UCAD FOR BULLISHBe patient as the market fooling us hahaha. Let see if this structure can give me some money. Last week gained 100 pips and decide to close all entries before news. I still at the bullish side.Longby ewtradersbhUpdated 446
You should still prioritize buying EURUSDHello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level. Confirmation of the trend change would be consolidation above the 1.0750 price level. By observing the chart, we can clearly see EUR/USD reached the 0.618 Fibonacci retracement level and found support there, with the 34 and 89 EMA converging at this support level. Therefore, in the near future, I still prioritize buying according to the trend. It is expected that this increase will reach 1.1079Longby IAm_Ryder8822
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair: Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line. Price – holding above the Kumo cloud Chikou Span (Lagging Span) black line is holding above price and the cloud. Kumo Cloud now – green color indicating bullish bias. Kumo Cloud future – green color indicating bullish bias. Thursday candle - hammer For stop, I will be trailing it below the Kijun sen. Target should initially be just below the recent (spike) multi-year high at 117.330. My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! Longby Trading_Vista334
NZDUSD MARKET LONG TERM SUPPORT LEVELIt looks like you are observing a bullish trend in the NZD/USD currency pair, with the market bouncing off a support level. Here's a more detailed breakdown of the scenario: 1.Current Price Movement: The NZD/USD pair moved up from a price of 0.61436 and touched a support level at 0.61700. 2.Support Level: A support level is where the price tends to find support as it falls. This means the price is more likely to bounce off this level rather than break below it. 3.Bullish Indication: If the market respects this support level and continues to move upward, it indicates a bullish trend.Longby MrCharlie11121
USDCADUSDCAD. I marked the previous year high/low, price will always retrace above or below the open/close that created that high previous open/close. If price does that and respect it, I do the same thing on current year low and same thing on current month low. I will upload a video to explain better.by nilotraderfx111
USDCHFUPDATE: Price still stalls around the 0.236 fib level/support, rejecting and failing to break below it. But for how long can it hold? Market structure looks much clearer now with somewhat a Double Top pattern (completion of wave B and wave C in progress). I still have a bearish Bias on this pair. So will be on the lookout for SHORT (scalps) setups on the breakout of the 0.236 fib level down to 0.8900-0.8880 during intraday sessions. Sentiment Data shows majority (78%) of retail traders are net LONG on this pair.Shortby GhosTrader_GT331
USDCADUSDCAD. I marked the previous year and high, Price will always retrace back to the open/close. If you mark the previous high and go to the weekly time frame, marking that open and close that formed the previous weekly high, you can see that price retrace above open/close and drops from there. Thats a bearish scenario. Same thing happened this year, price created the current year high and retraced above open/close, thats second bearish scenario. I expected price do the same thing this month, to retrace above the open close on that daily candle that created the current monthly high. Once price retraced above e left a rejection + OB, I left a sell limit for price to retrace back mitigate that zone and drop.by oliveiradanilo111
GBPAUD long outlookon this trade am looking to go long. why because the market structure is bullish on the 4h timeframe. Will wait for extra confirmations on the ltf once market tap into my demand zoneLongby oskarmini110
A volatile week ahed - EURUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck! Shortby TheForexMessiah119
EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable. I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities. Confluences for EU Buys are as follows: - The Demand zone has caused a CHOCH to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro-trend trade. - In order for price to keep going up it must retrace and enter these key levels to trigger a rally. P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday. Have a great trading week and thanks for 1k followers!Longby Hassan_fx117
EURUSD POTENTIAL SELLtheir is a breakout of the trendline to the downside and a deep retest which did not create a new high around 1.08853 before we saw the decline of the 4hr candle, which means that seller are fighting for domination, expecting a sell from 1.08485 back to the support level at 1.07327... the sell bias will be invalidated if price break 1.08839 to the upsideShortby AMBAFX116
GBPAUD forecastThe Bank of England (BoE) has been maintaining a restrictive monetary policy stance with the Bank Rate currently at 5.25%. This policy aims to bring inflation down to the target of 2% sustainably over the medium term. Despite a significant decrease in inflation from its peak, the BoE remains cautious and indicates that monetary policy needs to remain restrictive until inflationary pressures are fully under control. However, recent economic forecasts suggest that the BoE might begin cutting interest rates as early as June 2024. This expectation arises from the rapid decline in inflation and the UK's economic struggle, necessitating a potential loosening of monetary policy to support economic growth . The Reserve Bank of Australia (RBA) has kept its cash rate at 4.10% and has been cautious about further rate hikes, emphasizing data dependency in its decisions. The RBA aims to manage inflation while considering the economic impact of higher interest rates on growth and employment. by Nepalkoraja111
GBPUSD Hello everyone, what are your thoughts on the trend of GBP/USD? From the analysis charts, it's clear that this currency pair still has upward momentum, moving steadily along the trendline. The higher highs and higher lows continue to support this momentum. I anticipate that the price will climb above the 1.285 level (the upper trendline limit). What about you? What's your target?by Alexander_BennettUpdated 32
EURUSD ALERT: Strong Bearish Momentum!Hi traders! I think EURUSD will start a very strong bearish momentum this month. If you have long position close them and take short for lots of profit!Shortby kamran656117
EURUSD: Still on the way up!As we wrap up the past week, EUR/USD has shown stable trading with a slight retracement. However, this minor dip is not expected to affect its long-term upward trend. By closely observing the 1D chart, it's evident that EUR/USD has reached the 0.618 Fibonacci retracement level and found support there, with the EMA 34 and 89 converging at this support level. This convergence suggests a strong potential for a bullish rebound. Let's wait and see how this plays out. Have a great weekend! Longby SepharaaUpdated 31
GBPJPY for bearishLooking bearish for this pair after so long in bullrun mode. Hopefully. Trade with your own risk. Any idea please put on your comment. Tq Shortby ewtradersbhUpdated 8826
GBPCHF: Bulls to continue pulling upwards! OANDA:GBPCHF GBP has been bullish since last few months especially from the beginning of the year 2024, it is also notable to see how bearish is chf. Going forward, we expect price to continue bullish and it hitting our target is almost certain. Please wait for price to come to our area once it does, please take the trade with accurate risk management. **If you like our work then please like, comment and follow which will encourage us to bring more educational ideas** Team Setupsfx_Longby Setupsfx_2220
SHORTING EURUSDEURUSD showing strength to push low. Price creating fake break out on 4 hr chart but going to higher time frame, EURUSD is pushing lowShortby LyrebirdCapital112
Do not speak English !!! I only speak chart language!!!Do not speak English !!! I only speak chart language!!!Shortby Abdelfattah_Abbouchi221
NZDJPY ShortZooming out to Monthly time frame and looking left suggest NZDJPY testing ALL time price Highs. Looking at 1W and 1D time frames Supply Zones indicate candles getting rejected. My own COT Commitment of Traders Analysis also suggest a Short.Shortby BigBody_Crypto331
eurusd trade idea large drop of price on friday creating a sibi, which can be used as an entry . but i would only trade in killzone. on monday , price action usually choppy , let see how it goes by ICT_spartan115
AUDUSD AU is currently in the bull direction. So we're anticipating price to continue the push to the upside. After some HH/HL price is now in pullback, so I'm looky for break of the previous swing high to mark out the POI.Longby Murthehelp_fx330
sell positionIn the chart, static and dynamic resistance intersect and cause the price to fallShortby city19112