURCHF 240 - Channel Down Breakout : 2 days agoChannel Down has broken through the resistance line at 6/21 23:00. Possible bullish price movement forecast for the next 5 days towards 0.9644. Expiry Date/Time: 6/28 14:22Longby ronlobo0
AUDUSD 1440 - Rising Wedge Emerging : 4 days agoRising Wedge identified at 6/19 07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.6808 within the next 15 days. Expiry Date/Time: 7/8 14:22by ronlobo0
Will the central bank of Japan intervene in the market again?📊 Considering that the price is approaching the upper limit of its upward movement channel, if the price fails to break the upward upward movement channel, the price may fall to the range of 158.8 🎯and in the case of the strength of the range of 157.7 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 160.7 units.Shortby arongroups1
AUDJPY 60 - Rising Wedge Emerging : 2 days agoRising Wedge identified at 6/22 01:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 106.54 within the next 5 hours. Expiry Date/Time: 6/23 19:22by ronlobo0
NZDCAD 240 - Falling Wedge Emerging : 2 days agoFalling Wedge identified at 6/22 03:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8363 within the next 17 hours. Expiry Date/Time: 6/24 07:22by ronlobo0
CADCHF 240 - Resistance Breakout : 2 days agoBroke through Resistance level of 0.6524 at 6/22 03:00. Possible bullish price movement forecast for the next 2 days towards 0.6556. Expiry Date/Time: 6/25 14:22Longby ronlobo0