EURJPY - Correction over, Back to highs?OANDA:EURJPY Looks to have completed the correction and if we break above 170.00 again then upside targets are around 172.00. Looking for PBs to get long. Ideal scenario is if we get a move back to 169.00 but watching for a top in this run. Enjoy the day. Longby L_FUpdated 0
#EURUSD - 13062024Yesterday, EURUSD just broke above the PZ rallied on CPI data all the way up; as mentioned the rubber band effect can result in a violent up move. EURUSD moved beyond the gap closing level of 1.0800 but instead to the next triple resistance zone at 1.0848 before pulling back now. Unlike the indices which are clearly bullish, EURUSD closed near the mid point which is comparatively weaker. I see the up move and rejection as a possible overshot and the next move could be down. A break below PZ would be a short opportunity with stops above PZ for a move down to 1.0762 and possibly 1.0724.by FadeMeIfYouCan0
GBPAUD outlook before great newsThis morning (my city time) I woke up to analyze the market direction. As for the currency pair that is of interest this morning, it is inevitable that it is the Australian Dollar. There is interesting news forecasting economic numbers. It is a bit consistent with technical analysis. Wait to see the big surprise!by s27TraderUpdated 0
Trading Signal for GBPAUDSell GBPAUD at Enter Price: 1.92051 Take Profit: 1.91395 Stop Loss: 1.9288 This signal is generated using the EASY Quantum Ai strategy. The current market analysis indicates a bearish trend for the GBPAUD currency pair. Multiple factors contributed to this forecast: 1. Technical Analysis: The recent price action shows a series of lower highs and lower lows, confirming a downtrend. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest increasing bearish momentum. 2. Fundamental Analysis: Recent economic data releases from the UK indicate slowing growth, while Australia's economic indicators remain steady. This disparity strengthens the likelihood of GBP weakening against AUD. 3. Market Sentiment: There has been an increase in selling pressure for the GBPAUD pair, as observed in the order flow and volume analysis. Major financial institutions have also been showing a negative bias towards GBP. 4. EASY Quantum Ai Strategy: This sophisticated algorithm has identified a high-probability sell setup, considering both historical data and real-time market conditions. Please enter the trade at 1.92051, set the take profit at 1.91395, and the stop loss at 1.9288. Remember to manage your risk appropriately and stay updated on any market changes. Happy trading!Shortby ForexRobotEasy0
GBPAUDSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 15m TF is recommended. Shortby ComteSt.Germain0
USDCAD Trading Signal: Buy OpportunityAttention Traders, We have identified a potential buy opportunity for the USDCAD currency pair. Here are the details of the trade setup: Direction: Buy Enter Price: 1.37222 Take Profit: 1.37614667 Stop Loss: 1.36815667 Justification for the Signal: Our forecast is based on an in-depth analysis using the EASY Quantum Ai strategy, which considers multiple market indicators and data points to generate precise and reliable trading signals. 1. Technical Indicators: Our algorithm has identified a strong upward momentum in the USDCAD pair, supported by key technical indicators such as Moving Averages and RSI, suggesting a continuation of the uptrend. 2. Market Sentiment: Market sentiment data points toward a bullish outlook for USDCAD, with significant buying interest observed in recent trading sessions. 3. Economic Factors: Favorable economic conditions for the US Dollar, in contrast to the Canadian Dollar, are expected to drive the pair higher. This includes positive economic data releases and central bank policies favoring USD. Please be diligent and manage your risk appropriately by adhering to the Stop Loss and Take Profit levels provided. Happy Trading, The EASY Quantum Ai TeamLongby ForexRobotEasy0
Potential Euraud Gartley Pattern ?Looking at the Daily, I see a nice distribution phase which I noticed a W almost being completed. EA is working its way from the C leg to the D point harmonic sell entry, which i believe to also be a nice sell off into the discounted zone below Currently i see EA in an acccumlation zone leading into an expansion so , the trend on the daily in my perspective is bullish unless it decides to dump. Will monitor this pair and set my alert at the harmonic sell zone by Onlypips4x0
GBPUSD LONGGBPUSD LONG bias dow theory bullish div gbpusd 70% bullish in aprail and 4h support bounce buy stop : 1.26880 stop loss: 1.25680 tp: 1.2808 risk reward 1:1Longby inambariUpdated 6
Signal Alert: AUDCAD Buy OpportunityDirection: Buy Enter Price: 0.9143 Take Profit: 0.9187 Stop Loss: 0.90881 We have identified a promising buy opportunity for the AUDCAD currency pair at the enter price of 0.9143. Our analysis indicates a bullish trend supported by several key factors, which suggests a strong potential for profit. Strategy Used: EASY Quantum Ai Fundamental Analysis: The Australian economy has recently shown positive indicators in terms of employment rates and GDP growth, which is expected to strengthen the AUD. Additionally, recent market dynamics indicate a weakening CAD due to lower oil prices and slower economic recovery in Canada. Technical Analysis: 1. Support Levels : The current price of 0.9143 is close to a strong support level, providing a solid base for upward movement. 2. Moving Averages : Short-term moving averages have crossed above the long-term averages, indicating a bullish trend. 3. RSI Indicator : The Relative Strength Index (RSI) is in the oversold region, suggesting potential upward movement. To summarize, the recommended trade is to Buy AUDCAD at 0.9143 , with a Take Profit target set at 0.9187 and a Stop Loss at 0.90881. This forecast leverages the EASY Quantum Ai strategy, which combines both fundamental and technical analysis to provide reliable trade signals. Trade wisely and always ensure proper risk management. Happy Trading!Longby ForexRobotEasy0
GBPUSD ST LongStill bearish Bias, but found a quick time frame Scalp. Not explaining nor motivated to do so, NOT FA, do your own due diligence. New rule: 1-3 lot, have a 5 pip stoploss 5-10 lot, have a 3 pip stoploss You will lose money on my analysis, at your own discretionLongby PepeJTheTraderUpdated 0
GBPUSDGBPUSD Update: We could be heading for a 1.2860 - 1.2900 target as the overall PRICE OBJECTIVE for broadening wedge pattern is not met yet. 1.2800 first target achieved, I see a resemblance of the double bottom (trend continuation) pattern repeating itself. So I look forward to LONG (scalp) this pair at any opportunity that presents itself up to target area.Longby GhosTrader_GTUpdated 1
GBPAUD 12/06/2024Weekly: -Inverse H&S pattern. -Bullish M pattern. -IC. Daily: -M formation. -Inverse H&S pattern. -Bullish M pattern. -IC acting as magnet for price. 4H: -Price reacting on the OB.Longby HANSFXTRADER0
GBPUSD 151). Entry Point: Look for short positions when the price approaches the resistance level at 1.28180. Confirmation can be obtained through bearish candlestick patterns (e.g., bearish engulfing, shooting star) or technical indicators signaling overbought conditions (e.g., RSI above 70). 2). Stop Loss: Set the stop loss slightly above the resistance level to manage risk. A good stop loss level would be around 1.28300, giving some buffer against false breakouts. 3). Take Profit: Set the take profit level at 1.27720, ensuring that the risk/reward ratio is favorable. This level should capture profits before the price potentially encounters any strong support or consolidative behavior. Technical Indicators to Monitor: *). Relative Strength Index (RSI): Look for RSI to be in the overbought region (above 70) as price approaches 1.28180, indicating a potential reversal. *). Moving Averages:Monitor the 50-period and 200-period moving averages for bearish crossovers or price action below these averages, reinforcing bearish sentiment. *). Volume Analysis:Higher volume on bearish candles near the resistance level can indicate stronger selling pressure and provide additional confirmation for entering a short position. Conclusion: This market idea involves taking a short position at the identified resistance level of 1.28180 with a take profit target at 1.27720. By adhering to strict risk management principles and monitoring relevant technical indicators and economic events, traders can enhance their chances of executing a successful trade. 🤞🤞🤞🤞Shortby vbenking91110
GBP/JPY Rallies to Fresh Yearly HighGBP/JPY stages a four-day rally to register a fresh yearly high (200.94). GBP/JPY Outlook GBP/JPY may continue to trade to fresh yearly highs as it extends the recent series of higher highs and lows, and a further advance in the exchange rate may push the Relative Strength Index (RSI) towards overbought territory. The breach above the May high (200.75) may push GBP/JPY towards the 202.00 (23.6% Fibonacci extension) to 202.40 (50% Fibonacci extension) region, with the next area of interest coming in around 206.60 (100% Fibonacci extension). However, the RSI may start to diverge with price if it continues to hold below 70, and failure to defend the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) zone may push GBP/JPY back towards the monthly low (197.21). --- Written by David Song, Strategist at FOREX.comby FOREXcom0
EURJPY at triangle resistance Intraday Update: Following the FOMC, the EURJPY is at triangle resistance. BOJ is at the end of the week and with the EURUSD sliding back to 1.800 longs may want to be cautious here. by ForexAnalytixPipczar0
Long trade Tue 11th June 24 Condition - 1Hr TF Entry 15min TF Buyside Re-Entry 1.07445 level on the back of News driver US Dollar Rises in Europe as Risk Assets Soften into Wednesday's US CPI, Fed Decision Profit level 1.08213 (0.71%) Stop level 1.07282 (0.16%) RR 4.52Longby davidjulien369Updated 0
Eurusda nice upward movement is expected!! This is not a financial advice dyorr EnjoyyLongby jupitertradeUpdated 1
USDCAD - sell ideaHS pattern may trigger the start of the extended move to the downside Tried to mark the structure as I see it A leading diagonal is strange, but it qualifies Trade safeShortby Alpha_MindUpdated 0
GBPJPY AFTER 1 DAY 3 steps analysis 1/general trendline : uptrend 2/ zone support and resistance 3/ +3 confirmations entry Educationby hamidTrader210
GBPAUDBUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 15m TF is recommended. Longby ComteSt.Germain0
EURCHF LongEURCHF is showing bullish divergence on RSI and double bottom reversal pattern is formed. Price action is moving upwards forming bullish trend. Longby H2TO0