This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...
Today's fundamentals are very bullish for NZDUSD. The price is currently forming a high momentum bullish candle on a daily, violating a key horizontal resistance. It opens a potential for a further bullish continuation next week. Goal - 0.6058 ❤️Please, support my work with like, thank you!❤️
Hello Everyone, Long-term prospects for EUR/JPY continue to favor buying, with an upward trajectory expected. Despite significant seller activity aiming to breach daily support, the current stance on EUR/JPY remains bullish, emphasizing its potential as a buy. TradeWithTheTrend3344
I don´t like the pairs with 2 european currencies because sometimes you need to wait too much to see the movements. But here you have what we can expect in this pair. The pair is maximum zones, so normally the price fall first. good luck.
USDCAD Short between 8-10 May 2024 Appears like a promising idea, as demonstrated on the Chart.
After climbing to a upper order pool after news at nine Central prices now experienced downward pressure setting up a short opportunity based on my algorithms.
The Yen has risen by over 3% following Japan's intervention to boost the currency and the Fed's less hawkish stance. The US Dollar index slipped below 105.00 with the NFP print being softer than expected. The USD/JPY currency pair still has the potential for downside movement. However, there are signs of recovery in the pair. It is expected to test the 0.5-0.618...
Price rebalanced the FVG and inversed FVG and the Breaker confluence. COT data are still very bearish. And we can see a reversed pattern Playing on the USD. Hence I'm bearish. I watched the top during the NFP and will be adding on the way down. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy...
Price is heading to the internal range liquidity which has confluence with the previous week's high. We got NFP today, which has nice volatility for the price delivery. My POI is in the IFVG and Breaker below the liquidity (pink line) But !! It doesn't mean that I will simply enter there. I need to see my setup in the form there - Rejection, Not close below the...
I think the price will reach PWL today during the NFP or the post-NFP price action. I would be interested to trade during the manipulation phase above the asia range where there are nice BPR and other PD arrays nested in it. This would be the perfect scenario, however, we don't live in a perfect world. So flexibility is necessary as always. If the price...
Time to moove up Dollar down with bad news for US This is not a financial advice dyorr Enjoyy
OANDA:EURCAD is trending in upwards direction forming a series of Higher Highs and Higher Lows. Currently, It's retracing towards premium price levels of fib 50-75% where we can look for buying euro against canadian dollar.
Preferred direction: BUY Comment: The fact of recovery is also visible on the pound chart. Here we also have both scenarios activated that we published at the beginning of the week. Before the NFP , the bullish mood remains, and an approach to the level of 1.26000 is expected. You can also consider level 1.26500 as an additional target. In the short term,...
Preferred direction: BUY Comment: Before the NFP , we adhere to the buy priority and scenarios that we've outlined at the beginning of the week. The likelihood of the US dollar's main competitors strengthening is high. However, we are talking more about short-term strengthening today. Over the longer term, the US dollar is likely to resume its global...
Preferred direction: BUY Comment: The outlook for the New Zealand dollar is the same as for the Australian dollar . In both cases, we are likely to see new local highs, but growth is limited, in the case of NZDUSD this is the level of 0.59857 . We are considering two options for the development of events. The most likely scenario is №1 , and scenario...
Preferred direction: BUY Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for...
GBPCHF is in continuous upward momentum. A bullish continuation flag pattern has formed. A breakout of the high gives a good buy opportunity for good gains.