USDJPY USDJPY is in the process of forming the head and shoulders, I still expect the price to reach 156.67 again!by Trader_BrianFX2
EURUSD continue buying according to the bull flag patternDear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave a like and comment. I will be happy.Longby IAm_RyderUpdated 121253
Major (maybe final) push up for GUOTE + breached double top (fractal) The idea is really simple and if you're an ICT student and you've spent your time in the charts, your eyes will spot it right away but trading view wouldn't let me publish with a very short descriptionLongby efua2chilled0
GBPCHF weekly analysis This pair is ready to sell, for it has touch the trend line of the weekly time frame and suppose to sell from this point Shortby Olumine1
USDJPY: Continuing uptrend at support levelDear traders! USD/JPY is reversing from near 157.00 in Asian trade on Tuesday, weakened by a fresh wave of US Dollar selling, as risk sentiment gets a fresh boost on China optimism Quoc. Investors are waiting for Fedspeak and key data to determine the pace of interest rate cuts from central banks going forward. In terms of technical outlook, from the 1-hour chart USDJPY is showing the potential for a resistance break backed by the immediate support at 156.40. Shows the potential to rise to higher levels once it breaks out of the downtrend line, as our analysis has shown!Longby IAm_RyderUpdated 8817
GBPUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2763, which is an overlap resistance. Our take profit will be at 1.2696, an overlap support level. The stop loss will be placed at 1.2823, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 8
Bearish Divergence in NZDJPY pairA bearish divergence is formed in NZDJPY pair in an hourly timeframe. The previous bearish trend reversed after the divergence making new HLs and LLs. The current bearish trend is a good point for shorting.Shortby wakqas121
USDJPY Despite the broad weakening of the US dollar on Monday, the Yen struggled to find solid footing, causing the USD/JPY exchange rate to fluctuate below the 157.00 mark. However, the USD has been steadily appreciating against the beleaguered JPY. While the pair is currently moving within a descending wedge, the technical outlook suggests a potential rise to higher levels once it breaks out of the downward trendline, as indicated by our analysis! by Trader_BrianFXUpdated 2
EURUSD: Waiting quietly!This week, the primary factor influencing the Euro's price action will be the preliminary inflation data for the Eurozone for May, set to be released on Friday. This inflation data will offer fresh signals on whether the ECB will extend its rate cut policy into July. Before that, investors will be closely watching Germany's preliminary inflation figures for May, scheduled for release on Wednesday. Monthly headline inflation and harmonized inflation are expected to increase at a slower rate of 0.2%. Annual headline inflation is estimated to have risen to 2.7% from 2.4% in April. Conclusion The EUR/USD pair continues to gain strength due to the weakening USD and monetary policy expectations from the ECB. Inflation data and statements from ECB officials will be crucial in determining the direction of this currency pair in the coming week.by Trader_BrianFXUpdated 2
#EURUSD The pair has been buying for a long time. Now, probably is pullbacking to reset the levels which may lead it to bull. If it reaches to the POI indicated we may wait for creating buy opportunity.Longby BoaNergeTrading111
GBPJPY Sell/ShortNew sell short for GBPJPY sell short. I have a TP for 196.971 set in and a stop loss can be set for 25 pips. Please message me for any questions in regards of this trade. Shortby KingTraderFX3
EURUSD possible LONG positionBias: Long Position Rationale: Based on the latest Commitment of Traders (COT) report, there is a notable shift in market sentiment: Decrease in USD Buying: The report indicates a reduction in USD buying activity against the Euro. Reduction in Euro Short Positions: There has been a significant unwinding of short positions on the Euro. These factors suggest a bullish outlook for the EURUSD pair, as market participants seem to be less inclined to bet against the Euro. Trading Plan: I am looking to initiate a long position in the EURUSD pair. My strategy involves waiting for the pair to reach a key support level identified on the chart. This approach aims to capitalize on potential upward momentum while minimizing downside risk. Longby EverlonUpdated 2
AUDUSD TRADE IDEAOn this pair, we are anticipating for a BUY CONTINUATION, first we all that the trend is still BULLISH, as there is no yet SIGN for the BEARISH SHIFT on the AUDUSD, so coming down to the 30minutes timeframe, we have SWEEP in LIQUIDITY+ BOS and a DEMAND Area was created, though without INEFFICIENCY, but we have the FIB confluence. You can add to your watch-list.Longby LOVEGODFX2Updated 3
#EURUSD - 30 MayEURUSD sold down yesterday. The strong level I gave was good for scalps but it eventually broke down and sold back to the lows. Price is re-testing the 1.0806 level. Rejection off here would see a move down to 1.07655 strong level. I would prefer to do nothing till 1.0834 or 1.0766 trades first. Overall bearish price action points to a move lower. A pullback to 1.0834 is a level to look for rejection for a move lower. On the other hand, a move down to 1.0766 double support and also a Fib level gives a possible long opportunity for a move back to 1.0806.by FadeMeIfYouCan0
USD/JPY "Intervention" Trade SetupThe yen is usually pretty stable, but it’s been sliding more. Last time it got to this level, the Bank of Japan had to step in and burn 30bn in USD to buy the yen back up. The news said roughly that they don’t look at the price, but the velocity, so I have alerts on rapid moves on the yen to be able to show up and get on the BoJ’s side of the trade. Last time I knew that they were thinking about moving into the markets, and I was watching it, but I missed the action by a couple days. A trade like that would make your career. It’s sure-fire, immediate. There isn’t any doubting what’s going on. That’s a “wake me up in the middle of the night” alert. Next time, got it set now. Wait for the price to break/shift with high velocity USD up/yen down. You could alert on NATR high, which is what I did. It’s smoothed so it has a delay, but it should be fast enough w/ EMA to get a signal early. I want this to wake me up. This is one of those setups that if it plays you can put every last drop of margin into the position.by decklyndubs0
usdcadmove down, broke through trend line on 5m chart come up to a previous high so looking for a short downwardsShortby kovaa006113
USDZAR-BUY strategy (cautiously) 4-hourly chartThe pair has indeed moved higher on expectation. Elections results are looming and has driven the pair higher. I feel we may see further increase and perhaps test of 18.5350 area en route 18.7500. Strategy BUY @ 18.4150-18.4500 and place tight SL around 18.3450. Profit order @ 18.6750 for now. Longby peterbokma4
Mixed signalsFunny how I totally didn't see the downtrend on the 4-hour chart during my analysis for this week. Now price is at a confluence and the strongest side shall win.At this point, I'm staying out of trading this pair until things become a bit more clear. Always remember to trade with caution.by dquayartey220
GBPJPY: Watching for Bearish Confirmation After Uptrend Channel GBPJPY presents a potentially lucrative opportunity for day traders, but caution is advised. This analysis explores the current price action and outlines a potential short trade setup. Technical Analysis: Uptrend Channel Breach: The price has potentially broken above the uptrend channel on the daily chart. However, the validity of this breakout is questionable. Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed on the daily timeframe, following another red candle. This suggests a potential reversal of the uptrend. Fibonacci Retracement: Based on your chart (which I can't see directly), you identified the 61.8% Fibonacci retracement level as a potential downside target. Trading Strategy: Confirmation is Essential: Entering a short trade right now is not recommended. Wait for confirmation of a bearish reversal. This could involve a daily candle closing below the 23.6% Fibonacci retracement level or a strong bearish candlestick pattern forming. Risk Management: Given the potential for a false breakout, proper risk management is crucial. Define clear entry, stop-loss (above the channel or a recent swing high), and take-profit levels based on your strategy and risk tolerance. Important Considerations: Market Context: Fundamental factors and economic news releases impacting Japan and the UK can influence price movements. Staying informed can provide valuable context for your trade. Do Your Own Research (DYOR): This analysis provides a potential trade idea, but it's not a guaranteed outcome. Always conduct your own research and analysis before entering any trade. Remember: The forex market can be unpredictable. Shorting any currency pair carries significant risk. By combining this analysis with proper risk management, additional research, and waiting for confirmation, you can make informed trading decisions in the GBPJPY market.Shortby OMGiTzREALHASSAN2
eurusd shport at short termeurusd is my bet to short at short term conditions, until 1.07733usd/eur trend and price actions looking for that bet,Shortby Carlosdrcunha111
Sell GBPUSD ChannelKey Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.Shortby KABHI_FOREX_TRADINGUpdated 118
✅AUD_USD POTENTIAL LONG🚀 ✅AUD_USD is set to retest a Strong support level below at 0.6594 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 0.6620 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114