Gbpusd Buy (sl hit)GBPUSD has hit sl, based on correlating pairs. FOREXCOM:GBPUSD FX:GBPUSD OANDA:GBPUSD by PLETHORAFOREXINSTITUTE1
USDCHF: Recent Trendline Breakout, Temporarily BullishPrice has recently broken out of the (D) descending channel. It then pushed up to meet the (D) 50% Fib retracement level and proceeded to the downside to retest support. The price has now broken out of the (4H) downtrend line. I anticipate the price will retest and reject this level of support, and temporarily continue to the upside. **Rationale:** L1: ~ Break of channel (D) L2: ~ Retest of support (D) ~ Impulse wave completion L3: ~ Break of trendline (4H) ~ Retest of support **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. ** Annotations:** Categories: 1. Naming: (N1) 2. Labeling: (L1) 3. Forecasting: (F1) Sub-categories: 1. Naming: (N1.1) 2. Labeling: (L1.1) 3. Forecasting: (F1.1) --- #scalping #intraday Longby Forexity114
EUR/CHF: Navigating SNB Cut and French Election DynamicsHey Traders, In today's trading session, we are closely observing the EUR/CHF pair for a potential selling opportunity around the 0.95500 zone. This level is identified as a key support and resistance area, aligning with the ongoing downtrend. The pair is currently in a corrective phase, approaching the trend line near the 0.95500 level. Recent Developments: Swiss National Bank (SNB) Policy Adjustment: Yesterday, the SNB implemented a 25 basis points rate cut. This move typically signals a dovish monetary stance, which might initially weaken the Swiss Franc. French Elections: As we approach the French elections, demand for the Swiss Franc is anticipated to remain robust. Political uncertainty often drives investors towards safe-haven currencies like the CHF. Given these dynamics, we expect the recent SNB rate cut's impact on the Swiss Franc to be temporary. The heightened demand for the Franc amid electoral uncertainty should bolster its strength, making the 0.95500 zone a critical level to watch for potential selling opportunities in the EUR/CHF pair. Best Regards, Joe Shortby JoeChampionUpdated 228
GBPAUD | BUY IDEAWith GBPAUD, smart money has signaled that it is now bullish on this pair, we are currently trading within the range... what we are now looking for is for price to come into a discounted area so that we can buy with the market makers if price breaks below the current low, trade will be invalid When price comes into the selected zone we will wait for a 15min CHoCH to enter.Longby ELCapitalFXUpdated 6617
AUDNZD - NEW BREAKOUT !Hello Traders ! The AUDNZD failed to create a new lower low ! The Lower high is broken (change of character). So, I predict a bullish move🚀 ____________ TARGET: 1.09345🎯Longby Hsan_BenhmedUpdated 8812
Elliott Wave Analysis: EUR/USD Forecast for 2024OANDA:EURUSD Current Market Prediction - (A) to (B): Indicates the first part of the corrective phase. - (C): Predicts the next impulse wave. - The chart suggests that after completing the E wave, there is an expectation of a strong upward movement labeled as (C), with potential price targets at Fibonacci levels (1.24107, 1.28804, 1.34858). Fibonacci Levels - 1 (1.24107): The first Fibonacci level, often representing a significant retracement point. - 1.27 (1.28804): The 127% extension level. - 1.618 (1.34858): The 161.8% extension level, a common target in Elliott Wave analysis. This analysis suggests a bullish outlook for EUR/USD as it completes its corrective phase and prepares for the next impulse wave. Not Financial Advice Longby TrwinUpdated 6
USDCAD Will Go Up! Long! Here is our detailed technical review for USDCAD. Time Frame: 5H Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.369. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.373 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
CHFJPY: Time to Sell?!📉CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout. To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level. I anticipate that the price will soon decline to the range of 117.87 - 177.60.Shortby linofx1224
EUR/GBP Poised for Seasonal Upswing as July BeginsAs July kicks off, the EUR/GBP pair is entering a period of seasonal strength, supported by historical trends and favorable technical indicators. Historically, EUR/GBP has shown a tendency to perform well during this time of year, and this seasonality is further bolstered by the latest Commitment of Traders (COT) report. The report indicates that the Euro is currently the preferred asset among institutional investors, often referred to as "smart money." Recently, the EUR/GBP pair rebounded from the 0.8400 support level, a critical area that has provided a strong base for price action. This rebound, coupled with the seasonal patterns and smart money positioning, presents a compelling case for a bullish setup. Given these factors, we are now looking for opportunities to enter long positions on the EUR/GBP pair, anticipating continued strength in the Euro as the month progresses.Longby FOREXN1114
Eurusd Buy (213pips)Eurusd is still bullish, Price action is observed. This is only a trade idea, use proper risk management and Happy Trading. OANDA:EURUSD FOREXCOM:EURUSD FX:EURUSD Longby PLETHORAFOREXINSTITUTE1114
USDJPY POSSIBLE CHANNEL PLAYThis pair is trading in a global bullish trend. Recently it has been trading inside a rising channel. It is now testing the top board of this channel. From this area, looking for short trades at least to the bottom of the channel border. Please do your own analysis before placing any trades. Cheers and happy trading.Shortby FX_Wize4410
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.062 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 117
Professional transaction analysis, I hope to help youThe chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 0.6693 to 0.6699. Additionally, one low-risk buy zone between 0.6581 and 0.6577, respectively, is highlighted. Important Supply Zone: Identified between 0.6693 and 0.6699, serving as a low-risk sell. Important Demand Zone: Identified between 0.6581 and 0.6577, serving as a low-risk buy. Bullish Targets: 0.6608: Possible retracement area. 0.6632: Possible retracement area. 0.6655: Possible retracement area. 0.6693: indicates a Significant supply zone. 0.6704: Liquidity area. Bearish Targets: 0.6655: Possible retracement area. 0.6632: Possible retracement area. 0.6608: Possible retracement area. 0.6581: indicates the Essential Demand Zone Ultimate Target: 0.6577- Laying Low Liquidityby Thebest-traderUpdated 1
CADCHF - 4hrs ( Buy Trade Target Range 120 PIP ) ☑Pair Name : CAD/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ☑Bullish Reversal 0.64900 Area Reasons - Major Turn level / M - Choch Zone - Channel middle Band - Quarter's High Area - Fibo Golden Zone ☑Bearish Reversal 0.66150 Area Reasons - Major Turn level - Visible Range lvn - Fixed Range Poc - Choch Zone - Pattern Retest - Foibo Golden Longby GoldenEngineUpdated 64
NZDUSD Analysis: Bearish Reversal ExpectedAfter a robust bullish trend, I have identified a noteworthy bearish formation on the NZDUSD chart. Key technical indicators and chart patterns are signaling a potential market reversal to bearish. This presents a promising opportunity for traders to take advantage of the anticipated downward movement. Stay tuned for more detailed analysis and updates!Shortby forexNetwork10Updated 4
NZDUSD Will Go Lower! Sell! Take a look at our analysis for NZDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.612. Considering the today's price action, probabilities will be high to see a movement to 0.608. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 114
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.Shortby mrAT_TraderUpdated 3
GBPCHF, long term UPSIDE REVERSAL has started! SEED!GBPCHF has been on a weighty long downtrend that has lasted for ages but recent data is hinting of a possible reversal after waiting for eons. On it's tri-monthly chart it has registered it's first upside shift in almost 3 years since July 2021. This is a massive change in structure as it is conveying the initial steps to upside reversal in the long term. Expect a series of ascend from here on. First net positive buy volume resurfaced after 3 years on its tri monthly volume metrics, and histogram data. On our lower time frame - on the daily, a new higher base has been cemented in preparation for the next series of price growth from the current range. The current levels is a good seeding area as it provides a discount already. There will be push and pull volatility before a strong run up break will ensue. Thereafter, significant price growth will follow. Expect a consistent stair up price expansion from the present levels starting this week. Spotted at 1.1400 TAYOR Longby JSALUpdated 119
Bulls in Power GBPJPYWith Daily Inverted Head & Shoulder Pattern in confluence with Weekly Fibonacci Retracement to the 0.382 Fibonacci level I’m bullish on #GBPJPY I’m expecting it to push up a little further to test the new recent highLongby ParlayProfitsFXUpdated 223
AUDJPY BULLISH- June 21📢 Signal: BUY AUDJPY 📈 Entry Point: 105.650 🔍 TP1: 105.875 🎯 (25 pip TP) TP2: 106.100 🎯 (50 pip TP) SL: 105.400 ⛔️ (25 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalLongby mr_bombastic_signalUpdated 442
AUDNZD POSSIBLE BUY (VERY SMALL SL)Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB225
Bullish rise?AUD/CHF is falling towards the pivot and could bounce to the overlap resistance. Pivot: 0.59186 1st Support: 0.58883 1st Resistance: 0.59720 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets1
USDZAR BuyI Initiated a buy trade. Looking for a pullback to 18.22938. Bears are in control but in the next 7 days or so this target will be hit. Little leverage used No stop loss Time limit is 7 trading days, if target isn't hit then trade is invalid. I've been refining my strategy; I think things will be looking much better moving forward. Don't join me, just keep track of my trades. I post for my own accountability and possible insights for YOUR OWN trading style. Cheers! Patience.Longby GlobalHornsUpdated 2