Watch for CHOCH on 15m TF enter and ride the bullish train to the Poi for Friday
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
π GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. π Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
β‘οΈGBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. . β‘οΈThe main trend of the GBPUSD market is still in the falling price range. The pair's resistance...
Looking at how the markets made its first movement lower I will be looking at trading the market like the following. Il be watching for lower time frame CHOCH so I can enter to ride the retracement back to the POI if all looks well il take the sell from the poi down to the lows
The market is clearly in a bearish trend. FX:EURAUD fell from the resistance zone and broke through the range zone as well. The price has been updating lower lows. Note that it broke the key level at 1.64000. And I think the market might form a small pullback and continue moving downward. As I always say, the consolidation/range zones act as support and...
Hola Amigos Dear Friends, This is our master plan to Heist Bullish side of AudCad Bank Robbery based on Thief Technical Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous Snake trap area. Be safe and Be rich. Loot and escape near the target π― support our robbery plan we can make money...
We have these indicators for SELL opportunity: - Reflection from the Upper trend line - Low volume to continue the current direction - Return OR re-test to Year + 6M + 3M + 1M high area (min. for TP1) - Return to the Lower Trend line We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips
OANDA:GBPJPY The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while
Here are some scenarios I'm looking at for next week.
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
Price will bounce off major support zone. A divergence has formed and price will move to the market imbalance area around the 61.8% fib zone
FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index. On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high...
CHFJPY Poised to Rise Further The Japanese Yen is facing big challenges. It has extended its descending trend, reaching a fresh multi-decade low. Traders are closely watching the US Q1 GDP report and the Bank of Japanβs (BoJ) policy meeting for further direction CHFJPY benefited in the short term from this situation and is pointing to rise further as no one...
TP: 156.298 SL: 154.000 In this trading strategy, we present a compelling opportunity for a long position on the USDJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
AUD/NZD Poised to Ride the Bullish Tide- Update I posted AUD/NZD analysis 3 days ago and as you can see the price reached the first target. The price managed to develop above our structure zone thus raising the chances that it can extend more to the other target zones as shown in the chart. The price will face a strong resistance near 1.1000 and if that zone...
GBPCAD is trading in a long-term bearish trend. After the last bearish wave, we see a correctional movement on a daily. The price reached a key horizontal resistance cluster. After the test of the underlined blue area, the pair started to consolidate on a 4H time frame and then it broke a support line of a rising wedge pattern. It may indicate that the market...
1. PSTG 1 was hit 2. PSTG 2 was hit 3. 100% Retest zone was respected 4. SST level approved now we wait for the market to give us a nice structure to work with now that BULL have 78% power over the bears, getting ready to take buys.