GBPUSD is looking real bearish now...now that we are coming to close out the week it looks like price want to break the previously weekly low. Waiting for the remainder of Asian range to play out before attempting a entry. since it is Friday price can be really flakey. Short02:55by DWoodz0
euraud buy signal. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeLongby wavesscoutforex114
The 3 Step Rocket Booster Strategy In ForexLook at the chart above what do you notice? Notice that: 1- The price is above the 50 MA 2 - The 50 MA has crossed above the 200 MA 3- The price has gapped up This is called the rocket booster strategy to learn more check out the resources below Also, rocket boost this content Disclaimer : Trading is risky you will lose money wether you like it or not please learn risk managementLongby lubosi1
Buy AUDJPY BoJ Interest rateKey Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you. Longby KABHI_FOREX_TRADINGUpdated 112
EUR/NZD STRONG SELLWhat I watch on 15 minute timeframe its a downtrend followed by Lower highs and lower lows in one hour timeframe, in 15 minutes we can also see a macd cross that its so strong for the sell.Shortby hcarbajal12222
GBPJPY Major sellPrice is at resistance on all major level Should be a solid 100 pips Shortby EleazarahmathUpdated 229
GBP/USD: Preparing for Bearish Movement Below Pivot PointsHello Everyone, Are you ready for the bearish movement in GBP/USD? Let's go! We're currently below the daily pivot point (1D PP) and aiming to secure a stable position below the weekly pivot point (1W PP). If the price establishes itself above the daily pivot point, we might see further upside. However, in the long term, we are still set for a bearish trend. Let's see how things unfold in due time. TradeWithTheTrend3344Shortby TradeWithTheTrend33442
EURUSD: Will It Bounce or Break? A Detailed AnalysisThe EURUSD market is hovering around the 1.0578 level, presenting opportunities for astute traders. However, to make informed decisions, it's crucial to consider these key factors: The downtrend in the US stock market could negatively impact market sentiment, putting pressure on EURUSD. Conversely, the rising crude oil prices may support EURUSD as the euro is often seen as a safe-haven currency during uncertain times. EMA 34 and EMA 89 suggest a short-term downtrend. Based on these factors, EURUSD is likely to continue its short-term downtrend, targeting the crucial support level around 1.0500.Shortby Rena_Potter3
NZDJPY - BEARISHNZDJPY has just completed a reversal pattern with a bearish divergence. That improves the potential of a coming bearish trend so lets hope for good. I will play safe and put a pending order incase the trend reverse its direction. So lets hope for good. Thanks My Positions Sell Stop : 96.53 Stop Loss : 97.26 TP : 95.8000 Shortby tayyabbarakzoi0
SellPrice broke structure to the upside inducing buyers and triggering breakout buys. Price also created demand and most likely there is pending buys in demand. So while everyone is planning there buys ill the take the contrarian out look and sell.Longby wisedan33330
EURUSD: Potential Short-term Long Followed by a DowntrendAfter completing its motive 1-5 wave pattern upwards, the pair has initiated a correction phase. We are currently observing the development of the C wave in this correction. Upon the completion of this C wave, I anticipate a bullish movement aimed at filling the existing market gap. Once the gap is filled, I expect a reversal, providing a potential sell opportunity.Longby BabakrUpdated 3
GBP Buy ideaPrice has created a buy channel. Buy channel has been broken to the downside and there has been a break of structure inducing sellers into the market. Price has created a supply level for a sellers, adding more pending sellers. To me this seems to be a trap to go short. My idea is to go long and minimum TP would be last H4 high.Longby wisedan33330
USD/JPY: Seeking Confirmation Below Daily Pivot PointHello Everyone, USD/JPY requires confirmation below the daily pivot point. Without this confirmation, it's likely to experience additional upward movement. The bearish outlook remains uncertain, but let's observe if there's potential for a downward push this time for USD/JPY! TradeWithTheTrend3344Shortby TradeWithTheTrend33448
AUDNZD-Bearish ABCD pattrenThe pair is in downtrend and have been bouncing from trendline. According to mean reversion the pair is going back to its mean. In the process the pair has made an bearish ABCD pattern and entry can be taken when price move below point B. NO divergence on RSI is present indicating the price may continue its trend.Shortby kiki_crypto221
Buy GBPAUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9250. Target Levels: 1st Resistance – 1.9333 2nd Resistance – 1.9380 Stop-Loss: To manage risk, place a stop-loss order below 1.9180. This helps limit potential losses if the price falls back unexpectedly. Thank you.Longby KABHI_FOREX_TRADINGUpdated 113
EUR/USD is below 1.0750 as the US CPI and Fed make appearances.EUR/USD is trading sideways below the 1.0750 level during Wednesday's Asian trading session. Traders are refraining from placing new bets on this currency pair ahead of the US key CPI data and the Federal Reserve's policy announcements, which could significantly impact the performance of the US Dollar. We are still awaiting a clear signal from the Fed for EUR/USD to break out of the resistance level mentioned above, and a consolidation above this level would signal a bullish move for us. Our nearest target is 1.08500, followed by 1.09000. Shortby JesscicaUpdated 161654
USD slides, JPY fragile ahead of BOJRecently, we have witnessed notable movements in two significant currencies: the US dollar and the Japanese yen. Over the past week, the US dollar has experienced a slight depreciation after a prolonged period of strong growth due to investor concerns about the Federal Reserve. Meanwhile, the Japanese yen remains fragile ahead of the Bank of Japan's meeting. In the near future, the US dollar may continue to decline if inflation and economic growth indicators fail to show significant improvement. The stability of the Japanese yen may depend on developments in the BOJ meeting. However, it is likely that the Japanese yen will strengthen in the coming period if the US dollar continues to decline. Longby JesscicaUpdated 111125
The EUR/USD is hovering around the 1.0800 level ahead of the EU/The EUR/USD remains stable after recovering from losses recorded in the previous session. The currency pair is trading around 1.0810 during the Asian hours on Thursday. Technical indicators show that the EUR/USD is trading within a narrow range. The RSI indicator is currently at a neutral level, indicating no strength from either side. Additionally, the MACD indicator does not provide clear signals about the trend. Based on the current technical analysis, the forecast for the EUR/USD is a slight continuation of the upward movement and trading within a narrow range. Longby JesscicaUpdated 117
Sell NZDJPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.17 2nd Support – 95.82 Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you. Shortby KABHI_FOREX_TRADINGUpdated 112
EUR/USD Sell Signal with Caution on Support LevelsHello Everyone, EUR/USD continues to be a sell, but it's crucial to monitor the robust 1-day and 1-month support levels closely for potential price reactions. An important signal to watch for is if the strong 1-month support at 1.071347 transitions into resistance, which would confirm further downside potential. TradeWithTheTrend3344Shortby TradeWithTheTrend33442
GBPUSD continues to rise!On Wednesday the British Pound (GBP) hovered around 1.2750 against the US Dollar (USD). Despite the release of the UK's Gross Domestic Product (GDP) and monthly Industrial Production data, the currency pair remained largely unaffected. From a technical perspective, GBP/USD continues to trade within its ascending channel. The lower boundary of this channel provides support, helping the pair to aim once again for the upper boundary and potentially retake the peak above the 1.281 resistance level. What's your take on the GBP's movement? Share your insights!by Alexander_BennettUpdated 6656
EURUSD today: How to trade to make a profitHello traders, On Wednesday, EUR/USD climbed higher as market risk appetite increased following lower-than-expected U.S. Consumer Price Index (CPI) inflation data. However, the pair's gains were capped by the Federal Reserve's hawkish stance on future interest rates, leading to a late-day pullback. Trend Analysis: Current Range: We anticipate that EUR/USD will trade within a range, initially moving towards the resistance at 1.084. Expected Movement: After a brief sideways movement, we expect a decline towards the support level at 1.073. -Key News to Watch Today: Core PPI m/m: The monthly Producer Price Index (PPI) excluding food and energy. PPI m/m: The overall monthly Producer Price Index. Unemployment Claims: Weekly data on new claims for unemployment benefits. Speech by Treasury Secretary Yellen: Insights on economic policies and market impacts. -Trading Strategy: Stay Alert: Keep a close watch on these data releases as they can cause significant market movements. Entry Points: Look for strategic entry points based on how the news impacts price levels. Risk Management: Ensure your Stop Loss (SL) and Take Profit (TP) levels are set to manage risk effectively. Let's stay sharp and navigate today’s trading opportunities wisely. Happy trading!by Alexander_BennettUpdated 1515113
EURUSDEURUSD price is in the support zone 1.07230 if the price cannot break through. It is expected that in the short term there will be an opportunity to rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324444